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BUSINESS

Survey: Romanian organic fruit and veggies, ignored by retailers

None of the major retailers in Romania commercializes autochthonous organic fruits and vegetables, and there is just one brand of organic milk on the shelves of supermarkets and hypermarkets, so the support of these products stays at declarative level, according ...

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Net investments in national economy decreased by 5.9 pc

From January to September 2014, the net investments in the national economy decreased by 5.9 percent, compared to the same period in 2013, National Statistics Institute (INS) data reveal. In Q3 2014, the net investments in the national economy increased by ...

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Fondul Proprietatea reiterates its commitment to listing on London Stock Exchange

Franklin Templeton, Fund Manager of Fondul Proprietatea expressed its disappointment that the Romanian Financial Supervisory Authority (ASF) has failed to approve the new regulation regarding the listing of funds on foreign European Union Markets through the Depositary Interests (“DIs”) of ...

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Gas price for householders to remain unchanged until next year’s July 1st

The price of natural gas produced in Romania and consumed by the population will not increase by July 1st, 2015. The Government and Regulatory Authority for Energy (ANRE) will develop a new gas market deregulation graphic, for July 1st, 2015- ...

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Romania’s shadow economy can be lowered by EUR 14 bn over the next seven years – study

In Romania the shadow economy can be reduced up to 9.9 percent cumulatively over the next seven years, representing about EUR 14 billion, if several measures, successfully adopted in other countries, will be gradually implemented, according to a recent PriceWaterhouse ...

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Ponta Gov’t gets IMF endorsement for the third budget revision

Government approved the third budget revision this year on Wednesday session at Victoria Palace, as a result of a better absorption of the EU funds and higher collections to the budget. Prime Minister Victor Ponta said the International Monetary Fund ...

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GDP, up 1.8 pc in Q3, but in slight drop than previously estimated

Industry, agriculture, IT&C had the greatest contribution.   Gross Domestic Product (GDP) grew 1.8 percent in the third quarter compared to the previous, slightly under the 1.9 percent estimated growth. Romania’s economy grew 3 percent in the same period in ...

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Romania, the highest gasoline prices by country – survey

Romania is among the countries with the highest cost of gasoline in the world, calculated according to buying power, ranking the 11th place after price per gallon (four liters) of gasoline in average daily income – USD 6.14 – and ...

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