Economics
May 23, 2014 14:55
Upon validating the Country Partnership Strategy (CPS) for Romania for 2014-2017, the World Bank Group Board of Directors approved yesterday a 750 million euro budget support loan, the first of a series of such operations loans as per the new CPS, the Romanian Ministry of Finance announces. ...more »
May 22, 2014 16:08
Green Gate, the largest office building to be delivered this year in Bucharest, a project development by Czech company S Group Holding has been completed with an occupancy rate which has reached 60 percent so far, according to ZF....more »
May 21, 2014 15:46
Ericsson Romania, the domestic subsidiary of the Swedish-based manufacturer of telecommunication equipment, increases the surface let within West Gate office park with other 4,000 sqm. Hence, the total area occupied by Ericsson adds up to 16,000 sqm, the lease period being extended by 2019, according to a press release of Genesis Development, which developed the project....more »
May 21, 2014 13:02
During yesterday’s meeting, the Romanian Government approved an emergency ordinance and a government decision to eliminate 10 taxes and non-fiscal tariffs, while other 17 will be merged. For the remaining 65 there will be issued ministerial orders or decisions of the presidents of institutions to eliminate, so as the legislative measures come to effect by July 1, 2014, the Ministry of Public Finance announces....more »
May 21, 2014 10:46
Although there were expected about 20 small and medium-sized companies to submit their projects for the Energy Efficiency Programme the Ministry of Economy runs between 2014 and 2017, only five such companies sent their applications by the deadline set by the ministry – May 9, 2014. ...more »
May 20, 2014 15:04
Eugen Calota, Vice President of the National Energy Regulatory Authority (ANRE), places energy efficiency as the most profitable resource for Romania for the coming 10-20 years, according to Agerpres....more »
May 20, 2014 12:06
Investment fund Equest Balkan Properties confirmed the sale of the retail park incorporating Vitantis Shopping Center which will be taken over by Revetas Capital, an investment manager in Central and Eastern Europe which targets distressed real estate projects or single asset transactions, according to Mediafax....more »
May 19, 2014 16:46
The European Investment Bank (EIB) announced it has concluded a loan agreement to provide 300 million euro financing for priority projects under the Romanian Rural Development Programme for 2007-2013. Main areas targeted are afforestation, improvement of forest management and protection and small-scale rural and agricultural infrastructure investments....more »
May 19, 2014 14:41
In the first half of this month, the state-owned energy enterprise recorded the highest levels in the past nine years in terms of daily production, exceeding 70 GWh. In 2005 when Hidroelectrica recorded a similar perfomance, the company’s annual production came to 20.1 TWh....more »
May 19, 2014 11:23
After taking over Romanian International Bank (RIB) last year, the Polish group Getin Holding enlarges its business portfolio in Romania by acquiring the domestic division of Volksbank Leasing International, in a transaction which includes VB Le...more »
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