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BUSINESS

EUR 220m contracts for upgrading county roads

reabilitare-drumuri[1]

The Ministry for Regional Development, Public Administration and European Funds (MDRAPFE) has announced the signing of funding contracts worth almost EUR 220 million for upgrading county roads, which are to be rehabilitated and modernised through the Regional Operational Programme 2014-2020. ...

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Vodafone Romania is looking for a new CEO. What happened with Ravinder Takkar?

Ravinder Takkar

After a three-year mandate as CEO and President of Vodafone Romania, a role he took on in May 2014, Ravinder Takkar will be appointed as Chairman Vodafone Group Services, Regional Business Development, a press release informs. He will be responsible ...

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Electricity price for households up by 8pc as of July 1

electricity

The electricity price for household consumers will increase by 8% as of July 1, according to the decision made by the Regulatory Committee of the National Authority for Regulation in Energy (ANRE) on Thursday, the representatives of the institution said. ...

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‘Green’ cars sales up twofold in first five months

electric-and-hybrid-cars

In the first five months of the year, Romanians bought 717 new green cars (100% electric and hybrids), up almost twofold (+185%), against the same period in 2016, when 251 units were sold, the Association of Automobile Producers and Importers ...

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Update: Finance Ministry’s foreign currency reserve – EUR 6.3bn. Estimated budget deficit in 2017 – 3.25pc of GDP

ministerul-finantelor-publice-3

The foreign currency reserve of the Ministry of Public Finance (MFP) is about EUR 6.3 billion and is made available to the State Treasury for prudential purposes, in order to limit the risk of refinancing, a press release informs on ...

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Dow Chemical opens new Polyurethanes Service Center in Brasov to serve Balkans

Dow Chemicals

Dow Polyurethanes, a business unit of the U.S.-based Dow Chemical Company, decided to open a new Polyurethanes Service Center in Romania, located in Brasov County, a press release informs. The centre is a state-of-the-art facility, equipped with the technical and ...

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Craiova’s Ford 1.0 EcoBoost, still the International Engine of the Year

Ford 1.0 EcoBoost

Ford 1.0 EcoBoost, manufactured as of 2012 by the US carmaker in its factory in Craiova, was voted “Best engine sub 1.0-litre ” out of 35 items within International Engine of the Year, the company informs. “Our 1.0-litre EcoBoost engine ...

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