STRATEGY
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Banks Could Increase Interest Rates For Old Homes Bought Through First Home Program
Finance minister, Anca Dragu, said Thursday that banks could increase interest rates for old homes bought through government-guaranteed mortgage lending First Home program, but the down paym...
Electricity Prices for Romanian Households Up 50% By 2030 - Energy Strategy
Electricity prices for Romanian households will be 50% higher by 2030, from EUR127/MWh in 2015 to EUR195/MWh in 2030, according to Romania’s Energy Strategy for 2016-2030, launched for publi...
First Home Program Guarantee Ceiling To Be Raised In September
The budget for the government-backed mortgage lending First Home program will be raised in September and a five-year strategy for the program will be completed in October, so prospective buy...
Austrian OMV Group To Focus On Russia And Iran After Its Profit Halved In 4Q/2015
Austrian OMV Group, which controls Romania's largest company OMV Petrom (SNP.RO), will be focusing on Iran and Russia, considering that the decline in oil prices affects the profitability of...
Grawe Wants To Start Selling Comprehensive Auto Insurance Next Year
Grawe, a medium-sized insurer in Romania, intends to enter the comprehensive auto insurance market next year and will apply for a license to do it by the end of December, chief executive off...
Bitu, ING: We’re Pursuing Organic Growth
ING Bank intends to continue its organic development strategy over the coming period, since growth drivers still exist, but does not rule out potential acquisitions or consolidation opportun...
Minority Holder Seeks to Postpone Romania Nuclear Reactor Investment
Romanian investment fund Fondul Proprietatea (FP.RO), which owns 9.1% in nuclear power plant operator Nuclearelectrica (SNN.RO), wants to postpone the signing of a memorandum for the constru...
Gerea: Romania Lacks Energy Strategy But So Does Europe
Romanian Energy Minister Andrei Gerea said Tuesday at the Mediafax Talks about Energy conference that while Romania doesn't yet have an energy strategy, neither does the European Union.
Who Is OMV Petrom’s New Strategy Director
Romania’s largest oil and gas producer, OMV Petrom (SNP.RO), appointed Mihaela Urzica as strategy, corporate development and investor relations director this March.