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REAL ESTATE

Openville Timisoara to open in the fourth quarter of 2018

2017-11-21 10:45:26
The Openville Timisoara development, the largest mixed-use project in the west of Romania will be opened in the fourth quarter of next year, upon completion of the first phase of development. Th...

ECONOMICS

URBB posts record production figure in 2017

2017-11-20 12:48:02
United Romanian Breweries Bereprod (URBB) registered a record production figure exceeding two million hectolitres for the period January-November 2017, representing a 10 per cent increase year-o...

APPOINTMENTS

Cristian Busu has been reappointed president of Electrica's board

2017-11-20 12:39:16
Cristian Busu has been reappointed president of Electrica board, the electric energy supplier. He is a member of the board since 2014 and was chosen in this position during the Council's meeting...

ENERGY

Transelectrica inaugurated the Campia Turzii station, fully refurbished with 9 million Euro

2017-11-17 10:23:10
Transelectrica inaugurated the 220/110/20 kV Campia Turzii (Cluj County) electricity station, after an investment of about 42 million RON (9 million Euro).

REAL ESTATE

CTP starts CSR project for the workforce market nearby Bucharest

2017-11-16 14:59:25
CTP is starting a social responsibility program that aims to facilitate a series of meetings between high school students and representatives of important companies that are tenants in the parks...

INFRASTRUCTURE

Enel and Traian Vuia International Airport in Timisoara launch the first EV charging station in a Romanian airport

2017-11-16 13:03:24
Enel Energie and the Traian Vuia Airport in Timisoara inaugurated the first electric vehicle charging station in an airport in Romania, in order to encourage electric mobility and a lower carbon...

REAL ESTATE

Impact launches Luxuria Domenii Residence with 630 apartments in Bucharest

2017-11-15 11:17:35
Impact has launched Luxuria Domenii Residence, a residential project comprising 630 apartments in the north of Bucharest.

REAL ESTATE

PPT Preturi pentru tine is moving to City Offices

2017-11-14 15:29:23
PPT Preturi pentru tine, the Romanian clothing and footwear retailer, active on the Romanian market since 2006, moved to the City Offices office building, part of the Globalworth portfolio.

ECONOMICS

Banca Transilvania's net profit was 780 million RON in the first nine months

2017-11-14 15:17:47
Banca Transilvania posted a net profit of 780 million RON in the first nine months of the year.

INVESTMENTS

Damen acquires Daewoo's shares in Daewoo Mangalia Heavy Industries

2017-11-13 16:47:17
Damen Shipyards Group has entered into a share purchase agreement with Daewoo Shipbuilding & Marine Engineering for the acquisition of its majority share in Daewoo Mangalia Heavy Industries.

REAL ESTATE

Conadi sold two-thirds of the first phase of Arcadia Apartments Domenii residential project

2017-11-10 13:20:13
Conadi real estate consultancy company announced it has sold two-thirds of the first phase of the Arcadia Apartments Domenii residential complex, just two and a half months after the beginning o...

ENERGY

E-Distributie Dobrogea invested 1.7 million RON to install separators on nine overhead high voltage power lines

2017-11-10 12:38:03
E-Distributie Dobrogea is about to finalise the installation of 1.000 phase separators in nine overhead high voltage power lines in the counties Calarasi, Ialomita and Tulcea, in an investment p...

ECONOMICS

Porsche Romania posts 13 per cent increase in sales for all Volkswagen group brands in the first nine months of 2017

2017-11-10 12:25:10
Porsche Romania, the largest automotive importer in Romania, closes the first nine months with a 13% increase in sales for all Volkswagen group brands, compared to the same period of last year....

ECONOMICS

The company who manages KFC, Pizza Hut and Taco Bell brands in Romania is now listed on Bucharest Stock Exchange

2017-11-10 10:28:50
The shares of Sphera Franchise Group, one of the most important foodservice operators in Romania, started trading on Bucharest Stock Exchange (BVB), under SFG symbol.

