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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...

Mercedes to open a new design centre in France

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...

Romania buys 13.9 million Euro radar from Lockheed Martin

Romanian state-owned defense contractor Romtehnica has purchased a tridimensional radar worth 13.9 million Euro (without VAT) from American group Lockheed Martin, according to an announcement in...

Purcari Wineries lists on the Bucharest Stock Exchange after a successful IPO

Purcari Wineries, a leading CEE wine producer, lists today on the Bucharest Stock Exchange, under the WINE symbol, following a successful IPO of 49 per cent of its shares.

EIB offers Romania 13 billion Euro financing in 25 years

The European Investment Bank (EIB) has granted Romania 13 billion Euro worth of loans since starting its operations in the country, in 1992, according to a report of the institution.

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...

Garanti Bank granted 14 million RON loan to Softronic to finance Hyperion 3

Garanti Bank granted a 14 million RON loan to Softronic, the only manufacturer of Electric Multiple Unit trains and electric locomotives in Southeastern Europe, for the production of Hyperion 3,...

UPS to purchase 14 additional 747-8f freighters and orders 4 new 767s

UPS announced it has ordered 14 Boeing 747-8 cargo jets and four new Boeing 767 aircraft to provide additional capacity in response to accelerating demand for the company's air services. All the...

Kaufland plans 200 million Euro investments in Romania in the next year

Kaufland, the leader of the Romanian retail market, plans 200 million Euro investments in the 2018-2019 financial year.

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.

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

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...

EBRD invested over 500 million Euro in Romania in 2017

The European Bank for Reconstruction and Development (EBRD) invested over 500 million Euro in Romania last year.

Zentiva NV is initiating a public offering for the acquisition of Zentiva SA shares

Zentiva N.V. is initiating, between 20.02.2018 - 05.04.2018, a public offering for the acquisition of all the shares outstanding of the company Zentiva S.A. (former S.C. Sicomed S.A. - Medicine ...

Porsche Romania posts a turnover of 638 million Euro in 2017, 16 per cent growth compared to 2016

Porsche Romania celebrates 20 years of activity, during which it delivered 455,055 cars under Volkswagen, Audi, Seat and Skoda brands.

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

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...

President Iohannis: The Romanian society is mature and active and needs a state to match it

President Klaus Iohannis stated, on the occasion of the annual meeting with the heads of diplomatic missions accredited in Bucharest, that the Romanian society is a mature one, which proved capa...

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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...

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President Iohannis meeting Juncker and Tusk in Brussels, modifications in Romanian justice among topics

President Klaus Iohannis is to meet on Wednesday, in Brussels, with President of the European Commission Jean-Claude Juncker and with President of the European Council Donald Tusk, according to ...

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PM-designate Dancila: "It's important to implement governing programme"

Prime Minister-designate Viorica Dancila stated that it's important to put into practice the governing programme, but also 2018- the Centennial Year and prepare to take over the Presidency of th...

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Iohannis: Romania's progress bound to stable legislation able to punish abuses

Romania's progress is inseparably bound to a coherent, stable legislation able to punish abuses and dishonesty, said President Klaus Iohannis, pointing out that the government has the obligation...

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Mihai Tudose announces his resignation as prime minister

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...

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...

BNI Romania members registered 50 per cent higher turnover in 2017

BNI Romania, member of the global network of reference-based professional networking, Business Networking International, registered a turnover of 6.2 million Euro in 2017, 50 per cent more than ...

European Commission grants Romania 800 million Euro to finish 2007-2013 projects

The European Commission (EC) has granted Romania 800 million Euro to help it finalize some big projects started during the 2007-2013 financial exercise.

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

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 ...

EIB supports the modernisation of infrastructure in Oradea

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...

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Daily Info
EIB offers Romania 13 billion Euro financing in 25 years
The European Investment Bank (EIB) has granted Romania 13 billion Euro worth of loans since starting its operations in the country, in 1992, according to a report of the institution.

Germanos stores in Romania rebrand into Telekom
Telekom Romania, the second-biggest telecom group on the local market, has started the rebranding process of the Germanos shops into Telekom.

OMV Petrom doubled its profit last year
OMV Petrom had a 2.49 billion RON profit in 2017, more than double than it had recorded in 2016 (1.04 billion RON), according to a report by the company.

Complet Electro Serv appoints Cristian Laza as new CEO
Complet Electro Serv, part of Altex Romania, has appointed Cristian Laza as CEO of Complet Electro Serv, producer and distributor of electric-IT equipments.

Mol Group posts highest profit in a decade in 2017
Mol Group announced its financial results for 2017. Mol increased its EBITDA by 14 per cent outperforming its 2017 target on the back of a strong financial and operational delivery of all business segments....