Economics
October 22, 2014 15:20
The South African investment fund has announced an equity raising of roughly 80 million euro through an accelerated bookbuild opened on October 22, 2014, at 09h00 (South African time), NEPI reserving the right to close it at any time. Also, the size of equity raise could be increased, depending on demand....more »
October 21, 2014 16:58
The European Commission has decided not to continue the infringement procedure initiated in 2011 against Romania for not transposing the provisions included in the Energy Package 3 with respect to both natural gas and electric power sectors....more »
October 21, 2014 15:31
Romania holds the third place in Deloitte’s CE Technology Fast 50 2014, the competition that ranks the fastest growing technology companies based on their revenue growth over a five-year period. Six domestic companies – ITNT, Teamnet International, Softelligence, Life is Hard, Fortech and Trencadis are listed in the 2014 ranking, for which were took into consideration the revenues from 2009 to 2013....more »
October 20, 2014 14:14
A new real estate project has been launched in Bucharest, a luxury residential compound developed by SKV Properties, located near the Herastrau Lake. Requiring investment of 30 million euro, the Gafencu project is scheduled for completion in the first quarter of 2016, reads Mediafax....more »
October 20, 2014 12:32
Standard & Poor’s has affirmed the long and short-terms foreign and local currency credit ratings on Romania at ‘BBB/A-3’, maintaining the outlook stable.
The credit rating agency explains through a release that the ratings are supported by “Romania’s low and declining external debt stock, its narrowing general government deficits, and moderate stock of general government debt amid relatively firm growth prospects”....more »
October 20, 2014 10:53
Nuclearelectrica has selected China General Nuclear Power Corporation for the continuation of the Cernavoda nuclear power plant Units 3 and 4 projects, based on the biding offer submitted in late-September. The Chinese company was to sole investor engaging in the selection process. According to the procedure timetable, the joint letter of intention to complete the project was signed, too....more »
October 17, 2014 15:45
The first three quarters of the year have brought increasing revenues to the courier companies, FAN Courier, the leading player in the domestic market, reporting a turnover of 53.3 million euro at nine months. The figures are above expectations, say the company’s leaders, advancing by nearly 19 percent year-on-year on increased consumption, whereas they had foreseen a growth rate raging from 12 to 15 percent....more »
October 16, 2014 11:56
New Europe Property Investment (NEPI) today opens
Shopping City Targu-Jiu, the second retail project inaugurated this year following
Vulcan Value Center, located in Bucharest, which opened its doors on September
4.
The shopping center which req...more »
October 15, 2014 16:41
The Board of Directors of Electrica today held its first meeting, appointing Victor Cionga as Chairman of the Board with a mandate valid until the end of January 2016. Cionga has an extensive experience in the private sector, namely in the capital markets field where engaged in listings, mergers and acquisitions. In 1998, he joined Raiffeisen Financial Advisors Romania as General Manager, later serving as Deputy General Manager of Raiffeisen Capital&Investment. He occupied, temporarily, the General Manager position within the Bucharest Stock Exchange....more »
October 15, 2014 16:00
The state aid scheme aimed at supporting the large energy consumers by cutting down green certificates, reducing the contributions to the financing of renewable energy, has been approved by the European Commission which has found that it complies with EU state aid rules, and in particular with the Commission's new Energy and Environmental Aid Guidelines. According to a press release of the Commission, the partial compensation for the cost of financing renewable energy support is necessary to ensure the competitiveness of energy-intensive industries without unduly distorting competition in the Single Market....more »
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