Economics
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 »
Energy and transport sectors are interesting to Austrian investors
January 15, 2014 09:31
There is an interest from behalf of Austrian companies in investing in Romania, especially in the energy sector, as well as in the transport infrastructure field, according to Michael Schwarzinger, the Austrian Ambassador to Romania, who commented on this subject while attending Romanian Business Breakfast...more »
CEE property investment market rose by 31% in 2013. Romania, below the average
January 14, 2014 14:34
Commercial real estate volume in Central and Eastern Europe exceeded 10 million euro in 2013, resulting in an increase by some 31 percent over 2012, hence, the last year becoming the second strongest one since 2008, according to the latest data released by the global property advisor CBRE Group....more »
ARPIM’s Board of Directors has new president
January 14, 2014 11:43
The Romanian Association of International Medicines Producers appointed Calin Galaseanu as president, after being elected by the association’s General Assembly which met on January 9....more »
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