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Marius Vacaroiu, Policolor
Tax changes have made us elaborate more budget impact assessments this year»
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REAL ESTATE

Rezidor to open a new Radisson Blu to open in Timisoara

2018-01-16 17:10:03
The Rezidor Hotel Group announced the signing of the Radisson Blu Hotel, Timisoara. This takes the group’s portfolio in Romania to four hotels, with two in operation and two under development ...

POLITICS

Mihai Tudose announces his resignation as prime minister

2018-01-16 09:43:46
Mihai Tudose announced on Monday evening, at the end of the Social Democrat Party (PSD) National Executive Committee (CExN) meeting, that he resigns as prime minister of Romania. "I am leaving w...

ECONOMICS

Garanti Bank expects a four per cent GDP growth rate in 2018

2018-01-15 16:17:48
Garanti Bank estimates that the growth rate of the gross domestic product (GDP) could reduce speed in 2018, to four per cent, from 6.5 per cent in 2017, mainly due to a slower pace of industry a...

POLITICS

Contract for the purchase of 227 Piranha V armored personnel carriers, signed in presence of PM Tudose

2018-01-15 09:41:12
The contract for the purchase of 227 Piranha V armored personnel carriers was signed on Friday in the presence of Prime Minister Mihai Tudose, Deputy Prime Minister Marcel Ciolacu and Defense Mi...

ENERGY

The increase of the final gas price for the population, determined by higher acquisition costs, says ACUE

2018-01-10 09:59:02
As a result of the increase of the cost of gas purchases paid by suppliers to the natural gas producers, ANRE decided, according to the methodology in force, to raise the final gas price for the...

REAL ESTATE

AFI Europe Romania to receive 22 million Euro development loan for AFI Tech Park phase 1

2017-12-20 16:42:09
AFI Europe Romania has signed a financing agreement of 22 million Euro with Bank Leumi Romania for the development of phase 1 of AFI Tech Park, the newest business park the company is currently ...

ECONOMICS

EIB supports the modernisation of infrastructure in Oradea

2017-12-20 16:36:29
The European Investment Bank (EIB) is lending 21 million Euro to the Municipality of Oradea to finance improvements to its urban infrastructure. EIB funds will also support investments targeting...

AGRIBUSINESS

BSTDB provided 15 million Euro loan to Agricover Credit IFN

2017-12-20 16:25:18
The Black Sea Trade and Development Bank (BSTDB) provided 15 million Euro to Agricover Credit IFN, a Romanian financial institution specializing in financing the agricultural sector.

ENERGY

MET Romania to continue its development on the local market

2017-12-20 12:08:20
Following the successful completion of Repower's takeover, MET Romania aims to analyze other opportunities on the local market, thus continuing to invest either by taking over other suppliers or...

ECONOMICS

Ministry of Public Finances set to issue Euro-bonds worth 8 billion Euro in the next two years

2017-12-18 16:38:13
The Ministry of Public Finances (MFP) contemplates issuing Euro-bonds worth approximately 8 billion Euro (equivalent) over 2018-2019, in the context of the implementation of the annual plan for ...

INFRASTRUCTURE

CNAIR auctioned infrastructure projects worth four billion Euro in 2017

2017-12-18 11:26:13
The National Road Infrastructure Management Company (CNAIR) informs that it auctioned projects worth around four billion Euro in 2017, the highest value in the last 27 years.

INVESTMENTS

Mercedes to open a new design centre in France

2017-12-18 11:16:39
Mercedes-Benz operates a number of design studios not only at its headquarters in Stuttgart, but in locations around the world. And now the German automaker wants to open a new Advanced Design C...

REAL ESTATE

Unirii View office project is starting to take shape in the centre of Bucharest

2017-12-18 11:09:55
Unirii View, the project which will be the tallest modern office building in downtown Bucharest, is starting to take shape.

INFRASTRUCTURE

BMW to build test track for self-driving cars

2017-12-15 12:25:04
German luxury automaker BMW said on Friday it will spend over 100 million euros ($118 million) on a test track for self-driving and electric cars in the Czech Republic, as it expands its foray i...

