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Kludi Romania 2012 Sales Up 12.5% On Year, To RON8M
Companies

Kludi Romania 2012 Sales Up 12.5% On Year, To RON8M

Kludi Romania, the local subsidiary of German luxury bathroom and kitchen fittings maker Kludi, reported sales of 8.08 million lei (EUR1.82 million) in Romania in 2012, up 12.5% from sales o...

Ecaterina Craciun · 04.04.2013 · 14:43 · 1 min
Romania To Give Fewer Certificates For Green Energy Starting 2014
Energy

Romania To Give Fewer Certificates For Green Energy Starting 2014

A measure reducing the number of green certificates offered for renewable energy production will apply only to producers that enter Romania starting 2014, while the temporary reduction of th...

Ioana Tudor · 04.04.2013 · 13:55 · 2 min
Nita: Romania Might Tax Shale Gas Differently From Conventional Gas
Energy

Nita: Romania Might Tax Shale Gas Differently From Conventional Gas

Romania’s taxation system for shale gas and gas extracted from Black Sea blocks might differ from that currently applied for conventional gas, if the country has such gas resources and begin...

Ioana Tudor · 04.04.2013 · 12:42 · 1 min
Car Battery Maker Rombat Completes EUR17M Investment In New Production Unit
Automotive

Car Battery Maker Rombat Completes EUR17M Investment In New Production Unit

Romanian car battery maker Rombat Bistrita, owned by South African group Metair, has completed a EUR17 million investment in a new production unit, the company said in a statement Thursday.

Oana Gavrila · 04.04.2013 · 11:25 · 1 min
Average Salary Slightly Higher in February
Macroeconomics

Average Salary Slightly Higher in February

Romanian average net salary rose 0.3% to 1,553 lei (EUR351) in February from RON1,548 a month earlier, the statistics institute INS said Thursday.

Bogdan Neagu · 04.04.2013 · 10:00 · 1 min
Analysis

Analysts Say Economy Will Rise In 1Q, Businesspeople Are Pessimistic

Analysts believe the Romanian economy will remain on the rise in the first quarter of this year and keep their estimates for 2013 gross domestic product, but signals from the economy are les...

Bogdan Neagu · 04.04.2013 · 00:30 · 2 min
Romania Aims To Sell 15% in Transgaz For Up To RON400M
Capital Market

Romania Aims To Sell 15% in Transgaz For Up To RON400M

The Romanian Finance Ministry on Thursday will launch a public offering to sell 15% in natural gas transmission company Transgaz (TGN.RO) at a price between 171 lei (EUR39) and RON230 (EUR52...

Bogdan Neagu · 03.04.2013 · 17:28 · 1 min
Tarom Wants To Insure Fleet For $2.4M
Banks-Insurance

Tarom Wants To Insure Fleet For $2.4M

Romanian state-owned airline Tarom wants to insure its fleet for some $2.4 million, according to a notice of intent issued by the company.

Ioana Tudor · 03.04.2013 · 17:03 · 1 min
Romania Sent Refund Requests Worth EUR388M To EC In March
Social/Politics

Romania Sent Refund Requests Worth EUR388M To EC In March

Romania sent refund requests worth over EUR388 million to the European Commission in March, the European Fund Ministry said Wednesday.

Ioana Tudor · 03.04.2013 · 16:50 · 1 min