Economics
November 28, 2017 11:31
Bittnet , the first IT company listed
on the AeRO market of Bucharest Stock Exchange (BVB), launched its
second corporate bonds issuance worth a total of RON 4.5 million,
which began trading on the Alternative Trading System of BVB from
November 28, 2017. The funds thus obtained will be used to chiefly
finance the acquisition of Gecad Net, founded and previously
controlled by the local entrepreneur Radu Georgescu....more »
November 27, 2017 15:15
Globalworth Real Estate Investments Limited, announced the intention to acquire five office buildings in Romania and Poland (through GPRE), development projects on the land owned in Bucharest and Timisoara and the intention to develop new projects in Bucharest and Warsaw (through GPRE)....more »
November 27, 2017 14:56
Romania has a large labor force deficit, mainly in construction, IT, agriculture and healthcare, declared labor Minister Lia Olguta Vasilescu.
"The largest labor shortage that Romania currently has is in construction, IT, agriculture and healthcare. The most problematic sectors are construction and agriculture, as the majority of people who left the country are working in these areas in the EU pointed out the minister. "Construction and agriculture are the most problematic, but the majority of people who left the country are working in these areas in the EU"
...more »
November 16, 2017 12:25
The Association of Romanian Electricity Suppliers - AFEER organized the 3rd edition of its annual conference on the effects and challenges of the new market liberalization.
"The liberalization of the energy market remains a topic of relevance. All of us - market participants, consumers, authorities - we have questions, we are looking for answers. Under the conditions of rising energy prices, switching to a free market for a consumer can become an advantageous option. On the other hand, in the face of new challenges, suppliers are forced to reinvent themselves, to come up with new products and services to keep customers close and to constantly conquer new customers, "said Mr. Ion Lungu, President of AFEER....more »
November 10, 2017 15:12
The Bucharest office market saw a net take-up of close to 45,000 sqm in this year’s third quarter. According to data from the real estate consultancy company Colliers International, the demand came mostly from IT and BPO/SSC companies, including from the new entries in the market: Amazon, GoPro and Systematic.
...more »
November 09, 2017 14:01
FAN Courier, the leader of the local courier market, launches this month eBOX, the online delivery option that allows customers to take full control of deliveries and pick them from lockers with 24/7 access. The new service, implemented as a pilot project in Bucharest, is an alternative to the classic courier service, intended for people who can not or will not wait for the courier to the address....more »
November 09, 2017 13:55
“The much discussed and debated ordinance that contains amendments to the Tax Code included in the governance program, meaning long time known changes approved by Parliament, brings important benefits to citizens and companies that operate in Romania" says Finance Minister Ionut Misa, but it seems that not everyone agrees to the proposed measures.
...more »
November 02, 2017 10:50
The Competition Council is willing to accept the exemption of renewable energy and Black Sea gas producers from the stock exchange trading rule said Bogdan Chiriţoiu, the president of the institution in the Energy Transition conference in Bucharest.
"The problem that we have in Romania is that the large electricity producers are state-owned and large state-owned companies are suspect of corruption, hence the ban that these companies can make long-term bilateral contracts because we are afraid of what they would do, what would happen to these contracts if we let the big state producers complete them," Chiriţoiu said.
...more »
October 30, 2017 15:52
The European Investment Bank (EIB) is lending EUR 50m to Transgaz, the national gas transmission company of Romania, to finance the construction of a new European gas transmission corridor to increase security of gas supply and to reduce energy dependence by making it possible to diversify gas supply routes and sources. This operation is backed by the European Fund for Strategic Investments (EFSI) under the Investment Plan for Europe (IPE) announced the EIB.
...more »
October 27, 2017 16:08
The retail market in Romania is taking full advantage of the increase in consumption, but this trend will probably not last long, representatives of the shopping centers think. They are already talking about the transformation of the retail mix by accentuating the areas that are not strictly shopping-related....more »
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