Project: The United States could allocate a billion dollars to Eastern Europe
A Republican Congressman has tabled a bill that, if adopted, will require the US Government to engage, financially and diplomatically,…
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General Interest
Bitcoin’s energy consumption equalled that of Hungary in 2018
Bitcoin miners consumed as much as energy in 2018 as Hungary, according to Alex de Vries. The researcher at the…
Continental Romania invests 240 mln euro in 2018, eyes urban mobility projects
Automotive parts supplier Continental Romania said on Thursday it has invested 240 million euro ($271 million) in 2018 and will…
Energy Strategy: Romania needs 15-30 bln euros in energy investment by 2030
Romania’s energy sector needs as much as 30 billion euros ($34 billion) of investment in power, oil and gas production,…
Szijjártó: Hungarian firms have signed contracts with ExxonMobil and OMV
Hungarian Foreign Minister Péter Szijjártó said on Thursday in Târgu Mureş that Hungary wants to buy natural gas from Romania,…
Petrom offers a dividend yield of over 7%
OMV Petrom distributes a gross dividend of RON 0.0270 per share due to the net earnings it gained last year.…
Amonil is trying to block the bankruptcy decision
Former fertilizers company Amonil of Slobozia appealed against this decision of the bankruptcy court. Previously insolvent, it went into bankruptcy,…
Oil prices go up to the maximum of the last four months
The Brent oil price climbed to the highest level in the last four months on Thursday, backed by OPEC’s cuts…
The Finance Minister expects a favorable rating from S&P
The Standard & Poor’s rating agency (S&P) will publish a final report in a few days and will be a…
The Minister of Transport announces a new amendment to the procurement law
The Procurement Law will be amended, and one of the amendments will stipulate that a company that has not participated…
ASF adapts its GDR regulation to allow Electrica, Romgaz, FP and Petrom to remain listed at LSE
The Financial Supervisory Authority (ASF) of Romania has launched a draft regulation to adapt the current regulatory framework to Brexit…
Christina Verchere keeps the helm of Petrom until 2023
The OMV Petrom SA Supervisory Board granted new mandates to the following members of the OMV Petrom Directorate for a…
Steven van Groningen: The side effects of GEO 114 worry us most
Companies have postponed their investment plans due to GEO 114/2018, and that should worry the most, says Raiffaisen Bank’s president,…
TeraSteel, double-digit growth in 2018
TeraSteel, part of the TeraPlast Group, one of the leading manufacturers of thermal insulated panels and turnkey warehouses in Romania,…
Ovidiu Demetrescu: There is no national strategy to focus on electromobility
Before developing a national electric car program, Romania should focus on urban mobility, says Ovidiu Demetrescu. “At this point we…
Delgaz Grid specialists practice training in virtual reality
The virtual reality learning system at Delgaz Grid’s Education Center in Suceava simulates a three-dimensional space that faithfully reproduces an…
After Italy, Turkey’s economy enters technical recession
Turkey, a major emerging economy once perceived as a rising star by international investors, entered a technical recession (two consecutive…
Annual inflation rose to 3.83% in February
Consumer prices rose by 0.79% in February 2019, compared with the previous month, while annual inflation rose to 3.83%, amid…
Global partnership for artificial intelligence technologies in irrigation
Valmont® Industries, Inc., a leading global provider of engineered products and services for infrastructure and irrigation equipment for agriculture announced…
Tesla is raising prices after backtracking on store closures
Tesla will raise the price of its vehicles after going back on a recent decision to close most of its…
Fiscal Council: The budget deficit will reach 3.5% of GDP in 2019
The latest version of the 2019 budget provides for higher spending by more than 2 billion lei, following the introduction…
The sovereign fund will reduce budget revenues by 4.7 billion lei
The Sovereign Development and Investment Fund (FSDI) will reduce revenues to the state budget by 4.7 billion lei, according to…
