Economics
August 23, 2016 17:00
Eximbank won the tender organized by the Romanian Post for a loan of 60 million lei, with a repayment period of 36 months to finance its working capital. " Winning this financing tender in the competitive process organized by the Romanian Post...more »
July 21, 2016 16:40
Pony Car Sharing, the first car sharing company in Romania established in Cluj in 2015 is now developing a program dedicated to the business environment that will allow employees from partnering buildings to drive and return a car in a station based car sharing for daily business trips. The company plans to purchase 15 BMWs i3 by the end of the year that will be used in a series of programs in Cluj and Bucharest, a record in Romania for this type of acquisition so far, becoming the first sharing company in the country that owns an electric fleet....more »
July 18, 2016 16:03
A growth of 17 % compared to 2014 placed Romania on the 6th place in Europe when it comes to jobs created by foreign direct investments (FDI). In 2015 there were 12 000 jobs created by FDIs, according to Ernst & Young European Attractiveness Survey 2016. FDIs in Europe reached their historical maximum – 5.083 projects that generated 217.666 new workplaces. Western Europe is still the most attractive hub, with 77 % of the projects, out of which 51% are hosted by UK, Germany and France....more »
July 14, 2016 16:59
President Iohannis promulgated on 11th of July the law that binds hypermarkets to market 51% Romanian products. The normative act was adopted unanimously with 293 votes by the Chamber of Deputies in June. Before being subject to final vote, the draft law was contested and postponed by the associations that claimed the provisions breach the Romanian and European regulations and the principles of single market. Moreover, that it has the potential to affect massively the normal functioning of grocery retail....more »
July 14, 2016 16:55
Telecom operator RCS&RDS is the new energy supplier of the Romanian Television (SRTv), whereas CEZ is going to supply for Dacia Renault plant, the biggest company in Romania. RCS&RDS has won the bidding against Electrica, Industrial Energy, Elsaco and Enel Energie Muntenia. The contract period is one year, until July 2017, and RCS&RDS is going to charge 2.2 million RON (approx 490 000 EURO) without VAT, for delivering 6.842 MW (medium tension) to the headquarter in Bucharest, and 52.5 MW (low and medium tension) to the studios in Targu Mures, Cluj, Iasi, Craiova, and three more....more »
July 04, 2016 10:41
According to an emergency ordinance promoted by the Government, the operators are accountable for the waste generated by their primary, secondary and tertiary packaging, excepting the waste generated by packaging at the sales point of their products. For these, the operators that overpack individually packed products in order to sell or redistribute it, are responsible.  Also, the operators that lease under any form, with professional title, the packaging, are responsible for the waste....more »
July 01, 2016 15:23
After a year where the company's profit dropped to 320 000 euro comparing to 9.4 million euro the previous year, and 21.3 million euro revenue from 64.4 million euro, businessman Valer Blidar, manager of Astra Vagoane Calatori in Arad, decided to start production for electric buses and trolleybuses and hopes to double the revenue by the end of the year.  “We launched two production lines, one for electric buses, and one for electric trolleybuses. I recently came back from France, where I signed a agreement with a large component producer that we will be collaborating with”, says Valer Blidar. ...more »
June 30, 2016 13:42
The Ministry of Energy proposed the Government to freeze the price for natural gas for population for the next nine months, until 31st of March 2017, according to a draft decision.  The current calendar agreed by the government with the ...more »
June 30, 2016 13:38
Law firm PeliFilip assisted Argo Group in the sale of retail park Shopping City Sibiu to NEPI, a 100 million euro transaction , which sets it as one of the reference real estate transactions in Romania in 2016. PeliFilip legal team involved in the transaction was coordinated by Oana Bădărău and included them on Gianina Gavanescu and Mihaela Ispas, Senior Associates....more »
June 21, 2016 16:13
After 4 years of insolvency, the Bucharest Court decided on the 21st of June that hydro power producer Hidroelectrica can exit insolvency. Since 2012, Hidroelectrica has faced two insolvency procedures (2012-2013 and February 2014 – to date). During this years the company returned loans to banks and cancelled 11 onerous bilateral contracts worth 1.1 billion euro with several energy traders and final consumers: Energy Holding, Alpiq Romindustries, Alpiq Romenergie, Energy Financing Team, Alro Slatina, ArcelorMittal Galati, Electromagnetica, Electrocarbon, Euro-Pec, Elsid, Luxten....more »
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