Investments
January 22, 2016 12:38
The Ministry of Public Finance estimates that there will be two new sessions, in March and July 2016, which will enable companies to submit financing requests based on the state aid scheme for salary costs (regulated by G.D. 332/2014). The opening day of the sessions as well as the related budget will be announced on the website at least 30 days before their opening. The total budget allocated for this state aid scheme for 2016 is RON 450 million. Should this budget not be entirely used in the first session in March 2016, a new session will be opened in July 2016....more »
December 15, 2015 09:53
The shareholders of Autonet group of companies, the leading service provider on the Romanian automotive aftermarket, have closed a transaction with Swiss Automotive Group (SAG), one of the largest European independent provider of car parts. From here on, Autonet companies will be comprised within a holding, with SAG owning 51% of the shares, and the existing Autonet shareholders 49%. SAG and Autonet will continue to operate separately within their own markets....more »
November 26, 2015 11:09
The company Vector Watch, founded by Romanian entrepreneur Radu Georgescu obtained the third financing after it's launch in value of 5 million dollars. The funds will be used to extend US office and product development. Financing came from parent company Gecad Group that led the investment with 2 mil. $, Followed by 3TS Fund Catalyst Romania 1.6 mil. $ and a number of private investors among which the co-founders of eMag who made the difference of 1.4 mil. $. ...more »
November 25, 2015 11:07
Garanti Bank granted a loan of 8.3 million euros to finance Ramada Plaza Hotel in Craiova, the second of its kind in the country. The Ramada Plaza in Craiova consists of three buildings totaling an area of 16,000 square meters and includes 162 accommodation units, a conference room with capacity for 500 people, two meeting rooms, 2 restaurants, and a spa facility....more »
November 10, 2015 16:31
bpv Grigorescu Stefanica, an independent Romanian law firm with a full service offering for projects and litigation and a combination of legal......more »
November 10, 2015 16:02
Globalworth investment fund, the company founded and lead by Greek business man Ioannis Papalekas, bought the B building of the Green Court office complex from the Swedish firm Skanska......more »
October 29, 2015 15:29
A-Heat, a leading and globally active group of
companies specialized in refrigeration engineering, air conditioning, as well as
process engineering, with shares in leading industrial enterprises, plans to
make Bucharest the thermal capital of Europe......more »
October 20, 2015 09:35
On October 15th 2015, the International
Investment Bank opened the Romanian Stock Exchange business
day.This was done in celebration of its having issued......more »
October 16, 2015 15:03
Tuca Zbarcea and Associates legally assisted
Interbrands Marketing and Distribution in the acquisition of GlaxoSmithKline's
Europharm Holding...more »
