Economics

AXA has announced the signing of an agreement with Certinvest and SIF Transilvania for the sale of the savings and life insurance operations in Romania, transaction which was initially negotiated with Astra Asigurari....more »

OMV Petrom and Hunt Oil have found a new oil and gas field in the south of the Buzau County, possibly the largest discovery in the last 30 years in the Muntenia region, following investments of 5 million euro in exploration operations in the area....more »

Holcim and Lafarge have received clearance from the European Commission for their proposed merger, thus finalizing the list of assets for divestment in Europe, which also includes Lafarge assets’ in Romania, following discussions with the European authority, according to a joint press release....more »

US-based company Quintana Minerals Corporation has submitted a request to the Department for Energy, asking for detailed information on the Hunedoara Energy Complex for analyzing a strategic investment in the light of the expected privatization of the state-owned company, reads Mediafax....more »

Hidroelectrica has exceeded the 1 billion lei target profit for 2014 in the first eleven months of the year, reporting a profit of 1.073 billion lei, a record level, after a 28 percent advance year-on-year, triggered by lower operating expenses and increasing energy production....more »

Globalworth
investment fund seals a new acquisition on the domestic market, the
Romanian competition authority approving the 43 million euro
transaction for taking over UniCredit HQ office building.
According
to the related Competition Council...more »

The Minister Delegate for Energy, Razvan Nicolescu, has invited MVM, Hungary's largest energy group to join Romania in the hydropower project to be developed at Tarnita-Lapustesti, the Cluj County, reads Ziarul Financiar....more »

The Romanian Financial Supervision Authority (FSA) has approved the regulation concerning AeRO, the alternative trading system of the Bucharest Stock Exchange for small and medium-sized enterprises, reads a press release of BVB....more »

EximBank has provided a 54 million lei loan to EPC contractor Romelectro, funds destined to execute the contract concluded with Transelectrica at the end of September 2012 for the refurbishment of the Bradu station....more »

FAN Courier will increase the investment budget for 2015 when aims to spend 8 million euro, about 30 percent more than this year, announced the company’s representatives during a press conference....more »
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