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News in Economy
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Romania will register a 1.4 percent growth of its gross domestic product this year, compared to the 2.5 percent last year, and the figure will reach 2.9 percent in 2013, reveal the spring economic forecast of the European Commission released to the media in Brussels. read more...


The Roşia Montană business, in which Gabriel Resources owns 80.7%, and Minvest owns 19.3%, could generate a return of at least 56% of the total for the Romanian government, calculated for a royalty of 6%, analyst Ionel Blănculescu said in an interview. read more...


Romania's exports have increased 15.1% in November 2011 compared to November 2010, according to preliminary estimates of the National Statistics Institute (INS). During the same period, imports have increased 11.2%. read more...


The government needs to hurry privatizations and the appointment of private management at state-owned companies, to decisively change the system where a privileged few enjoy undeserved profit, says Jeffrey Franks, head of the International Monetary Fund’s delegation to Romania. read more...


Romania’s Prime Minister Emil Boc said Friday he is confident that, in the next six months, the Government will attract companies to continue investments in Cluj after the closing of Nokia's factory at Jucu. read more...


Romania’s Government on Wednesday approved, through a decision, the “solidarity basket” program aimed to sell food products at a discount to pensioners, people close to the matter told Mediafax. read more...


Oil and gas companies had the best return on capital ratio in 2010, but a high performance was also registered in the automotive and exporting industries, says National Bank of Romania (BLNR), according to Mediafax. At the same time, the average state-owned companies’ return on capital was negative. read more...


According to a draft law published on the Senate’s website, the private managers that will be employed by state-owned companies will have monthly incomes equivalent to as much as 45 average gross monthly salaries, ‘Evenimentul Zilei’ informs. read more...


Hidroelectrica, Oltchim, SNLO, Electrica Furnizare and Romarm are the first companies under the authority of the Romanian Economy Ministry to have private management, according to an official announcement. read more...


Romania dropped 10 places to rank 77th in the 142-nation global competitiveness rankings compiled by the World Economic Forum (WEF), hotnews.ro informs. Romania totaled 4.08 points on a 1 to 7 scale. In 2010 Romania totaled 4.16 points. read more...




Romania’s Economy ministry will reanalyze the country’s contract with Canada’s Gabriel Resources on the gold mining project in the western Rosia Montana, minister Ion Ariton told a news conference Saturday. read more...


There are premises for an economic growth of 3.5 pc in 2012, yet forecasts very much depend on what happens in the euro zone, Europe, America and other parts of the world, Premier Emil Boc said yesterday, who added that external “turbulence” could result in “slowdown”, Mediafax reports. read more...


Romania and the International Monetary Fund have agreed on a list of 15 state-owned companies which will be run by private managers, IMF mission head Jeffrey Franks said Monday. read more...


The Romanian "solidarity basket" program, approved by the Government, will provide pensioners each month with a package comprising basic food products, like flour, sugar, oil, corn and rice, for the "lowest price possible." read more...


Professor Daniel Daianu was invited in the last days to be part of the European Foreign Relations Councils, a European think tank that reunites about 140 prominent persons from politics and business. The European organization is the equivalent of the Council for European Relations in New York. read more...


Romania’s Economy ministry plans to obtain more than 600 million euro by selling the minority share pack of 9.86% of Petrom, Economy minister Ion Ariton declared on Friday quoted by news agency Agerpres. He said that the ministry hopes to make a successful business by selling its shares at Petrom. read more...


The Social Liberal Union presents on Friday its economic program that might transform in the governing program of the political alliance if it will get the government strings. Social Democratic leader Victor Ponta said that there is an almost generalized perception that it cannot get worse than it is but USL wants to prove that it can get a whole lot better. read more...


Public-Private Partnerships (PPP) do not mean that the Government comes with the plot and then sits around waiting for investors to bring the money, do the project and then share the benefits with the state, although quite a few government officials believe this is how things are. read more...


Romania and Kazakhstan will be the most attractive emerging markets regarding investments in the next four years while their economies will grow, a Renaissance Capital analysis reveals, remitted to HotNews.ro. read more...


President Traian Basescu declared on Monday, in a special edition talk show at the public television TVR that Romania was stabilized macro-economically and is ready for a possible outbreak of the crisis. The President said that by appointing private managers in state owned companies he will shatter trans-party interests. read more...



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