Automotive sales increased 20.1 percent in 2015 to 120,591 units, while the national automobile production saw a setback of 1.1 percent from the previous year, declining to 387,177 units, shows data provided by the Association of Automotive Manufacturers and Importers (APIA). Just like in previous years, domestic sales were mainly supported by car purchases by […]
The Liberal Party (PNL) in Romania is gaining momentum and will get more than 25% of the votes in the local elections on June 9, party’s president Nicolae Ciuca stated, adding that “this is a good performance” that entitles the party to nominate its own candidate in the presidential elections. Ciuca has not confirmed he […]
The Romanian Railway Reform Authority (ARF) confirmed Polish company PESA as the winner of a RON 1.1 billion (EUR 224 million, VAT not included) contract for 20 long-distance trains after the Court of Appeal required the Authority to review the tender at the request of Alstom, Economica.net reported. The selection procedure was not repeated,...
Liberty Steel (formerly known as Sidex), Romania’s integrated steel mill and Liberty’s only blast furnace operating in Europe, has again suspended the operation due to the difficult market conditions, Argus Media reported. The blast furnace was reopened in mid-February after...
Romania's natural gas company Romgaz (BVB: SNG) invited shareholders on July 1 to approve the issue of FX bonds in the amount of up to EUR 500 million, as well as the contracting of two bank loans for EUR 150 million (from Banca Transilvania) and EUR 100 million (from Unicredit), according to notes sent by […]
After reaching an all-time high in April (USD 10,000/ton), a far cry from the highs of 2009 and 2011 (USD 3,700/t), cocoa prices fell back to USD 7,000/t once the Easter celebrations were over. However, they remain three times higher than a year ago, and are set to stay there. The rise in cocoa bean […]
The Learning Tapestry. The Future of Education Conference, which will take place on 5 and 6 June in Bucharest is a learning opportunity for entrepreneurs and leaders who understand the importance of developing essential skills today, in today's fast-paced and highly dynamic environment, such as systems thinking, adopting an empathetic leadership style, building and developing […]
