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PM Ponta, U.S. Vice President Biden discuss strategic partnership in phone call

Thursday, October 23, 2014

Romanian Prime Minister Victor Ponta had a phone call with United States Vice President Joseph Biden on the latter's initiative on Tuesday, the Government's press office announced in a release on Wednesday.   'The two senior officials discussed ways to develop the Strategic Partnership between ...

Corlatean at the meeting with Jens Stoltenberg: the decisions of the NATO summit regarding Russia to be kept

Thursday, October 23, 2014

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 Titus Corlateanu met, on Tuesday,in Brussels with the new head of NATO Jens Stoltenberg, the minister of foreign affairs focusing on the necessity to keep the decisions adopted at the summit in September regarding the relation with Russia, showing that there are no conditions to revise them. On the occasion of the meeting, there were presented the results of the NATO summit in the UK ( 4-5 September), the Romanian minister for foreign affairs mentioning ...

PM Ponta: Private financial markets trust Romania more than we do

Thursday, October 23, 2014

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Private financial markets trust Romania more than we do, Prime Minister Victor Ponta declared on Wednesday at the government offices of Victoria Palace; he was referring to the country's bonds issue at an interest rate below 3 percent, the press office of the Executive informed .'It's a favourable international context for Romania. ...

Ludwik Sobolewski (BVB) :Our strategy will dramatically improve Romania's risk profile

Thursday, October 23, 2014

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The development of Romania's capital market is to be the focus of a conference hosted by the European Bank for Reconstruction and Development (EBRD) at its headquarters on Wednesday and organised in cooperation with the Bucharest Stock Exchange (BSE) and Bloomberg, at the EBRD headquarters in London, informs a press release of the international ...

Lazea (BNR): We cannot hope for high-tech industry without an in-depth reform of education

Thursday, October 23, 2014

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Industry has a significant share of Romania's gross domestic product and its weight thereof is growing, but on the other hand it relies just on low or medium technology and in order to hope for high-tech industry Romania must first undertake a thorough reform in education, chief economist of the National Bank of Romania Valentin Lazea told an ...

Romania has issued for the first time euro-denominated bonds on the foreign capital market

Thursday, October 23, 2014

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Romania has issued for the first time euro-denominated bonds on the foreign capital market at an interest rate below 3 percent, the Government's Press Office reports in a release on Wednesday. "Romania issued bonds with 10 month-maturity, worth 1.5 billion euros, the yield being 0.72 percent lower compared to the 3.701 percent p.a. ...

Egypt bought 60,000 tons of Romanian wheat for a price of 15.2 million dollars

Thursday, October 23, 2014

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 The Egyptian authorities bought on Tuesday 60,000 tons of wheat from Romania for which they paid almost 15.52 million dollars slightly under the price of 15.6 million dollars paid for a similar quantity at the beginning of September. The 60,000 tons of Romanian wheat were bought from the trader Nedera, according to an announcement posted on the site of the General Authority for Acquisitions (GASC). The price per ton was 258.62 dollars against 259.88 dollars ...

Mutual CEE-British cooperation in Energy Can Result in Contracts Worth Billions Pounds

Thursday, October 23, 2014

Central & Eastern Europe (CEE) will benefit from £115 billion (over €145 billion) in EU funding between 2014 and 2020, a significant part of which will be allocated to the funding of energy infrastructure projects. Romania will obtain a proportion of these resources, as it is – together with the eight other countries of CEE – one of the most attractive countries in terms of energy sector ...

Romania has invested USD 1 bln in nuclear reactors 3-4 at Cernavoda

Thursday, October 23, 2014

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Razvan Nicolescu, the delegate minister of energy, said the development of two nuclear reactors in Cernavoda will continue “no matter what  the situation is” after Romania has already invested USD 1 billion in the project.Nuclear energy is critical for Romana’s energy mix, covering roughly around 20 percent of the electricity consumption each year.   “Up to now USD 1 ...

Environment: Commission takes Romania to Court over toxic tailing pond

Thursday, October 23, 2014

The European Commission is taking Romania to Court for a failure to comply with EU legislation on mining waste (i.e. waste resulting from the extraction, treatment and storage of mineral resources and the working of quarries).   The case concerns the Bo?neag pond, a 102-hectare tailing pond that holds waste extracted from copper and zinc mines in Moldova Noua, Romania, and which is currently in a state of almost ...

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