Economics
January 26, 2015 13:38
Hidroelectrica has posted a turnover of 3.4 billion lei in 2014, the highest ever, likewise the related profit, the electricity producer's obtaining a gross profit of 1.2 billion lei (net profit of 967 million lei). The state-owned enterprise increased its revenues by 10.5 percent compared to the previous year, while it boosted its profit by 33 percent year-on-year....more »
January 23, 2015 14:50
The IT services company Endava has opened its fourth development center in Romania, in Pitesti, where it will hire about 50 IT professionals by the end of 2015, while in the next three years the number of employees is expected to double. Nearly 40 percent of the new hires will be recruited through an internal programme designed for IT graduates, according to a press release....more »
January 23, 2015 12:50
After announcing the list with the Authorized Advisors for the AeRO market, the Bucharest Stock Exchange (BVB) invited them to open Friday's January 23rd trading session. The AeRO market is the equity segment of the BVB’s alternative trading system, designed for listing of early stage companies, start-ups and SMEs, offering them a mechanism to access the necessary capital for development and growth purposes. It is based on the BVB alternative trading system existing since 2010 and it will be launched under a redesigned and reconstructed concept on February 25, 2015....more »
January 22, 2015 17:41
Romania needs consistent investments in the energy sector in the coming ten years, as well as a transparent and stable strategy for being competitive on the regional market, as although the existing power production capacities are enough to secure the electricity demand, many of them are highly inefficient, according to the Romania Strategic Energy Market Outlook 2014 – 2025 report issued by AT Kearny for Fondul Proprietatea....more »
January 22, 2015 11:04
Schneider Electric received the Stewardship Award for Efficiency Initiative in the Commercial End-User category at the 2014 Platts Global Energy Awards, recognizing its efforts to conserve and manage energy consumption at more than 300 company facilities around the world through its Energy Action Program, according to a press release....more »
January 21, 2015 17:19
In the four years since floating on the Bucharest Stock Exchange, Fondul Proprietatea's shares boosted their value by almost 85 percent, given the price on January 20, 2015 (and by 78 percent at 2013 year-end), explained Greg Konieczny, the representative of Franklin Templeton, the Fund Manager of Fondul Proprietatea. ...more »
January 21, 2015 17:03
Ford Romania has strengthen its presence on the domestic market last year, registering significant increases across all segments and thus reaching a market share of 8.21 percent, compared to 6.98 percent in 2013, announces the company....more »
January 20, 2015 17:19
Starwood & Resorts hotel chain enters Romanian market where will operate under the Sheraton brand after concluding a franchise agreement with Grand Plaza Hotel in Bucharest, formerly known as Howard Johnson, reads Mediafax....more »
January 20, 2015 15:26
Oltchim anticipates a significant improvement in its financial evolution corresponding to 2014, the second year of insolvency, when the preliminary results indicate a turnover 25 percent higher year-on-year, increasing exports and an improved EBITDA, according to a press release of the state-owned company....more »
January 20, 2015 11:19
Romania’s main electricity producer and supplier plans to sell additional 33 small hydropower plants (SHPs) from its portfolio of 128 power stations through an auction which will be conducted in February 2015, said Remus Borza, representative of Euro Insol, the judicial administrator of Hidroelectrica (in insolvency since February 2014), according to Mediafax....more »
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