GOVERNMENT
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Croatia’s InterCapital AM Lists ETF With Romanian Government Bonds On Zagreb Stock Exchange
InterCapital Asset Management, the largest independent investment manager in Croatia, last week listed 7GROM (Gov ROM) ETF (exchange traded fund), a tradable fund with five and ten-year Roma...
Government Approves Memorandum For ELCEN-Termoenergetica Merger
Romania's government on Wednesday (Jan. 31) approved a memorandum through which electricity and heat producer Electrocentrale Bucharest (ELCEN) will be merging with heating distributor Termo...
Sources: Government To Revise 2023 Economic Growth Forecast Downwards
Romania’s government will revise the 2023 economic forecast downwards but stick with an over 2% growth, more optimistic than that of international institutions like the World Bank or the Int...
OMV Petrom Invests RON800M In Government Paper
OMV Petrom (SNP.RO), the largest fuel producer in Romania and the company to which eight million Romanian employees have an exposure of RON4.2 billion through the Pillar II private pension s...
Romania Posts Budget Deficit Of RON37B, Or 2.3% Of GDP, YoY In Jan-June 2023
Romania’s general consolidated budget posted a deficit of RON37 billion in January-June 2023, or 2.3% of gross domestic product (GDP), higher by almost RON14 billion than the level recorded...
Romania’s Government Takes Over 75% in Blue Air
Romanian government via the Authority for State Assets Management will take over 75% in Blue Air, becoming the majority shareholder of the airline.
Romanian Govt Pledges EUR200M Grants For Food Processing Firms
Grants of up to EUR500,000 will be extended to Romanian firms that process grain, oilseeds and milk under a scheme approved by the Government through an emergency ordinance on November 17.
ALRO Group Welcomes Government’s Decision To Adopt Measure To Compensate Indirect Emissions Costs Embedded In Energy Price
ALRO, one of the largest vertically integrated aluminium producers in Europe, measured by production capacity, welcomes the adoption of the Emergency Ordinance on compensating the indirect e...
Romania Approves Acquisition Of 20 Electric Trains In EUR184M Deal
The Romanian Government has approved a substantiation note regarding the acquisition by the Ministry of Transport of 20 inter-regional electric trains (RE-IR2) for passengers, a deal worth a...