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Romania’s Planned Cut In Interbank Fees To Impact ING’s Retail Revenue By 5%
Banks-Insurance

Romania’s Planned Cut In Interbank Fees To Impact ING’s Retail Revenue By 5%

Romania’s planned cut in interbank fees, as of the end of 2015, will affect ING Bank’s revenues on the retail segment by 5%, but this situation will be offset by additional growth, by attrac...

Ecaterina Craciun · 13.05.2015 · 14:27 · 1 min
Nita: Planned Cut In Green Certificate Quota For Big Power Consumers Conditioned By Investments
Energy

Nita: Planned Cut In Green Certificate Quota For Big Power Consumers Conditioned By Investments

Romanian Economy Minister Constantin Nita on Thursday said the planned reduction in the green certificate quota for large electricity consumers is tied to certain conditions which target inv...

Ecaterina Craciun · 19.06.2014 · 14:20 · 1 min
Romania Drastically Cuts Renewable Energy Aid Starting January 2014
Energy

Romania Drastically Cuts Renewable Energy Aid Starting January 2014

The Romanian Government has decided that wind power producers will receive only 1.5 green certificates for each megawatt of energy delivered to consumers, while solar power producers will re...

Ecaterina Craciun · 16.12.2013 · 19:21 · 1 min
Central Bank Official: The Plan Is To Cut Minimum Reserves, But Gradually
Banks-Insurance

Central Bank Official: The Plan Is To Cut Minimum Reserves, But Gradually

The Romanian central bank’s current board ought to bring minimum reserve requirements closer to the European level (1% as of 2012) by the time a new board takes over starting next fall, said...

Ecaterina Craciun · 11.11.2013 · 09:31 · 2 min
CFR Calatori 1H Loss Narrows To RON139M
Automotive

CFR Calatori 1H Loss Narrows To RON139M

Romanian state-owned railway passenger carrier CFR Calatori registered loss of 139 million lei (EUR31.6 million) in the first half of 2013, down from RON200 million in the similar interval a...

Ioana Tudor · 03.09.2013 · 10:58 · 1 min
Romania’s Privatization Authority To Cut Staff By 25%
Social/Politics

Romania’s Privatization Authority To Cut Staff By 25%

Romania’s privatization authority AAAS, former AVAS, will downsize its staff by 25% by September, from 272 to at most 220 employees, the institution said Monday.

Ioana Tudor · 22.07.2013 · 16:45 · 1 min
Romania To Reduce Phone Interconnection Fees By 30% This Year
Technology &Telecoms

Romania To Reduce Phone Interconnection Fees By 30% This Year

Romanian telecom regulator ANCOM will reduce mobile and landline telephony interconnection fees by more than 30% this year, meaning clients will be charged less for calls outside their netwo...

Radu Bostan · 31.01.2012 · 14:59 · 1 min
Rosia Montana Gold Corporation Cuts Share Face Value To Cover Loss
Companies

Rosia Montana Gold Corporation Cuts Share Face Value To Cover Loss

Rosia Montana Gold Corporation (RMGC) on Wednesday said it will reduce its share capital by 252.7 million lei (EUR58.39 million), to RON359.8 million, from RON612.6 million, by diminishing t...

Andrei Cîrchelan · 26.10.2011 · 16:20 · 1 min
Technology &Telecoms

ANCOM Wants To Cut Interconnection Charges By 30%

Romanian telecom regulator ANCOM on Thursday suggested lowering the interconnection charges in landline and mobile telephony by more than 30%, to 0.67 eurocents/minute and 3.46 eurocents/min...

Radu Bostan · 04.08.2011 · 17:28 · 1 min