Economics
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 »
September 04, 2014 12:33
The newest shopping mall in Bucharest, Vulcan Value Center, was open to the public on September 4 after the inauguration ceremony was held a day before.  The 25,000 sqm project was developed by the South African fund NEPI, one of the most dynamic real estate investor in Romania....more »
September 03, 2014 16:13
Romania conserves the fifth place in the Deloitte Central Europe Top 500 ranking with 42 companies, of which 11 are new entries, totaling combined turnover of 43 billion euro. Last year’s economic progress has made its mark on the local companies listed in Deloitte’s report both as concerns their number which rose from 35 in 2013 to 42 and in terms of revenues - 43 billion euro compared to 39 billion euro a year before. Petrom maintains its leading position amongst Romanian companies, followed by Automobile Dacia which has replaced Rompetrol Rafinare following a major growth in its revenues....more »
September 02, 2014 13:37
Raiffeisen Leasing has provided new loans of about 48 million euro in the first half of the year, reporting a progress by 36 percent compared to the same period of 2013. The company maintained the uptrend in terms of new leasing contracts, reco...more »
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