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Petroleum companies on the announced Gov’t ordinance: Most affected will be the small producers

The Romanian Petroleum Exploration and Production Companies Association (ROPEPCA) has reacted to the announcement made by the Finance Minister and argues the capping of natural gas price from domestic production to RON 68/MWh until 2022, will affect first of all ...

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Telecommunication operators react: Gov’t proposals will affect all internet, telephony and TV services users

The telecommunications companies Orange, Vodafone, Telekom – members of the Association of Mobile Operators in Romania (AOMR) and the companies RCS&RDS and UPC Romania, as well as the 65 companies with the Association for Electronic Communications in Romania (ACER), have ...

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Dragnea promises investments of billions of euros

PSD chairman Liviu Dragnea has mentioned an investment fund of EUR 10 billion within the party’s Executive Committee held on Monday. The statement comes amid the information that the Government has decided to supplement the budget of the Labour Ministry ...

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Futureal Group exits retail project ParkLake and powers ahead in the real estate market of Bucharest through Cordia, its residential investment division

Futureal Group announces an exit worth 19 million euros from the retail project ParkLake, developed by Sonnae Siera and Caelum Development. Futureal participated in the development of ParkLake by financing Caelum Development, the latter controlling 50% of the shopping center. ...

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Gov’t approves second budget rectification this year. RON 9.5bn additional revenues, higher expenses by RON 10.7bn

The Government has approved on Friday the second budget rectification this year, with additional RON 9.5 billion in revenues and RON 10.7 billion in expenses, Finance Minister Eugen Teodorovici said at Victoria Palace. “Budget rectifications are made in order to ...

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