Economics
March 10, 2014 10:52
Grup Servicii Petroliere (GSP) officially inaugurated last Friday, March 7 the Uranus drilling platform, an investment worth 44 million dollar. Nearly 70 percent of the amount has been covered by a 30 million dollar loan from EximBank, the company controlled by Gabriel Comanescu providing the remaining part of the costs of the investment which included the purchase and modernization of the offshore drilling platform....more »
March 07, 2014 12:49
Fondul Proprietatea (FP) advises its shareholders to support a secondary listing of the Fund on the Specialist Fund Market (SFM) of the London Stock Exchange by the end of 2014....more »
March 07, 2014 11:51
The credit rating agency has affirmed Romania’s long-term IDR (Issuer Default Rating) at ‘BBB-‘ and local currency IDR at ‘BBB’, the outlooks being stable, a press release states. Similarly, the issue ratings on senior secured foreign and local currency bonds have been affirmed at ‘BBB-‘ and ‘BBB’, respectively. ...more »
March 06, 2014 15:56
Alro Slatina, one of the leading aluminum producers in the Central and Eastern Europe, announces that will issue a plan for temporarily closing an important part of its key-production capacities of primary aluminum which will result in a drastic reduction of power consumption, according to a company release. These measures are determined by the higher mandatory quota of green certificates (GCs) set recently by ANRE – Romania’s Energy Regulatory Authority, which will have a negative impact on the company in terms of expenditures, and it could lead to a significant decrease in the number of its employees....more »
March 06, 2014 10:59
General Logistics Systems confirms the involvement and concern about environment and people through its first corporate responsibility report which details the courier company’s strategy in this respect. It involves environment-friendly transp...more »
March 05, 2014 15:49
The 9th annual EuropaProperty SEE Real Estate Awards Gala & Forum is the only event of its kind covering the South Eastern European region. The event brings together the most active international and local developers, bankers, investors, lawyers and other CRE professionals operating in the region....more »
March 05, 2014 15:23
The Ministry for Information Society signed last week on Friday, February 28, the contract with the representatives of the consortium of consultants that will assist the Romanian state in the privatization of Romtelecom where has a 45.99 percent stake, is announced through a media release....more »
March 05, 2014 12:46
The German car manufacturer Daimler AG plans to merge its domestic distributors - Mercedes-Benz Romania with EvoBus Romania so as to increase its operational efficiency in terms of sales and after-sales in the Romanian market. ...more »
March 04, 2014 16:06
Inaki Berroeta, who has recently taken over the management of Vodafone Australia will be replaced by Ravinder Takkar, General Manager of Vodafone Partner Markets that will be in charge with the group’s domestic subsidiary starting May 1, 2014,...more »
March 04, 2014 14:32
Erste Group Bank AG together with Banca Comercială Română (BCR) and the European Bank for Reconstruction and Development (EBRD) provide a financing worth 76 million euro for the construction of the 108 MW wind farm Crucea North, located in the Dobrogea region. The project which consists of 36 wind turbines, each one with a power capacity of 3 MW, is developed by Crucea Wind Farm S.A. that is fully owned by STEAG GmbH, a leading power producer in Germany. Total investment costs come to approximately 200 million euro, a press release announces....more »
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