INVESTMENTS

The British mining company Vast Resources ends the first month of 2018 with the agreement of a USD 9.5 million financing with Mercuria Energy Trading SA, its new partner, one of the largest integrated energy and trading companies worldwide.…

Deva City Hall will cut wages by 20 per cent and will lay off approximately 150 employees after the new mayor, Florin Oancea, found that last year's wage fund was three times higher than the money allocated for investments, glasul-hd.com…

President of Romania, Klaus Iohannis, has promulgated the State Budget Law and the State Social Security Budget Law on Wednesday, a presidency release informs. President Klaus Iohannis draws attention to the vulnerabilities of the budget…

E-Distributie Muntenia invested almost RON 18 million (EUR 4.6 million) this year for the modernization of the power supply points and secondary stations in Bucharest and for integrating them in the Telecontrol system, thus achieving…

OMV Petrom, the largest oil and gas producer in Southeastern Europe, has completed two new gas processing and compressing stations in Vrancea and Valcea counties, following an investment of over EUR 130 million, a press release informs.…

The Government has approved on Wednesday the draft budget for 2018, which is based on a 5.5% economic growth, an average annual inflation of 3.1%, an average exchange rate of RON 4.55/EUR and a monthly net average earning of RON 2,614. The…

The National Statistics Institute (INS) has issued a release on Tuesday reading that the high economic growth was driven by the increased household consumption by 9.7%, which led to 6.1% GDP increase, but also by investments (up by 3.8%),…

The consolidated state budget deficit has decreased to RON 6.6 billion (0.79% of the GDP) in the first ten months of the year, down from RON 6.8 billion (0.81% of GDP) in the first nine months, the Ministry of Finances informs. As…

US tobacco giant Philip Morris announced the start of manufacturing HEETS, the tobacco units used with the electronic tobacco heating device IQOS in its facility in Otopeni, near Bucharest, as a press release shows. By the end of 2018,…

Italian Enel Group will invest in Romania about EUR 565 million in the 2018-2020 period in the electricity distribution infrastructure, according to data provided by Livio Gallo, Director of Enel Infrastructure and Networks Division, during…