Economics
July 11, 2014 11:31
Italy’s power group Enel announced, following a Board meeting held on July 10, 2014, that its generation assets in Slovakia as well as its distribution and sale assets in Romania will be included in the sale programme relative to the strategy of consolidating its financial structure....more »
July 10, 2014 15:21
Renault Commercial Roumanie , the company that handles the sale of Dacia, Renault and Nissan vehicles will have a new CEO starting this fall. Jan Ptacek will take over the leadership as from September 1, 2014, replacing Thomas Dubruel who will be appointed Deputy General Manager of Renault MAIS – the group’s Turkish subsidiary in charge with distribution, states a press release....more »
July 10, 2014 14:04
Consumer prices went down by 0.3 percent in June 2014 compared to the previous month on cheaper food and services, pulling down annual inflation rate to a new historic low of 0.66 percent, according to the data released by the National Institute of Statistics (INSSE). ...more »
July 10, 2014 12:41
Petromidia refinery processed a record amount of more than 465,000 tons of raw materials in May, the highest level since 1979 when it was commissioned, KMG International announced. The previous production record of 14,000 tons per day was therefore surpassed upon the upgrade and production capacity increase to over 5 million tons annually....more »
July 09, 2014 11:21
Building materials manufacturer Adeplast recorded an increasing turnover of 134 million lei (some 30.4 million euro) in the first half of the year, an advance by 35 percent year-on-year, according to Agerpres which cites a company informing. The export segment was one of the growth engines, accounting for nearly 4.5 percent of the reported revenues after an increase of 184 percent compared to H1 2013....more »
July 09, 2014 10:12
Fondul Proprietatea (FP) has completed the bookbuilding process for private placement on the Bucharest Stock Exchange, announced on July 8, 2014, of all securities held in Transelectrica. According to an informing from Franklin Templeton, the fund’s manager, the final number of offered shares is 9,895,212, equivalent to a 13.5 stake, valued at 21.5 lei each (approximately 4.88 euro per share)....more »
July 08, 2014 16:53
Romanian International Bank (RIB) is rebranding to Idea Bank following the recently closed transaction in which Polish bank Getin Holding took it over. The bank has also announced the relocation in Hermes Business Campus where leased 3,500 sqm for its new headquarter and the debt recovery division....more »
July 08, 2014 15:40
The Do It Yourself chain bauMax has reached an agreement for selling its domestic chain comprising 15 stores to French-based Adeo Group according to Agerpres which quotes APA. The sale was concluded through a “share deal” transaction, pending competition approval, whose price has not been disclosed....more »
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 »
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