Economics
FDI still declining: 13.8 pct fall-off at seven months
September 15, 2014 13:10
Romania is yet to see a revival in terms of foreign direct investment which kept the downward trend, dropping by 13.8 percent in the first seven months of 2014. According to the latest report released by Romania’s Central Bank, the volume of direct investment of non-residents in Romania totaled about 1.3 billion euro, in July 2014 the FDI inflows coming to only 100 million euro, volume similar to the one recorded in the previous month....more »
Hidroelectrica aims for 1 billion lei profit in 2014
September 15, 2014 11:58
Remus Borza, Hidroelectrica’s judiciary administrator, forecasts profit of over 1 billion lei in 2014, after reporting gross profit of nearly 720 million lei at eight months....more »
Cosmote and Romtelecom became Telekom Romania
September 15, 2014 10:45
The rebranding of the two telecom operators came to an end, Cosmote and Romtelecom officially joining the Deutsche Telekom brand as of September 13. Under the new brand, Telekom Romania, the companies will use the “T” logo as their official trademark together with the Romanian version of “Life is for sharing” which is translated into “Experiente Impreuna”....more »
CEC Bank receives 100 mln euro fund from the EIB to support SMEs and mid-cap companies
September 12, 2014 16:03
The European Investment Bank (EIB) is granting a 100 million loan euro to CEC Bank Romania to co-finance projects to be carried out by SMEs, mid-caps and public sector companies in the industrial and services sectors, including tourism and infrastructure, announces the EIB....more »
Germany provides funds of 3.9 mln euro for a wind project in Romania
September 12, 2014 15:26
Germany’s Ministry of Environment supports the development of a 10 MW wind farm in Tomnatic, the Bihor County, through a financing of 3.9 million euro, according to a press release....more »
Recolamp after 7 years of operations: 1,800 t of lighting equipment waste collected and recycled
September 12, 2014 14:22
Recolamp celebrates seven years of existence during which succeded to collect and recycle over 1,800 tons of lighting equipment waste, equivalent to some 8 million lamps, neons and luminaires....more »
Veranda shopping center construction underway
September 11, 2014 16:49
Construction works of the Veranda shopping center have started on the former platform of Prodplast factory located in Obor area. Requiring investment of 60 million euro, the project developed by Prodplast Imobiliare will have a gross leasable ar...more »
Flanco rents 5000 sqm in H.Essers logistics center
September 11, 2014 12:32
Flanco rented a 5,000 sqm unit in the H.Essers logistics center in Bucharest where will deposit over 1.6 million cubic meters of products annually. The new space will allow the IT&C, electronics and appliances retailer to supply its stores in maximum 24 hours, the company said according to Mediafax....more »
BVB reduces trading fees as of October 1
September 11, 2014 10:35
The Bucharest Stock Exchange announces lower trading fees for regulated market, Rasdaq, ATS and Unlisted segment, in line with the strategy of reforming the local capital market by aligning to European standards so as to eliminate the barriers in its further development....more »
Volksbank opens 10 business centers across the country targeting a larger portion of corporate clients
September 10, 2014 14:40
Volksbank Romania will inaugurate ten business centers in Romania by the end of the year to assure improved accessibility to corporate services and support development of the local business environment....more »
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