Economics
December 04, 2018 16:19
The Competition Council has sanctioned nine insurance companies and the National Union of Insurance and Reinsurance Companies of Romania (UNSAR) with total fines of 246,739,195.6 lei (about 53 million euros) for violation of the national and European competition regulations by coordinating market behavior in order to increase the compulsory civil liability insurance (RCA) rates....more »
November 27, 2018 12:41
DPD Romania, one of the most important players on the local parcel and express delivery market, announces strategic changes in the leadership team. ...more »
November 26, 2018 14:04
Oltenia Energy Distribution inaugurates the 110/20 kV transformer power station for the Eastern Industrial Zone of Craiova (ZIEC), the first greenfield project in Oltenia to improve the quality of energy distribution for both domestic and industrial consumers .
The project was completed within 17 months and had a total value of 5.52 million euros (CAPEX), from its own sources. ZIEC is the second largest investment in the history of Distributie Oltenia, after the modernization of Craiova Centru station and illustrates the company's mission to become a strong local partner, supporting the development plans of the region. The station was built with the support of the local public authorities: Dolj County Council, Dolj County Prefect Institution, Craiova City Hall and Gherceşti Town Hall....more »
November 21, 2018 12:54
The Government of Romania, together with the other European Union member states have agreed to the commercial launch of 5G technology in the first major cities in 2020 and the coverage of all urban centers and main transport routes by 2025. To this...more »
November 14, 2018 10:19
The first nine financing agreements granted on the basis of the state aid scheme for stimulating major investments (807/2014) were signed today by the Minister of Public Finances, Mr. Eugen Teodorovici, on November 12th. The signing ceremony took place at Victoria Palace, in the presence of the Prime Minister, Ms. Viorica Dăncilă.
"I am very pleased to have signed today the first 9 investment projects that will bring added value to the Romanian economy. The benefits they will bring have to be seen from two perspectives - the development of the region where the investment will be made and the creation of almost 2,000 of new jobs, "said Minister of Public Finance, Mr. Eugen Teodorovici....more »
November 09, 2018 16:05
Black Sea Oil & Gas signed a contract with SNTGN Transgaz for the gas transport for the Midia Gas Development Project (“MGD Project”), a project aimed at putting into production the natural gas of XV Midia Block, offshore Black Sea, Romania.
...more »
November 07, 2018 11:49
Instant Factoring, the first Romanian online micro-factoring company for SMEs, received 1.5 million euros from an investment fund in the United States. The attracted funds, together with the company's equity, will support the expansion of activity on the Romanian market by developing microfinance operations for a volume of invoices totaling up to 20 million Euro in 2019....more »
November 07, 2018 08:55
Following last year's success, ROFMA - the Romanian Facility Management Association organizes this year a new edition of ROFMEX - Romanian Facility Management Experience Days. Being held at the Romexpo Exhibition Center under the slogan Smart Digitizing Places, this year's edition focuses on the evolution and challenges for workplace, property and facility management (IoT, Machine Learning, Big Data)....more »
November 06, 2018 15:09
The Baylor Marea Neagră Foundation, represented by NNDKP, may continue to donate the medicines necessary for treating severe conditions after having won a court dispute against the Romanian fiscal authorities.
The Romanian fiscal bodies ref...more »
November 02, 2018 13:28
Bank, Raiffeisen Bank, BRD Groupe Societe Generale and Banca Transilvania, for refinancing the existing facilities, extending the financing period, rearranging the related terms and conditions, and to raise the funding limit to a threshold of around 66 million euros.
The additional credit limit of 10 million will be in the form of a facility in term and will be used by MedLife, together with other company's own cash, for possible new market opportunities.
...more »
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