Economics
January 29, 2014 16:51
The global specialist in energy management promotes Florentina Toth, currently Vice President of the company’s Energy Division, as Country President of the Romanian subsidiary. Thereby, starting February 1, 2014, Toth replaces Saulo Spaolanse, who has lead Schneider Romania since 2011 and who will take the same position within the group’s Singapore subsidiary....more »
January 29, 2014 15:59
Those interested in participating at the privatization of the chemical plant, still have the possibility to submit their binding offers following a postponement of the initial deadline – January 31, 2014, until March 28, 2014. The delay has been called by investors and was approved by Oltchim’s Committee and creditors which convened yesterday as per the request of the judicial administrators, Rominsolv and BDO Business Restructuring, is stated by a media release....more »
January 29, 2014 14:26
OMV Petrom and ExxonMobil officially got the licence for the deepwater area in the Black Sea’s Midia XV perimeter after the Government’s Decision in that respect was published yesterday in the Official Gazette of Romania, according to an informing sent to the Bucharest Stock Exchange. With the decision in question effective, the contract concluded in October 2012 by ExxonMobil and OMV Petrom, on one side and Sterling Resources and Petro Ventures Europe, on the other, for transferring hydrocarbons exploration and production rights for the said area, came into force....more »
January 28, 2014 12:39
Impact Developer & Contractor, one of the first players in the real estate market in Romania, anticipates an important advance within the coming years in terms of revenue which aims to grow up to 50 million euro annually, by 2018....more »
January 27, 2014 16:29
Farmexim, one of the main players in Romania’s medicine distribution market, starts the year with the inauguration of its 16 million euro investment - a logistics center located in Balotesti, near Bucharest. Part of an extensive investment program initiated in 2012 meant to support the dynamic growth rate recorded over the past years, the new center provides more spacious, modern facilities, being equipped with latest technology so as to obtain increased efficiency of all operations....more »
January 27, 2014 14:55
The selection process run by Hidroelectrica in view of appointing an agent for its initial public offering scheduled for June, this year, has been carried out, all technical bids being declared eligible. According to a notification published on hydro power producer’s website, the syndicate consisting of Raiffeisen Caputal & Investment and Morgan Stanely & Co International has been assigned to coordinate the said offering....more »
January 27, 2014 12:54
Nuclearelectrica fights back by suing the National Energy Regulatory Authority (ANRE) after the latter established a fixed-price for delivering electricity, compelling the energy producer to sell electricity at a lower price than the regular one on the market. According to a press release submitted to the Bucharest Stock Exchange, Nuclearelectrica filed last Thursday, January 23, a complaint with the Bucharest Court of Appeal, in that respect....more »
January 24, 2014 14:39
Carpatair got approved yesterday its request of becoming insolvent, aiming to proceed with a judicial reorganization. According to representatives of the airline, their request was due to the damages worth some 30 million euro arose from disputes with the Timisoara Airport concerning anticompetitive activities...more »
January 23, 2014 13:18
Bucharest Airports National Company (BANC) reports an increase of 5.4 percent in the number of passengers in the last month of 2013, maintaining a growth rate of over five percentage points for the second month in a row. Overall, the last year brought a progress of 1.35 percent in the passenger traffic for the two airports located in Romanian capital - Henri Coanda International Airport (Otopeni) and Aurel Vlaicu International Airport (Baneasa), according to a BANC’s press release....more »
January 22, 2014 13:04
After reaching record-high sales in 2012, last year was even better for Dacia which managed to improve the previous year performance by recording a 19.3 percent growth in sales, hence amounting to nearly 430.000 units sold throughout the world....more »
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