Economics
June 04, 2014 11:55
The domestic economy has absorbed net investment of approximately 11.2 billion lei in the first quarter of the year, the figures released by the National Institute of Statistics (INSSE) indicating a decline by 7.4 percent year-on-year. The decre...more »
June 03, 2014 12:51
The first phase of the Liberty Technology project in Cluj-Napoca has been fully leased with Siemens letting 3000 sqm in the business park. Seven companies are already located there since its opening in December 2013, the domestic subsidiary of the German-based engineering group joining Halcyon Mobile, Recall, La Casa, Makronetz, Ecuson Studio, Spherik Accelerator and Tulemod, according to the project developer, Fribourg Capital. Siemens will effectively relocate one of its departments in Liberty Technology Park starting August 2014....more »
June 03, 2014 11:33
Romtelecom and Cosmote, both controlled by the Greek telecommunications group OTE, whose major shareholder is Deutsche Telekom, started negotiations with Ericsson for outsourcing the maintenance, monitoring and operation network services, announced representatives of the two companies, according to HotNews.ro....more »
June 02, 2014 17:49
Philips Lighting, the global market leader in the development, manufacturing and application of innovative lighting solutions, will have a new general manager as from June 16, Bogdan Balaci being appointed to lead the operations in the Southeast...more »
June 02, 2014 15:48
Renault Twizy, the French-based car manufacturer's all-electric vehicle, is now available in Romania, after four years since the official launching. Romanians who wish to drive a Twizy will have to pay for the two-seater car a starting price of 7000 euro, VAT included, plus the monthly rate for the incorporated battery, states a press release....more »
June 02, 2014 13:55
The first four months of the year have recorded an advance both in terms of tourists’ arrivals and with regard to overnight stays in Romania, according to the data released by the National Institute of Statistics (INSSE). ...more »
June 02, 2014 12:30
Hidroelectrica announces the launch of an international open tender for the refurbishment of the Stejaru hydroelectric plant in the Neamt County – in operation since 1960, a project of 75 million euro. The state-owned company sent on May 16 the related documentation for the tender to the National Authority for Regulating and Monitoring Public Procurement for examination. ...more »
May 30, 2014 17:20
Electrica announced today its intention to launch an Initial Public Offering of new ordinary shares in the share capital and global depositary receipts (GDRs) to be listed on the Bucharest Stock Exchange (the shares) and on the London ...more »
May 30, 2014 12:15
A Mission of the International Monetary Fund will arrive next Monday, June 2, in Bucharest for the third review of the 2-year Stand-By Arrangement (SBA). It is an intermediary review requested by the Romanian authorities and it coincides with the planned Article IV consultation and the mid-year budget rectification. ...more »
May 28, 2014 12:53
Romania is placed as the third most attractive destination for foreign investment within the countries in the Central Eastern European region following EY’s annual report, European Attractiveness Survey. Poland and the Czech Republic maintain ...more »
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