News

26Oct2015

As economic conditions in the EU deteriorate and uncertainty grows, top officials in Romania say the country is not ready to join the troubled single currency in 2015, as planned.  Bucharest will continue to make…

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26Oct2015

Over 80 Indian companies operating in the spheres of machine building, energy, IT, and other sectors took part Monday in the Bulgarian-Indian Business Forum in New Delhi. The forum took place parallel to the session of…

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26Oct2015

The Foreign Direct Investments (FDI) attracted by Romania amounted to a total EUR 941 M during the first eight months of the year, and increased for the first time since the end of 2008. In…

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26Oct2015

Ukraine’s hryvnia may depreciate 10 percent by year-end because of “fairly weak” confidence in the currency, according to Charles Seville, director of Fitch Ratings’ sovereign group. While officials including Prime Minister Mykola Azarov say the hryvnia will…

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26Oct2015

The national power producer and supplier, state-owned Hidroelectrica, asked for insolvency late last week, sending a shock wave in the economy and taking by surprise the authorities, local press informs today (Mon). The announcement was…

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26Oct2015

Ukraine is seeking investors to operate and expand its main international airport at Boryspil near Kiev, the Infrastructure Ministry said. The government decided this week to seek bids for the Boryspil Airport concession, the ministry…

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26Oct2015

Bulgaria will put up for sale its 33 percent stakes in two Bulgarian power distribution companies controlled by Czech power utility CEZ in November, after the financial regulator approved the sale documents. The Balkan country…

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26Oct2015

The chief executive of Oman’s Shanfari Group of Companies has stepped in to bail out Bulgaria’s Investbank, buying a 25% stake in the lender in return for 50 million levs ($31.5 million). Bulgaria’s central bank…

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26Oct2015

The IMF and Romania reached a staff-level agreement to unlock the next tranche of the country’s precautionary 5 billion-euro loan, said the IMF’s Mission Chief Erik de Vrijer. The international lender is assessing the government’s…

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26Oct2015

The Cabinet of Ministers has approved the implementation of alternative energy projects in the Chernobyl Power Plant Zone of Alienation. The instruction proposes to allow the construction of photovoltaic power stations and wind farms in…

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