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ENERGY

Gas prices in Romania to reach new peak next winter due to soaring oil price, says E.ON

2018-05-25 11:45:37
The prices for natural gas will reach new high during the next winter, due to the surge in oil prices, E.ON Romania's CEO Frank Hajdinjak said. cited by Agerpres.

APPOINTMENTS

David Jordan named new CEO of Policolor-Orgachim group

2018-05-23 15:26:57
The board of the Policolor-Orgachim group has announced changes in its top management structure: David Jordan has been named the new CEO of the Group.

ECONOMICS

Vienna Insurance Group posts growing profit in Q1 2018

2018-05-23 15:22:22
Vienna Insurance Group (VIG) reports further improvement in all key figures for the 1st quarter of 2018 compared to the same period in the previous year.

ENERGY

E-Distributie Muntenia to modernise several electricity networks in Bucharest

2018-05-23 14:28:09
E-Distributie Muntenia will invest about 6.1 million Euro this year for the modernization of the medium and low voltage grids in Eminescu, Floreasca and Domenii areas in Bucharest, with the purp...

INVESTMENTS

Ford confirms second vehicle for Craiova assembly plant in Romania, 200 million Euro new investment and 1,500 new jobs

2018-05-22 14:19:56
Ford confirmed today it is investing up to 200 million Euro and adding an additional 1,500 jobs to manufacture a second vehicle at its Craiova Assembly Plant, in Romania.

ECONOMICS

Romania's new cars sales hit 10-year record

2018-05-21 14:08:29
Sales of new cars in Romania rose by 27.8 per cent in the first four months of this year, to 51,853 units, a 10-year high, according to the Automotive Manufacturers and Importers Association (AP...

ECONOMICS

Employees in Bucharest, Cluj, Timis and Ilfov best paid in 2018

2018-05-21 14:03:49
Employees in Bucharest and the counties of Cluj, Timis and Ilfov are the best paid this year in terms of net average monthly earnings. At the opposite end are employees in the counties of Bistri...

REAL ESTATE

AFI Europe Romania posts 13.6 million Euro net operating income, up 12 per cent in Q1 2018

2018-05-18 12:05:19
AFI Europe Romania published its financial results; The Net Operating Income from its income producing assets in Romania reached 13.6 million Euro during Q1 2018, representing 12 per cent high

ECONOMICS

Deloitte Romania and Reff & Associates advised MAS in acquiring Militari Shopping Center

2018-05-16 14:05:34
Deloitte Romania and Reff & Associates, member of Deloitte Legal in Romania, have advised MAS Real Estate in the acquisition of Militari Shopping Center from Atrium European Real Estate in a tra...

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INVESTMENTS

E-Distributie Muntenia supports class for electricians at the Energy Technical College Bucharest

2018-05-16 13:59:15
E-Distributie Muntenia has signed a partnership agreement with the Energy Technical College Bucharest, and will support starting this year a class in dual system for students who will receive up...

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ECONOMICS

Pillar 2 is a fundamental tool for pension savings, says Foreign Investors Council

2018-05-16 12:44:59
The Foreign Investors Council (FIC), which brings together companies hiring approximately 200.000 people, is worried by possible policy measures affecting the three-pillar pension savings system...

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ENERGY

Transelectrica opens 400 kV cross-border electricity interconnection between Romania and Serbia

2018-05-16 12:37:06
Transelectrica, Romania's state-owned monopoly of electricity transmission, announced that it opened a double-circuit 400 kV electricity transmission line between Resita in Romania and Pancevo i...

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ECONOMICS

OTP Bank Romania's profit increased 18 per cent in Q1 2018

2018-05-15 14:05:19
OTP Group announces the financial results for the first quarter of 2018. According to the report published in Budapest, which presents the consolidated result adjusted in accordance with the Gro...

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REAL ESTATE

Portland Trust sells Oregon Park to Lion's Head Investments

2018-05-15 13:33:34
Lion's Head Investments makes its first steps into the Romanian real-estate market and announces the acquisition of Portland Trust's and Ares Management's Oregon Park project, which consists of ...

REAL ESTATE

JLL secures 11 million Euro for refinancing of Lascar 31 Business Center Bucharest

2018-05-15 13:20:42
JLL has successfully secured 11 million Euro to refinance the Lascar 31 Business Center Bucharest on behalf of the manager of the project, ForeVest Capital Partners. Intesa Sanpaolo Bank Romania...

ECONOMICS

Vodafone Romania posts 723 million Euro services revenues in 2017, up 2.5 per cent compared to last year

2018-05-15 12:43:02
Vodafone Romania announces the key performance indicators for the fiscal year ended March 31st, 2018, as reported by Vodafone Group Plc.

ECONOMICS

Romania surpasses Greece as 16th economy in the EU

2018-05-14 11:42:20
Romania went up one place to become the 16th largest economy in the European Union (EU) in 2017. With the highest economic growth rate in the EU, of 7 per cent, Romania surpassed Greece last yea...

ECONOMICS

Romania may be the biggest EU fund loser in 2021-2027, says Erste

2018-05-14 11:38:45
Romania will be the Central and Easter European (CEE) country most severely hit by the EU funds cut in the 2021-2027 financial exercise, according to estimates by Austrian group Erste.

ECONOMICS

Romania's inflation rate hits 5-year record high of 5.2 per cent in April

2018-05-14 11:30:06
Romania's annual inflation rate rose to 5.2 per cent in April, a new record level since June 2013, energy prices increases having a large contribution to the evolution of consumer prices, Nation...

ECONOMICS

CFA Romania analysts say EUR/RON average exchange rate to reach 4,71 RON in next six months

2018-05-14 11:26:00
Eight out of ten Chartered Financial Analyst Romania (CFA) Romania analysts say that the EUR/RON average exchange rate will reach 4,71 RON in the next six months and 4,75 RON in April 2019.

