Romanian Government Approves Memorandum With Rompetrol
The Romanian Government has adopted in its Wednesday meeting the decision approving the memorandum of understanding (MoU) with oil group Rompetrol.
At the end of the meeting, the government announced that the decision approving the memorandum ends all legal disputes between the Finance Ministry and The Rompetrol Group amiably and mutually beneficial.
Under the agreement, Rompetrol pledges to buy a 26% stake in Rompetrol Rafinare from Romania’s state assets privatization office OPSPI for $200 million. Also, Rompetrol and the Romanian state agree to set up a joint investment fund to be 80%-owned by The Rompetrol Group and 20%-controlled by the state.(Gandul)
No Takers At Romanian CE Oltenia’s Electricity Auction
Romanian state-run energy holding CE Oltenia failed to sell a planned 1.48 million megawatt-hours of electricity on the local energy exchange Tuesday due to lack of offers.
The company had hoped to raise RON273.3 million in 11 auctions, held on OPCOM. CE Oltenia holding was found in 2012 following the merger of mining company Societatea Nationala a Lignitului Oltenia and thermal power producers Turceni, Craiova and Rovinari. (Gandul)
First Heating Bills In 2014 Hit Record Highs
Although the price of gigacalorie remained unchanged in many Romanian counties in 2014, the budgets of numerous families were overwhelmed by the heating prices.
In Cluj and Bucharest, people pay the lowest heating price (RON165-RON170/gigacalorie), while in Constanta, Piatra Neamt or Caras Severin, the price is double (over RON350).
In Bucharest, despite the subventions, network losses boost heating bills to record highs (over RON700 for a three-room apartment). Nevertheless, some people pay the same heating bills like in the previous years (RON300 for a four-room apartment).
„Soc la primele facturi de încalzire din 2014: “Suntem cocosati, desi a fost cald” (Evenimentul Zilei)
Flu Remedies Help The Virus Breed Faster-Study
Cold and flu remedies may make people feel better by lowering their temperature but they may also make the bug easier to spread to friends and colleagues, according to a study cited by dailymail.co.uk.
Scientists say that aspirin, paracetamol and ibuprofen make the person taking them feel better, but also help the virus breed faster, so that more people will catch it. (Curentul)
Bucharest Court Of Appeals Postpones Registration Of People’s Movement Party By One Week
Bucharest Court Of Appeals postponed by one more week the registration of People’s Movement Party (PMP), so that the party may not be registered in due time in order to be able to participate in the elections for the European Parliament.
Numerous legal contests, submitted by members of the ruling coalition USL and obscure non-governmental organizations, triggered a new delay in registering the PMP at the court. (Evenimentul Zilei)
Number Of Shopping Mall Visitors Higher As Of 2012 – DTZ
The number of visitors in Romanian shopping centers resumed the upward trend as of 2012, with a major contribution from people born between 1981 and 1987, but the benefic effect of the higher number was annulled by the decrease in the average shopping level, according to a DTZ Echinox release.
The general approach towards retail changed after the maturing of “generation Y” (people born between 1981 and 1987), which was the first generation familiar with the forerunner of the modern retail, which fully benefited from technology progress and which focused mainly on IT and banking jobs. (Curentul)