INFRASTRUCTURE

Telekom launches the third Smart City pilot project in Romania

2017-12-14 16:26:59
Telekom Romania launched in Piatra Neamt, the third Smart City pilot project, after the ones in Bucharest and Constanta. The company's project is part of the strategy of expanding its own operat...

INVESTMENTS

First EIB loan to a corporate in Romania's local currency

2017-12-14 16:07:52
The European Investment Bank (EIB) is providing the first loan to a corporate in Romania that can be disbursed in local currency; the equivalent of 50 million Euro will be granted to Transgaz, R...

ECONOMICS

Romania plays in the big league, says Deloitte survey

2017-12-14 14:53:36
On the backdrop of a stable economic context in the region and with growing macroeconomic indicators, Romania has won the deal doers' trust now becoming a core market for private equity funds ne...

ENERGY

Electrica Group launches its first sustainability report

2017-12-14 12:34:47
Electrica Group, leader in the distribution and supply of electric energy in Romania, is launching a sustainability report for 2016, which serves as the first non-financial report of the company...

ENERGY

Energy price for households to increase as of 1 January

2017-12-13 16:36:32
The price of energy for consumers who are powered in universal service will increase as of 1 January, while the peak energy consumption, between 18:00 hrs and 22:00 hrs will be more expensive by...

INFRASTRUCTURE

E-Distributie Muntenia invested 14.5 million RON for the modernisation of the Cotroceni primary station

2017-12-13 12:13:40
E-Distributie Muntenia invested about 14.5 million RON (3.15 million Euro) for the first stages of the modernization of the Cotroceni primary station in Bucharest, a 3-year project which began i...

APPOINTMENTS

Citi Romania appoints Ivan Vrhel as general manager

2017-12-13 11:56:48
Citi announced the appointment of Ivan Vrhel as general manager of Citi Romania, keeping at the same time the current responsibilities as director of Citi Commercial Bank division for SMEs.

REAL ESTATE

Immochan to finalize the second phase of Coresi Business Park in 2018

2017-12-12 12:49:51
Building N1, belonging to the second phase of Coresi Business Park, has been completed in September 2017 and is fully leased. Azets, Accenture, Intech and Waters occupy the entire building, with...

INVESTMENTS

EBRD acquires 4.4 per cent stake in Globalworth

2017-12-11 10:44:20
The European Bank for Reconstruction and Development (EBRD) has acquired a 4.4 per cent stake in real estate developer Globalworth, whose portfolio in Romania reached 1.08 billion Euro at the en...

APPOINTMENTS

Nokia appoints Joerg Erlemeier as Chief Operating Officer

2017-12-11 10:21:45
Nokia announced the appointment of Joerg Erlemeier as Chief Operating Officer (COO) and member of the Group Leadership Team (GLT) with immediate effect.

POLITICS

Iohannis: Justice independence, public positions' integrity are constitutional values not to be negotiated

2017-12-08 13:12:33
Promoting the rule of law and Justice independence, fighting against corruption, ensuring integrity in public positions and dignities are constitutional values that cannot be negotiated, Preside...

INVESTMENTS

Construction works for the first pediatric oncology and radiotherapy hospital in Romania to begin with 8 million euro

2017-12-08 12:21:42
Daruieste Viata Association is an NGO to start the construction works for the first pediatric cncology and radiotherapy hospital in Romania, in the court yard of the “Marie Curie” hospital i...

INVESTMENTS

Mega Image to continue expansion in Romania in 2018

2017-12-07 13:33:25
Local retailer Mega Image will continue its expansion next year, according to Vassilis Stavrou, the general manager of the Mega Image operations in Romania.

REAL ESTATE

Quick Service Restaurant 1 Minute signs lease agreement in AFI Tech Park

2017-12-07 13:26:51
AFI Europe Romania concluded a new lease agreement for AFI Tech Park Business Campus. The new tenant is LS Travel with their concept store "1 Minute", who leased a space located on the ground fl...

