Economics
July 08, 2014 12:48
eMAG IT Research will set up a software development center in Romania’s capital city, Bucharest, which will support the expansion of eMAG platform in Europe. The new center will employ about 200 people and will deliver the first software application this fall in October, expecting to come up with some 25.8 million euro for the regional development in the coming seven years....more »
July 08, 2014 11:12
Franklin Templeton, the manager of Fondul Proprietatea (FP) has announced its intention to sell up to 9,895,212 of shares, equivalent to the 13.5 percent stake currently owns in Transelecetrica, Romania’s system and transmission operator....more »
July 07, 2014 16:17
The deadline for joining the EU Business Avenues is approaching, so companies planning to expand their businesses in South Asia through this initiative launched by the European Commission can apply on the campaign’s website www.businessavenues.eu by July 11, 2014, announces Deloitte, the programme operator in Romania....more »
July 07, 2014 14:19
Lafarge assets’ in Romania could be sold as part of the strategy relative to the planned merger with Holcim to create Lafarge-Holcim, a giant group in the building materials industry, the two companies announced....more »
July 07, 2014 12:36
Dacia sales recorded a growth of 24.3 percent in the first half of the year driving the overall improvement posted by Renault Group whose global sales went up by 4.7 percent year-on-year, although sales outside Europe have seen a decline. The Romanian brand sales increased on both LCV (light commercial vehicles) and PC (passenger cars) segments, so that the total units sold within January 1 and June 30, 2014 came to about 263,000, whereas in the same period last year Dacia sold 211,600 cars....more »
July 04, 2014 14:01
Electrica's shares made their stock market debut with a slight increase over the final price corresponding to the recently closed initial public offering. In the first day of trading on the Bucharest Stock Exchange (BVB) and the London Stock Exchange (LSE) where securities are available in the form of Global Depository Receipts, the open price reported by the BVB went up to 11.11 lei per share, compared to the final offer price of 11 lei and 10.45 lei, respectively, for retail investors benefitting from the discounted securities....more »
July 04, 2014 12:40
The domestic real estate market has seen a drop in terms of values of transactions in the second quarter of the year, falling to 66 million euro, following a major advance in Q1 when the combined value of such deals slightly exceeded 300 million euro, according to CBRE....more »
July 03, 2014 15:45
The Board of Romania’s Central Bank, BNR, has decided to keep the monetary policy rate at 3.5 percent per year, the historic low achieved in February this year, following successive drops. An important decision taken during the board meeting ...more »
July 03, 2014 15:05
French retailer Auchan has reached an agreement for taking over 12 hypermarkets and shopping centers in Romania, in a real estate transaction coming to some 280 million euro, reads ZF....more »
July 02, 2014 16:46
Adrian Ghenie has produced a major surprise at Sotheby’s auction in London, his work, “The Fake Rothko” sold for 1.43 mln pounds (about 1.79 million euro) becoming the most expensive artwork-ever of a Romanian painter. The 2010 oil and c...more »
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