Economics
The 2018 Romanian Courier and Postal Services Champions of the Year were Awarded in a Special Gala
December 17, 2018 10:56
The fifth annual edition of the Courier and Postal Services Awards Gala gathered some of the most important national and international companies active in the sector to celebrate and reward the achievements, success stories and dedication of companies and individuals that keep the sector on the move. The courier and postal services industry champions of the year received a formal recognition in front of over 100 industry managers, clients and service providers. FAN Courier has won the award for the courier company of the year and Octavian Baltaru, CEO of Sameday Courier has been awarded as Manager of the Year in the courier and postal services sector....more »
MFP announced five grant agreements under the state aid scheme
December 10, 2018 13:26
The Ministry of Finance signed five more grant agreements under the state aid scheme for stimulating major investments, as established by GD 807/2014.  The approved projects will create 1,272 new jobs, have a total value of 1 billion lei and ...more »
FAN Courier announces 145 million euro turnover and 27.5 million in investments
December 06, 2018 13:20
FAN Courier announced the company expects to close this financial year with a turnover of 145 million euros, in line with its initial forecast, in a consolidated market that will exceed half a billion euros this year. In the 20 years of activity on the Romanian market, FAN Courier has made investments of over 135 million Euros and has become one of the major contributors to the state budget with over 164 million Euros cumulative since 2001. ...more »
The Competition Council has sanctioned nine insurance companies with 53 million euro
December 04, 2018 16:19
The Competition Council has sanctioned nine insurance companies and the National Union of Insurance and Reinsurance Companies of Romania (UNSAR) with total fines of 246,739,195.6 lei (about 53 million euros) for violation of the national and European competition regulations by coordinating market behavior in order to increase the compulsory civil liability insurance (RCA) rates....more »
Changes in the management team of DPD Romania
November 27, 2018 12:41
DPD Romania, one of the most important players on the local parcel and express delivery market, announces strategic changes in the leadership team. ...more »
Distribution Oltenia launches the first greenfield transformer station in its distribution area
November 26, 2018 14:04
Oltenia Energy Distribution inaugurates the 110/20 kV transformer power station for the Eastern Industrial Zone of Craiova (ZIEC), the first greenfield project in Oltenia to improve the quality of energy distribution for both domestic and industrial consumers . The project was completed within 17 months and had a total value of 5.52 million euros (CAPEX), from its own sources. ZIEC is the second largest investment in the history of Distributie Oltenia, after the modernization of Craiova Centru station and illustrates the company's mission to become a strong local partner, supporting the development plans of the region. The station was built with the support of the local public authorities: Dolj County Council, Dolj County Prefect Institution, Craiova City Hall and Gherceşti Town Hall....more »
Romania will launch 5G services by 2020
November 21, 2018 12:54
The Government of Romania, together with the other European Union member states have agreed to the commercial launch of 5G technology in the first major cities in 2020 and the coverage of all urban centers and main transport routes by 2025. To this...more »
Nine financing grants of 491.2 million lei through state aid scheme were approved
November 14, 2018 10:19
The first nine financing agreements granted on the basis of the state aid scheme for stimulating major investments (807/2014) were signed today by the Minister of Public Finances, Mr. Eugen Teodorovici, on November 12th. The signing ceremony took place at Victoria Palace, in the presence of the Prime Minister, Ms. Viorica Dăncilă. "I am very pleased to have signed today the first 9 investment projects that will bring added value to the Romanian economy. The benefits they will bring have to be seen from two perspectives - the development of the region where the investment will be made and the creation of almost 2,000 of new jobs, "said Minister of Public Finance, Mr. Eugen Teodorovici....more »
Black Sea Oil & Gas and Transgaz signed a contract for the transportation of natural gas from the Black Sea
November 09, 2018 16:05
Black Sea Oil & Gas signed a contract with SNTGN Transgaz for the gas transport for the Midia Gas Development Project (“MGD Project”), a project aimed at putting into production the natural gas of XV Midia Block, offshore Black Sea, Romania.  ...more »
Instant Factoring attracts an external financing of 1.5 million euros
November 07, 2018 11:49
Instant Factoring, the first Romanian online micro-factoring company for SMEs, received 1.5 million euros from an investment fund in the United States. The attracted funds, together with the company's equity, will support the expansion of activity on the Romanian market by developing microfinance operations for a volume of invoices totaling up to 20 million Euro in 2019....more »
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