Economics
Exports hit record high in October 2013 - Romania’s trade deficit narrows
December 10, 2013 13:47
Exports level reaches record high in October 2013 when the FOB (Free On Board) exports amounted to 4.7 billion euro. According to the preliminary estimations of INS (the National Institute of Statistics), CIF (Cost, Insurance & Freight) imports reached about 5.35 billion euro during the evaluated period....more »
Martifer completes two solar plants in Romania
December 06, 2013 12:10
EPC contractor Martifer Solar, the Romanian subsidiary of Martifer SGPS has completed the construction of two photovoltaic plants – one with an installed capacity of 2.03MW located in Halchiu, Brasov County and other of 3.38MW in Magurele, near Bucharest. The project was developed for Eurowind Energy A/S, Martifer being responsible for the engineering, procurement and construction of the two PV plants....more »
Tinmar draws out a 10 mln euro worth refinancing for a PV plant from GarantiBank
December 05, 2013 15:47
GarantiBank provided a refinancing of 10 million euro to Tinmar, one of the largest private electricity traders in Romania. The amount is for a photovoltaic plant having an installed capacity of 10MW located in Bucsani, Giurgiu County, which is part of an 18.5MW solar park inaugurated this summer. This loan does not cover but 70% of the whole investment worth 15 million euro, being granted for an almost ten-year period, according to a press release from the bank....more »
BVB: Romgaz and Nuclearelectrica, included in BET indices
December 05, 2013 12:26
Bucharest Stock Exchange (BVB) adjusted the composition of its indices and rebalanced them after the Index Committee meeting past Tuesday, December 3. Following the adjustment, the shares of both Romgaz (symbol SNG) and Nuclearelectrica (symbol SNN) were included in BET, BET-XT, BET-BK and, consequently, in BET-NG and BET-C indices....more »
Hidroelectrica’s Supervisory Board has a new president
December 04, 2013 15:09
Hidroelectrica’s recently appointed Supervisory Board had its first meeting on December 3, 2013, George Cristodorescu being elected as president. Cristodorescu is E.ON Romania former Deputy Director – he held this position until September, this year – a German citizen with a bachelor’s degree in economics – business administration at Worms University in Germany....more »
Business tourism, still the best chance for luxury hotels
December 04, 2013 12:51
China and Central-East Europe Economic Forum, George Enescu Festival, UEFA Europe League 2012 Final or even the recent football game between Romania and Greece do not seem to have very much in common. Yet, the Bucharest’s hospitality industry surely has a distinct point of view – these events are highly important income sources for the industry. Unfortunately, they are also isolated, remaining occasional, but very welcome revenue resources moreover since the profit from the leisure tourism segment is almost non-existent for some of those in this branch....more »
Five Romanian companies in Deloitte's Technology Fast 500 EMEA 2013
December 04, 2013 10:11
Romania improves its performance in 2013, increasing to five the number of companies listed in the Deloitte Technology FAST 500 EMEA 2013 ranking, compared with the previous two years when there were four companies ranked: Vola.ro (ranked 17), TeamNet International (217), Crys Computers (333), SmartTel (487) and Fortech (491). ...more »
More expensive land, yet, up to 8 times below the European average
December 02, 2013 14:53
Despite an increase close to 60% of the average price of agricultural land over the past two years, Romania is still low-priced compared with most of the European countries. According to Mediafax, a report released by DTZ Echinox indicates an average price of 3.100 euro/ha, a price that is 2 up to 8 times lower than in other states across Europe....more »
Extended trading program on Bucharest Stock Exchange
November 29, 2013 11:29
The Bucharest Stock Exchange (BVB) decided to align to Europe’s major stock exchanges trading program which ends at 18:00 p.m. EET, according to a BVB’s release. BVB will extend therefore the trading program for the following financial instruments of the regulated spot market – shares, fund units and rights, from 16:45 to 18:00 p.m. starting January 3, 2014 when the first trading session of the next year is scheduled. ASF (the Financial Supervisory Authority) approved this change last week.  ...more »
NEPI raises 50 mln euro for three potential acquisitions - two, in Romania
November 28, 2013 15:27
One of the most dynamic investor on Romania’s real estate market, NEPI, increases its capital by approximately 50 million euro, amount needed for three possible acquisitions. The capital increase is supported through an accelerated book build process set for today and that recently closed according to an informing the company sent to Bucharest Stock Exchange (BVB)....more »
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