Economics
November 03, 2014 15:28
Driven by low vacancy rates, increasing demand and increasing pre-lease transactions, prime yield has seen a compression by 0.25 percent, reaching 7.75 percent, which makes Bucharest one of the most attractive office market for investors, shows a report issued by CBRE Romania....more »
October 31, 2014 15:43
New Europe Property Investment (NEPI) will take over Promenada mall from Raiffeisen Evolution, the transaction coming to about 150 million euro, according to market sources quoted by Mediafax....more »
October 31, 2014 15:00
Representatives of the Oltenia Energy Complex (CEO) and China Huadian Engineering today concluded the agreement for creating the joint venture (an Independent Power Producer, IPP) which will implement the Rovinari project: the construction of a ...more »
October 31, 2014 13:40
The Indian provider of IT services and solutions has announced plans to strengthen its presence in Romania where aims at growing headcount by 25 percent by the end of next year. Wipro, thus, anticipates that by December 2015 will employ 750 people in its local offices....more »
October 31, 2014 10:38
The head of Italian utility group Enel, Francesco Starance, yesterday said that the announced sale of the assets held in Romania and Slovakia, respectively, will be carried out shortly. Speaking in a parliamentary hearing, he restated that Enel ...more »
October 30, 2014 17:39
Hidro Tarnita SA, the company in charge with the project, is deferring the deadline for submitting the pre-qualification documents required in the first phase of selecting the investors that will engage in implementing the project regarding the 1000 MW pumped-storage hydropower station at Tarnita-Lapustesti....more »
October 30, 2014 16:30
Banca Transilvania remained on a growth path in the third quarter this year, the 9-month aggregated gross profit amounting to 394 million lei (net profit came to about 338 million lei), 38.5 percent more than the in the corresponding period in 2013, states a press release....more »
October 30, 2014 15:32
Fondul Proprietatea continues the buy-back programme with the largest public offer so far: 750 million shares, representing about 6 percent of the fund’s share capital, reads a notification published on the Bucharest Stock Exchange website....more »
October 29, 2014 16:34
The successive financial loss recorded by the Romanian Post in recent years have come to an end, according to Razvan Cotolvea, Minister for Information Society, who anticipates profit of 65 million lei for the current year, reads Mediafax....more »
October 29, 2014 15:07
Romania jumps 25 places in Doing Business 2015, the annual report issued by the World Bank Group which ranks the global economies based on the overall ease of doing business. The recently released edition ranks our country the 48th amongst 189 countries, a major advance compared to the previous edition in which Romania was placed in the 73rd position. ...more »
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