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Transgaz: Romania Needs Another EUR10M To Start Gas Exports To Hungary
Energy

Transgaz: Romania Needs Another EUR10M To Start Gas Exports To Hungary

Romania requires about EUR10 million more to complete its investment in the Arad-Szeged pipeline and start exporting natural gas to neighboring Hungary, an official of state-run gas transpor...

Florentina Dragu · 25.04.2013 · 14:35 · 1 min
Transgaz Sees Good Prospects In Black Sea Gas
Energy

Transgaz Sees Good Prospects In Black Sea Gas

There are “good prospects” in the natural gas reserves potentially available in the Black Sea, the Romanian state-run natural gas transporter Transgaz Medias (TGN.RO) said Thursday.

Florentina Dragu · 25.04.2013 · 14:04 · 1 min
Transelectrica May Lose EUR70M Financing Due To Delays At Serbia Connection Project
Energy

Transelectrica May Lose EUR70M Financing Due To Delays At Serbia Connection Project

Romania’s power grid operator Transeletrica (TEL.RO) could lose EUR70 million in European funds due to delays at its planned cross-border transmission line to Serbia, general manager Stefan...

Florentina Dragu · 25.04.2013 · 13:34 · 1 min
Ponta Says Gelu Stefan Diaconu Will Be Named ANAF Head
Social/Politics

Ponta Says Gelu Stefan Diaconu Will Be Named ANAF Head

Romanian Prime Minister Victor Ponta said Thursday he will appoint Gelu Stefan Diaconu to the position of head of the country’s tax authority ANAF.

Ioana Tudor · 25.04.2013 · 11:18 · 1 min
Romanian Parliament Endorses Financial Supervisory Authority Members
Social/Politics

Romanian Parliament Endorses Financial Supervisory Authority Members

Romania’s Parliament Wednesday endorsed the membership of the country’s Financial Supervisory Authority (ASF).

Ioana Tudor · 24.04.2013 · 13:06 · 1 min
BNR: Private Lending Inches Up To RON223.8B In March
Macroeconomics

BNR: Private Lending Inches Up To RON223.8B In March

Romanian private lending inched up 0.5% in real terms to 223.8 billion lei (EUR51.38 billion) in March, from RON222.7 billion a month earlier, central bank data showed Wednesday.

Florentina Dragu · 24.04.2013 · 12:03 · 1 min
Who’s Taking Modern Retail To Rural Areas?
Retail&Consumer

Who’s Taking Modern Retail To Rural Areas?

The 12 competitors in modern retail have put more than 1,000 stores on Romania’s map, and some of them have lately tried to expand to rural areas, even though still close to big cities.

Oana Gavrila · 24.04.2013 · 00:00 · 4 min
President Signs Bill Setting Up Financial Supervisory Authority Into Law
Banks-Insurance

President Signs Bill Setting Up Financial Supervisory Authority Into Law

Romanian President Traian Basescu on Tuesday signed into law the bill setting up the Financial Supervisory Authority (ASF), the president’s office said in a statement.

Oana Gavrila · 23.04.2013 · 17:43 · 1 min
Romania Raises CFR Marfa Sale Advertising Budget By RON2.5M
Companies

Romania Raises CFR Marfa Sale Advertising Budget By RON2.5M

Romania’s government has raised the advertising budget for the sale of railway freight carrier CFR Marfa to RON2.55 million from a previous RON50,000, hoping to attract a large number of pro...

Oana Gavrila · 23.04.2013 · 17:07 · 1 min