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INFRASTRUCTURE

Telekom launches the third Smart City pilot project in Romania

2017-12-14 16:26:59
Telekom Romania launched in Piatra Neamt, the third Smart City pilot project, after the ones in Bucharest and Constanta. The company’s project is part of the strategy of expanding its own oper...

INVESTMENTS

First EIB loan to a corporate in Romania's local currency

2017-12-14 16:07:52
The European Investment Bank (EIB) is providing the first loan to a corporate in Romania that can be disbursed in local currency; the equivalent of 50 million Euro will be granted to Transgaz, R...

ECONOMICS

Romania plays in the big league, says Deloitte survey

2017-12-14 14:53:36
On the backdrop of a stable economic context in the region and with growing macroeconomic indicators, Romania has won the deal doers' trust now becoming a core market for private equity funds ne...

ENERGY

Electrica Group launches its first sustainability report

2017-12-14 12:34:47
Electrica Group, leader in the distribution and supply of electric energy in Romania, is launching a sustainability report for 2016, which serves as the first non-financial report of the company...

ENERGY

Energy price for households to increase as of 1 January

2017-12-13 16:36:32
The price of energy for consumers who are powered in universal service will increase as of 1 January, while the peak energy consumption, between 18:00 hrs and 22:00 hrs will be more expensive by...

INFRASTRUCTURE

E-Distributie Muntenia invested 14.5 million RON for the modernisation of the Cotroceni primary station

2017-12-13 12:13:40
E-Distributie Muntenia invested about 14.5 million RON (3.15 million Euro) for the first stages of the modernization of the Cotroceni primary station in Bucharest, a 3-year project which began i...

APPOINTMENTS

Citi Romania appoints Ivan Vrhel as general manager

2017-12-13 11:56:48
Citi announced the appointment of Ivan Vrhel as general manager of Citi Romania, keeping at the same time the current responsibilities as director of Citi Commercial Bank division for SMEs.

REAL ESTATE

Immochan to finalize the second phase of Coresi Business Park in 2018

2017-12-12 12:49:51
Building N1, belonging to the second phase of Coresi Business Park, has been completed in September 2017 and is fully leased. Azets, Accenture, Intech and Waters occupy the entire building, with...

INVESTMENTS

EBRD acquires 4.4 per cent stake in Globalworth

2017-12-11 10:44:20
The European Bank for Reconstruction and Development (EBRD) has acquired a 4.4 per cent stake in real estate developer Globalworth, whose portfolio in Romania reached 1.08 billion Euro at the en...

APPOINTMENTS

Nokia appoints Joerg Erlemeier as Chief Operating Officer

2017-12-11 10:21:45
Nokia announced the appointment of Joerg Erlemeier as Chief Operating Officer (COO) and member of the Group Leadership Team (GLT) with immediate effect.

POLITICS

Iohannis: Justice independence, public positions' integrity are constitutional values not to be negotiated

2017-12-08 13:12:33
Promoting the rule of law and Justice independence, fighting against corruption, ensuring integrity in public positions and dignities are constitutional values that cannot be negotiated, Preside...

INVESTMENTS

Construction works for the first pediatric oncology and radiotherapy hospital in Romania to begin with 8 million euro

2017-12-08 12:21:42
Daruieste Viata Association is an NGO to start the construction works for the first pediatric cncology and radiotherapy hospital in Romania, in the court yard of the “Marie Curie” hospital i...

INVESTMENTS

Mega Image to continue expansion in Romania in 2018

2017-12-07 13:33:25
Local retailer Mega Image will continue its expansion next year, according to Vassilis Stavrou, the general manager of the Mega Image operations in Romania.

REAL ESTATE

Quick Service Restaurant 1 Minute signs lease agreement in AFI Tech Park

2017-12-07 13:26:51
AFI Europe Romania concluded a new lease agreement for AFI Tech Park Business Campus. The new tenant is LS Travel with their concept store "1 Minute", who leased a space located on the ground fl...

