Economics
Romania's primary energy resources increased by four percent in 2017
The National Institute of Statistics report shows that primary energy resources in Romania increased by 4.0%, between January 1st and November 30, 2017 while those of electricity decreased by 3.2% as compared to the same period of previous year. more »
NERO Renewables plans to develop Europe's largest onshore windfarm in Romania
Dutch company NERO Renewables plans to install 362 wind turbines at 3 different sites in South-East Romania, with a total capacity of approximately 1.000 megawatt, generating up to 3 terawatt hour per annum. NERO, which stands for ‘Netherlands – Romania’, plans to developo 3 wind farms in Romania, that will be directly connected to the national high voltage grid and will annually inject 3 terawatt hours (TWh) of renewable energy into the European grid, extractable in any of the EU member states. The project is directly connected to the high voltage grid and, as a result of the Integrated Single Market for Electricity (starting mid 2018), the generated power can be bought by any company in any European country. more »
December 13, 2017 14:30
The fourth edition of the Awards Gala in Courier and Postal Services gathered in the framework of an elitist event some of the most important national and international companies active in the sector and had as main purpose the merits recognition of all those who have recorded spectacular results and developed successful projects in the last year. ...more »
December 07, 2017 14:05
November at full throttle on Bucharest Stock Exchange , as the shares of two companies got listed and bonds for another two start trading. Shares of Transilvania Broker de Asigurare, a leading insurance brokerage company, began trading on the Main Market of BVB from November 2, 2017. The company sold 625,000 shares or 25% of its equity. The price per share from the offer was RON 15.5 lei, and it amounted to RON 14.4510 per share after applying the 7 percent promotional discount, making the value of the offer exceed RON 9 million. Transilvania Broker became the first insurance brokerage company in Romania to be listed on BVB. ...more »
December 07, 2017 11:59
Local courier company FAN Courier, estimates that this year's turnover will exceed the 131 million euro, up 13.2% over the previous year's results, in line with the company's initial forecasts and the results of the top 11 months of the year. For FAN Courier, 2017 can be characterized as the year with the most value-added services launched. "The rising appetite of the Romanian market for courier services, mainly as a result of the explosion of the e-commerce segment, risks being affected by the legislative and fiscal changes announced for 2018, with a relevant impact on all economic actors - companies and consumers. Against such backgrounds, our estimates of business developments for the next year are more cautious than in previous years. The budget for 2018 will be built taking into account two scenarios - pessimistic, for which we are also preparing for a possible stagnation and a realistic prudent scenario in which we anticipate a 10% increase, "said Adrian Mihai, founder of FAN Courier. ...more »
December 04, 2017 14:25
PeliFilip assisted the British group, Kingfisher PLC, one of the largest European DIY chains present in Romania through the Brico Depot brand, in the acquisition of Praktiker România, which currently operates 26 units and is one of the largest DIY retailers in the country. Last week, the acquisition of Praktiker by the Kingfisher Group was successfully completed. Kingfisher entered the Romanian market in 2013 through the purchase of Bricostore stores, a transaction in which they were assisted as well by the PeliFilip lawyers. With this latest acquisition, the British group is set to strengthen its position in a growing market. ...more »
November 28, 2017 11:31
Bittnet , the first IT company listed on the AeRO market of Bucharest Stock Exchange (BVB), launched its second corporate bonds issuance worth a total of RON 4.5 million, which began trading on the Alternative Trading System of BVB from November 28, 2017. The funds thus obtained will be used to chiefly finance the acquisition of Gecad Net, founded and previously controlled by the local entrepreneur Radu Georgescu....more »
November 27, 2017 15:15
Globalworth Real Estate Investments Limited, announced the intention to acquire five office buildings in Romania and Poland (through GPRE), development projects on the land owned in Bucharest and Timisoara and the intention to develop new projects in Bucharest and Warsaw (through GPRE)....more »
November 27, 2017 14:56
Romania has a large labor force deficit, mainly in construction, IT, agriculture and healthcare, declared labor Minister Lia Olguta Vasilescu. "The largest labor shortage that Romania currently has is in construction, IT, agriculture and healthcare. The most problematic sectors are construction and agriculture, as the majority of people who left the country are working in these areas in the EU pointed out the minister. "Construction and agriculture are the most problematic, but the majority of people who left the country are working in these areas in the EU" ...more »
November 16, 2017 12:25
The Association of Romanian Electricity Suppliers - AFEER organized the 3rd edition of its annual conference on the effects and challenges of the new market liberalization. "The liberalization of the energy market remains a topic of relevance. All of us - market participants, consumers, authorities - we have questions, we are looking for answers. Under the conditions of rising energy prices, switching to a free market for a consumer can become an advantageous option. On the other hand, in the face of new challenges, suppliers are forced to reinvent themselves, to come up with new products and services to keep customers close and to constantly conquer new customers, "said Mr. Ion Lungu, President of AFEER....more »
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