Economics
ELCEN launches into a division process. The merger with RADET follows.
June 06, 2014 11:38
ELCEN (Electrocentrale Bucharest), the largest domestic thermal energy producer starts a division process which includes the transfer of part of its assets towards two newly established companies, ”Societatea Electrocentrale Constanta S.A.” and ”Societatea Electrocentrale Titan S.A.”. Subsequently, these companies will be taken over by the local authorities, while ELCEN will merge with RADET (the Direction assuring thermal energy distribution in Bucharest), once it is converted into a trading company....more »
The EBRD provides a 57 mln euro loan to LUKERG Renew for developing a wind farm in Dobrogea
June 05, 2014 15:19
The European Bank for Reconstruction and Development (EBRD) arranged a 57 million euro loan with LUKERG Renew, a joint venture between ERG Renew (part of Italian group ERG) and LUKOIL- Ecoenergo (Russia), for a 84 MW wind farm located in southeastern Romania - Dobrogea region, states a press release. The financing is structured under the bank’s A/B loan scheme, with 38 million euro on the EBRD’s account, while the remaining amount is for the account of UniCredit....more »
Transelectrica signed the contract for the overhead line to connect with Serbia
June 05, 2014 11:11
Transelectrica, the domestic system and transmission operator, announced the signing of the contract for the 400 kV overhead power line (OHL) which will serve as a connection between Resita (Romania) and Pancevo (Serbia). The related notificatio...more »
Industry was the main driver of GDP’s growth in Q1
June 04, 2014 15:24
INSSE (the National Institute of Statistics) today confirmed the 3.8 percent increase of the Gross Domestic Product in the first quarter of 2014, compared to the same period last year, already announced by the “flash” estimates released in mid-May. Also, the GDP in Q1 was, in real terms, 0.1 percent higher than in the last quarter of the past year....more »
Net investments in the national economy declined in the first quarter over 2013
June 04, 2014 11:55
The domestic economy has absorbed net investment of approximately 11.2 billion lei in the first quarter of the year, the figures released by the National Institute of Statistics (INSSE) indicating a decline by 7.4 percent year-on-year. The decre...more »
Siemens joins Makronetz, Recall or Halcyon Mobile in Liberty Technology Park in Cluj
June 03, 2014 12:51
The first phase of the Liberty Technology project in Cluj-Napoca has been fully leased with Siemens letting 3000 sqm in the business park. Seven companies are already located there since its opening in December 2013, the domestic subsidiary of the German-based engineering group joining Halcyon Mobile, Recall, La Casa, Makronetz, Ecuson Studio, Spherik Accelerator and Tulemod, according to the project developer, Fribourg Capital. Siemens will effectively relocate one of its departments in Liberty Technology Park starting August 2014....more »
Romtelecom and Cosmote could outsource to Ericsson part of the network-related services
June 03, 2014 11:33
Romtelecom and Cosmote, both controlled by the Greek telecommunications group OTE, whose major shareholder is Deutsche Telekom, started negotiations with Ericsson for outsourcing the maintenance, monitoring and operation network services, announced representatives of the two companies, according to HotNews.ro....more »
Bogdan Balaci will lead Philips’s Lighting business in the South-East Europe
June 02, 2014 17:49
Philips Lighting, the global market leader in the development, manufacturing and application of innovative lighting solutions, will have a new general manager as from June 16, Bogdan Balaci being appointed to lead the operations in the Southeast...more »
Renault Twizy, officially launched in Romania
June 02, 2014 15:48
Renault Twizy, the French-based car manufacturer's all-electric vehicle, is now available in Romania, after four years since the official launching. Romanians who wish to drive a Twizy will have to pay for the two-seater car a starting price of 7000 euro, VAT included, plus the monthly rate for the incorporated battery, states a press release....more »
The number of tourists increased by almost 5 percent in the first four months in 2014
June 02, 2014 13:55
The first four months of the year have recorded an advance both in terms of tourists’ arrivals and with regard to overnight stays in Romania, according to the data released by the National Institute of Statistics (INSSE). ...more »
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