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Nuclearelectrica signed new uranium procurement contract with Cameco; the price is at market level


Nuclearelectrica (SNN) has inked new uranium procurement contract with Cameco, as the Canadian company’s offer had a price substantially lower than that of National Uranium Company (CNU), the state-owned company points out in a press release on Thursday. The new ...

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CNP sees an economic growth of 5.5 pc for Bucharest – Ilfov in 2016


The National Commission for Economic Forecasting (CNP) estimates an economic growth of 5.5 percent for the Bucharest – Ilfov area this year, the highest among all regions of the country. However, this economic growth will decrease in 2017 and 2018 ...

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DTZ Echinox: 2016, the best year of the local real estate market since 2008

DTZ Echinox

The retail, offices and logistics spaces that were handed over this year stood at 956,000 square meters, up by 88 percent compared to 2015, therefore marking the best year of the local real estate market since 2008, DTZ Echinox analysis ...

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Natural gas imports to cover a quarter of Romania’s consumption in January


Gas imports will cover a quarter of country’s consumption in January and the population will use 4.35 percent of Russian gas, the National Authority for Energy Regulation (ANRE) informs. Thus, out of the total gas demand, estimated at 19.9 million ...

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Managers in Romania forecast a decline of businesses in trade and constructions early next year


According to the recent business tendency survey of December 2016, conducted by National Institute of Statistics (INS), managers from the manufacturing industries forecast relative stability of the production volume (balance -5 percent). For the manufacture of tobacco products, a more ...

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OMV Petrom assets sale to Mazarine Energy, in Competition Council’s attention


The Competition Council (CC) is investigating the deal between OMV Petrom, the largest oil and gas producer in Southeastern Europe and Mazarine Energy Romania for 19 oil fields and three rigs, in order to establish whether it complies with competition ...

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Consolidated state budget deficit up in November to 0.73pc of GDP


The consolidated state budget deficit increased four times in November, the execution of the budget in 11 months concluded with a deficit of RON 5.5 billion, against a negative balance of only RON 1.3 billion during the first 10 months ...

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