Economics
October 17, 2016 11:41
Casa de Insolvenţă Transilvania, in
charge with the bankruptcy of Swan Property, announced the sale of
insolvent office park Swan Office & Technology Park to Smartown
Investments for EUR30.3 million, a price higher with 50 percent than
the price approved by creditors. CITR declared it has promoted the
office project to more than 150 investors in Romania and abroad, as
well as to the clients in the company’s portfolio, according to
data published in an activity report of CITR.
...more »
October 17, 2016 11:12
OMV Petrom, the largest oil and gas
producer in South-Eastern Europe and Mazarine Energy Romania S.R.L.,
a fully owned Romanian subsidiary of Mazarine Energy announce that
parties have reached agreement on the transfer of 19 onshore oil
fields plus three workover rigs and associated crews to Mazarine
Energy Romania S.R.L. for an undisclosed purchase price.
...more »
September 30, 2016 15:17
Romania's energy security and strengthening US investment in the Romanian energy sector were the main topics of discussion in the framework of the fifth meeting of the Task Force for the implementation of the Strategic Partnership Romania - US. "We have a common interest in supporting BRUA pipeline construction, for which Romania has already achieved important European financing, or interconnection with Moldova for natural gas. ...more »
September 28, 2016 12:53
International bakery group Lantmännen Unibake announces the acquisition of Romanian company Frozen Bakery Products SA, a hamburger bun bakery in Bucharest, Romania, today owned by GoodMills Group, Austria. This acquisition supports the Lantmännen Unibake growth strategy to strengthen its bakery business in the Central European region. The market where Frozen Bakery Products SA is selling products is in Romania and surrounding countries such as Bulgaria, Serbia and Greece. Today, Frozen Bakery Products SA has 80 employees....more »
September 20, 2016 16:49
Under the slogan "Light Up the City through Yourself", Western city of Timisoara won the competition of becoming the second Romanian city elected European Capital of Culture after Sibiu. The other Romanian cities competing for the title were Bucharest, Baia Mare and Cluj-Napoca....more »
September 20, 2016 16:37
The Board of Directors of Electrica SA has appointed Dan Cătălin Stancu to the position of CEO, who will assume this responsibility as of October 24, 2016 informs the company in a press release. Dan Cătălin Stancu succeeds as CEO Iuliana Andronache - CFO, who assures the interim since March 2016. ...more »
September 12, 2016 14:38
Compared with the same period of last
year, the turnover of the industry sector both for domestic and
external market decreased in nominal terms by four percent shows the
monthly report issued by the National Institute of Statistics. In July 2016, the turnover in industry,
per total (domestic and non-domestic market), decreased in nominal
terms both compared to the previous month by 4.0% and compared to the
corresponding month of the previous year by 3.3%.
...more »
September 01, 2016 12:54
Minister of Public Finance Anca Dragu announced that the Government will present to the European Commission a plan on adopting the euro by April 2017 as it is an obligation of the Member States to state their position on the adoption of the single currency....more »
August 23, 2016 17:00
Eximbank won the tender organized by
the Romanian Post for a loan of 60 million lei, with a repayment
period of 36 months to finance its working capital.
" Winning this financing tender in
the competitive process organized by the Romanian Post...more »
July 21, 2016 16:40
Pony Car Sharing, the first car sharing company in Romania established in Cluj in 2015 is now developing a program dedicated to the business environment that will allow employees from partnering buildings to drive and return a car in a station based car sharing for daily business trips. The company plans to purchase 15 BMWs i3 by the end of the year that will be used in a series of programs in Cluj and Bucharest, a record in Romania for this type of acquisition so far, becoming the first sharing company in the country that owns an electric fleet....more »
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