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Finance Ministry Names Three New Representatives To Transgaz’s General Assembly Of Shareholders
Energy

Finance Ministry Names Three New Representatives To Transgaz’s General Assembly Of Shareholders

Romanian lawyer Remus Vulpescu, former head of the country’s state assets privatization office OPSPI, was appointed at the end of May as the Finance Ministry’s representative to the General...

Ioana Tudor · 12.06.2013 · 14:53 · 1 min
Oltchim Expects 53% Drop In 2Q Sales
Energy

Oltchim Expects 53% Drop In 2Q Sales

Romanian insolvent chemical company Oltchim Ramnicu Valcea (OLT.RO) expects its sales will drop 53% on the year to 134.4 million lei (EUR29.7 million) in the second quarter, the company’s le...

Florentina Dragu · 12.06.2013 · 13:38 · 1 min
Romania May Have Several Universal Postal Services Providers
Companies

Romania May Have Several Universal Postal Services Providers

Universal postal services in Romania might be ensured by one or more postal operators selected by telecom market regulator ANCOM for a period that will not exceed ten years, as state-owned p...

Ioana Tudor · 11.06.2013 · 15:57 · 1 min
Green Energy Market Still Alluring, Despite Law Amendments - Lawyers
Energy

Green Energy Market Still Alluring, Despite Law Amendments - Lawyers

Romania remains an attractive market for green energy projects despite the authorities’ recent decision to curtail state support for producers, according to representatives of TPA Horwath an...

Florentina Dragu · 11.06.2013 · 15:34 · 1 min
EIA: Romanian Shale Gas Resources Enough To Meet Consumption For 100 Years
Energy

EIA: Romanian Shale Gas Resources Enough To Meet Consumption For 100 Years

Romania has enough shale gas resources to meet consumption needs over the next century, according to estimates from the US Energy Information Administration, or EIA.

Florentina Dragu · 11.06.2013 · 13:39 · 1 min
Economy Minister: Enterprise Financing In Romania 4 Times More Expensive Than In Germany
Social/Politics

Economy Minister: Enterprise Financing In Romania 4 Times More Expensive Than In Germany

Economy Minister Varujan Vosganian said on Monday at ZF Live, the business show broadcast daily on zf.ro from 10:00 to 11:00 every morning that bank financing has become a problem for Romani...

Oana Gavrila · 11.06.2013 · 08:33 · 1 min
Ponta Says 16% Flat Tax Will Remain Unchanged During USL Mandate
Banks-Insurance

Ponta Says 16% Flat Tax Will Remain Unchanged During USL Mandate

Romanian Prime Minister Victor Ponta said Monday in Berlin the 16% flat tax will be kept unchanged during the four-year mandate of social-liberal ruling coalition USL, to guarantee the stabi...

Ioana Tudor · 10.06.2013 · 17:53 · 1 min
Main Changes To Romania's Green Energy Law
Energy

Main Changes To Romania's Green Energy Law

A controversial emergency ordinance, recently adopted by the Romanian government, which amends the law on the production of renewable energy, has been published in the Official Journal.

Ioana Tudor · 10.06.2013 · 15:33 · 2 min
Romania’s Revised Green Energy Support Leaves Out Exemption For Large Consumers
Energy

Romania’s Revised Green Energy Support Leaves Out Exemption For Large Consumers

Romania’s newly revised support scheme for renewable energy producers has left out a previous stipulation under which industrial consumers would be exempted from paying part of the productio...

Florentina Dragu · 10.06.2013 · 14:56 · 1 min