Hidroelectrica

Romania and Bulgaria plan to build two hydropower plants on the Danube to be used jointly on the model of the Iron Gates hydropower plants operated jointly by Romania and Serbia, according to a document published on Tuesday by the Bulgarian government.

National chairman of the Social Democratic Party (PSD) Marcel Ciolacu said on Monday that the Social Democrats have completed their own version of Romania's draft national budget for 2021 they will unveil at a later date. "We have completed our draft national budget for 2021 that we will unveil at a later date and that is also sustainable.

Romanians living in the UK, approximately 700,000, represent 1 percent of the British population, and this community will bring the two nations closer together, British Ambassador in Bucharest Andrew Noble says in an interview to AGERPRES.

Bucharest, Dec 4 /Agerpres/ - The Ambassador of the United States of America (USA) to Romania, Adrian Zuckerman, announced on Thursday, during a visit to Portile de Fier [ed.n.- Iron Gate Hydroelectric Power Station], the intention of Exim Bank US to support strategic investments in Romania and to ensure lines of credit of about 7 billion US dollars.

Developing local investor community so as to have a much higher participation of the Romanian population in the capital market is the top priority for the Bucharest Stock Exchange (BVB), CEO Adrian Tanase affirmed. "It is very important to have a dialogue with companies and familiarize them with the mechanisms of the capital market so that entrepreneurs fully understand its advantages.

Romania closed 2019 with a budget deficit of 4.6 percent of GDP, above the authorities' November estimation, when the second budget adjustment was operated, Finance Minister Florin Citu announced on Tuesday. The only time with a wider budget gap was the crisis year of 2010, when the government ran a deficit of 6.5 percent of GDP. In 2018 the budget deficit was 2.88 percent of GDP.

Romania went up on the 3rd position from the 4th position in the Top 500 companies in Central and Eastern Europe - Coface CEE Top 500, with 61 companies, increasing from 56, this development being due to the expansion of consumption, County Manager of Coface Romania Eugen Anicescu told a news conference on Wednesday.

The prospect of the Bucharest Stock Exchange (BVB) to promote to emerging market status, the diversification of BVB products, the need for setting up the Central Counterparty and the stage of the Sovereign Investment Fund are among the main topics the second Capital Market Forum taking place this Friday in Bucharest will be looking at; the event is organized by the Financial Intelligence econom

The government should be genuinely concerned to develop the country's capital market, and the listing of state-owned companies such as Hidroelectrica and Bucharest Airports could significantly contribute to Romania's promotion to emerging market status, says Johan Meyer, Franklin Templeton Investments CEO and Fondul Proprietatea portfolio manager.

The potential risk of commencing an investigation in the Competition Council concerning the tariff scheme must disappear, and on the General Assembly's agenda of next week there will be a cancellation of the decision to review the scheme, Bucharest Stock Exchange (BVB) CEO Adrian Tanase said in an interview for AGERPRES.