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BUSINESS

VIG’s gross written premiums in Romania, up by 30.3 pc at end-Q3

gross-written-premiums

Vienna Insurance Group (VIG) subsidiaries recorded good gross written premiums growth in many markets after the first nine months of the year, such as in Romania (+30.3 percent), up to EUR 391.8 million, a press release informs on Tuesday. Important ...

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Competition Council to launch the prices monitor

competition council

The Competition Council (CC) will launch on Thursday the ‘prices monitor’ website that will display the prices by major retailers for products that are part of the Romanians’ daily basket. Basically, the ‘prices monitor’ is a tool for monitoring the ...

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Bucharest Stock Exchange to launch InvestingRomania.com

investors

Bucharest Stock Exchange (BVB) is preparing to launch a portal for investors who will feature in one place, all information relating to a company of which an investor needs, such as mandatory briefings, other company’s data, news release about the ...

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FP disagrees with the renewal of Nuclearelectrica’s Board mandates

nuclearelectricas-board

Fondul Proprietatea (FP) strongly opposes the proposal of Nuclearelectrica’s Board to renew its mandate and maintain the same Board members and General Manager for another four-year term from  April 25, 2017, as put forward for shareholder approval at the company’s ...

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ENGIE Romania acquires Cofely Building Services & Maintenance

engie

Local subsidiary of ENGIE, French multinational electric utility company, buys Cofely Building Services & Maintenance, a press release informs on Tuesday. Following the acquisition, the company will be renamed ENGIE Building Solutions and will provide energy services and consumption efficiency ...

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Route for the last two sections of Sibiu-Pitesti highway approved

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The National Company for Administration of Road Infrastructure (CNAIR) has approved on Monday the route for the last two highway sections of Sibiu-Pitesti highway, Transport Minister Sorin Buse has announced on Tuesday. The minister revealed that the entire route for ...

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Enel to invest EUR 200m in Romania for digitalization by 2019

digitalization

Italian company Enel will invest in Romania EUR 200 million during 2017-2019 for the networks and equipments’ digitalization, according to the strategy adopted for the following three years by the company. The strategic plan includes total investments at world level ...

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Romania to have 5.1pc economic growth in 2016, World Bank says

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The World Bank has significantly improved estimates regarding the Romanian economy’s growth up to 5.1% from 4% in June, according to the Economic Report for Europe and Central Asia released on Tuesday. The World Bank warns the growth this year, ...

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Domestic motor vehicle production fell by 8.3pc in ten months, Dacia Duster the only model registering increases

dacia duster

In the first ten months of 2016 some 301,538 motor vehicles were produced, by 8.3% less than during the similar period last year. All models registered decreases, except for Dacia Duster, the Automotive Manufacturers and Importers Association (APIA) informs, according ...

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Bucharest risks infringement procedures due to the law on 51pc share of Romanian foodstuff in supermarkets

achim irimescu simple motion

Romania risks an infringement procedure if the law regarding the sale of foodstuff in supermarkets in a share of 51% Romanian products from the short food supply chain is not amended, Agriculture Minister Achim Irimescu said on Monday. “We have ...

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