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Enel opened its largest shop in Iasi, in the Palas Mall

Enel opened in the Palas Mall complex its largest store in Iasi and in the Moldova region. Thus, both the household and business customers in Iasi will have a new dedicated sales and information...

Enel: "We are committed to achieve 100 per cent CO2-free power generation by 2050"

Governments and non-state actors need to deliver an urgent increase in ambition to ensure the Paris Agreement goals can still be met, according to a new UN assessment.

Transelectrica inaugurated the Campia Turzii station, fully refurbished with 9 million Euro

Transelectrica inaugurated the 220/110/20 kV Campia Turzii (Cluj County) electricity station, after an investment of about 42 million RON (9 million Euro).

EIB is lending 50 million Euro to Transgaz for a new European gas transmission corridor

The European Investment Bank (EIB) is lending 50 million Euro to Transgaz, the national gas transmission company of Romania, to finance the construction of a new European gas transmission corrid...

Mol Group posted a net profit of 823 million USD for Q1-Q3 2017

Mol Group announced its financial results for Q3 2017. With 576 million Dollars delivered in the quarter, clean CCS EBITDA for the first nine months of the year is 12 per cent up from last year ...

Transelectrica has six investment objectives on the list of European PCIs

Six major investment objectives of Transelectrica are on the third list of projects of common interest (PCI) on energy infrastructure adopted at the end of the year last week by the European Com...

E-Distributie Dobrogea invests 12 million RON for the modernization of the Abator primary station in Constanta

E-Distributie Dobrogea has begun an investment project worth around 12 million RON (2.6 million Euro) to modernize the primary station (high/medium voltage) Abator in the city of Constanta.

Romania and Serbia near completion of the 400 kV transmission line between Resita and Pancevo

Romania's national electricity transmission company announced that it has completed the crossing of the border to Serbia with the 400 kV Resita (Romania) - Pancevo (Serbia) transmission line.

E-Distributie Dobrogea invested 1.7 million RON to install separators on nine overhead high voltage power lines

E-Distributie Dobrogea is about to finalise the installation of 1.000 phase separators in nine overhead high voltage power lines in the counties Calarasi, Ialomita and Tulcea, in an investment p...

Mol Group net profit up by 24 per cent to 323 million Euro in Q1

Mol Group announced its financial results for Q1 2017, with net profit up by 24 per cent year-on-year to 323 million Euro. In the first quarter, all business segments (upstream, downstream, cons...

General Electric to provide turbine technology for the new combined-cycle power plant in Iernut

General Electric (GE) has been awarded an order from the consortium Duro Felguera (DF Energy) - Romelectro for core technology in a new combined-cycle power plant from Romgaz in Iernut, Romania....

E-Distributie Dobrogea invested 11 million RON to modernize Mircea Voda station

E-Distribution Dobrogea has invested about 11 million RON (2.4 million Euro) for the modernization of the Mircea Voda transformation station from Calarasi County, which supplies electricity thro...

Transgaz signs Memorandum of Understanding for the Vertical Corridor

Transgaz hosted the meeting between the representatives of the gas transmission system operators in Greece - DESFA, Bulgaria - BULGARTRANSGAZ, Romania - Transgaz, Hungary - FGSZ and ICGB - compa...

Nuclearelectrica to restart negotiations for nuclear reactors 3 and 4 from Cernavoda in September

Negotiations for the construction of nuclear reactors 3 and 4 from Cernavoda will be restarted in September, according to Nuclearelectrica's Extraordinary General Meeting of Shareholders from Au...

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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...

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.