INVESTMENTS

NEXT-E consortium and EU sign a grant agreement to deploy 252 fast and ultra-chargers for electric vehicles across CEE

2017-11-10 10:17:01
The network of 222 fast chargers and 30 ultra-chargers for EV (Electric Vehicles) will connect six countries in CEE along main roads on the EU's core transport network.

REAL ESTATE

CTP acquired Phoenix Logistics Center for 7 million Euro

2017-11-09 17:10:07
CTP acquired Phoenix Logistics Center with approximately 7 million Euro from the Dutch company LSREF3 Alpha Dutch Holdings B.V.

REAL ESTATE

Sonae Sierra recorded a total net profit of 78 million Euro in the first nine months of 2017

2017-11-09 14:19:49
Sonae Sierra recorded a net profit of 77.8 million Euro in the first nine months of 2017, compared to the 92.6 million Euro recorded in the same period of 2016.

ECONOMICS

ABSL: The emergency ordinance regarding the Fiscal Code will have a negative impact on Romania's competitiveness

2017-11-09 10:24:14
ABSL Romania examined the emergency ordinance draft to amend the law no. 227/2015 regarding the Fiscal Code and concluded that the implementation of these measures will have a negative impact on...

APPOINTMENTS

Cristian Vasile joins P3 as new property manager in Romania

2017-11-08 16:37:33
Pan-European logistics property investor-developer P3 has appointed Cristian Vasile as its new Property Manager in Romania, with responsibility for managing all the buildings at P3 Bucharest par...

ECONOMICS

EBRD and European Union launch programme to help businesses from south-eastern Europe obtain advice

2017-11-07 16:33:35
The European Investment Advisory Hub, the EBRD and the European Union launched today, in Bucharest, a new programme committed to helping small and medium-sized enterprises (SMEs) obtain advice f...

INVESTMENTS

World Class Romania is opening a new club in Cluj-Napoca, in the second part of 2018

2017-11-07 13:11:38
World Class Romania invests two million Euro in a new club, World Class Record Park in the Silicon Valley of Europe, Cluj-Napoca, in the second part of 2018.

POLITICS

Iohannis: A significant delay in tax measures would be required

2017-11-07 10:15:59
President Klaus Iohannis said that a significant delay in the amendments to the tax legislation would be required, adding that the January 1, 2018 deadline for their application is inopportune....

ECONOMICS

EIB signs with UniCredit Bank the first loan granted to a commercial bank under the Juncker Plan in Romania

2017-11-06 13:03:06
The European Investment Bank (EIB) has signed with UniCredit Bank a loan agreement for 50 million Euro, marking the first financing deal with a local commercial bank to fall under the framework ...

POLITICS

Former PM Ciolos: We cannot risk Romania's future

2017-11-06 10:48:27
Former Prime Minister Dacian Ciolos was present Sunday evening at the protest in Bucharest, on which occasion he argued that he considered joining the manifestations because "a limit is being re...

ENERGY

Mol Group posted a net profit of 823 million USD for Q1-Q3 2017

2017-11-03 11:09:36
Mol Group announced its financial results for Q3 2017. With 576 million Dollars delivered in the quarter, clean CCS EBITDA for the first nine months of the year is 12 per cent up from last year ...

REAL ESTATE

P3 hands over new warehouse at P3 Bucharest park to E van Wijk

2017-11-03 10:42:20
Pan-European logistics property investor-developer P3 announced the handover of a new warehouse at P3 Bucharest to customer E van Wijk. The 13,900 sqm logistics facility is a class A building an...

REAL ESTATE

Immofinanz sells several lands in the Adama portfolio

2017-11-02 12:52:42
Immofinanz, one of the largest real estate investors in Romania, announced the sale of two land plots in Bucharest and Voluntari from the Adama portfolio.

