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Lukoil considers closing Petrotel refinery in Ploiesti

Lukoil marketing and distribution vice president Vladimir Nekrasov was in Romania the past days in the middle of the row over Petrotel Ploiesti precautionary attachment. Despite prosecutors’ lifting part of the distraint, Russia warns through the Lukoil official’s voice that ...

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From N. Ireland and Belgium, JTI can move its production to Romania

Japan Tobacco International (JTI) put up for closing the units in Lisnafillan, Ballymena (Northern Ireland) and Wervik (Belgium). The cigarette production could be relocated to other European factories, possibly in Romania and Poland, as BBC informs. Production from the Tier ...

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Romanian banking system, resistant in case of a financing withdrawal shock

Romanian banking sector has a high shock resistance, with medium to high resilience in the event of a withdrawal of finances on a possible worsening of the conflict in Ukraine, the National Bank of Romania (BNR) shows in a report ...

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A new cutting gas imports from Russia. This time by 18 pc

Russian gas supplies to Romania dropped 18 percent on Wednesday compared to normal quantities, said Minister for Energy, Razvan Nicolescu, agerpres.ro informs. “ The quantities are below 0.2 million cubic meters per day. There’s no reason to concern,” said Nicolescu. ...

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Coca-Cola HBC Romania received European Water Stewardship gold award

Coca-Cola HBC Romania has obtained recently the European Water Stewardship (EWS) Standard Certification for its Dorna and Poiana Negri natural mineral water bottling factory, according to a press release. Coca-Cola HBC factory in Poiana Negri is the first natural mineral ...

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IMF cut Romania’s economic growth forecast to 2.4 pc

Despite setbacks, an uneven global recovery continues. Largely due to weaker-than-expected global activity in the first half of 2014, International Monetary Fund (IMF) forecast for the world growth economy has been revised downward to 3.3 percent for this year, 0.4 ...

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PM Ponta – E.ON Group Board Management, strategic meeting

Romanian Prime Minister Victor Ponta met on October 6, 2014, at the Victoria Palace, the Chairman of the Board of Management of E.ON Group, Johannes Teyssen, the government’s press office informs. On this occasion, there were presented the E.ON development ...

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Mark Mobius: Romania to become more competitive. Domestic demand is the key

The World Economic Forum (WEF) recently released its annual “Global Competitiveness Report,” which details the strengths and weakness of 144 countries in myriad factors including education, infrastructure, health and technology. Starting from this idea, Mark Mobius, Executive President of Franklin ...

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New insurance product for Romanian exporters launched by EximBank

EximBank launched a new temporary insurance facility for exports on the European Union and OECD markets, targeted to Romanian companies that are confronted with the fact that private insurers do not cover certain commercial and political risks. According to a ...

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New managers at Tarom, CFR, Bucharest Airports and Metrorex by the end of October

Romania’s Transports Ministry is searching for new managers for state owned airline Tarom, passenger railway company CFR Calatori, railway company CFR SA, the Bucharest Airports Company and subway operator Metrorex. According to a press release, the selection will be completed ...

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