REAL ESTATE

Immofinanz closes the sale of the Russian retail portfolio

2017-12-07 11:40:23
Immofinanz has successfully concluded the sale of its retail portfolio Moscow to the Russian FORT Group. The transaction closed in St. Petersburg.

REAL ESTATE

CBRE: Bucharest university centres attract new business poles

2017-12-06 16:43:43
Most new investments in office buildings have been concentrated around Bucharest's university centres, which have become increasingly attractive for real estate developers, CBRE shows.

REAL ESTATE

Forte Partners to develop Aviatiei Park following 12 million Euro funding from Banca Transilvania

2017-12-06 13:57:37
Local real estate developer Forte Partners will develop the residential project Aviatiei Park after a funding of 12 million Euro from Banca Transilvania.

INFRASTRUCTURE

Posta Romana auto park to increase by 180 units, following investment of 3 million Euro

2017-12-06 10:38:13
Posta Romana auto park will increase by 180 units, out of which 80 cars of 3.5 tones will be functional this week, following that until the end of the month to be distributed the rest of 100 car...

REAL ESTATE

Iulius opened a new office building in Openville Timisoara

2017-12-05 11:06:50
The Iulius Company completed a new office building spanning on over 13,000 sqm in Openville Timisoara, the mixed-use project the company develops together with Atterbury Europe near Iulius Mall....

ECONOMICS

Garanti Leasing signs a loan agreement for 15 million Euro with EFSE

2017-12-04 12:22:16
Garanti Leasing, part of Garanti Romania, has signed a loan agreement of 15 million Euro with the European Fund for Southeast Europe (EFSE). The facility is meant to increase access to financing...

ENERGY

Transelectrica has six investment objectives on the list of European PCIs

2017-11-29 12:33:04
Six major investment objectives of Transelectrica are on the third list of projects of common interest (PCI) on energy infrastructure adopted at the end of the year last week by the European Com...

ECONOMICS

Immofinanz posted increase in net profit for the first nine months of 2017

2017-11-29 10:43:45
Immofinanz posted a significant increase in net profit from continuing operations for the first three quarters of 2017, to 116.3 million Euro (Q1-3 2016: -217.8 million Euro).

INVESTMENTS

Black Sea Oil & Gas to receive additional investment from EBRD

2017-11-29 10:27:22
Black Sea Oil & Gas announces that the European Bank for Reconstruction and Development has become a minority shareholder in the company. EBRD will receive one board seat as part of the investme...

REAL ESTATE

AFI Europe Romania has signed the first lease agreement for AFI Tech Park with World Class

2017-11-28 13:43:23
AFI Europe Romania has signed the first lease agreement for AFI Tech Park, the company's newest business park developed in Bucharest. World Class Romania will be the first tenant of the campus, ...

APPOINTMENTS

Deloitte Romania appoints Dinu Bumbacea as consulting practice head

2017-11-27 14:29:12
Deloitte Romania announces that Dinu Bumbacea will join the firm to strengthen the Deloitte consulting practice as partner-in-charge, effective December 2017.

REAL ESTATE

AFI Europe Romania posts net operating income of over 37 million Euro in the first nine months

2017-11-24 12:26:33
AFI Europe Romania published its financial results, with the net operating income from its income producing assets in Romania of over 37 million Euro in the first nine months of the year, 10.4 p...

REAL ESTATE

Openville Timisoara to open in the fourth quarter of 2018

2017-11-21 10:45:26
The Openville Timisoara development, the largest mixed-use project in the west of Romania will be opened in the fourth quarter of next year, upon completion of the first phase of development. Th...

ECONOMICS

URBB posts record production figure in 2017

2017-11-20 12:48:02
United Romanian Breweries Bereprod (URBB) registered a record production figure exceeding two million hectolitres for the period January-November 2017, representing a 10 per cent increase year-o...

