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Gheorghe Ciubotaru, Electroalfa
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OTP Asset Management Romania launches open-end investment fund with exposure to the global real estate market

OTP Asset Management Romania launched the OTP Real Estate & Construction (OTP REC) fund to offer international exposure on the real estate and construction market.

Romania could remove special excise on fuels

Romania's Finance Ministry could remove the special excise on fuel, according to the minister Eugen Teodorovici, cited by Mediafax.

Engie acquires Romanian IoT company Flashnet, specialized in Smart Public Lighting

ENGIE announces the acquisition of 60 per cent of Flashnet, a Romanian Internet of Things (IoT) company.

1 Comment

TransferGo receives electronic money license

TransferGo, the international fast online transfer company, has been granted its e-Money license from the Bank of Lithuania. The license allows electronic money storage & transfer and other fina...

1 Comment

Garanti Consumer Finance signs a loan agreement for seven million Euro with The Black Sea Trade and Development Bank

Garanti Consumer Finance, part of the financial group Garanti Romania, has signed a loan agreement of seven million Euro with the Black Sea Trade and Development Bank (BSTDB).

1 Comment

International Business Forum stimulates Romanian entrepreneurs to expand abroad

The Ministry of Business, Commerce and Entrepreneurship organized an International Business Forum on August 30 and 31 at the Parliament Palace, with over 800 participants. The aim of the action ...

Startup co-founded by Romanian to turn unicorn

Branch, a deep linking startup in the U.S. co-founded by Romanian Madalina Seghete, will reach a valuation of 1 billion USD after a 129 million USD financing round, according to techcrunch.com....

Romania's IT market sees small growth in 2017

Romania's domestic software and IT services market recorded a growth of only 2.1 per cent in 2017, to 975 million Euro, according to ANIS.

Healthy Central European private equity activity levels set to continue, says Deloitte

The strong momentum underway in Central Europe's private equity markets should continue, according to the latest Deloitte Central Europe Private Equity Confidence Survey.

2 Comments

Continental to list powertrain division mid-2019

Continental is moving ahead with an initial public offering of its powertrain unit and new corporate structure in the car-parts maker's biggest overhaul in decades.

1 Comment

PayU expands to Israel through ZOOZ

PayU, the leading financial services provider in global growth markets, announced the acquisition of ZOOZ, the payment technology platform that operates in Israel. The transaction supports the c...

Romania's annual inflation rate rises again in August

Romania's annual inflation rate, which reflects the increase in consumer prices over the last 12 months, spiked again in August, reaching 5.1 per cent.

Romanian bank to change name after takeover

U.S. investment fund J.C. Flowers is preparing to change the name of local lender Piraeus Bank, which they acquired at the end of last year from Greek group Piraeus.

Romania gets 450 million Euro loan from EIB for rural development programme

The European Investment Bank (EIB) is lending 450 million Euro to Romania to finance its national contribution to the implementation of the Romanian Rural Development Programme (RDP) together wi...

Romanian M&A market speeds up in Q2, says Deloitte

The M&A market in Romania marked a significant recovery in the second quarter of this year, reaching 391 million Euro, compared with 258 million Euro in the first three months of the year. Accor...

1 Comment

Dacia posts half-year sales record

Dacia posted a half-year sales record in Europe with 281,225 vehicle registrations (up 14.6 per cent) and a record 2.9 per cent share of the market, according to world sales result published by ...

1 Comment

Vardinogiannis Group finalized the acquisition of Marfin Bank in Romania

Vardinogiannis Group, one of the most solid and well capitalized business conglomerates in Europe, finalized the acqusition of Marfin Bank, after receiving approval from the National Bank of Rom...

2 Comments

Black Sea Trade and Development Bank gives 40 million Euro loan to Alpha Bank Romania

The Black Sea Trade and Development Bank (BSTDB) is increasing the availability of financing to small and medium enterprises (SMEs) in Romania with a 40 million Euro SME Facility to Alpha Bank R...

More on News
New Government reshuffle in Romania to take place in October

A new reshuffle of the Government is supposed to take place in early October, according to the Socialist-Democrat Party (PSD) Liviu Dragnea. He said that, together with the Prime Minister Vioric...

Anca Jurma named interim chief prosecutor of Romanian anti-corruption agency

Prosecutor Anca Jurma has been named the interim chief prosecutor of the Romanian anti-corruption agency (DNA) following an order by the General Prosecutor Augustin Lazar.

