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PM Ponta starts a visit to Republic of Moldova on occasion of the Independence Day

Wednesday, August 27, 2014

Prime Minister Victor Ponta on Tuesday and Wednesday is paying an official visit to the Republic of Moldova, on occasion of the Independence Day celebration on August 27, according to a Government press release.The Romanian Prime Minister will also participate during the visit in the inauguration of the Iasi-Ungheni gas pipeline, a kindergarten built with Romanian funds and the Mobile Emergency Service for Resuscitation and Extrication ...

Azerbaijani DefMin pays official visit to Bucharest

Wednesday, August 27, 2014


Azerbaijani Defence Minister Colonel-General Zakir Hasanov on Wednesday is expected to arrive in Romania on an official visit, in response to an invitation extended to him by his Romanian counterpart, Mircea Dusa, informs a release of the MApN (Romanian Defence Ministry).The visit agenda includes topics of discussion such as the situation in Ukraine, the current stage and prospects of the bilateral relations between Romania and ...

Georgia and Romania discuss situation in Ukraine

Wednesday, August 27, 2014

A telephone conversation took place between the President of Georgia, Giorgi Margvelashvili and Romanian President Traian Basescu. The sides discussed the upcoming NATO summit and the conflict in Ukraine.  Margvelashvili thanked Basescu for not recognizing the presidential elections in Abkhazia. He expressed his gratitude to the Romanian state for supporting Georgia's territorial ...

Consolidated general budget's deficit decreases to 0.2% of GDP, after first 7 months

Wednesday, August 27, 2014


The consolidated general budget's deficit decreased to 0.2% of GDP in the first seven months of this year, compared to 1% of GDP in the same period of the previous year, which creates the prerequisites for meeting the deficit target of 2.2% of GDP for the entire 2014, according to the budget execution published by the Ministry of Public Finance. At end-July 2014, a primary surplus of 0.96% of GDP was recorded, compared to 0.25% of GDP ...

COFACE: Romania's largest companies register 6.3 per cent turnover increase in 2013

Wednesday, August 27, 2014


Romania's largest companies last year recorded a positive evolution in terms of their financial performance, results for 2013 pointing to a 6.3 per cent average increase in turnover and a 3.3 per cent net profit rate, show the Coface data on the ranking of the first 500 companies of Central and Eastern Europe - CEE Top 500 Ranking.'From a regional viewpoint and compared with the EU average, Romania singularised in 2013 by a 3.5 per cent ...

European Commission calls into question Oltchim privatization

Wednesday, August 27, 2014


The European Commission has asked Romania to provide details on the privatization of Oltchim chemicals factory, following suspicions of the state not behaving like a private investor, and taking over Petrom's Arpechim refinery might create advantages to this oil company, Competition Council chair Bogdan Chiritoiu told Agerpres.'There is a suspicion that taking over Petrom's Arpechim refinery would result in advantages for Petrom, which ...

Industrial parks contribute more than 30 percent to Cluj GDP

Wednesday, August 27, 2014


Industrial parks can be the engines of economic growth and multilateral development for a whole area - as proven in Cluj County over the past years.Decision-makers at first considered them with circumspection, but Cluj industrial parks - three operating, and one being built - are centres of excellence supporting various industries, generating significant contributions to the budget, and creating many jobs.In 2000 they were ...

Romavia in bankruptcy

Wednesday, August 27, 2014


  The Romanian aviation company ROMAVIA got bankrupt through simplified procedure, following a decision given at the beginning of August by the Tribunal of Ilfov.Romavia was set up in 1991 in coordination with the Ministry of Defence for air travel, for passengers, goods and mail, in domestic and international traffic as well as for the journeys of ...

Mega Image sold products under own brand worth 122 million euro last year

Wednesday, August 27, 2014


  Sales of products under own brand of Mega Image represented 23% of the total income of the retailer in 2013, 538 million lei (121.8 million euro) respectively says the sustainability report of the owner of the chain, the Belgian group Delhaize.   According to previous statements of the CEO Delhaize Frans Muller the ...

Luxury train Budapest-Tehran stops in Romania

Wednesday, August 27, 2014


Rich people who like traveling by old trains with unexpected destinations could see their dreams come true aboard a luxury train on the route Budapest-Tehran introduced by a branch of Hungarian railroads. “We thought the moment has come once Iran opened to the West recently,” Marcella Beke, sales manager at Nostalgia, a tour operator subordinated to the public company, told AFP on ...

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