Economics
Ovidiu Agliceru is the new general manager of Hidroelectrica
June 25, 2014 12:33
Ovidiu Agliceru has replaced Mihai Stanculescu as general manager of Hidroelectrica, following the decision of Euro Insol, the judiciary administrator of the hydropower energy producer, the company announced through a press release. Agliceru who...more »
Over 200 Romanian farmers to supply vegetables to four hypermarket chains
June 25, 2014 11:09
Four of the largest hypermarket chains in Romania are extending their product range by including a selection of more than 35 vegetables provided by domestic producers. Over 200 farmers in southern Romania will supply starting June, about 10,000 tons of vegetables to hypermarkets across the country under the new programme, “Dor de gust”, launched by producers and merchants for promoting domestic production, announces Agerpres....more »
Electrica IPO, already oversubscribed
June 24, 2014 14:21
Romania’s biggest initial public offering has been oversubscribed prior to the scheduled closing on June 25, according to Dana Mirela Ionescu, head of the Capital Markets Department within Raiffeisen Bank (one of the agents of the IPO), who was quoted by Bloomberg....more »
Gral Medical announces revenues of 11.4 mln euro at six months
June 24, 2014 12:41
Services provided by the private medical operator Gral Medical have generated increasing revenues in the first half of this year, in spite of a rather stagnating domestic market, the company announces. Proceeds from medical services came to some 11.4 million euro (47 million lei), an 18 percent advance compared to the similar period in 2013, exceeding initial estimations....more »
Romania improves ranking in EY’s quarterly Renewable energy country attractiveness index
June 23, 2014 15:05
Romania climbs one position for the second time in a row in the EY’s report on the attractiveness of investment destinations in terms of renewable energy projects. Our country is positioned the 31st among 40 countries, after the Renewable energy country attractiveness index (RECAI) released in February ranked Romania the 32nd....more »
Solek Group attracts 6.1 mln euro funds to refinance four PV projects
June 20, 2014 12:39
The Czech-based group, Solek, has been provided over 6.1 million euro for refinancing four of its solar parks in Romania whose total installed power capacity totals 8.58 MW. Refinancing of two of these PV projects (a total of 3.58 MW) is ensured by Garanti Leasing, while the other two, with a cumulated power capacity of 5 MW are supported through a refinance agreement concluded with OTP Bank Romania, the company announced....more »
AFI, the largest real estate loan in recent years: 220 mln euro to refinance AFI Palace Cotroceni
June 19, 2014 16:18
The real estate developer AFI Europe has signed a 220 million euro financing agreement with a banking consortium comprising of Deutsche Pfanbriefbank, Erste Group Bank and Raiffeisen Bank for refinancing AFI Palace Cotroceni, project valued in ...more »
Razvan Nicolescu: “Electrica IPO is doing well”
June 19, 2014 14:57
In the fifth day since its debut, the initial public offering of Electrica is going well, according to Razvan Nicolescu, the Minister Delegate for Energy, who expects the offering to get full subscription no later than Monday, 23 June....more »
Increasing e-commerce transactions and higher online spending at five months in 2014
June 19, 2014 12:17
E-commerce has been rapidly advancing in recent years, the trend being preserved in 2014, too, when the accelerated growth rate has been maintained, according to online payment processor PayU. The data processed within the first five months of the year shows a 30 percent increase in terms of transactions with Romanian e-tailers followed by online payment. Also, based on its estimations, there are about 70 online orders being placed every minute, totaling some 10,800 lei (nearly 2,500 euro)....more »
IBRD provides 1 billion euro loan for development and reform programs in health sector
June 18, 2014 16:17
Following approval of the World Bank's Board of Executive Directors earlier this year, Ioana-Maria Petrescu, the Minister of Public Finance, Liviu Voinea, the Minister Delegate for Budget and Elisabetta Capannelli, Country Manager at the World Bank’s Romanian Office concluded the agreement for two loans coming to 1 billion euro to be provided by the International Bank for Reconstruction and Development (IBRD). The amount is divided into a 750 million euro Development Policy Loan (DPL) and a 250 million euro financing destined to support the health sector reform project....more »
Govnet Next Events