General
May 14, 2014 16:09
Investors are showing increasing confidence in investing in the Eastern European region, approaching levels similar to those recorded within 2003 and 2007, reveals Deloitte’s latest survey – Deloitte CE Private Equity Confidence. Some 60 percent of respondents - twice as many as in the previous research and the maximum in the past two years - expect a revival in terms of deal activity, hence the economic downturn might eventually come to an end....more »
May 13, 2014 16:49
Ion-Toni Teau took over the CEO position within Transelectrica, after the Transmission and System Operator and Stefan Doru Bucataru, who formerly held this function had mutually terminated the agreement, is announced by a company release. Teau had been previously the President of Transelectrica’s Supervisory Board and the mandate in the new position ends once the period for which Bucataru was initially appointed expires....more »
May 07, 2014 14:21
The Hungarian-based oil and gas group today announced the sale-purchase agreement with Eni for 208 filling stations in the Czech Republic, Slovakia and Romania where operates under Agip brand. In the related agreement is also included the takeover of Eni’s wholesale business in all three countries. The transaction is part of MOL’s downstream strategy of increasing retail market presence, country coverage and customer base, as explained in a news release. Completion of the deal is subject to the fulfillment of certain pre-conditions, though, among others obtaining of the necessary antitrust clearances....more »
May 06, 2014 16:04
Michelin today announced that its plant in Budapest, Hungary where production includes truck tires sold under the Taurus, Riken and Kormoran brands will terminate operations and will close the next year. The project which has been allocated 39 million euro involves the transfer of production mainly to the company’s facilities in Olsztyn (Poland), Zalau (Romania), Karlsruhe and Homburg (Germany). ...more »
May 06, 2014 10:05
Emon Electric, a regional leader in transport and electric power distribution, industry, electric traction and telecommunication infrastructure, becomes member of Monsson Group after a transaction in which the latter has taken over a majority stake, is announced through a press release....more »
May 05, 2014 11:40
Schneider Electric  today announced that it has been recognized by the US information technology research and advisory company Gartner as a leader in the Magic Quadrant for Advanced Distribution Management System (ADMS)....more »
April 29, 2014 11:10
Stefan Frangulea, formerly Director of the Sales Management Division within BCR Pensions, has been appointed as Manager of Hidroelectrica’s Strategy and International Cooperation Department, from the new position being in charge with coordinating the privatization strategy and selling the small hydropower plants from the company’s portfolio....more »
April 28, 2014 16:17
The Netherlands Romanian Chamber of Commerce (NRCC), in close collaboration with the Embassy of The Netherlands, celebrated last Friday, April 25, the Orange Night – an event dedicated to the birthday of King Willem-Alexander of The Netherlands, the first King’s Day in history, as previously the Dutch throne had been occupied exclusively by queens....more »
April 24, 2014 13:12
Romania is ready to align to the European Community standards in terms of technological innovation which can be implemented here, as well, so as to support the Europe 2020 strategy for smart, sustainable and inclusive growth. Philips, with the support of the Netherlands Romanian Chamber of Commerce organized earlier this week the conference Opportunities through innovation. The 2014-2020 Agenda: Health, Energy Efficiency and Water Management, within which delegates of several Dutch companies in the technology field have presented their view on how innovative technologies can be applied by the public sector....more »
April 23, 2014 16:19
Aversa Manufacturing has won the lawsuit filed by the State Assets Management Authority in September last year which disputed the tendering procedures of the takeover bid for Aversa. The Bucharest Court rejected the SAAA’s appeal and allowing the centrifugal pumps manufacturer to carry on its operations, as it complied with all requirements of the tender offer in accordance with the related specifications, the company announces through a press release....more »
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