Economics
Oltenia Energy Complex sells 60 mln euro worth energy on OPCOM
January 21, 2014 10:36
Oltenia Energy Complex (CEO), the state-owned energy producer, plans to sell 60 million euro worth electricity on the Centralized Market of Bilateral Contracts managed by OPCOM through 11 auctions scheduled today. There will be a total of 1.48 TW available for purchase, with a price ranging from about 40.55 euro to nearly 41 euro per MW, depending on the energy package size put on sale....more »
Alro Slatina, 50 mln euro financing agreement with EximBank
January 20, 2014 16:18
EximBank signed financial agreements worth some 50 million euro with Alro Slatina for financing its current activity and issuing letters of guarantee and credit for contracts it concludes, according to a press release submitted to the Bucharest Stock Exchange. ...more »
Five candidates to coordinate Hidroelectrica’s IPO
January 20, 2014 14:45
Hidroelectrica starts the selection process of the intermediary of the Initial Public Offering for the 15 percent of the shares to be issued through an increase of its social capital. Today at noon, it was the deadline for submitting the offers which  eventually amounted to five, according to a press release of the state-owned company....more »
AFI Europe leases 5000 m2 in AFI Park 3 to Endava Romania
January 20, 2014 12:55
AFI Europe Romania rents out almost half of the leasable area in its new office building, AFI Park 3, to the British IT company, Endava. The contract was concluded for 40 percent (5000 m2) of the total area, being the first one AFI signed in 2014, a company release informs. This agreement includes the lease of four floors of this third office building part of the AFI Park project, as well as the possibility to extend to other areas, according to Endava’s development plan....more »
The Ministry of Finance raised 100 mln lei in 15-year bonds
January 17, 2014 14:55
Romania’s Ministry of Public Finance reopened yesterday a 15-year bond issue launched in February 2012, raising 100 million lei from local banks, Agerpres informs. The maturity date is July 26, 2027 and the average yield, 5.41 percent....more »
Bucharest Court of Appeal suspends Carrefour’s insolvency procedure
January 17, 2014 13:57
Carrefour got the procedure of becoming insolvent suspended by the Bucharest Court of Appeal, after the Municipal Court approved last year, on December 23, the insolvency request of one of the retailer’s suppliers. Thus, the related procedure will be held off until Carrefour’s appeal will be definitively resolved....more »
World Bank anticipates a 2.5 percent economic growth this year for Romania
January 16, 2014 16:19
World Bank has revised its initial estimation on Romania’s economic progress, setting a target of 2.5 percent growth in 2014, according to the Global Economic Prospects report published yesterday. In June 2013, the financial institution antici...more »
Dacia, the best improvement in sales within EU in 2013
January 16, 2014 15:08
Dacia maintained the upward trend in new car registrations in December 2013, when the results reported by the ACEA were even better than in November 2013, when it registered the highest increase in sales among the EU countries. According to the data released by the European Automobile Manufacturers’ Association (ACEA), Dacia’s sales saw a huge improvement last month over December 2012, going up almost 50 percent, thus leading to an overall growth of 23.3 percent within 2013....more »
Antibiotice Iasi expects a 10 percent increase in its export in 2014
January 16, 2014 13:05
Antibiotice Iasi expands its export business this year when will start delivering new products in Russia and France, part of the development plan focused on consolidating the export component. Besides, the medicine producer, owned by the Romanian Ministry of Health will approach new markets, such as the former Yugoslavia and Central Asia regions, thus estimating a considerable increase, over 10 percent, in its exports in 2014, as per the report the company released this morning....more »
EGGER invested 35 mln euro in the largest biomass power plant in Romania
January 15, 2014 13:01
The Austrian group EGGER has finalized the largest biomass power plant in Romania at its plant in Radauti, Suceava County. The facility has an installed capacity of 83 MW and was supported by an investment worth 35 million euro from the group’s own funds. By developing this project, EGGER aims at transforming the Radauti facility into an integrated production site, at the same time reducing the consumption of fossil fuel and securing its competitiveness and long-term viability....more »
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