Economics
January 26, 2017 16:51
Rented office space nationwide - excluding Bucharest - was 71,560 sqm in 2016, by 53 percent higher than in 2015, shows a specialist survey. Half of this surface was leased in Timisoara, equaling office rental deals in all the other big cities: Iasi, Cluj-Napoca, Brasov, Arad and Pitesti....more »
January 26, 2017 16:46
The number of green certificates traded in January 2017 on the Green Certificates Centralized Market (PCCV) amounted to 6,371 units, a figure seven times bigger than that of the similar period last year, when 906 units were traded, according to data released by OPCOM, Romania's electricity and natural gas market operator.  In January, 56 sales offers and seven buying offers were launched, at a price of 132.404 lei per certificate....more »
January 17, 2017 09:15
Biriş Goran assisted AdamAmerica Europe on the acquisition of Construdava, a 9,400 sqm office building located on Pipera-Tunari Road, in the North-East of Bucharest. The building is fully leased by Metro Systems, internal IT provider of Metro Group in Bucharest, Romania.  Biris Goran advised AdamAmerica on all aspects of the purchase from the building's owners, Commerzbank AG and Aberdeen Asset Management.  The team was spearheaded by Victor Constantinescu, Daniela Lazea, Mariana Signeanu and Radu Jianu on the acquisition documents, along with other members of Biriş Goran on due diligence....more »
January 16, 2017 10:27
Largest oil and gas producer in South East Europe, OMV Petrom together with Romania's largest energy distributor Electrica inaugurated yesterday the first out of six pilot fast charging stations dedicated to electric cars. ...more »
January 11, 2017 07:10
Former Public Finance Minister Anca Dragu maintains that in 2016 there were registered approximately 1.5 billion lei savings in the budget, taking into account that, according to the current estimates, the year ends with a 2.59 percent budget deficit, under the initial 2.8 percent of the GDP initial target.  "Not only that we haven't exceeded the 2.8 percent of the GDP budget deficit target, but we have even had savings, taking into account that we have a deficit estimate at the year-end of 2.59 percent of the GDP. In cash, it means savings worth approximately 1.5 billion lei," Anca Dragu told Agerpress on Monday....more »
January 11, 2017 06:59
Romania exported in the first nine months of last year 9,926.7 tons of wine from fresh grapes, up by almost 22pct compared to the same period of the previous year when exports totaled 8,145.6 tons, according to the trade balance in agricultural products supplied to Agerpress by the Ministry of Agriculture and Rural Development (MADR). Collections stood at 15.013 million euros in the first nine months of 2016, being 35pct higher compared to the amounts obtained in the same period in 2015, namely 11.126 million euros. On the other hand, wine imports have exceeded exports 3.5 times in the mentioned period and totaled 3,5258.1 tons, also increasing compared to the quantities coming from external markets in the same period in 2015....more »
December 22, 2016 07:02
High taxation, fiscal environment unpredictability and competition, as well as the access to finance remain the main problems the companies in Romania are confronted with, reads a Survey on the access to finance of non-financial companies in Romania, logged in December 2016, and carried by the National Bank of Romania (central bank, BNR).  "Also found was an increase of the number of companies that deem the availability of the labour force a pressing issue as compared to the previous report," says the survey.  ...more »
December 22, 2016 06:48
Nestor Nestor Diculescu Kingston Petersen (NNDKP) advised Value4Capital (V4C) on the sale of its entire shareholding of 36.25% in Medlife S.A., Romania’s largest provider of private healthcare services.  The exit came seven years after V4C purchased the shares from Medlife’s founders and the International Finance Corporation (with NNDKP acting as local counsel) and was performed through an initial public offering on the Bucharest Stock Exchange (BSE). The transaction became the first IPO of a private company performed in the past decade in Romania. ...more »
December 14, 2016 16:20
FAN Courier, expects to end the year with an advance in turnover of 29%, declared the company in a press release.   In a market estimated to pass the threshold of 400 million euros from 385 million euros in 2015, the leader of the courier sector in Romania has allocated for 2016 a budget of 18 million Euros for investments to modernize its fleet, to open a regional hub in Brasov and modernize the Bucharest hub. ...more »
December 12, 2016 11:21
Martin Zmelik, CEO CEZ Romania unveils the approach to energy efficiency and the challenges of a liberalized market What are in your opinion the main current challenges in implementing the efficiency programs in Romania? For us, the main challenges in implementing the efficiency programs were related mainly to the legislation provisions: on one hand we were pending on them, on the other we had to explain them to our potential partners.  But we surpassed the challenge and managed to perform in this area also. Our commitment for a long-term partnership to the municipalities took the shape of ESCO services resulting in public lightning cost optimization, energetic audit and management for long term sustainable savings....more »
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