The Romanian state owns 216 companies, which represent about 7% of the country's GDP, generated by these companies and 83,000 employees, said Mihai Calin Precup, secretary of state in the Ministry of Public Finance on Thursday, at “Roinvest”, an event organized by News.ro in partnership with Team Innovation Media and Plurivox, PR and communication agency. In the past months, the government decided to reduce the distribution of dividends to the central budget to back investments at the level of strategic companies. From among energy producing companies, he mentioned Romgaz, Nuclearelectrica and Antibiotice Iasi in the health sector, which benefited from dividend cuts from 90% to 50%, which led to a stock plus of 900 million lei for investments of those companies. “The government's role is to identify priority projects for Romania, to structure their financing and after that to leave private companies to manage and develop them. The government;s role is to make sure that the invested money had a multiplying effect, with higher impact on real economy,”the secretary of state added. He said that quality human resources are needed to get involved in national projects and in state institutions. “Roinvest”was organized by News.ro news agency, in partnership with Team Innovation Media and Plurivox PR and communication agency.
Roborock, a global leader in home robotics engineered to simplify daily life, announces its participation in CES 2025 with its "Rock a New Era" theme, inviting consumers and industry observers to discover a new world of highly intelligent smart home cleaning led by its new Saros flagship series, featuring its latest R&D breakthrough, the Roborock […]
Floria, a benchmark brand in the Romanian floristry market, continues its expansion in the shopping centers of the capital and has opened a new franchise flower shop. Following its locations in Promenada Mall, Băneasa Shopping Center, Plaza Romania, AFI Cotroceni, and Sun Plaza, the new flower shop in Bucharest Mall, opened with an investment of […]
Romania's radical party AUR (Alliance for the Union of Romanians) is set to hold a large-scale protest for “freedom and democracy” on January 12 in Bucharest, marking their opposition to the annulment of the presidential elections by the Romanian Constitutional Court. AUR is also holding the event to signal their disapproval of incumbent president Klaus […]
The Romanian Ministry of Energy announced that the volume of natural gas exported from the Neptun Deep perimeter to Germany, under a contract previously reported by media, will represent less than 1% of the total estimated production of the Black Sea field, which has estimated reserves of over 100 billion cubic meters of natural gas, […]
For the Romanian IT companies, an important sector in the local economy, 2024 meant fewer new contracts, a much longer time needed to attract new business, increased labor costs amid legislative changes, and an unfavorable global context, according to a report filed at the end of last year by the management of the Employers' Association […]
German company Schieffer Industries will build a plastic components factory for the automotive industry on a plot of land at the entrance to the municipality of Hunedoara in Romania. Works on this investment are expected to be completed in the fall of this year so that production can start at the end of 2025, the […]
