September 14 (SeeNews) - Following are some of the main stories in the online versions of Romanian media over the weekend and on Monday morning. SeeNews has not verified these reports and cannot vouch for their accuracy.
- Capitalisation of companies, listed on the Bucharest Stock Exchange, totals only 8.6% of the country’s Gross Domestic Product, one of the lowest levels among the European stock markets, an analysis made by local brokerage Intercapital Invest showed. The indicator shows that Romanian economy is weakly presented on the bourse.
- The remittances from Romanian migrant workers abroad dropped by 90% on the year in July , data from the country’s central bank indicated.
- Romanian state-owned hydropower generator and supplier Hidroelectrica will invest 500 million euro by 2012 in power plants with total capacity of 325 megawatts, Hidroelectrica’s director general Mihai David said.
- Value of Romanian cement production market fell by 43% on the year to 375 million euro in the first half of the year amid 30% decrease of consumption, a research carried by the daily showed.
- French Renault, owner of Romanian carmaker Dacia, could invest one billion euro in its operations in Romania in the next five years, a Renault top official said.
- Romania’s economy will hit its lowest level in the third quarter after some indicatrs such as the processing industry and the retail sales point to a possible upturn of the economy, Raiffeisen Bank analysts said.
- Romania's state-owned power grid operator Transelectrica will cooperate with Russian state-owned power grid operator Inter RAO on infrastructure projects, Transelectrica’s director Adrian Baicusi said.
- The exchange rate of the Romanian leu versus the euro will remain almost unchanged by the end of the year as presidential election in November will have no influence on the rate, analysts polled by the daily said.
(1 euro=4.2798 Romanian lei)