Economics
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 »
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 »
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 »
September 10, 2014 11:53
China General Nuclear Power Corporation (CGN) was declared eligible for continuing the investors’ selection procedure for the project regarding the completion of Units 3 and 4 of the nuclear power plant from Cernavoda. The Chinese corporation was the sole investor submitting the qualification documentation and will be able to access to the data room of this project, Nuclearelectrica announced through a press release....more »
September 09, 2014 18:17
Exports level hits record-high in July 2014 amounting to 4.8 billion euro (21 billion lei) after a 12.7 percent increase over the previous month - 6.6 percent increase year-on-year, respectively (5.6 percent advance in lei-denominated currency), according the preliminary estimations of the National Institute of Statistics (INSSE). ...more »
September 09, 2014 14:17
AFI Europe has concluded a financing agreement of 32 million euro with BCR for AFI Park 2 and 3 office buildings. Part of the loan, 17 million euro, is destined to investment in AFI Park 2, while the remaining amount of 15 million euro will be used for the development of AFI Park 3, reads a press release of the company....more »
September 08, 2014 16:18
Secure Property Development & Investment announces the acquisition of 122 flats in four residential compounds in Bucharest, the transaction coming to about 3.3 million euro, according to a press release of the property investment company. The acquisition follows another deal disclosed recently with respect to the acquisition of the EOS Business Park in Bucharest for 5.85 million euro....more »
September 08, 2014 16:10
Razvan Nicolescu, the Minister Delegate for Energy, today notified Romania’s Anticorruption Directorate (DNA) on loss of 7 million euro of the Romanian Authority for Nuclear Activities (RAAN) revealed by a report of the ministerial control body from August 19 on RAAN’s activity and contracts for coal processing in 2009-2013, the Department for Energy announces....more »
September 08, 2014 13:19
Fitch Ratings has affirmed Romania’s long-term IDR (Issuer Default Rating) at ‘BBB-‘ and local currency IDR at ‘BBB’, the outlooks remaining stable, according to press release of the credit rating agency. At the same time, the issue ratings on senior secured foreign and local currency bonds have been affirmed at ‘BBB-‘ and ‘BBB’, respectively....more »
September 04, 2014 15:18
Prime Minister Victor Ponta announced that the tax on special constructions will be reduced from 1.5 percent to 1 percent of the estimated value of constructions, reads Mediafax. Also, revenues generated by the fiscal measure introduced this year will no longer go to the state budget but will remain at disposal of local authorities....more »
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