Economics
September 19, 2013 17:00
Romania raised EUR1.5 billion in a seven-year
euro-denominated bond transaction arranged by Citigroup, HSBC, Deutsche
Bank and Societe Generale.
The said amount was raised at 295 points over the
reference mid-swap rate which at this point is around 1.825%, meaning that the
yield of the bonds is 4.77%. Also, the order books amounted to EUR6.2
billion, exceeding more than four times the maximum amount targeted by the Romanian Ministry of Finance. Up to this point, Romania has sold nearly EUR
7 billion in leu-denominated notes and around EUR1.4 billion in three
euro-denominated auctions....more »
September 19, 2013 16:57
Despite the losses reported by the financial and banking sectors over the past years, the foreign shareholders of banks, insurers and leasing companies of Romanian subsidiaries allocated EUR 240 between in January and July 2013 to capital increases...more »
September 19, 2013 16:56
The 'Monitoring Methodolgy of the Regulated Electricity Market' has been approved by ANRE (the National Energy Regulatory Authority). The monitoring framework is based on the requirements stipulated by the Law no. 123/2012 on electricity and natural gas....more »
September 18, 2013 17:11
The automotive parts manufacturer will receive a loan of EUR122,5
million from the European Bank for Reconstruction and Development (BERD)
for developing the company's operations in several countries, including
Romania. Through this financing, Faurecia will support the investment
plan designed for the four countries where BERD operates: Maroc,
Polonia, Rusia and Romania. Faurecia, which is the world's sixth largest
automotive parts supplier has three unit productions in Romania: in
Craiova, Talmaciu and Mioveni....more »
September 18, 2013 17:09
Billions of Euros in losses for Romania due to lower price of wheat...more »
September 18, 2013 16:35
With a planned rentable area of over
70,000 sqm, the Mega Mall project in Bucharest is set to start construction
this year under a new shareholder structure. South-African real estate
investment fund NEPI has acquired 70 percent of the shares in the project from
a German firm specialized in developing
retail projects. The anchors of the
project are for the moment Carrefour , C&A and H&M....more »
September 18, 2013 10:21
The first seven months of 2013 saw a decrease of
over 30 percent in the foreign direct investment (FDI) figures
hitting an almost all times low. In 2012, the volume of FDI in Romania
amounted EUR 1.6 billion, the minimum of the past ten years....more »
September 17, 2013 16:34
The combined value of the wind projects in Romania
exceeds 3.5 billion Euro and have a total installed capacity of 2,100 MW. The leading investor in
wind energy is Czech group CEZ with a
total of 600 MW in two of the biggest onshore wind farms in Europe, Fantanele
and Cogealac....more »
September 16, 2013 16:32
The
renewable energy division of Energias de Portugal, EDP Renovaveis
continues the development of wind and solar parks and currently has
projects of over EUR200 million in Romania. During the first half of
2013 EDPR added 28 MW of operational projects in Romania and
another 144 MW under construction. Out of a total of EUR104 million
invested in the first half of this year, EUR84 million were allocated
for the European markets, particularly Poland and Romania, and the
rest to the North American market. The Portuguese company will invest
over EUR216 million to develop its 144 MW projects in Romania....more »
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