Economics
November 18, 2013 16:54
Law firm Schoenherr provided its legal services to UNIQA Real Estate AG (member of UNIQA Group Austria), being the company’s legal adviser in the purchase of a Bucharest based office building. The developer of the project is RO Naturestein SRL and the transaction was settled last July....more »
November 18, 2013 14:23
The restrictions on pork exports imposed on Romania are going to be eventually lifted. Thus, starting January 1, 2014, Romania will be able to resume the exports to EU countries, according to the President of the National Sanitary Veterinary and Food Safety Authority (ANSVSA), Vladimir Manastireanu, Agerpres informs....more »
November 18, 2013 11:19
As expected, the first meeting of TAROM’s new Board of Directors meant the election of its president. Dante Stein, the Honorary Adviser to Prime Minister has been appointed this position, while Manuel Donescu, Secretary of State for Transport, was designated to fill the Vice President position, TAROM informs through a press release....more »
November 15, 2013 15:13
Greater attractiveness, competitiveness, these are two of the most used words in connection to Romania when it comes to investments nowadays. However, they don’t have much relevance since the foreign direct investments, the segment where these indicators could possibly materialize, suffered a significant decline this year. So, if it would be to look for the best word describing Romania from this point of view, it will probably be potential....more »
November 14, 2013 14:05
Romania’s economy registered an unanticipated improvement in Q3 over the first six months of the year. Preliminary estimations indicate a growth of 1.6% of the gross domestic product (GDP) compared with the April 1 – June 30 period, according to the statistics released earlier today by the National Institute of Statistics (INS)...more »
November 14, 2013 13:14
Romania’s national power grid company Transelectrica registers lower revenue on decline in the revenue got from the balancing market and in the amount of electricity supplied. As per the preliminary results, before audit, released by the state-owned company, the first nine months of the year brought a turnover of around RON1.68 billion, down 20% over the same period in 2012. ...more »
November 13, 2013 13:57
While in London for the official launch of Romgaz’s GDRs (Global Depository Receipts) trading, Romania’s Prime Minister Victor Ponta took the opportunity and met possible investors interested in Romania’s business sector. Thus, after openin...more »
November 13, 2013 12:15
Romanian energy producers seem to be back on business after insolvency issues or losses registered over the past years. Putting Romgaz aside, which is one the most profitable companies in Romania and that enjoys a huge success these days, Nucle...more »
November 12, 2013 16:23
Skytron Energy has been awarded a 50MWp photovoltaic project by Romanian EPC company LSG Building to provide monitoring and controlling services. Given the challenging Romanian specifications related to the construction of PV power plants, the German company’s support is essential so that the afferent requirements are met....more »
November 12, 2013 14:45
In a real estate market facing a decline lately, where investors moved their businesses away and the remaining ones struggle to keep afloat, AFI Europe succeeded to fully lease its office building, AFI Park 2 to Electronic Arts. This is AFI’s biggest and most important lease in Romania this year, moreover since the building is still under construction....more »
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