Economics
October 23, 2014 11:47
New Europe Property Investment has run an equity raising of approximately 100 million euro through an accelerated book build on the Johannesburg Stock Exchange, funds which will be used to finance three recently announced acquisitions - Aurora Shopping Mall and Alba Iulia Strip Mall in Romania in Romania and Kragujevac Plaza Shopping Mall in Serbia, as well as future development and extension pipeline, along with possible further acquisitions....more »
October 23, 2014 11:00
Banca Transilvania has been approved a credit line of 150 million euro by the European Investment Bank (EIB), amount which will be allocated to projects to be promoted by small and medium-sized enterprises, midcap companies and public entities operating in Romania’s industry, services, agriculture and infrastructure sectors....more »
October 22, 2014 17:07
Romania will improve the absorption of EU funds by next year, Eugen Teodorovici, the Minister of European Funds, anticipating an 80 percent absorption rate allocated as per the financial framework 2007-2013....more »
October 22, 2014 15:20
The South African investment fund has announced an equity raising of roughly 80 million euro through an accelerated bookbuild opened on October 22, 2014, at 09h00 (South African time), NEPI reserving the right to close it at any time.  Also, the size of equity raise could be increased, depending on demand....more »
October 21, 2014 16:58
The European Commission has decided not to continue the infringement procedure initiated in 2011 against Romania  for not transposing the provisions included in the Energy Package 3 with respect to both natural gas and electric power sectors....more »
October 21, 2014 15:31
Romania holds the third place in Deloitte’s CE Technology Fast 50 2014, the competition that ranks the fastest growing technology companies based on their revenue growth over a five-year period. Six domestic companies – ITNT,  Teamnet International, Softelligence, Life is Hard, Fortech and Trencadis are listed in the 2014 ranking, for which were took into consideration the revenues from 2009 to 2013....more »
October 20, 2014 14:14
A new real estate project has been launched in Bucharest, a luxury residential compound developed by SKV Properties, located near the Herastrau Lake. Requiring investment of 30 million euro, the Gafencu project is scheduled for completion in the first quarter of 2016, reads Mediafax....more »
October 20, 2014 12:32
Standard & Poor’s has affirmed the long and short-terms foreign and local currency credit ratings on Romania at ‘BBB/A-3’, maintaining the outlook stable. The credit rating agency explains through a release that the ratings are supported by “Romania’s low and declining external debt stock, its narrowing general government deficits, and moderate stock of general government debt amid relatively firm growth prospects”....more »
October 20, 2014 10:53
Nuclearelectrica has selected China General Nuclear Power Corporation for the continuation of the Cernavoda nuclear power plant Units 3 and 4 projects, based on the biding offer submitted in late-September. The Chinese company was to sole investor engaging in the selection process. According to the procedure timetable, the joint letter of intention to complete the project was signed, too....more »
October 17, 2014 15:45
The first three quarters of the year have brought increasing revenues to the courier companies, FAN Courier, the leading player in the domestic market, reporting a turnover of 53.3 million euro at nine months. The figures are above expectations, say the company’s leaders, advancing by nearly 19 percent year-on-year on increased consumption, whereas they had foreseen a growth rate raging from 12 to 15 percent....more »
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