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Enel to invest 329 million Euro in Romania in 2017-2018

Enel has planned investments for a total of 329 million Euro for the current regulatory cycle ending in 2018, of which of over 151 million Euro are due for 2017 and 178 million Euro for 2018.

Commissioner Cretu underscores need for monitoring implementation of major projects in Romania
Uber to launch carpool service in Romania by 2020
BMW Group explores Romanian IT industry opportunities
Illegal logging in Romania reduces in 2016
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Print edition

POLITICS

USL agrees on proposed amendments to Constitution

Leaders of the Social Liberal Union (USL) have agreed on their suggested amendments to the Constitution, with their proposals due to be submitted to the Commission for the Revision of the Constitution, accordin...

ECONOMICS

Average net salary up four percent in March

The net nominal average salary reached RON 1,617 in March, up from 4.1 percent on the previous month. The biggest earnings were recorded in the tobacco industry - RON 5,645 - while the lowest salaries were in t...

ENERGY

Sfantu Gheorghe to get EUR 11 million PV plant

Sfantu Gheorghe Town Hall will build a photovoltaic park worth about EUR 11 million, with the money coming from EU funds, according to Mediafax. The project financing agreement was signed in early April in the ...

INFRASTRUCTURE

Constructors chosen for Lugoj-Deva motorway

Three sections of the Lugoj-Deva motorway section will be built by two Italian companies, Salini and Secol, and Romanian firms including Tehnostrade and Spedition UMB, Teloxim Con and the local representative o...

REAL ESTATE

Property investments up 18 percent in Q1

Real estate investments in Romania totaled EUR 116 million in the first quarter, up 18 percent compared to same period of last year, according to a DTZ Echinox report. The office sector accounted for 65.7 perce...

APPOINTMENTS

Daniela Lulache

is the new general manager and executive director of Nuclearelectrica. An economist, Lulache has held several positions such as GM and president of the executive at the Property Fund (between May 2008 and Decem...

INVESTMENTS

KazMunai Gaza buys USD 200 million of shares in Rompetrol

Kazakh state-owned oil and gas company KazMunai Gaza has bought some of the Romanian State's shares in Rompetrol for USD 200 million. "KazMunai Gaza, with the participation of the Romanian State, will have a ...

INVESTMENTS

RRG plans to start new residential project in Herastrau area

Rivergate Rating Group (RRG), the developer of the Linda Residence project in the east of Bucharest, has announced that it wants to start a new project on the local market, according to wall-street.ro "It will ...

EVENTS

The new Blue Air

Blue Air changed hands, with Airline Management Solutions (AMS) taking over Blue Air. Airline Management Solutions is a newly established company with 100 percent Romanian capital, whose shareholders are four R...

EVENTS

New Ford Engine

Ford officialls launched the production of its 1.5-liter EcoBoost engine at the plant in Craiova. Participants were given a tour of the factory in Craiova and a presentation of the new engine and the Ford inves...


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Reports

REPORTS

The financing flight: how to fill the hole?

The Romanian banking sector requires stability and predictability in order to evolve, but instead it is constantly fluctuating. Although 2012 was a tough year, with the sector registering a EUR 476 million net loss, key banking players are determined to improve the outlook.

REPORTS

Shooting the local road infrastructure movie: new production crews, multiple takes and no finished picture

In the making of the Romanian motion picture about a functional road infrastructure, the new Government has pointed the camera and said "Action!" once again for the Comarnic-Brasov motorway concession, take three. Meanwhile, the entire set has been changed for the Transylvania motorway, with the State preparing to pay its debts to Bechtel, which is bowing out of the picture.

REPORTS

Energy Champions celebrated in the Romanian Energy Gala Awards

The Romanian Energy Awards 2013 announced the winners of the categories for the conventional, renewable and individuals in a prestigious event organized by The Diplomat - Bucharest, continuing the annual tradition of acknowledging performance and exceptional acompishments in the Romanian Energy sector.

REPORTS

Reluctant banks drive real estate developers into new funding territory

Funding remains the main problem facing the real estate market in Romania. Whether it involves development or acquisition projects, banks have become increasingly selective in their choice of partners. In these circumstances, some investors have staked their own money, while others have tried to find alternative sources of funding, such as EU funds (for office and industrial buildings) and the capital market.

Features

COUNTRY FOCUS

Common ground empowers business

Although the value of bilateral trade decreased by 4.8 percent last year compared to 2011, to EUR 11.42 billion, Italy remains Romania's second biggest commercial partner after Germany, according to Diego Brasioli, the Ambassador of Italy to Romania. Furthermore, more than 34,000 Italian companies are registered on the domestic market, of which almost half are active, creating around 800,000 jobs.

 
 
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