French investors in Romania predict a limited impact of the crisis on turnover
The member companies of the French Chamber of Commerce, Industry and Agriculture in Romania perceive a limited impact of the…
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Virgil Popescu: The economy has a contraction of 30-40%
The economy has a contraction of between 30 and 40%, and after the peak of the epidemic has been reached…
OMV and Mastercard support five hospitals in Romania with food
OMV Petrom, the largest energy company in South-East Europe, continues to support the efforts of healthcare professionals in the fight…
Rompetrol Bulgaria opened its 56th gas station in the city of Shumen
Rompetrol Bulgaria, a company member of KMG International, officially opened a new gas station in Shumen, town situated 90 km…
Feexers app – an Uber for home services (Energynomics Magazine)
One of the trends constantly confirmed in recent years is the decentralization of energy expertise and decision-making. In the field…
The state blocks the sale of majority packages of energy companies
Bogdan Tudorache Romania has forbidden the sale of the majority shares within the energy companies during the state of emergency,…
EximBank launches a new insurance product for exporters in the context of the COVID-19 pandemic
EximBank launches a new short-term insurance product for the Romanian exporters on behalf of the Romanian state, which allows the…
Michelin gradually resumes production at the metal cord factory in Zalău
The tire manufacturer Michelin is progressively resuming production at the metal cord factory in Zalău, the tire factory in the…
Over 150,000 individuals and about 10,000 companies requested to defer the payment of the loan rates
Over 150,000 individuals and about 10,000 companies have so far requested to defer the payment of credit rates, the deadline…
Rompetrol continues to support the fight against covid-19 pandemic, through a partnership with Romanian Red Cross
KMG International, under Rompetrol brand, concluded a partnership with the National Society for Red Cross Romania to buy a mobile…
The annual inflation rate remained at 3% in March
The annual rate of inflation remained at 3% in March of this year, given that food commodities increased by 5.11%,…
The SME aid scheme should become operational next week
The aid scheme for SMEs should become operational next week, with banks having time until Monday to register, said Finance…
Foreign retailers continue to invest the 1 billion euro scheduled for 2020
Large stores such as Kaufland, Lidl, Profi, Mega Image and Penny Market are moving ahead with planned investments for 2020…
EU provides financial support of over 15.6 billion euro to partner countries
The European Commission presented plans for a strong and well-targeted response from the European Union to support the efforts of…
Havrileț: PPAs can be concluded from January 1; companies, however, avoid violating Law 123
Bogdan Tudorache Although the new European directives allow power purchase agreements (PPAs) to be concluded in theory, energy businessmen claim…
Transelectrica will waive the provisory management; Cătălin Nițu, president of the Directorate for two months
Bogdan Tudorache Transelectrica announces that it will waive the provisory management, and will finalize the “selection procedure of the members…
The annual meeting of E.ON shareholders will take place online for the first time
E.ON has set May 28th as the new date for this year’s Annual Shareholders Meeting. This is in accordance with…
Ministry of the Environment: Applications for car subsidy programs are submitted exclusively online
The submission of the funding files for accessing the “Rabla Classic” and “Rabla Plus” programs is done exclusively online, and…
Saudi Arabia buys stakes worth $1 billion in European oil companies
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has accumulated stakes worth about $1 billion in four major…
CFA Romania: The economic impact of coronavirus will be strongly felt until Q4
Almost half of CFA Romania’s analysts (48%) anticipate that the economic impact of coronavirus will be strongly felt by the…
Ministry of Labor: More than 1 mln. labor contracts have been suspended since the declaration of state of emergency
A number of 1,030,973 individual employment contracts have been suspended since the entry into force of the state of emergency…
Dacia to progressively resume production from April 21; from May 4th it returns to normal activity
“In accordance with the social partners and out of respect for the protection and safety of the employees, all the…
World Bank forecasts that Romania will register a growth of 0.3% in 2020
The World Bank has revised significantly the estimates of the Romanian economy’s advance this year, up to 0.3%, from 3.8%…