Romanian villages and communes should be revitalised and developed by economic and human inflows, European Commissioner for Regional Policy Corina Cretu said Monday. ‘In my opinion, a development programme for communes and small towns is important to Romania. To this end, I want to inform you first that I and the commissioner in charge with [...]
The longest summer sledding track in Romania is set to open in the mountain town of Sinaia, some 120 km north of Bucharest, most likely around August 1. The investment is valued at RON 12 million (EUR 2.4 million). The town, which also hosts the famous Peleș Castle, is currently most popular during the winter […]
Commissioners from Romania’s Consumer Protection (ANPC) imposed fines of RON 161,000 (EUR 32,300) on several businesses in Bucharest’s Gara de Nord (North Railway Station) after irregularities were found during inspections. ANPC visited the major transit hub on Thursday, March 27. Aside from the fines, the agency temporarily suspended the activities at a number of establishments […]
Romania will work with Turkey and Bulgaria to monitor compliance with the Russian-Ukrainian 30-day ceasefire in the Black Sea (if it eventually happens), interim president Ilie Bolojan said at the end of the Paris summit of the "Coalition of the Willing." He also said that the decision on "a numerical increase in NATO forces on the […]
Romania’s main natural gas producer, Romgaz (BVB: SNG), plans to pay a dividend with a yield of just 2%, according to Profit.ro quoting a company’s note to investors. The Board of Directors of Romgaz (SNG) convened the shareholders for...
The Romanian hydropower group Hidroelectrica (BVB: H2O) called shareholders on April 29 to approve the distribution of RON 4 billion as dividends, according to a note to investors. The proposed dividend accounts for almost the entire RON 4.1 billion net profit achieved last year. The gross dividend per share is to be set at RON […]
OMV Petrom, one of Ukraine's largest gasoline suppliers, has started shipping gasoline to Ukraine by road, whereas until now, transport was only done by rail, Economica.net announced, quoting Ukraine's Enkor. The declared capacity of the new source is 5,000 tons per month and the terminal serves vehicles...
