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INVESTMENTS

EIB offers Romania 13 billion Euro financing in 25 years

2018-02-21 11:37:50
The European Investment Bank (EIB) has granted Romania 13 billion Euro worth of loans since starting its operations in the country, in 1992, according to a report of the institution.

ENERGY

OMV Petrom doubled its profit last year

2018-02-21 11:30:02
OMV Petrom had a 2.49 billion RON profit in 2017, more than double than it had recorded in 2016 (1.04 billion RON), according to a report by the company.

APPOINTMENTS

Complet Electro Serv appoints Cristian Laza as new CEO

2018-02-21 11:26:17
Complet Electro Serv, part of Altex Romania, has appointed Cristian Laza as CEO of Complet Electro Serv, producer and distributor of electric-IT equipments.

ENERGY

Mol Group posts highest profit in a decade in 2017

2018-02-20 14:22:33
Mol Group announced its financial results for 2017. Mol increased its EBITDA by 14 per cent outperforming its 2017 target on the back of a strong financial and operational delivery of all busine...

ENERGY

Tender close to 80 million Euro for retechnologization of Hidroelectrica's Vidraru plant

2018-02-20 14:06:24
Hidroelectrica has launched an international public tender for the retechnologization of hydroelectric power plant Vidraru.

INVESTMENTS

Porsche Romania posts a turnover of 638 million Euro in 2017, 16 per cent growth compared to 2016

2018-02-20 13:59:40
Porsche Romania celebrates 20 years of activity, during which it delivered 455,055 cars under Volkswagen, Audi, Seat and Skoda brands.

APPOINTMENTS

CTP appoints Emanoil Dascalu as Construction Director for Romania

2018-02-20 13:41:04
CTP has appointed Emanoil Dascalu as Construction Director for Romania. He will oversee the company's construction projects throughout the country. This new addition will strengthen the local te...

INVESTMENTS

Kaufland plans 200 million Euro investments in Romania in the next year

2018-02-19 16:52:46
Kaufland, the leader of the Romanian retail market, plans 200 million Euro investments in the 2018-2019 financial year.

APPOINTMENTS

Luiza Moraru will coordinate CBRE's operations in the CEE region

2018-02-19 13:52:57
CBRE has appointed Luiza Moraru as Head of CBRE's Asset Services Division for Central and Eastern Europe.

ECONOMICS

Bittnet posts 58 per cent increase in turnover

2018-02-19 12:46:03
Bittnet, one of the most dynamic local IT companies, recorded a 58 per cent organic increase of its business in 2017, to 21.7 million RON (4.75 million Euro).

ECONOMICS

Gothaer ended 2017 with a 22 per cent growth in GWP

2018-02-19 12:41:57
Gothaer Asigurari Reasigurari ended 2017 with a close to 22 per cent growth in Gross Written Premiums (GWPs) versus 2016.

INFRASTRUCTURE

Timisoara ponders metro line

2018-02-16 12:25:15
Timisoara, a city in western Romania, is planning to allot 31,182 Euro of this year’s budget to a pre-feasibility study for a metro-type public transport system.

ENERGY

Electrica posts net profit of 257 million RON in 2017

2018-02-16 12:12:57
Electrica, one of the most important company in distribution and supply of electric energy in Romania, posted a net profit in decrease by 3 per cent to 256.9 million Euro at the end of December ...

ENERGY

Nuclearelectrica reports net profit up by 172 per cent to 303 million RON in 2017

2018-02-16 12:07:35
The energy producer Nuclearelectrica, which operates the nuclear plant from Cernavoda, posted a net profit increase by 172 per cent to 303 million RON in 2017, according to the preliminary data ...

APPOINTMENTS

Hanner appoints Mindaugas Valuckas as new Country Manager in Romania

2018-02-16 12:02:32
Hanner Romania is implementing management changes, following the new dynamics of the company portfolio and team evolution on the local market.

ECONOMICS

Banca Transilvania post lower profit in 2017

2018-02-15 14:09:27
Banca Transilvania, the second-biggest bank in Romania, recorded a net profit of 258 million Euro in 2017, 3.4 per cent lower than in the previous year, according to the lender's preliminary fin...

ECONOMICS

Bucharest Stock Exchange almost doubles profit in 2017

2018-02-15 14:05:21
Bucharest Stock Exchange group (BVB) recorded a net profit of 14.6 million RON (3.2 million Euro) in 2017, up by 89 per cent compared to the previous year.

INVESTMENTS

Purcari Wineries lists on the Bucharest Stock Exchange after a successful IPO

2018-02-15 13:58:39
Purcari Wineries, a leading CEE wine producer, lists today on the Bucharest Stock Exchange, under the WINE symbol, following a successful IPO of 49 per cent of its shares.

INVESTMENTS

Zentiva NV is initiating a public offering for the acquisition of Zentiva SA shares

2018-02-15 13:49:49
Zentiva N.V. is initiating, between 20.02.2018 - 05.04.2018, a public offering for the acquisition of all the shares outstanding of the company Zentiva S.A. (former S.C. Sicomed S.A. - Medicine ...

INFRASTRUCTURE

Constructions sector down by 5.4 per cent in 2017

2018-02-14 16:10:27
Constructions works sector down year-on-year by 5.4 per cent in 2017, affected by the decrease in the infrastructure works and non-residential constructions, while the residential constructions ...

REAL ESTATE

AFI Europe Romania leases 2,000 sqm in AFI Tech Park to Game World Group

2018-02-14 11:57:16
AFI Tech Park business campus, the new office destination currently developed by AFI Europe Romania, signed a new lease agreement of approx. 2,000 sqm in AFI Tech Park 1 with Game World Group.

