Economics
December 10, 2014 16:14
City Plaza Hotel, a five star facility located in Cluj-Napoca, became the first to use a cogeneration power plant in Romania’s hotel industry, following an investment of 200,000 euro expected to be recovered within a period of eight to nine years. The power station which supplies both electric and thermal power energy was inaugurated today, reads Mediafax....more »
December 10, 2014 14:58
The Romanian Post will end 2014 with operating profit of 74.3 million ron (16.7 million euro), ending six years of successive losses, according to the Ministry for Information Society, its majority shareholder....more »
December 10, 2014 11:32
Banca Transilvania has reached an agreement to acquire the entire shareholding of Volksbank Romania (VBRO) from Austria’s Volksbank AG, Groupe BPCE (Banque Populaire Caisse d’Epargne), DZ Bank AG and WGZ Bank AG, states a press release of the Romanian bank....more »
December 10, 2014 10:18
Estimated
at about half a billion euros in 2013, the private medical services market has
continued its development this year, though less accelerated, marked by
significant investments among the major players that have carried on with their
exp...more »
December 09, 2014 16:38
Prime Minister Victor Ponta has announced that the Government has reached an agreement with the representatives of the International Monetary Fund and the European Commission on the 2015 budget which provides a deficit of 1.83 percent of the gross domestic product. The draft budget will be finalized in the coming days and it shall be approved by the Government in an extraordinary meeting on Friday, December 12. Subsequently, it will be sent to the Parliament....more »
December 08, 2014 18:05
The Department for Energy has presented the new National Energy Strategy (NES) which foresees investments worth approximately 100 billion euro sector for the next framework 2015-2030 when shall be carried out....more »
December 08, 2014 14:26
The acquisition campaign run by the investment fund established and controlled by Greek businessman Ioannis Papalekas continues with a new property added to the domestic portfolio: Nusco Tower, office building for which Globalworth will pay 46 million euro, reads a company release....more »
December 05, 2014 14:17
Globalworth, the real estate investment fund controlled by Ioannis Papalekas announces the signing of a 10-year lease contract with Elster Rometrics in Timisoara Airport Park (TAP), an industrial park developed in western Romania, the company’s sole project located outside Bucharest....more »
December 05, 2014 12:38
The largest public offer of Fondul Proprietatea’s fourth buy-back programme launched on November 3 ended on December 2, 2014, being very attractive to investors who subscribed for 13.47 times more shares than offered – 750,000,000, representing 6 percent the fund’s share capital. Hence, the total number of shares subscribed in the offer was 10.109 billion shares, while the total number of FP shares comes to 12.437 billion....more »
December 04, 2014 15:18
Romania increases to seven the number of companies listed in Deloitte’s 2014 Technology Fast 500 for Europe, Middle East and Africa (EMEA) hierarchy, thus improving last year’s performance when five companies entered the ranking....more »
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