REAL ESTATE

Immofinanz closes the sale of the Russian retail portfolio

2017-12-07 11:40:23
Immofinanz has successfully concluded the sale of its retail portfolio Moscow to the Russian FORT Group. The transaction closed in St. Petersburg.

REAL ESTATE

CBRE: Bucharest university centres attract new business poles

2017-12-06 16:43:43
Most new investments in office buildings have been concentrated around Bucharest's university centres, which have become increasingly attractive for real estate developers, CBRE shows.

REAL ESTATE

Forte Partners to develop Aviatiei Park following 12 million Euro funding from Banca Transilvania

2017-12-06 13:57:37
Local real estate developer Forte Partners will develop the residential project Aviatiei Park after a funding of 12 million Euro from Banca Transilvania.

INFRASTRUCTURE

Posta Romana auto park to increase by 180 units, following investment of 3 million Euro

2017-12-06 10:38:13
Posta Romana auto park will increase by 180 units, out of which 80 cars of 3.5 tones will be functional this week, following that until the end of the month to be distributed the rest of 100 car...

REAL ESTATE

Iulius opened a new office building in Openville Timisoara

2017-12-05 11:06:50
The Iulius Company completed a new office building spanning on over 13,000 sqm in Openville Timisoara, the mixed-use project the company develops together with Atterbury Europe near Iulius Mall....

ECONOMICS

Garanti Leasing signs a loan agreement for 15 million Euro with EFSE

2017-12-04 12:22:16
Garanti Leasing, part of Garanti Romania, has signed a loan agreement of 15 million Euro with the European Fund for Southeast Europe (EFSE). The facility is meant to increase access to financing...

ENERGY

Transelectrica has six investment objectives on the list of European PCIs

2017-11-29 12:33:04
Six major investment objectives of Transelectrica are on the third list of projects of common interest (PCI) on energy infrastructure adopted at the end of the year last week by the European Com...

ECONOMICS

Immofinanz posted increase in net profit for the first nine months of 2017

2017-11-29 10:43:45
Immofinanz posted a significant increase in net profit from continuing operations for the first three quarters of 2017, to 116.3 million Euro (Q1-3 2016: -217.8 million Euro).

INVESTMENTS

Black Sea Oil & Gas to receive additional investment from EBRD

2017-11-29 10:27:22
Black Sea Oil & Gas announces that the European Bank for Reconstruction and Development has become a minority shareholder in the company. EBRD will receive one board seat as part of the investme...

REAL ESTATE

AFI Europe Romania has signed the first lease agreement for AFI Tech Park with World Class

2017-11-28 13:43:23
AFI Europe Romania has signed the first lease agreement for AFI Tech Park, the company's newest business park developed in Bucharest. World Class Romania will be the first tenant of the campus, ...

APPOINTMENTS

Deloitte Romania appoints Dinu Bumbacea as consulting practice head

2017-11-27 14:29:12
Deloitte Romania announces that Dinu Bumbacea will join the firm to strengthen the Deloitte consulting practice as partner-in-charge, effective December 2017.

REAL ESTATE

AFI Europe Romania posts net operating income of over 37 million Euro in the first nine months

2017-11-24 12:26:33
AFI Europe Romania published its financial results, with the net operating income from its income producing assets in Romania of over 37 million Euro in the first nine months of the year, 10.4 p...

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Most read Daily Info
» Garanti Leasing signs a loan agreement...
» MET Romania to continue its developmen...
» AFI Europe Romania to receive 22 milli...
» Iulius opened a new office building in...
» Posta Romana auto park to increase by ...
» Quick Service Restaurant 1 Minute sign...
» Forte Partners to develop Aviatiei Par...
» First EIB loan to a corporate in Roman...
» Iohannis: Justice independence, public...
» Mega Image to continue expansion in Ro...
Read in the Print Edition
Business Lease - A Mobility Partner for People with Sensory Impairments in Romania

Business Lease, one of the leaders in operating leasing, supports for the second consecutive year people in Romania with sensory impairments