REAL ESTATE

Bucharest and Prague, first choices for new retailers entering the CEE market

2017-11-02 11:53:36
Bucharest has attracted more than 20 new retailers from all around the world in its biggest shopping centres, sharing the first place with Prague in a top of CEE cities which attracted new retai...

REAL ESTATE

AFI Europe Romania starts the leasing campaign in the office project AFI Park Brasov

2017-11-01 15:28:17
AFI Europe Romania announces the start of the leasing campaign in the AFI Park Brasov Class A office project. The company is already in advanced discussions with two potential tenants totaling 4...

ECONOMICS

AmCham Romania: "The fiscal policy must be integrated into a medium and long-term vision for Romania"

2017-11-01 15:22:58
AmCham Romania expresses its concern regarding the impact the recently announced fiscal policy measures, both in terms of the increasing costs these are generating for taxpayers and in terms of ...

POLITICS

Iohannis: Romania has made progress with equal opportunities, needs to speed up gap bridging

2017-11-01 12:33:18
Romania's President Klaus Iohannis said that although important progress has been made in Romania in terms of gender equality, the country needs to speed up bridging the gaps.

REAL ESTATE

Real estate developer Zacaria announces the expansion of its industrial park in Oradea

2017-11-01 12:29:27
Real estate developer Zacaria announces the expansion of Western Industrial Park in Oradea with a new warehouse of more than 6300 sqm, already commissioned by a German investor in the process of...

ENERGY

Enel: "We are committed to achieve 100 per cent CO2-free power generation by 2050"

2017-11-01 12:22:59
Governments and non-state actors need to deliver an urgent increase in ambition to ensure the Paris Agreement goals can still be met, according to a new UN assessment.

ECONOMICS

BNR: After 100 years, Romania returns to similar level of relative development against other countries

2017-10-31 13:34:52
After a century, Romania has returned to the same level of relative growth against other countries, calculated as per capita Gross Domestic Product (GDP), purchasing power parity based, of 59 pe...

POLITICS

Dragnea: Amendments to the tax code, code of tax procedure to pass under government ordinance

2017-10-31 11:36:24
Amendments to the tax code and the code of tax procedure will pass under a government ordinance and will be unveiled after the government meeting, national leader of the Social Democratic Party ...

REAL ESTATE

CTP reached a total asset value of 364 million Euro in the first nine months of 2017

2017-10-30 12:30:30
CTP, the leading premium industrial parks developer and long-term manager in Romania and Central and Eastern Europe, entered the last quarter of 2017 with results that exceed the previous progno...

ENERGY

Romania and Serbia near completion of the 400 kV transmission line between Resita and Pancevo

2017-10-27 14:57:17
Romania's national electricity transmission company announced that it has completed the crossing of the border to Serbia with the 400 kV Resita (Romania) - Pancevo (Serbia) transmission line.

ENERGY

EIB is lending 50 million Euro to Transgaz for a new European gas transmission corridor

2017-10-27 13:44:44
The European Investment Bank (EIB) is lending 50 million Euro to Transgaz, the national gas transmission company of Romania, to finance the construction of a new European gas transmission corrid...

POLITICS

Minister Negrescu: Romania is profoundly pro-European, we will be even more significant after Brexit completion

2017-10-27 10:30:59
Minister Delegate for European Affairs Victor Negrescu said on Thursday that Romania is a profoundly pro-European state and will become more significant after the Brexit process is completed.

REAL ESTATE

Vastint Romania opened the Timpuri Noi Square mixed-use project

2017-10-27 10:04:23
The Timpuri Noi Square opening event, hosted by Vastint Romania, took place in the 1,800 sqm premises leased by Fratelli in Timpuri Noi Square, were the Group will shortly open Biutiful Downtown...

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Read in the Print Edition
Oil & Gas Industry: Challenges and opportunities for Romania

As it appears from the four scenarios of the Romanian Energy Strategy, natural gas will play an important role with expected significant increases in the energy mix starting in 2020. Even though currently about...