ENERGY

Oil Terminal reports net profit of five million RON in 2017

2018-02-13 14:13:03
Oil transport company Oil Terminal recorded a net profit of 5.09 million RON in 2017, down 66.9 per cent year-on-year, according to the preliminary financial data published by the Bucharest Stoc...

ENERGY

Investments in wind energy down 19 per cent in EU in 2017

2018-02-13 14:04:39
Expenditure for new production capacity for wind energy in Europe has decreased by a fifth in 2017, down to the lowest level in the past three years, according to WindEurope.

INVESTMENTS

UPS to purchase 14 additional 747-8f freighters and orders 4 new 767s

2018-02-13 13:58:04
UPS announced it has ordered 14 Boeing 747-8 cargo jets and four new Boeing 767 aircraft to provide additional capacity in response to accelerating demand for the company's air services. All the...

ECONOMICS

Point Pick-up is looking for business opportunities on the Romanian market

2018-02-12 13:34:08
Point Pick-up (PPUP), one of the most powerful digital courier platforms in the United States, analyses the Romanian market from the perspective of business opportunities.

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ECONOMICS

BNI Romania members registered 50 per cent higher turnover in 2017

2018-02-12 13:07:22
BNI Romania, member of the global network of reference-based professional networking, Business Networking International, registered a turnover of 6.2 million Euro in 2017, 50 per cent more than ...

REAL ESTATE

At least 130 new jobs created by each new office lease signed in Bucharest, says JLL

2018-02-12 11:48:36
Each new office leasing contract signed in Bucharest last year created at least 130 new jobs. Dimitrie Pompeiu and South sub-markets made the top, with more than 200 new jobs per transaction, ac...

ECONOMICS

Bucharest Stock Exchange closes January 2018 in positive territory

2018-02-09 15:37:07
Bucharest Stock Exchange (BVB) ended January 2018 with an increase of almost 8 per cent, after BET index, the main index of the local capital market, closed las month at a level of 8,370 points....

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REAL ESTATE

One United Properties invests 100 million Euro in projects developed on former platform Automatica

2018-02-09 15:03:54
One United Properties invests 100 million Euro in projects developed on the former industrial platform Automatica.

REAL ESTATE

The Bridge office project in Bucharest gets highest green building certification

2018-02-08 15:49:47
The Bridge, a new office project developed in Bucharest by Romanian company Forte Partners, received the LEED Platinum certification, with the highest score awarded by the US Green Building Coun...

ECONOMICS

BRD Group reported 85% higher net profit in Romania in 2017

2018-02-08 15:30:46
BRD Groupe Societe Generale ended 2017 with a net profit of 309 million Euro, up 85.3 per cent year-on-year, on strong core revenue and positive cost of risk.

REAL ESTATE

Bucharest office stock reached 2.76 million sqm in 2017

2018-02-07 16:41:46
Bucharest's modern office stock has reached 2.76 million square meters in 2017, according to an analysis by CBRE. Some 90 per cent of this stock is leased out.

ENERGY

Enel announced as title sponsor for the FIM MotoE World Cup

2018-02-07 16:22:40
Enel will be the title sponsor of the upcoming FIM MotoE World Cup, the world's first fully electric motorcycle circuit racing series recognised by the Federation, naming the series the FIM Enel...

REAL ESTATE

P3 Romania ready for a very dynamic 2018, to open new locations in Bucharest and the country

2018-02-07 16:09:08
In 2017, P3 Romania continued to develop its park near Bucharest, both by constructing new warehouses and by land acquisition, according to company representatives.

REAL ESTATE

CTP invested 12 million Euro in 40,000 sqm built for the Danish group DSV

2018-02-07 15:49:54
CTP, a leading premium industrial parks developer and long-term manager in Romania and Central and Eastern Europe, and DSV, the fifth biggest global transport and logistics companies, signed a l...

ECONOMICS

Intesa Sanpaolo Bank Romania tripled its net profit in 2017

2018-02-06 16:59:24
Intesa Sanpaolo Bank, the Romanian subsidiary of Intesa Sanpaolo, leader in Italy and one of the most solid banks in the Euro Zone, has recorded an operating income of 154 million RON and a net ...

ECONOMICS

Garanti Bank finances the First Green Home Certificated residential project of Bucharest

2018-02-06 14:05:34
Garanti Bank actively supports projects that endorse Romanian entrepreneurship, sustainable development and respect for the environment, as well as other initiatives that have a positive impact ...

INFRASTRUCTURE

Romania and Hungary to build high-speed railway from Cluj to Budapest

2018-02-06 13:02:13
Romania's foreign affairs minister Teodor Melescanu and Hungarian counterpart Peter Szijjarto agreed on Monday on the development of a high-speed railway between Cluj-Napoca and Budapest, Szijja...

ECONOMICS

The price of Transgaz shares increased by 55 per cent after 10 years of listing on BVB

2018-02-06 11:25:18
Transgaz plans to invest a total of 1.62 billion Euro in the period 2017-2026, the company's general manager, Ion Sterian, announced in a conference hosted by the Stock Exchange Bucharest on the...

ECONOMICS

Elvila opens listing season of 2018 by a technical listing on the AeRO market of Bucharest Stock Exchange

2018-02-06 11:18:30
Shares of Elvila SA, symbol ELV, a leading furniture producer in Romania, started trading on the Alternative Trading System of Bucharest Stock Exchange (BVB) in the AeRO Premium category as of F...

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