REPORTS
Romanian Energy Awards 2018: Celebrating Excellence The Diplomat - Bucharest celebrated performance and exceptional accomplishments in the Romanian energy field, awarding 17 performers in both conventional and renewable energy, with the seventh a...
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COUNTRY FOCUS
French investments at a glance: Interest still high France, Romania's fourth largest foreign direct investor, has been around since the early 1990s, with flagship names the likes of Societe Generale or Groupe Renault taking the lion's share when ...
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COUNTRY FOCUS
US calls for coherent, long-term strategy As USA celebrates 4th of July, its eyes are wide open on the latest developments in Romania's ongoing struggle for the rule of law. Still, the country is one of the fastest growing economies in ...
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SECTOR ANALYSIS
Romanian energy industry: Challenges to Overcome With a national strategy draft still to be approved, Romania faces many challenges, as the energy market is striving to find a way to attract major investments that are critically needed to enha...
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POLITICS
Anca Jurma named interim chief prosecutor of Romanian anti-corruption agency Prosecutor Anca Jurma has been named the interim chief prosecutor of the Romanian anti-corruption agency (DNA) following an order by the General Prosecutor Augustin Lazar.
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ECONOMICS
Romanian M&A market speeds up in Q2, says Deloitte The M&A market in Romania marked a significant recovery in the second quarter of this year, reaching 391 million Euro, compared with 258 million Euro in the first three months of the year. Accor...
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ECONOMICS
Vardinogiannis Group finalized the acquisition of Marfin Bank in Romania Vardinogiannis Group, one of the most solid and well capitalized business conglomerates in Europe, finalized the acqusition of Marfin Bank, after receiving approval from the National Bank of Rom...
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ECONOMICS
PayU expands to Israel through ZOOZ PayU, the leading financial services provider in global growth markets, announced the acquisition of ZOOZ, the payment technology platform that operates in Israel. The transaction supports the c...
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ECONOMICS
Engie acquires Romanian IoT company Flashnet, specialized in Smart Public Lighting ENGIE announces the acquisition of 60 per cent of Flashnet, a Romanian Internet of Things (IoT) company.
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ECONOMICS
TransferGo receives electronic money license TransferGo, the international fast online transfer company, has been granted its e-Money license from the Bank of Lithuania. The license allows electronic money storage & transfer and other fina...
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ECONOMICS
Garanti Consumer Finance signs a loan agreement for seven million Euro with The Black Sea Trade and Development Bank Garanti Consumer Finance, part of the financial group Garanti Romania, has signed a loan agreement of seven million Euro with the Black Sea Trade and Development Bank (BSTDB).
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ECONOMICS
Healthy Central European private equity activity levels set to continue, says Deloitte The strong momentum underway in Central Europe's private equity markets should continue, according to the latest Deloitte Central Europe Private Equity Confidence Survey.
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ECONOMICS
Dacia posts half-year sales record Dacia posted a half-year sales record in Europe with 281,225 vehicle registrations (up 14.6 per cent) and a record 2.9 per cent share of the market, according to world sales result published by ...
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ECONOMICS
Continental to list powertrain division mid-2019 Continental is moving ahead with an initial public offering of its powertrain unit and new corporate structure in the car-parts maker's biggest overhaul in decades.
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ENERGY
CEZ Group in Romania ended 2017 at a net profit level CEZ Group in Romania ended 2017 with better results than in 2016 at a net profit level. Last year brought for CEZ Group in Romania a profit before interests, taxes, depreciation, and amortizatio...
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ENERGY
Oil Terminal cuts wages by 25 per cent for ten days Oil Terminal suspends full wage payment for ten days in order to reduce expenses. Almost a thousand employees will be affected by the measure decided after the company concluded the first semest...
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ENERGY
Enel reaches one million residential customers on Romania free electricity market Enel Energie and Enel Energie Muntenia announced reaching the mark of one million household customers on the free electricity market in Romania.
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ENERGY
Romelectro to modernize the Smardan power station following 23 million Euro project The association between Romelectro SA and Electromontaj SA, as a general contractor, recently won the tender organized by CNTEE Transelectrica SA for the modernization of the Smardan power stati...
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INVESTMENTS
Lidl to open supermarket with electric car charging station in Resita Lidl will inaugurate a store in Resita on July 19, 2018, provided with electric car charging station. The Lidl Drive from Resita has a retail space of approximately 1,300 sqm and around 150 park...
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INVESTMENTS
Porsche Engineering Romania relocates its headquarters to Cluj-Napoca Two years after its official opening event, Porsche Engineering Romania inaugurated its new headquarters in Vivido Business Center in Cluj.
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INVESTMENTS
Garanti Bank finances the construction of HEKA Hospital in Constanta Garanti Bank granted a 11 million RON (2.3 million Euro) loan to HEKA Hospital in Constanta. The funding has been granted for a period of 10 years, so that a former office building in the center...
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INVESTMENTS
Bucharest's Henri Coanda Airport to upgrade sound system The National Bucharest Airports Company has awarded a 1.05 million Euro contract for the upgrade of the sound system of the terminals of the Henri Coanda Airport, Bucharest's main one. The contr...
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INVESTMENTS
Industry 4.0: EIB supports construction of new Arctic factory in Romania The European Investment Bank (EIB) is lending 68 million Euro to white goods producer Arctic to finance the construction of a large-scale washing machine production plant featuring advanced manu...
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APPOINTMENTS
CEZ Group Romania appoints Ondrej Safar as new CEO starting August 1 CEZ Group Romania announced that Martin Zmelik will end his eight years long job in Romania at the end of this month and will be replaced by Ondrej Safar, who will become the new Country Manager...
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APPOINTMENTS
Groupe Renault Romania appoints Aurelia Leoveanu as new financial director Aurelia Leoveanu is the new Administrative and Financial Director of Groupe Renault Romania. Liviu Bocsaru, who has held this position in the last six years, becomes director of Groupe Renault C...
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REAL ESTATE
Hagag Development Europe starts its first office project in Bucharest Real estate developer Hagag Development Europe, part of Hagag Group Israel, starts construction works for its first office project in Bucharest: H Victoriei 109. Over eight million Euro will be ...
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REAL ESTATE
CTP invests in the facilities and infrastructure from CTPark Bucharest West CTP continues to strengthen its position on the domestic market through a series of major investments in the development of CTPark Bucharest West. Currently, the property's built surface exceeds...
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REAL ESTATE
JLL advises Atrium Real Estate in Militari Shopping Centre transaction JLL has advised Atrium European Real Estate Ltd. (Atrium) on the successful sale of Militari Shopping Centre in Bucharest, Romania, to MAS Real Estate, for 95 million Euro. The transaction, sign...
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