Economics
March 31, 2014 10:41
The short-list for the upcoming 9th annual EuropaProperty SEE Real Estate Awards, representing the most outstanding and accomplished projects, companies and individuals throughout the SEE region in 2013, has been announced. Furthermore, leading players from the dynamic SEE real estate markets are now braced to take part in the region’s premier commercial real estate awards event on April 10th 2014, at the Athenee Hilton Hotel, Bucharest, Romania. ...more »
March 28, 2014 15:20
Bert Fol left Russia for taking over the leadership of Radisson Blu Hotel, Bucharest, the largest five star hotel in the country.  He replaces Yilmaz Yildirimlar who has been promoted as Regional Director Park Inn Hotels in Russia....more »
March 28, 2014 12:08
EDP Renovaveis (EDPR), a leading developer in the green energy field, takes a loan worth 20 million euro from the European Bank for Reconstruction and Development (EBRD) for the construction and operation of six solar parks in Oltenia region. Additionally, EDPR will access a parallel facility of 10 million euro from the Black Sea Trade Development Bank (BSTDB) for the photovoltaic parks which will have an installed capacity totaling 50 MW, a press release from the EBRD announces....more »
March 27, 2014 16:07
Speedy AD, a leading courier company in Bulgaria, plans to fully take over Dynamic Parcel Distribution Romania and GeoPost Bulgaria according to its regional development strategy, an informing on the Bulgarian Stock Exchange states....more »
March 27, 2014 13:11
The Executive Board of the International Monetary Fund (IMF) yesterday completed the first and second reviews of Romania’s economic evolution under the conditions agreed in the 2-year Stand-By Arrangement (SBA). The arrangement was concluded last fall and it is treated as precautionary by the Romanian authorities. An IMF Mission came to Bucharest in late-January for a two-week visit for assessing the country's performance in reltion to the economic criteria agreed....more »
March 26, 2014 11:06
The South African investment group NEPI (New Europe Property Investment) has been provided a 20 million euro loan by Garanti Bank, a member of Turkiye Garanti Bankasi AS, for refinancing part of the investment in Shopping City Galati, proper...more »
March 26, 2014 10:52
A power plant using biogas generated by organic waste deposited in Oradea’s landfill was inaugurated yesterday, Agerpres newswire informs. The landfill is managed by Eco Bihor, a private company, and the biogas resulted from anaerobic degradation is used by that station to produce both electricity and heat....more »
March 25, 2014 15:21
As anticipated, the Government intends to reduce the quota of subsidized electricity from renewable sources. Hence, according to a draft resolution of the Government, the quota of electricity which this year benefits from green certificates (GCs), will be reduced from 15 to 11.1 percent of gross electricity consumption. ...more »
March 25, 2014 12:38
Globalworth Real Estate Investments announces the signing of lease agreements with Vodafone and Huawei for 37.5 percent of the available leasable area in Bucharest One, the office tower which will be completed in the last quarter of the next year. Vodafone has leased 16.000 m2 for a ten-year period in the new building located in Northern Bucharest – Floreasca/ Barbu Vacarescu area. With the other tenant, Huawei, the investment fund has concluded an agreement for leasing 2.500 m2 for a five-year period....more »
March 24, 2014 15:41
Remus Borza, the judiciary administrator of Hidroelectrica, announces major changes within the company’s management. The first one – Adrian Gheorghe, who has been today appointed as Manager of the Financial Department, replacing Gergeta Iosif that has had this position since 2012....more »
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