Economics
November 24, 2014 11:27
Announced in July, 2014, the sale of Austria’s bauMax domestic chain to Adeo Group has been carried out on November 18.  Hence, the French group which operates on the Romanian market the Leroy Merlin Do-It-Yourself brand has taken over the 15 bauMax units subject of this transaction, located in Bucharest (2), Bacau, Brasov, Constanta, Craiova, Cluj Napoca (2), Iasi, Pitesti, Ploiesti, Sibiu, Suceava, Targu-Mures and Timisoara....more »
November 21, 2014 15:22
Globalworth, the real estate investment fund controlled by Ioannis Papalekas, has signed a 10-year lease agreement with Telekom Romania Telecommunications (former Romtelecom) for a gross leasable area of about 25,000 sqm....more »
November 21, 2014 11:41
The European Commission approved the release of additional 262 million euro from the Cohesion Fund to cover the costs incurred by Romania with the construction of two sections of motorway, reads a press release. ...more »
November 20, 2014 19:54
Sema Parc resumes Sema New Project, an integrated urban development project in Bucharest, whose first phase was completed in 2009 when Office 1 building was delivered....more »
November 20, 2014 19:35
Power Clouds, a developer of renewable energy projects, seems to be an exception if considered the two solar parks commissioned this year and that are part of a large scale project through which the company aims to create a global network of PV parks...more »
November 19, 2014 15:59
Ford Romania has announced that 680 employees, about 20 percent of the people working at the Craiova plant will leave the company due to declining demand on the European vehicle market. The car manufacturer is implementing a programme of volunt...more »
November 19, 2014 15:23
The European Bank of Reconstruction and Development has acquired a 4.99 percent stake in the Bucharest Stock Exchange (BVB) as part of its strategy to promote the development of Romania’s capital markets, trough investment, technical advice a...more »
November 18, 2014 17:38
Banca Transilvania receives additional 15 million euro funds from the European Bank for Reconstruction and Development, the amount provided through this credit line being destined to lend small and medium-sized enterprises investing in energy efficiency projects. The finance agreement was signed on November 18, 2014, announces the Cluj-headquartered bank....more »
November 17, 2014 15:59
Romania’s economy resumed its uptrend in the third quarter of 2014, according to the “flash” estimates released by the National Institute of Statistics (INSSE) which reveal a 1.9 percent growth of the Gross Domestic Product (GDP) in Q3 compared to the previous three months. ...more »
November 14, 2014 15:57
FAN Courier is the big winner of the Excellence Awards Gala for the courier sector organized by GOVNET Conferences, accounting for four of the nine awards, including the two most important categories: Company of the Year and Manager of the Year. ...more »
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