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Mega Image to continue expansion in Romania in 2018

Local retailer Mega Image will continue its expansion next year, according to Vassilis Stavrou, the general manager of the Mega Image operations in Romania.

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

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...

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

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...

Mercedes to open a new design centre in France

Mercedes-Benz operates a number of design studios not only at its headquarters in Stuttgart, but in locations around the world. And now the German automaker wants to open a new Advanced Design C...

EBRD acquires 4.4 per cent stake in Globalworth

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...

Mol announces plans to build new headquarters in Budapest

Mol Group announced its plans to relocate its corporate headquarters by 2021 to Mol Campus, the company's new 83,000 sqm office.

Calsonic Kansei invests 30 million Euro in an electronic parts factory in Ploiesti

Japanese company Calsonic Kansei expands the business in Romania by investing 30 million Euro in a factory of electronic parts in Ploiesti, creating around 300 new jobs.

NEXT-E consortium and EU sign a grant agreement to deploy 252 fast and ultra-chargers for electric vehicles across CEE

The network of 222 fast chargers and 30 ultra-chargers for EV (Electric Vehicles) will connect six countries in CEE along main roads on the EU's core transport network.

ADM Capital sells Brikston Construction Solutions to Wienerberger AG

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...

Alka Group invests over 11.5 million Euro in new Romanian plant

Alka Group will invest over 11.5 million Euro in a new production capacity for biscuits and salty snacks near Ploiesti.

Damen acquires Daewoo's shares in Daewoo Mangalia Heavy Industries

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.

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

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.

World Class Romania is opening a new club in Cluj-Napoca, in the second part of 2018

World Class Romania invests two million Euro in a new club, World Class Record Park in the Silicon Valley of Europe, Cluj-Napoca, in the second part of 2018.

Black Sea Oil & Gas to receive additional investment from EBRD

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...

More on News
PM-designate Dancila: "It's important to implement governing programme"

Prime Minister-designate Viorica Dancila stated that it's important to put into practice the governing programme, but also 2018- the Centennial Year and prepare to take over the Presidency of th...

Mihai Tudose announces his resignation as prime minister

Mihai Tudose announced on Monday evening, at the end of the Social Democrat Party (PSD) National Executive Committee (CExN) meeting, that he resigns as prime minister of Romania. "I am leaving w...

Contract for the purchase of 227 Piranha V armored personnel carriers, signed in presence of PM Tudose

The contract for the purchase of 227 Piranha V armored personnel carriers was signed on Friday in the presence of Prime Minister Mihai Tudose, Deputy Prime Minister Marcel Ciolacu and Defense Mi...

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

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...

Garanti Bank expects a four per cent GDP growth rate in 2018

Garanti Bank estimates that the growth rate of the gross domestic product (GDP) could reduce speed in 2018, to four per cent, from 6.5 per cent in 2017, mainly due to a slower pace of industry a...

Romania plays in the big league, says Deloitte survey

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...

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

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...

Ministry of Public Finances set to issue Euro-bonds worth 8 billion Euro in the next two years

The Ministry of Public Finances (MFP) contemplates issuing Euro-bonds worth approximately 8 billion Euro (equivalent) over 2018-2019, in the context of the implementation of the annual plan for ...

EIB supports the modernisation of infrastructure in Oradea

The European Investment Bank (EIB) is lending 21 million Euro to the Municipality of Oradea to finance improvements to its urban infrastructure. EIB funds will also support investments targeting...

Electrica Group launches its first sustainability report

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...

MET Romania to continue its development on the local market

Following the successful completion of Repower's takeover, MET Romania aims to analyze other opportunities on the local market, thus continuing to invest either by taking over other suppliers or...

Socar has opened the second filling station in Brasov and reaches a total of 39 stations

Socar has opened its 39th filling station in Romania. This is the second filling station to be launched under Socar brand in Brasov city, one of the Romanian tourism centers.

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Socar has opened the second filling station in Brasov and reaches a total of 39 stations
Socar has opened its 39th filling station in Romania. This is the second filling station to be launched under Socar brand in Brasov city, one of the Romanian tourism centers.

Hornbach opens an online store with over 27,000 products in Romania
Hornbach officially launches their online store in Romania, where customers can choose from over 27,000 products.

PM-designate Dancila: "It's important to implement governing programme"
Prime Minister-designate Viorica Dancila stated that it's important to put into practice the governing programme, but also 2018- the Centennial Year and prepare to take over the Presidency of the Council of the...

Colliers Romania appoints Laurentiu Lazar as new managing partner
Laurentiu Lazar will take over as the new managing partner of the real estate consultancy company Colliers International Romania, effective as of March. Ilinca Paun, the current managing partner, will remain me...

Skanska Romania appoints Aurelia Luca as new managing director
Skanska Property Romania, the local division of one of the largest real estate developers, announces changes at the top of management in Romania. Marcin Lapinski, Managing Director for Skanska Property Romania ...