Economics
May 20, 2014 12:06
Investment fund Equest Balkan Properties confirmed the sale of the retail park incorporating Vitantis Shopping Center which will be taken over by Revetas Capital, an investment manager in Central and Eastern Europe which targets distressed real estate projects or single asset transactions, according to Mediafax....more »
May 19, 2014 16:46
The European Investment Bank (EIB) announced it has concluded a loan agreement to provide 300 million euro financing for priority projects under the Romanian Rural Development Programme for 2007-2013. Main areas targeted are afforestation, improvement of forest management and protection and small-scale rural and agricultural infrastructure investments....more »
May 19, 2014 14:41
In the first half of this month, the state-owned energy enterprise recorded the highest levels in the past nine years in terms of daily production, exceeding 70 GWh. In 2005 when Hidroelectrica recorded a similar perfomance, the company’s annual production came to 20.1 TWh....more »
May 19, 2014 11:23
After taking over Romanian International Bank (RIB) last
year, the Polish group Getin Holding enlarges its business portfolio in Romania
by acquiring the domestic division of Volksbank Leasing International, in a
transaction which includes VB Le...more »
May 16, 2014 16:02
The German-based logistics company, Rhenus Logistics moved its operations to Mercury Logistics Park, near the Bucharest-Pitesti highway, where rented 14,000 sqm, becoming the largest real estate transaction so far in 2014, according to GS Capital Advisory which provided advisory services to Rhenus, states ZF....more »
May 15, 2014 16:56
Foreign Direct Investments maintain the upward trend, recording a 30.1 percent advance year-on-year in the first quarter in 2014, amounting to 570 million euro, shows a report released today by the National Bank of Romania....more »
May 15, 2014 15:42
Sales volumes of drugs have declined in the first quarter of the year, the Romanian market recording sales worth nearly 669 million euro (based on distribution price), down 4 percent compared to the same period in 2013, according to research company Cegedim, informs Mediafax. The drop was lower considering the lei currency – 1.5 percent to 3 billion lei....more »
May 15, 2014 13:25
Rompetrol Rafinare yesterday posted the financial results
for Q1 2014, indicating a consolidated turnover of 1.3 billion dollar, up by 48
percent year-on-year and a 9.3 billion dollar operating result compared to a
negative value of 120,000 doll...more »
May 15, 2014 11:22
The economic advance continued in the first quarter of 2014 according to the “flash” estimates released today by the National Institute of Statistics (INSSE) which reveal a 3.8 percent growth of the Gross Domestic Product, compared to the same period last year, both for the unadjusted and for the seasonally adjusted series....more »
May 14, 2014 16:09
Investors are showing increasing confidence in investing in the Eastern European region, approaching levels similar to those recorded within 2003 and 2007, reveals Deloitte’s latest survey – Deloitte CE Private Equity Confidence. Some 60 percent of respondents - twice as many as in the previous research and the maximum in the past two years - expect a revival in terms of deal activity, hence the economic downturn might eventually come to an end....more »
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