These days, more and more Romanians are fitting LPG systems to their cars. The explanation is that the liquefied petroleum gas is half the price of petrol and the investment can be recouped in about a … [Read more...]
Romania’s Oil Reserves Third In EU
May 17, 2011 By Leave a Comment
Capital.ro reveals that Romania’s estimated oil reserves of 600 million barrels are the third largest in the European Union. The quantity found in Romania represents around 11 % of total EU reserves. … [Read more...]
Purchasing Power Will Not Get An Impulse Sooner Than 2012
May 12, 2011 By Leave a Comment
The biggest company on the oil market, Petrom, posted growth of business and profit even though the market it operates on continued to go down. Pump price hikes and cost cuts helped it turn in its favor … [Read more...]
Romanian Private Consumption Could Be Shadowed By Tax Increases
April 26, 2011 By Leave a Comment
According to a draft convergence program for 2011-2014, Romanian private consumption is set to pick up in the coming period, after sharp reductions in previous years. Even so, recovery could lag behind … [Read more...]
Oil Price Trading Near USD 123
April 21, 2011 By Leave a Comment
Brent oil prices are going up again. In Tuesday’s trading session price was nearing USD 123 a barrel, after the IEA stated that OPEC needs to raise its output around June to contain further oil prices. … [Read more...]
Rompetrol Registers $0.9M Net Profit In The First Quarter Of The Year
April 20, 2011 By Leave a Comment
On Tuesday, Romania’s second largest oil group Rompetrol said it registered a net profit of $900,000 in the first quarter of the year, from a loss of $56.2 million in the year-earlier period. The Dutch-registered … [Read more...]
BNR To Raise Inflation Forecast In May
April 13, 2011 By Leave a Comment
Adrian Vasilescu, adviser to the central bank governor said that Romania’s central bank will revise upward its forecast for the year-end inflation at a quarterly report due May, prompted by surging global food … [Read more...]