APPOINTMENTS

Cristian Busu has been reappointed president of Electrica's board

2017-11-20 12:39:16
Cristian Busu has been reappointed president of Electrica board, the electric energy supplier. He is a member of the board since 2014 and was chosen in this position during the Council's meeting...

ENERGY

Transelectrica inaugurated the Campia Turzii station, fully refurbished with 9 million Euro

2017-11-17 10:23:10
Transelectrica inaugurated the 220/110/20 kV Campia Turzii (Cluj County) electricity station, after an investment of about 42 million RON (9 million Euro).

REAL ESTATE

CTP starts CSR project for the workforce market nearby Bucharest

2017-11-16 14:59:25
CTP is starting a social responsibility program that aims to facilitate a series of meetings between high school students and representatives of important companies that are tenants in the parks...

INFRASTRUCTURE

Enel and Traian Vuia International Airport in Timisoara launch the first EV charging station in a Romanian airport

2017-11-16 13:03:24
Enel Energie and the Traian Vuia Airport in Timisoara inaugurated the first electric vehicle charging station in an airport in Romania, in order to encourage electric mobility and a lower carbon...

REAL ESTATE

Impact launches Luxuria Domenii Residence with 630 apartments in Bucharest

2017-11-15 11:17:35
Impact has launched Luxuria Domenii Residence, a residential project comprising 630 apartments in the north of Bucharest.

REAL ESTATE

PPT Preturi pentru tine is moving to City Offices

2017-11-14 15:29:23
PPT Preturi pentru tine, the Romanian clothing and footwear retailer, active on the Romanian market since 2006, moved to the City Offices office building, part of the Globalworth portfolio.

ECONOMICS

Banca Transilvania's net profit was 780 million RON in the first nine months

2017-11-14 15:17:47
Banca Transilvania posted a net profit of 780 million RON in the first nine months of the year.

INVESTMENTS

Damen acquires Daewoo's shares in Daewoo Mangalia Heavy Industries

2017-11-13 16:47:17
Damen Shipyards Group has entered into a share purchase agreement with Daewoo Shipbuilding & Marine Engineering for the acquisition of its majority share in Daewoo Mangalia Heavy Industries.

REAL ESTATE

Conadi sold two-thirds of the first phase of Arcadia Apartments Domenii residential project

2017-11-10 13:20:13
Conadi real estate consultancy company announced it has sold two-thirds of the first phase of the Arcadia Apartments Domenii residential complex, just two and a half months after the beginning o...

ENERGY

E-Distributie Dobrogea invested 1.7 million RON to install separators on nine overhead high voltage power lines

2017-11-10 12:38:03
E-Distributie Dobrogea is about to finalise the installation of 1.000 phase separators in nine overhead high voltage power lines in the counties Calarasi, Ialomita and Tulcea, in an investment p...

ECONOMICS

Porsche Romania posts 13 per cent increase in sales for all Volkswagen group brands in the first nine months of 2017

2017-11-10 12:25:10
Porsche Romania, the largest automotive importer in Romania, closes the first nine months with a 13% increase in sales for all Volkswagen group brands, compared to the same period of last year....

ECONOMICS

The company who manages KFC, Pizza Hut and Taco Bell brands in Romania is now listed on Bucharest Stock Exchange

2017-11-10 10:28:50
The shares of Sphera Franchise Group, one of the most important foodservice operators in Romania, started trading on Bucharest Stock Exchange (BVB), under SFG symbol.

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Most read Daily Info
» Garanti Leasing signs a loan agreement...
» Iulius opened a new office building in...
» Posta Romana auto park to increase by ...
» Forte Partners to develop Aviatiei Par...
» Quick Service Restaurant 1 Minute sign...
» CBRE: Bucharest university centres att...
» Immofinanz closes the sale of the Russ...
» Iohannis: Justice independence, public...
» Mega Image to continue expansion in Ro...
» Construction works for the first pedia...
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