INVESTMENTS

Glencore picks Romania to expand product development in oil trading ETRM

2018-05-11 14:07:44
Inatech, the energy trading risk management (ETRM) systems provider owned by Glencore, announces that it has picked Romania as a new hub for IT development.

ENERGY

Electricity consumption of Romania's households down 9.2 per cent in Q1 2018, statistics show

2018-05-11 13:47:06
Romania'a household consumers used 9.2 per cent less electricity in the first quarter of this year, compared to the same period of 2017, for a total of 2.9 billion kWh, according to the National...

ENERGY

Nuclearelectrica net profit up 51.7 per cent to 41 million Euro in Q1

2018-05-11 13:40:37
Nuclearelectrica, the state-owned operator of the nuclear reactors at Cernavoda, recorded a net profit of 41 million Euro in the first quarter of the year, up 51.7 per cent versus the same perio...

ENERGY

The electricity and gas distribution networks need over 10 billion Euro investments in the long term, says ACUE

2018-05-11 12:14:24
The electricity and gas distribution networks need investments over EUR 10 billion in the long term in order to replace the old infrastructure, according to the members of the Federation of Asso...

INVESTMENTS

Regus launches its 8th location in Bucharest

2018-05-10 14:06:54
Regus, global provider of flexible workplace solutions, has opened its eight location in Bucharest, located at Anchor Plaza and is expanding in the western part of Bucharest.

INVESTMENTS

B. Braun starts the execution of greenfield investment in Timis County

2018-05-10 13:36:11
B. Braun, one of the world's leading providers of medical products, starts the construction works at Group's largest greenfield investment in Romania, at Sanandrei, Timis County.

ECONOMICS

Goodyear reports net income of 75 million USD in Q1

2018-05-10 13:24:54
The Goodyear Tire & Rubber Company today reported results for the first quarter of 2018.

APPOINTMENTS

Deloitte Romania appoints Peter MacDonald as new Audit and Assurance Partner

2018-05-09 13:38:49
Deloitte Romania announced that Peter MacDonald has joined the firm as Audit and Assurance Partner to lead the Financial Services Industry Audit and Assurance practice.

ECONOMICS

Romania's average net wage hit all-time high in March

2018-05-09 11:49:08
Romania's average net monthly earnings growth rate accelerated to 15.5 per cent year-on-year in March, from 11.2 per cent in February, due mainly to granting of Easter bonuses, National Institut...

ECONOMICS

Austrian group buys industrial laundry business in Romania for five million Euro

2018-05-09 11:36:17
Austrian group Salesianer Miettex, which provides industrial laundry services, has taken over a division of local group Promar Textil from Brasov and its brand, Kromatic, according to Romania In...

ECONOMICS

Vodafone to boost converged services by acquiring UPC Romania

2018-05-09 10:30:58
Vodafone Group Plc has agreed to acquire Liberty Global's operations in Romania, Germany, Czech Republic and Hungary, for a total enterprise value of 18.4 billion Euro as part of a major investm...

ECONOMICS

World Bank sees Bucharest on par with Western Europe capitals

2018-05-08 13:45:11
Capitals in Eastern Europe, such as Bucharest, Sofia, Budapest and Warsaw compete with almost any major city in Western Europe in terms of economic development, according to a World Bank report....

1 Comment

ECONOMICS

Nissan to stop sale of diesel cars in Europe

2018-05-08 11:30:22
Japanese carmaker Nissan has announced that it will gradually withdraw from the diesel vehicle market in Europe, in the context of weaker demand for diesel as customers worry about tax rises and...

1 Comment

ECONOMICS

Autonom buys BT Operational Leasing from Banca Transilvania

2018-05-07 11:42:27
The Banca Transilvania Financial Group and Autonom have closed a deal for the sale of 100 percent of shares in BT Operational Leasing. Through this deal, BT exits a field that was a secondary ni...

1 Comment

ECONOMICS

New registrations of passenger cars down by 0.7 per cent in Q1 2018

2018-05-07 11:28:28
New registrations of road vehicles for passenger transport decreased by 0.7 per cent in the first quarter of 2018 compared to the first quarter of 2017.

INFRASTRUCTURE

Nuclearelectrica: Unit 1 in Cernavoda will be stopped in 2026 for refurbishment, project costs up to 1.5 billion Euro

2018-05-07 11:17:25
Unit 1 in Cernavoda nuclear power plant will have undergo a process of refurbishment in 2026, a project that will cost around 1.2-1.5 billion Euro, according to Romeo Urjan, the head of Nucleare...

REAL ESTATE

Skanska sells first office building in Campus 6 Bucharest to CA Immo

2018-05-07 11:01:51
CA Immo has acquired Campus 6.1 office building in Bucharest from Skanska. The transaction volume is 53 million Euro. The closing of the transaction is subject to the conditions usual for such t...

1 Comment

ECONOMICS

98,000 tourists spent around 6.4 million Euro in May 1 mini-holiday, says Romanian Tourism Federation

2018-05-03 13:16:36
According to the Federation of Romanian Tourism Business Owners (FPTR), around 98,000 tourists travelled to various resorts in the country during the May 1 mini-holiday, where they spent around ...

APPOINTMENTS

Airbus appoints Serge Durand as head of Romanian operations

2018-05-03 11:20:56
Airbus has announced the appointment of Serge Durand as head of the company's operations in Romania.

ENERGY

OMV Petrom Group's profit in Q1 up by 38 per cent to 854 million RON

2018-05-03 11:15:25
OMV Petrom Group recorded in the first quarter of 2018 a profit of 854 million RON, up by 38 per cent year-on-year, when it stood at 618 million RON, the company announced on Thursday.

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