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INVESTMENTS

European Investment Bank celebrates 25 years in Romania with 13 billion Euro for economic and financial support

2017-10-20 11:24:18
The European Investment Bank (EIB) has approved more than 13 billion Euro worth of financing and advisory services for Romania since it started its operations in the country 25 years ago.

ENERGY

E-Distributie Dobrogea invests 12 million RON for the modernization of the Abator primary station in Constanta

2017-10-20 10:55:49
E-Distributie Dobrogea has begun an investment project worth around 12 million RON (2.6 million Euro) to modernize the primary station (high/medium voltage) Abator in the city of Constanta.

INVESTMENTS

ADM Capital sells Brikston Construction Solutions to Wienerberger AG

2017-10-17 12:00:07
ADM Capital, an international private equity fund, acquired a 98 per cent stake in Brikston Construction Solutions (Brikston) in July 2014 and has agreed to sell its full shareholding to Wienerb...

POLITICS

PM Tudose: We will shortly come up with new form of split VAT collection

2017-10-16 17:25:45
A new form of split VAT collection, which will respond to the requests made in this period by business representatives, will be presented shortly, Prime Minister Mihai Tudose announced on Monday...

AGRIBUSINESS

EBRD to become a shareholder in Agricover Holding

2017-10-13 12:54:20
The EBRD and Agricover Holding have signed legal agreements today confirming the Bank's intention to become a shareholder in the Romanian agribusiness company.

APPOINTMENTS

Colin Lovering joins Avison Young in Romania

2017-10-13 12:45:27
Avison Young announced the strategic hiring of business development specialist Colin Lovering, a press release shows.

APPOINTMENTS

TotalSoft appoints Tom Stankiewicz as Financial Services Executive Director

2017-10-12 13:09:02
TotalSoft, one of the leading ERP and financial solutions providers, part of software company Logo Software (Logo), takes new strategic steps in further penetrating international financial marke...

ECONOMICS

Romania's inflation rate up to 1.8 percent in September, says INS

2017-10-11 14:25:05
The annual inflation went up in September to 1.8 percent from 1.2 percent in August, according to data of the National Institute of Statistics (INS), as reported by Agerpres.

POLITICS

Iohannis: Advanced presence on Eastern Flank must be reinforced, especially in Black Sea

2017-10-09 12:41:20
President Klaus Iohannis stated on Monday that the advanced presence on NATO's Eastern Flank must be reinforced.

REAL ESTATE

CTP acquires Chitila Logistic Park for over 17 million Euro

2017-10-06 09:17:07
CTP continues its growth by acquiring a logistics park, situated near Bucharest, Chitila Logistic Park (CLP), following an investment of 17.3 million Euro (CLP). The transaction was concluded in...

INVESTMENTS

Mol announces plans to build new headquarters in Budapest

2017-10-03 09:50:15
Mol Group announced its plans to relocate its corporate headquarters by 2021 to Mol Campus, the company's new 83,000 sqm office.

INFRASTRUCTURE

Werk invests 2.5 million Euro in 400 parking spots near Vox Technology Park

2017-10-02 15:01:57
Werk Property Group will start in November the construction of a new parking with a capacity of 400 parking spots in the immediate vicinity of office project Vox Technology Park from Timisoara. ...

REAL ESTATE

CTP to invest over 150 million Euro for CTPark Bucharest West by the first quarter of 2018

2017-09-27 16:46:10
CTP continues to strengthen its status on the domestic market through a series of important investments in the development of CTPark Bucharest West. The total investment in the CTPark Bucharest ...

POLITICS

MAE requests Ukraine to adopt necessary measures so that Romanians learn in their mother tongue

2017-09-27 10:28:40
The Foreign Affairs Ministry (MAE) announced that it will continue to take steps with the international authorities to signal the negative impact of the legislative amendments in Ukraine's Educa...

