Economics
January 08, 2014 15:32
Romania’s Central Bank Board decided to cut down again the monetary policy rate during the first meeting of the year. Thus, starting January 9, 2014 the monetary rate will reach a new historic low – 3.75 percent per year....more »
January 07, 2014 16:44
US technologies manufacturer Honeywell has reached a definitive agreement with Federal-Mogul Corporation in order to sell its Friction Material Division. The transaction worth about $155 million should be completed in the second half of this year, according to a press release sent to Govnet....more »
January 06, 2014 11:26
The Romanian subsidiary of the Russian oil group Lukoil received from ANRE, the National Regulatory Authority for Energy, the construction permit for a solar park at the Petrotel-Lukoil oil refinery in Ploiesti....more »
January 02, 2014 13:04
Bucharest Municipal Court published on its website the decision of insolvency of Carrefour Romania based on a request of some of the retailer’s suppliers – GSL Loistic, a Bucharest-based distributor of diapers and accessories for children and adults....more »
December 20, 2013 14:17
Swan Office & Technology Park office building has been put up for sale by its official receiver for a starting price of 42,7 million euro, according to Mediafax. The office complex located in Pipera-Tunari was developed by Swan Property which is controlled by investment fund Chayton Capital, insolvent since January 2013...more »
December 20, 2013 11:52
Almost 24 years after construction started, Hidroelectrica inaugurated yesterday the Racovita Hydroelectric Power Plant, although, it will be effectively operational as from the beginning of the next year, upon a testing period. It is the 27th power plant already inaugurated out of 30 other power production facilities included in the project concerning the hydro-energetic development on the Olt river....more »
December 19, 2013 13:57
Piraeus Bank group has completed the sale of its subsidiary, ATE Bank Romania, to Dorinel Umbrarescu upon eventually getting all the required approvals, a press release of the Greek bank informs....more »
December 18, 2013 15:36
The asset-quality in Romania’s banking sector will continue deteriorating in 2014, according to a Fitch Rating analysis which also indicates that it will determine additional impairment provisions which will put pressure on regulatory capital. Banks are likely to remain weak in terms of profitability next year, as the operating environment will remain difficult and the economic recovery, fragile, yet it should slightly increase over 2013, as non-performing loans (NPL) start to stagnate....more »
December 18, 2013 11:43
After paying almost 62 million euro for the Lakeview office building, which has been considered the biggest real estate transaction in 2013, the South-African Group has acquired City Park Constanta shopping center for 81 million euro, according to ZF....more »
December 17, 2013 13:52
New Dacia car registrations increased by 21.1% between January and November, 2103 recording the highest growth among the EU countries this year. Dacia’s sales rate significantly improved in November 2013, over the same month last year, registering a progress of 31.1%, according to an ACEA’s report. ...more »
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