Economics
Moody's changes outlook on Romania's Baa3 rating to stable
April 28, 2014 12:31
Moody’s Investors Service has changed the outlook on Romania’s Baa3 government bond rating to stable from negative following improved fiscal and current account metrics and lower risks to growth and balance of payments from Euro area in 2013, also affirming the P-3 short term rating on government bond, according to a press release....more »
Victoria City Center, a new real estate project, will be developed in Bucharest
April 25, 2014 11:19
Benevo has obtained the construction permit for Victoria City Center, project that was initially scheduled to start at the beginning of the year, thus the company announces that construction works will eventually begin this July after the contracting of a construction company planned for the following month. Its opening is expected next year, in October....more »
Dona pharmacy network runs a 15 million euro rebranding project
April 24, 2014 14:38
Dona pharmacy network has started a rebranding process that will be implemented over the coming 4-5 years and for which assigned a budget of 15 million euro. Apart from the 240 units across the country which will be redecorated and improved, its...more »
Philips bets on innovation in Romania, too
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 »
Aversa Manufacturing wins the litigation with the State Assets Management Authority
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 »
Epstein’s ongoing projects in Romania add up to 40 mln euro
April 23, 2014 10:08
As last year when Epstein undertook projects worth some 40 million euro, the US-based engineering and construction company anticipates that 2014 will at least equal the previous one in terms of the value of contracted works. The list includes a new production facility where Aversa Manufacturing, the centrifugal pumps manufacturer, will be relocated - that only amounting to 15 million euro, according to Mediafax....more »
Bank of Cyprus sold 10 percent of the stake held in Banca Transilvania
April 22, 2014 11:26
Banca Transilvania has a new shareholding structure, with its majority capital becoming Romanian, after Bank of Cyprus sold last Friday, April 18, nearly 10 percent of its stake – about 220 million shares, according to a notification posted on...more »
Car market is revving up: 22 pct growth in Q1. Dacia, the best results within the EU
April 17, 2014 12:35
Romanian car market keeps up the positive evolution, the overall sales of passenger cars and commercial vehicles increasing by close to 22 percent in Q1 in 2014 over the same interval last year. Passenger cars, solely, have seen growing sales by...more »
Nearly 30 mln lei to be paid by companies that have not met the mandatory quota of GCs
April 16, 2014 16:36
Romania’s Energy Regulatory Authority has released a list of 15 economic operators that have not meet the 2013 mandatory quota of green certificates they had to acquire. As they failed to comply with the ANRE’s directive in that regard, they will have to pay some 528 lei/remaining GC, a price double than the upper limit trading set for the last year – approximately 264 lei....more »
Customer Service Business Safari (CSBS)
April 16, 2014 15:34
Customer Service Business Safari (CSBS) is a program similar to a mini-MBA, that focuses on SME owners, managers, and Romanian specialists that want to apply loyalty excellent customer service programs. The CSBS program is a developed version ...more »
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