September 20, 2018

2012 harvest below that reported in 2011 – Romania’s agriculture minister

Agriculture minister Daniel Constantin said this Friday that Romanian farmers will harvest this year 2.6 tons of wheat per hectare compared to 3.5 tons last year. He added that this year’s wheat production … [Read more...]

Russian grain export restrictions could lift world prices

Russia may ban wheat exports, thus lifting grain prices even higher. In 2010, Russia banned exports in 2010 to protect food security in the huge bread-consuming region. Now Russia is in drought, compounding … [Read more...]

BRD net profit falls on high risk cost

The net profit of BRD – Groupe Societe Generale fell by 87.8 % year-on-year to RON 39.4 million ( EUR 8.8 million) in the first semester, after the net cost of risk more than doubled to RON 714 million … [Read more...]

Government to double maximum threshold for acquisitions without public tender

According to a bill that is being discussed by the government, the Romanian authorities will be able to make acquisitions without organizing a public tender in the case of contracts up to EUR 30,000. The … [Read more...]

Tallest building in Bucharest nears completion

Sky Tower – located in the northern part of Bucharest – recently became the tallest building of the Romanian capital with its 137 meters. As it nears completion developers released photographs taken … [Read more...]

First railway hotel in Romania

The forest railway station in Viseul de Sud witnessed the inauguration of the first stationary hotel train in the country, which consists of two first class sleeping cars and a restaurant car. The cars … [Read more...]

RON comes down to 4.558 per EUR 1

The Romanian national currency has slightly recovered, after weeks of pressure within the political circles following the impeachment referendum on President Traian Basescu. The RON continued to appreciate … [Read more...]

IMF delegation to arrive in Bucharest

A delegation of the International Monetary Fund /IMF/ led by Erik de Vrijer, head of the IMF mission to Romania, starts an official working visit to Bucharest. The IMF delegation is on its sixth evaluation … [Read more...]

Lady Gaga concert in the Constitution Square

Lady Gaga will come to Romania for a concert on August 16. The concert has been relocated to the Constitution Square (Piata Constitutiei) of Bucharest, from the National Arena, and a new category of … [Read more...]

Siveco opens office in Kazakhstan

Romanian software developer and integrator Siveco opened another office in Kazakhstan, in Almaty, after opening an office in Brussels and in Dubai. The new office will manage the projects developed for … [Read more...]

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