Economics

Bert Fol left Russia for taking over the leadership of Radisson Blu Hotel, Bucharest, the largest five star hotel in the country. He replaces Yilmaz Yildirimlar who has been promoted as Regional Director Park Inn Hotels in Russia....more »

EDP Renovaveis (EDPR), a leading developer in the green energy field, takes a loan worth 20 million euro from the European Bank for Reconstruction and Development (EBRD) for the construction and operation of six solar parks in Oltenia region. Additionally, EDPR will access a parallel facility of 10 million euro from the Black Sea Trade Development Bank (BSTDB) for the photovoltaic parks which will have an installed capacity totaling 50 MW, a press release from the EBRD announces....more »

Speedy AD, a leading courier company in Bulgaria, plans to fully take over Dynamic Parcel Distribution Romania and GeoPost Bulgaria according to its regional development strategy, an informing on the Bulgarian Stock Exchange states....more »

The Executive Board of the International Monetary Fund (IMF) yesterday completed the first and second reviews of Romania’s economic evolution under the conditions agreed in the 2-year Stand-By Arrangement (SBA). The arrangement was concluded last fall and it is treated as precautionary by the Romanian authorities. An IMF Mission came to Bucharest in late-January for a two-week visit for assessing the country's performance in reltion to the economic criteria agreed....more »

The South African investment group NEPI (New Europe Property
Investment) has been provided a 20 million euro loan by Garanti Bank, a member of Turkiye Garanti Bankasi AS, for
refinancing part of the investment in Shopping City Galati, proper...more »

A power plant using biogas generated by organic waste deposited in Oradea’s landfill was inaugurated yesterday, Agerpres newswire informs. The landfill is managed by Eco Bihor, a private company, and the biogas resulted from anaerobic degradation is used by that station to produce both electricity and heat....more »

As anticipated, the Government intends to reduce the quota of subsidized electricity from renewable sources. Hence, according to a draft resolution of the Government, the quota of electricity which this year benefits from green certificates (GCs), will be reduced from 15 to 11.1 percent of gross electricity consumption. ...more »

Globalworth Real Estate Investments announces the signing of lease agreements with Vodafone and Huawei for 37.5 percent of the available leasable area in Bucharest One, the office tower which will be completed in the last quarter of the next year. Vodafone has leased 16.000 m2 for a ten-year period in the new building located in Northern Bucharest – Floreasca/ Barbu Vacarescu area. With the other tenant, Huawei, the investment fund has concluded an agreement for leasing 2.500 m2 for a five-year period....more »

Remus Borza, the judiciary administrator of Hidroelectrica, announces major changes within the company’s management. The first one – Adrian Gheorghe, who has been today appointed as Manager of the Financial Department, replacing Gergeta Iosif that has had this position since 2012....more »

Romania’s
power grid operator is new member of the American Chamber of Commerce in
Romania, an advocacy and business growth professional association.
“It is particularly important for
Transelectrica the exchange of experience in the fields...more »
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