Economics
Aversa Manufacturing wins the litigation with the State Assets Management Authority
April 23, 2014 16:19
Aversa Manufacturing has won the lawsuit filed by the State Assets Management Authority in September last year which disputed the tendering procedures of the takeover bid for Aversa. The Bucharest Court rejected the SAAA’s appeal and allowing the centrifugal pumps manufacturer to carry on its operations, as it complied with all requirements of the tender offer in accordance with the related specifications, the company announces through a press release....more »
Epstein’s ongoing projects in Romania add up to 40 mln euro
April 23, 2014 10:08
As last year when Epstein undertook projects worth some 40 million euro, the US-based engineering and construction company anticipates that 2014 will at least equal the previous one in terms of the value of contracted works. The list includes a new production facility where Aversa Manufacturing, the centrifugal pumps manufacturer, will be relocated - that only amounting to 15 million euro, according to Mediafax....more »
Bank of Cyprus sold 10 percent of the stake held in Banca Transilvania
April 22, 2014 11:26
Banca Transilvania has a new shareholding structure, with its majority capital becoming Romanian, after Bank of Cyprus sold last Friday, April 18, nearly 10 percent of its stake – about 220 million shares, according to a notification posted on...more »
Car market is revving up: 22 pct growth in Q1. Dacia, the best results within the EU
April 17, 2014 12:35
Romanian car market keeps up the positive evolution, the overall sales of passenger cars and commercial vehicles increasing by close to 22 percent in Q1 in 2014 over the same interval last year. Passenger cars, solely, have seen growing sales by...more »
Nearly 30 mln lei to be paid by companies that have not met the mandatory quota of GCs
April 16, 2014 16:36
Romania’s Energy Regulatory Authority has released a list of 15 economic operators that have not meet the 2013 mandatory quota of green certificates they had to acquire. As they failed to comply with the ANRE’s directive in that regard, they will have to pay some 528 lei/remaining GC, a price double than the upper limit trading set for the last year – approximately 264 lei....more »
Customer Service Business Safari (CSBS)
April 16, 2014 15:34
Customer Service Business Safari (CSBS) is a program similar to a mini-MBA, that focuses on SME owners, managers, and Romanian specialists that want to apply loyalty excellent customer service programs. The CSBS program is a developed version ...more »
A new real estate project to be developed in Bucharest – investment amounts to 40 mln euro
April 16, 2014 13:09
Element Development will develop a new real estate project on the site of the former Grivita brewery. The project valued at some 40 million euro also includes some of the old buildings in the area which will be conserved, according to a company ...more »
FAN Courier consolidates its leading position. Last year’s 6 mln euro investments, to be continued in 2014
April 15, 2014 21:42
FAN Courier, the leading courier company in the domestic market since 2006, keeps the upward trend the industry has seen in the last years, posting increasing turnover of nearly 63 million euro in 2013. The company has recorded a growth of 16 pe...more »
Best of Real Estate, celebrated at EuropaProperty’s annual gala
April 14, 2014 15:53
The best-performing real estate professionals in the South Eastern Europe region have been recognized by EuropaProperty during its 9th annual SEE Real Estate Awards Gala, last Thursday, April 10....more »
FDI, up nearly 36 pct in January-February period in 2014
April 11, 2014 16:00
The first two months of the year have seen a 35.6 percent year-on-year advance in terms of foreign direct investments (FDI) in Romania, totaling 282 million euro, according to a report released by Romania’s Central bank (BNR). ...more »
Govnet Next Events