REAL ESTATE

DVD Residential Imobiliare launches Arcadia Apartments Domenii following a total investment of 100 million Euro

2017-09-26 14:20:47
DVD Residential Imobiliare starts the construction of the first large residential complex in Domenii area from Bucharest. Arcadia Apartments Domenii will be built in three stages and approximate...

POLITICS

Romania initiates first meeting of EU Council Presidencies' Trio with Finland and Croatia

2017-09-26 09:52:01
Minister-Delegate for European Affairs Victor Negrescu has initiated on Monday in Brussels, the first, minister-level meeting of the Trio of Presidencies that Romania is due to commence on Janua...

APPOINTMENTS

Corneliu Bodea was reappointed as president of Romanian Energy Center

2017-09-22 11:53:45
Corneliu Bodea was reappointed as president of Romanian Energy Center (CRE) with 244 votes, being the only candidate. His new mandate will last until September 2020.

REAL ESTATE

Zacaria develops the first private industrial park in Craiova

2017-09-22 11:36:29
The construction works on the new business park in Craiova are ongoing and the first 10,000 sqm of industrial space will be delivered by the end of the year, the Romanian real estate developer Z...

INFRASTRUCTURE

FIC: High growth without infrastructure is not possible in the long run

2017-09-21 09:49:38
The Foreign Investors Council (FIC) believes infrastructure is key for Romania's future development and it is also one of the three pillars Romania must focus on if it is to become one of the to...

ECONOMICS

Superbet bonds start trading on Bucharest Stock Exchange

2017-09-20 12:52:19
Corporate bonds of Superbet Betting & Gaming S.A., one of the most important gambling operators in Romania, have started trading on the Alternative Trading System managed by Bucharest Stock Exch...

APPOINTMENTS

Michele Abbate was appointed as new CEO of Enel Energy and Enel Energy Muntenia

2017-09-13 16:50:50
Michele Abbate is the new CEO of Enel Energy and Enel Energy Muntenia, the two companies owned by the Enel group in Romania.

REAL ESTATE

CTP invests 15 million Euro in a new logistics park near Cluj-Napoca

2017-09-13 10:00:14
The industrial parks developer CTP invests 15 million Euro in the development of a new logistics park near Cluj-Napoca. CTPark Cluj II will be located in Floresti and will have a total leasable ...

REAL ESTATE

AFI Europe to develop AFI Brasov by 2019, its third shopping mall in Romania

2017-09-12 12:52:45
AFI Europe sets the cornerstone of AFI Brasov, the company's third shopping mall in Romania and announces the advancement of construction works.

INVESTMENTS

Bog'Art to build IKEA's second store in Bucharest

2017-09-08 14:58:26
IKEA has announced that Bog'Art will build its new store from Theodor Pallady area in Bucharest. The second store in Bucharest will be opened next year, following an investment of around 80 mill...

ECONOMICS

Romania's sovereign fund to be launched in 2018

2017-09-07 14:18:46
Romania's first sovereign fund for development and investments (FSDI) will be available starting January 1, 2018 and it will finance the developments of infrastructure alongside greenfield and b...

REAL ESTATE

Colliers International appoints Sebastian Dragomir to lead the office department

2017-09-06 14:09:49
The real estate consultancy company Colliers International strengthens its office spaces consultancy team by hiring Sebastian Dragomir for the position of Office Advisory Director.

ENERGY

AFEER: Energy price will be higher next year, but not because of the liberalization of the market

2017-09-06 11:32:40
The energy price will be higher next year, but not because of the total liberalization of the market as of 1 January 2018, but because of market conditions, said Ion Lungu, president of the Asso...

APPOINTMENTS

Metropolitan Life appoints Carmina Dragomir as CEO in Romania

2017-09-05 13:08:49
Metropolitan Life appoints Carmina Dragomir as CEO in Romania, starting October 1, after the approval of the board. Carmina Dragomir will take over this position from Emilia Bunea, who led the M...

REAL ESTATE

Ropharma launches HIpark mixed use project in Iasi following an investment of 39 million Euro

2017-09-05 12:53:58
Ropharma announces the launch of a new mixed-use project of offices and residential, with a full range of services and retail space, the estimated investment being amount to approximately 39 mil...

