Economics
November 26, 2014 11:28
Hidro Tarnita, the company which oversees the hidropower energy project, has announced that the deadline for submitting pre-qualification documents required at this stage of the investors selection procedure has been extended again, until next year, due to increasing interest shown by potential investors. ...more »
November 25, 2014 14:50
The South African investment fund, NEPI, has closed the accelerated book build launched on November 24, the amount to be raised totaling approximately 150 million euro, funds which will be used to finance the acquisition of Promenada Mall in Bucharest....more »
November 24, 2014 14:46
New Europe Property Investment (NEPI) is running a new equity raising of about 100 million euro through an accelerated bookbuild conducted on the Johannesburg Stock Exchange and the London Stock Exchange, after last month the South African inve...more »
November 24, 2014 12:20
BusinessMark announces the organization of “Infrastructure Forum”, an event that will take place on the 25th of November, in Bucharest, at Howard Johnson Grand Plaza. ...more »
November 24, 2014 11:27
Announced in July, 2014, the sale of Austria’s bauMax domestic chain to Adeo Group has been carried out on November 18.  Hence, the French group which operates on the Romanian market the Leroy Merlin Do-It-Yourself brand has taken over the 15 bauMax units subject of this transaction, located in Bucharest (2), Bacau, Brasov, Constanta, Craiova, Cluj Napoca (2), Iasi, Pitesti, Ploiesti, Sibiu, Suceava, Targu-Mures and Timisoara....more »
November 21, 2014 15:22
Globalworth, the real estate investment fund controlled by Ioannis Papalekas, has signed a 10-year lease agreement with Telekom Romania Telecommunications (former Romtelecom) for a gross leasable area of about 25,000 sqm....more »
November 21, 2014 11:41
The European Commission approved the release of additional 262 million euro from the Cohesion Fund to cover the costs incurred by Romania with the construction of two sections of motorway, reads a press release. ...more »
November 20, 2014 19:54
Sema Parc resumes Sema New Project, an integrated urban development project in Bucharest, whose first phase was completed in 2009 when Office 1 building was delivered....more »
November 20, 2014 19:35
Power Clouds, a developer of renewable energy projects, seems to be an exception if considered the two solar parks commissioned this year and that are part of a large scale project through which the company aims to create a global network of PV parks...more »
November 19, 2014 15:59
Ford Romania has announced that 680 employees, about 20 percent of the people working at the Craiova plant will leave the company due to declining demand on the European vehicle market. The car manufacturer is implementing a programme of volunt...more »
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