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Mol announces plans to build new headquarters in Budapest

Mol Group announced its plans to relocate its corporate headquarters by 2021 to Mol Campus, the company's new 83,000 sqm office.

ADM Capital sells Brikston Construction Solutions to Wienerberger AG

ADM Capital, an international private equity fund, acquired a 98 per cent stake in Brikston Construction Solutions (Brikston) in July 2014 and has agreed to sell its full shareholding to Wienerb...

Austria holds over 14 per cent of all foreign investments in Romania

Austrian investors see Romania as an excellent investment destination and the largest market in South-Eastern Europe, according to Gerd Bommer, the Austrian Embassy Commercial Counsellor.

Bog'Art to build IKEA's second store in Bucharest

IKEA has announced that Bog'Art will build its new store from Theodor Pallady area in Bucharest. The second store in Bucharest will be opened next year, following an investment of around 80 mill...

Airbus Helicopters and IAR sign exclusive agreement for H215M in Romania

Airbus Helicopters and IAR have signed an exclusive cooperation agreement for the heavy twin engine H215M multi-role helicopter. IAR will become the prime contractor for the H215M for any future...

British American Tobacco invests 60 million Euro to increase factory production in Ploiesti

British American Tobacco (BAT), one of the largest cigarette manufacturers in Romania, announced on Monday that this year, the company will invest 60 million Euro in the construction of a new pr...

Business Lease Romania opens its first regional centre in Cluj-Napoca

Business Lease Group, a Dutch company specializing in providing full mobility solutions to companies in Central and Eastern Europe, opened a new operational centre in Cluj. This expansion aims t...

Continental and Orange to develop Timisoara Smart City project

Continental Romania, in partnership with Timisoara City Hall and Orange Romania, will develop a smart city project for the people of Timisoara. Citizens will be able to enjoy secure Wi-Fi in Vic...

Net investment in national economy, down 3.3 per cent in 2016

Net investment carried out last year in Romania's national economy stood at 70.281 billion RON (15.6 billion Euro, declining 3.3 per cent from 2015, according to data released by the National In...

Alesonor to invest 12 million Euro in expansion of Amber Gardens and two new projects in Bucharest

Alesonor, the developer of the green residential project Amber Gardens, will invest 12 million Euro this year to add 21 houses in the complex and to develop two new energy efficient residential ...

Sonaca to make Airbus parts in Romania following 11.5 million Euro investment

Belgian aerospace company Sonaca has opened in western Romania county Cluj a new plant that will manufacture parts for Airbus A320 aircraft, following a 52 million RON (11.5 million Euro) inves...

Prysmian opened a 25 million Euro cable plant in Slatina

Prysmian Group, world leader in the energy and telecom cable systems industry, inaugurated its largest optical cable plant in Europe located in Slatina, after a 25 million Euro investment.

Autoliv to open engineering centre in Palas Iasi project

The Iulius Company signed a partnership with Autoliv, a global leader in the manufacture of automotive safety systems, as per which the Romanian subsidiary of the Swedish manufacturer will open ...

FAN Courier foundation launched the Light for Romania project

Several needy families, including 16 children from Ursita village in Iasi County benefit today of electricity brought to their homes with the help of FAN Courier foundation and Free Miorita Asso...

More on News
Romania initiates first meeting of EU Council Presidencies' Trio with Finland and Croatia

Minister-Delegate for European Affairs Victor Negrescu has initiated on Monday in Brussels, the first, minister-level meeting of the Trio of Presidencies that Romania is due to commence on Janua...

PM Tudose: We will shortly come up with new form of split VAT collection

A new form of split VAT collection, which will respond to the requests made in this period by business representatives, will be presented shortly, Prime Minister Mihai Tudose announced on Monday...

Iohannis: Advanced presence on Eastern Flank must be reinforced, especially in Black Sea

President Klaus Iohannis stated on Monday that the advanced presence on NATO's Eastern Flank must be reinforced.

MAE requests Ukraine to adopt necessary measures so that Romanians learn in their mother tongue

The Foreign Affairs Ministry (MAE) announced that it will continue to take steps with the international authorities to signal the negative impact of the legislative amendments in Ukraine's Educa...

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.

ADM Capital sells Brikston Construction Solutions to Wienerberger AG

ADM Capital, an international private equity fund, acquired a 98 per cent stake in Brikston Construction Solutions (Brikston) in July 2014 and has agreed to sell its full shareholding to Wienerb...

Mol announces plans to build new headquarters in Budapest

Mol Group announced its plans to relocate its corporate headquarters by 2021 to Mol Campus, the company's new 83,000 sqm office.

TotalSoft appoints Tom Stankiewicz as Financial Services Executive Director

TotalSoft, one of the leading ERP and financial solutions providers, part of software company Logo Software (Logo), takes new strategic steps in further penetrating international financial marke...

Werk invests 2.5 million Euro in 400 parking spots near Vox Technology Park

Werk Property Group will start in November the construction of a new parking with a capacity of 400 parking spots in the immediate vicinity of office project Vox Technology Park from Timisoara. ...

Colin Lovering joins Avison Young in Romania

Avison Young announced the strategic hiring of business development specialist Colin Lovering, a press release shows.

CTP to invest over 150 million Euro for CTPark Bucharest West by the first quarter of 2018

CTP continues to strengthen its status on the domestic market through a series of important investments in the development of CTPark Bucharest West. The total investment in the CTPark Bucharest ...

CTP acquires Chitila Logistic Park for over 17 million Euro

CTP continues its growth by acquiring a logistics park, situated near Bucharest, Chitila Logistic Park (CLP), following an investment of 17.3 million Euro (CLP). The transaction was concluded in...

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Daily Info
ADM Capital sells Brikston Construction Solutions to Wienerberger AG
ADM Capital, an international private equity fund, acquired a 98 per cent stake in Brikston Construction Solutions (Brikston) in July 2014 and has agreed to sell its full shareholding to Wienerberger AG of Aust...

PM Tudose: We will shortly come up with new form of split VAT collection
A new form of split VAT collection, which will respond to the requests made in this period by business representatives, will be presented shortly, Prime Minister Mihai Tudose announced on Monday in a meeting wi...

Three Romanian companies among the fastest-growing technology companies in CE
Three Romanian companies made it to the Central European Deloitte Technology Fast 50 ranking and one received a special award for the Most Disruptive Innovation.

EBRD to become a shareholder in Agricover Holding
The EBRD and Agricover Holding have signed legal agreements today confirming the Bank's intention to become a shareholder in the Romanian agribusiness company.

Colin Lovering joins Avison Young in Romania
Avison Young announced the strategic hiring of business development specialist Colin Lovering, a press release shows.