Czech energy company CEZ has bought TMK Hydroenergy Power in Romania, which runs a hydroenergy system in Caras Severin county, near Resita city, the company has announced.

ABB has won the USD 24 million bid to build a new substation which will connect Verbund's wind farm in Tulcea to the national power grid. The order was received in the fourth quarter of 2010 from Transelectrica, the national transmission utility and a consortium of four European companies.

Romanian President Traian Basescu, Prime Minister Emil Boc, Romanian Central Bank governor Mugur Isarescu, Finance Minister Gheorghe Ialomitianu on Thursday set the parameters of a new, precautionary agreement with the International Monetary Fund and the European Union, the Romanian Central Bank (BNR) said in a statement.

Romania's unemployment rate grew slightly to 6.9 percent in the third quarter of 2010, from 6.8 percent in the previous quarter, according to the country’s statistics institute INS. The jobless rate was also higher compared with a rate of 6.8 percent in the third quarter of 2009, the statistics show.

The Romanian Central Bank (BNR) has decided to keep the key interest rate at 6.25 percent after its first monetary policy meeting of the year.

Romanian group InterAgro, owned by local investor Ioan Niculae, has decided to close down four of its fertilizers factories until April this year, after having announced plans to close down two more at the end of last year.

Fashion retailer C&A will open a 1,200 sqm store in Family Center Botosani in April this year, according to Oasis Development, the developers of the project. The shopping center, which is already running, is thus fully let. The center was opened in November last year, following a EUR 7 million investment.

Banca Comercială Romana (BCR) has granted EUR 517 million of loans in the First House 1 and 2 programs, more than a third of its quota within the program. Most of the loans were granted in Bucharest – over 4,000 loans, worth a total of EUR 196 million.

Romania needs more profound reforms on the social allowances and occupation segments of the public sector and these could take one or two years, which is why joining the euro zone could be delayed from the planned 2015, according to the governor of the Romanian Central Bank (BNR), Mugur Isarescu (in picture).

Energy company CEZ has sold its 9.15 percent participation in EnergoNuclear, the company which will build the 3 and 4 nukes in Cernavoda project in Romania, to Nuclearelectrica. CEZ has previously announced its plan to withdraw from the project while focusing on its home market in the Czech Republic and consolidate existing investments abroad.

Czech energy company CEZ has bought TMK Hydroenergy Power in Romania, which runs a hydroenergy system in Caras Severin county, near Resita city, the company has announced.

ABB has won the USD 24 million bid to build a new substation which will connect Verbund's wind farm in Tulcea to the national power grid. The order was received in the fourth quarter of 2010 from Transelectrica, the national transmission utility and a consortium of four European companies.

Romanian President Traian Basescu, Prime Minister Emil Boc, Romanian Central Bank governor Mugur Isarescu, Finance Minister Gheorghe Ialomitianu on Thursday set the parameters of a new, precautionary agreement with the International Monetary Fund and the European Union, the Romanian Central Bank (BNR) said in a statement.

Romania's unemployment rate grew slightly to 6.9 percent in the third quarter of 2010, from 6.8 percent in the previous quarter, according to the country’s statistics institute INS. The jobless rate was also higher compared with a rate of 6.8 percent in the third quarter of 2009, the statistics show.

The Romanian Central Bank (BNR) has decided to keep the key interest rate at 6.25 percent after its first monetary policy meeting of the year.

Romanian group InterAgro, owned by local investor Ioan Niculae, has decided to close down four of its fertilizers factories until April this year, after having announced plans to close down two more at the end of last year.

Fashion retailer C&A will open a 1,200 sqm store in Family Center Botosani in April this year, according to Oasis Development, the developers of the project. The shopping center, which is already running, is thus fully let. The center was opened in November last year, following a EUR 7 million investment.

Banca Comercială Romana (BCR) has granted EUR 517 million of loans in the First House 1 and 2 programs, more than a third of its quota within the program. Most of the loans were granted in Bucharest – over 4,000 loans, worth a total of EUR 196 million.

Romania needs more profound reforms on the social allowances and occupation segments of the public sector and these could take one or two years, which is why joining the euro zone could be delayed from the planned 2015, according to the governor of the Romanian Central Bank (BNR), Mugur Isarescu (in picture).

Energy company CEZ has sold its 9.15 percent participation in EnergoNuclear, the company which will build the 3 and 4 nukes in Cernavoda project in Romania, to Nuclearelectrica. CEZ has previously announced its plan to withdraw from the project while focusing on its home market in the Czech Republic and consolidate existing investments abroad.