Economics

BusinessMark announces the organization of “Infrastructure Forum”, an event that will take place on the 25th of November, in Bucharest, at Howard Johnson Grand Plaza. ...more »

Announced in July, 2014, the sale of Austria’s bauMax domestic chain to Adeo Group has been carried out on November 18. Hence, the French group which operates on the Romanian market the Leroy Merlin Do-It-Yourself brand has taken over the 15 bauMax units subject of this transaction, located in Bucharest (2), Bacau, Brasov, Constanta, Craiova, Cluj Napoca (2), Iasi, Pitesti, Ploiesti, Sibiu, Suceava, Targu-Mures and Timisoara....more »

Globalworth, the real estate investment fund controlled by Ioannis Papalekas, has signed a 10-year lease agreement with Telekom Romania Telecommunications (former Romtelecom) for a gross leasable area of about 25,000 sqm....more »

The European Commission approved the release of additional 262 million euro from the Cohesion Fund to cover the costs incurred by Romania with the construction of two sections of motorway, reads a press release. ...more »

Sema Parc resumes Sema New Project, an integrated urban development project in Bucharest, whose first phase was completed in 2009 when Office 1 building was delivered....more »

Power Clouds, a developer of renewable energy projects, seems to be an exception if considered the two solar parks commissioned this year and that are part of a large scale project through which the company aims to create a global network of PV parks...more »

Ford Romania has announced that 680
employees, about 20 percent of the people working at the Craiova
plant will leave the company due to declining demand on the European
vehicle market. The car manufacturer is implementing a programme of
volunt...more »

The European Bank of
Reconstruction and Development has acquired a 4.99 percent stake in the
Bucharest Stock Exchange (BVB) as part of its strategy to promote the
development of Romania’s capital markets, trough investment, technical advice
a...more »

Banca Transilvania receives additional 15 million euro funds from the European Bank for Reconstruction and Development, the amount provided through this credit line being destined to lend small and medium-sized enterprises investing in energy efficiency projects. The finance agreement was signed on November 18, 2014, announces the Cluj-headquartered bank....more »

Romania’s economy resumed its uptrend in the third quarter of 2014, according to the “flash” estimates released by the National Institute of Statistics (INSSE) which reveal a 1.9 percent growth of the Gross Domestic Product (GDP) in Q3 compared to the previous three months.
...more »
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