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

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...

Romania's inflation rate up to 1.8 percent in September, says INS

The annual inflation went up in September to 1.8 percent from 1.2 percent in August, according to data of the National Institute of Statistics (INS), as reported by Agerpres.

Transilvania Broker de Asigurare becomes the first insurance brokerage company to be listed on Bucharest Stock Exchange

Transilvania Broker de Asigurare, a leading insurance brokerage company, will get listed on the main market of the Bucharest Stock Exchange (BVB) following a secondary initial public offer, whic...

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

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 ...

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

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.

URBB posts record production figure in 2017

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...

The economy is growing, investor confidence is deteriorating, says FIC

The Foreign Investors Council (FIC) publishes twice a year the results of the Business sentiment index survey conducted among its members.

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

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...

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

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...

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

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....

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

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).

DB: 77 per cent of Romanian IT specialists living abroad consider a return to the country

A study released by DB Global Technology shows that 77 per cent of Romanian IT specialists living abroad consider a return to the country.

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

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 ...

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

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...

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

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...

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

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...

Mega Image to continue expansion in Romania in 2018

Local retailer Mega Image will continue its expansion next year, according to Vassilis Stavrou, the general manager of the Mega Image operations in Romania.

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

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...

EBRD acquires 4.4 per cent stake in Globalworth

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...

Nokia appoints Joerg Erlemeier as Chief Operating Officer

Nokia announced the appointment of Joerg Erlemeier as Chief Operating Officer (COO) and member of the Group Leadership Team (GLT) with immediate effect.

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

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...

Iulius opened a new office building in Openville Timisoara

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....

CBRE: Bucharest university centres attract new business poles

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.

Immofinanz closes the sale of the Russian retail portfolio

Immofinanz has successfully concluded the sale of its retail portfolio Moscow to the Russian FORT Group. The transaction closed in St. Petersburg.

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

Local real estate developer Forte Partners will develop the residential project Aviatiei Park after a funding of 12 million Euro from Banca Transilvania.

Concept store 1 Minute signs lease agreement in AFI Tech Park

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...

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Editorial

Daily Info
CTP wins two awards at real estate gala
CTP was awarded with two important distinctions by an international publication, at a gala dedicated to the Romanian real estate market.

ARIES: Romanian IT industry has doubled its revenue in six years, reaching a market worth about five billion Euro
ARIES Transilvania announces the results of an extensive national IT market study in Romania, carried out with the support of the City Hall and the Cluj-Napoca Local Council, and which analyzes the evolution of...

EBRD acquires 4.4 per cent stake in Globalworth
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 end of September....

Nokia appoints Joerg Erlemeier as Chief Operating Officer
Nokia announced the appointment of Joerg Erlemeier as Chief Operating Officer (COO) and member of the Group Leadership Team (GLT) with immediate effect.

KeysFin: Multinationals control 60 per cent of the Romanian IT sector
Large foreign investors have reached a share of over 60 per cent of the local software industry, according to a study by local financial consultancy firm KeysFin.