1 Comment

Ambassador Klemm: Women are directly affected by digital exclusion

Women are directly affected by digital exclusion, US Ambassador to Bucharest Hans Klemm said Monday at the opening of the Digital Romania International Forum.

President Iohannis: Interconnection projects revealed at Three Seas Initiative summit are a top level political signal

The list of priority interconnection projects presented within the Summit of the Three Seas Initiative is "a top level political signal", on Tuesday stated Klaus Iohannis, in a news conference a...

President Iohannis to hold CSAT meeting on September 4 for budget revision

Romanian president Klaus Iohannis has summoned on September 4 the members of the Supreme Council of National Defence (CSAT) to approve the budget revisions for institutions handling national sec...

1 Comment

Engie acquires Romanian IoT company Flashnet, specialized in Smart Public Lighting

ENGIE announces the acquisition of 60 per cent of Flashnet, a Romanian Internet of Things (IoT) company.

1 Comment

OTP Asset Management Romania launches open-end investment fund with exposure to the global real estate market

OTP Asset Management Romania launched the OTP Real Estate & Construction (OTP REC) fund to offer international exposure on the real estate and construction market.

TransferGo receives electronic money license

TransferGo, the international fast online transfer company, has been granted its e-Money license from the Bank of Lithuania. The license allows electronic money storage & transfer and other fina...

1 Comment

Romanian bank to change name after takeover

U.S. investment fund J.C. Flowers is preparing to change the name of local lender Piraeus Bank, which they acquired at the end of last year from Greek group Piraeus.

Garanti Consumer Finance signs a loan agreement for seven million Euro with The Black Sea Trade and Development Bank

Garanti Consumer Finance, part of the financial group Garanti Romania, has signed a loan agreement of seven million Euro with the Black Sea Trade and Development Bank (BSTDB).

1 Comment

Romania's IT market sees small growth in 2017

Romania's domestic software and IT services market recorded a growth of only 2.1 per cent in 2017, to 975 million Euro, according to ANIS.

Black Sea Trade and Development Bank gives 40 million Euro loan to Alpha Bank Romania

The Black Sea Trade and Development Bank (BSTDB) is increasing the availability of financing to small and medium enterprises (SMEs) in Romania with a 40 million Euro SME Facility to Alpha Bank R...

International Business Forum stimulates Romanian entrepreneurs to expand abroad

The Ministry of Business, Commerce and Entrepreneurship organized an International Business Forum on August 30 and 31 at the Parliament Palace, with over 800 participants. The aim of the action ...

Healthy Central European private equity activity levels set to continue, says Deloitte

The strong momentum underway in Central Europe's private equity markets should continue, according to the latest Deloitte Central Europe Private Equity Confidence Survey.

2 Comments

Dacia posts half-year sales record

Dacia posted a half-year sales record in Europe with 281,225 vehicle registrations (up 14.6 per cent) and a record 2.9 per cent share of the market, according to world sales result published by ...

1 Comment

Startup co-founded by Romanian to turn unicorn

Branch, a deep linking startup in the U.S. co-founded by Romanian Madalina Seghete, will reach a valuation of 1 billion USD after a 129 million USD financing round, according to techcrunch.com....

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Daily Info
Transelectrica accelerates investments to increase the energy system safety in Dobrogea
The National Power Grid Company Transelectrica marked the completion of the second stage of the project of rehabilitation of the Station Transformation 400/110/20 kV Tulcea West.

CTP: smart expansion in a growing market
CTP, the most dynamic logistics and industrial parks developer in the country, will soon become a "millionaire" in square meters of premium logistics space. The company experienced a spectacular evolution in re...

New regulations adopted by ANRE will have a strong negative impact on consumers and endanger 4.500 jobs, says ACUE
The electricity distributors members of the Federation of Associations of Energy Utility Companies (ACUE) are deeply concerned about the negative impact on networks and consumers of the methodology to determine...

President Iohannis: Interconnection projects revealed at Three Seas Initiative summit are a top level political signal
The list of priority interconnection projects presented within the Summit of the Three Seas Initiative is "a top level political signal", on Tuesday stated Klaus Iohannis, in a news conference at the Cotroceni ...

Vodafone to lay off 1,700 service center employees in Romania, India and Egypt
Vodafone, one of the biggest telecom groups in the world, will lay off 1,700 employees from its service centers in Romania, India and Egypt, in this financial year, the group's new CEO Nick Read said in an inte...