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INFRASTRUCTURE

European funds to be used for the modernization of road infrastructure in Iasi and Suceava

2017-09-04 16:48:34
The Minister of European Funds, Rovana Plumb, has signed a financing contract for an investment in the modernization of the road infrastructure in the Iasi and Suceava counties through the alloc...

ENERGY

Head of RWEA at the end of his mandate

2017-09-04 15:44:36
The head of the Romanian Wind Energy Association (RWEA) Ionel David stepped down after his term at the helm of the association expired.

REAL ESTATE

Estic Park to invest six million Euro for another 103 apartments in the second district of Bucharest

2017-09-04 14:45:21
Estic Park, the residential project from the second district of Bucharest, will build another 103 apartments with six million Euro, after selling 70 per cent of the first phase of the project in...

ENERGY

Hunedoara Energy Complex to reduce its losses by 80 per cent this year

2017-09-01 15:27:17
The Romanian Government adopted the 2017 budget for the Hunedoara Energy Complex (CEH), estimating that the losses of the state-owned company will be reduced by 80 per cent.

REAL ESTATE

CTP invests 18 million Euro to buy two logistics parks in Romania

2017-08-31 14:17:33
CTP invests approximately 18 million Euro in the purchase of two properties in Ineu and Salonta from the Slovak-based company IPEC Group. Together, the properties comprise a total land area of 1...

ENERGY

GE inaugurates its new Bucharest software center to support local growth

2017-08-30 14:26:01
GE speeds up growth for its software and digital resources in Romania and kicks off the recruitment campaign for GE Power's Grid Software Solutions (SWS) center in Bucharest. The company intends...

REAL ESTATE

Office vacancy drops below ten per cent in Bucharest for the first time since 2009, says C&W Echinox

2017-08-30 12:09:06
Office demand continued to be consistent in the first six months of 2017 and the level of new supply was limited compared with H2 2016. The vacancy rate in Bucharest dropped for the first time s...

REAL ESTATE

Immofinanz's net profit reached 105.3 million Euro in the first half of 2017

2017-08-30 10:50:18
Immofinanz recorded a significant increase in net profit to 105.3 million Euro in the first half of 2017 (H1 2016: -243.3 million Euro), a press release shows.

REAL ESTATE

Renault Romania began works for its future headquarters in Bucharest

2017-08-28 14:23:06
The works for the future headquarters building of Groupe Renault Romania in Bucharest - Renault Bucharest Connected (RBC) - have begun today in the presence of Yves Caracatzanis, Managing Direct...

ENERGY

Nuclearelectrica to restart negotiations for nuclear reactors 3 and 4 from Cernavoda in September

2017-08-28 12:46:08
Negotiations for the construction of nuclear reactors 3 and 4 from Cernavoda will be restarted in September, according to Nuclearelectrica's Extraordinary General Meeting of Shareholders from Au...

REAL ESTATE

CTP invests over 13 million Euro for the expansion of CTPark Timisoara

2017-08-25 11:11:55
CTP, the industrial parks developer, invests over 13 million Euro in the extension of CTPark Timisoara with 32,000 sqm, due to the increasing demand in the Western area of the country.

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Most read Daily Info
» DVD Residential Imobiliare launches Ar...
» Romania initiates first meeting of EU ...
» CTP to invest over 150 million Euro fo...
» MAE requests Ukraine to adopt necessar...
» Werk invests 2.5 million Euro in 400 p...
» Mol announces plans to build new headq...
» CTP acquires Chitila Logistic Park for...
» Iohannis: Advanced presence on Eastern...
» TotalSoft appoints Tom Stankiewicz as ...
» Romania's inflation rate up to 1.8 per...
Read in the Print Edition
Oil & Gas Industry: Challenges and opportunities for Romania

As it appears from the four scenarios of the Romanian Energy Strategy, natural gas will play an important role with expected significant increases in the energy mix starting in 2020. Even though currently about...