EDP Renovaveis Builds Second Battery-Based Energy Storage Facility In Romania

10.11.2019

Energias de Portugal Renovaveis (EDPR), the third largest renewable energy investor in Romania and the leading wind power investor in Romania, is building in Romania the second battery-based energy storage facility, which will have a capacity of 1MW, the same as the first storage installation, said EDPR CEO Joao Manso Neto.

ZF NEWSRSS

Imobiliarium: 60% Of Realty Developers See Home Prices Growing In 2020, Only 10% Expect Price Declines
10.11.2019

Six in ten real estate developers expect home prices to increase in 2020 and only 10% of them see home prices falling, as per a survey conducted... more
Rompetrol Opens New Fuel Station Under Rompetrol Partner Franchise In EUR1M Investment
10.11.2019

Rompetrol Downstream, the retail division of KMG International Group in Romania, has recently opened a new fuel station under the Rompetrol Partner... more
Mircea Cosea Named Chairman Of Transelectrica Supervisory Board
10.11.2019

Mircea Cosea, aged 77, a professor at the Bucharest University of Economic Studies (ASE), has been elected Chairman of the Supervisory Board of... more
Daw Benta Opens Second Distribution Center In Republic Of Moldova
10.11.2019

Paint, coatings and other construction supplies manufacturer Daw Benţa, held by entrepreneur Remus Aurel Benta, opened a distribution center in... more
Romania Annual Inflation Slows To 3.5% In September 2019
10.11.2019

Romania's annual inflation rate slowed to 3.5% in September 2019, lower by 0.4 percentage points compared with 3.9% in August 2019, data from the... more
Brasov Invests RON64.5M In Business Center, Technology Transfer And Business Incubator
10.10.2019

Brasov City Hall has completed an investment of approximately RON64.5 million (EUR13.6 million) in a business center, technology transfer and... more
Romania's Government Collapses in No-Confidence Vote
10.10.2019

Romania's social-democrat government has been toppled in a no-confidence vote Thursday, as 238 lawmakers voted to dismiss Viorica Dancila's Cabinet. more
C&W Echinox Appoints Andrei Ianculescu as Head of Project Management
10.10.2019

Real estate consultancy company Cushman & Wakefield Echinox has recruited Andrei Ianculescu as head of its project management team, contributing to... more
New Car Registrations in Romania Grow 16.37% in Jan-Sept
10.10.2019

New car registrations in Romania grew 16.37% on the year in January-September, to 124,049 units, data from the association of automotive... more
Bucharest Ranks Third in Europe By Housing Rent Yields
10.10.2019

Bucharest ranks third in Europe after Brussels and Sofia by rent yields, according to a study by Imoteca The Residential Experts, which analyzed... more
Romania's Real GDP Grew 7.1% YoY in 2017
10.10.2019

Romania's gross domestic product grew 7.1% in real terms in 2017 compared with 2016, final data from the country's statistics board showed Thursday. more
New Central Bank Board Takes Over Friday
10.10.2019

Romania' central bank gets a new board starting Friday, for a period of five years, whose goal will be euro adoption. more
Romania GDP Grows 4.4% in 2Q/2019
10.10.2019

Romania's gross domestic product grew an annual 4.4% in the second quarter of 2019, a second reading by the country's statistics board showed... more
Romania's Trade Deficit Widens to EUR10.85B in Jan-Aug
10.10.2019

Romania's trade balance posted a deficit of EUR10.85 billion in the first eight months of 2019, EUR1.867 billion higher compared with the same... more
World Bank Raises Romania's GDP Growth Forecast to 4.2% in 2019
10.09.2019

The World Bank has raised its economic growth projection for Romania to 4.2% in 2019, from its April forecast of 3.6%, and to 3.6% for 2020, from a... more
Leonardo Badea Resigns as President of Financial Watchdog for Central Bank Job
10.09.2019
OMV Petrom's Hydrocarbon Output Drops 6.25% in 3Q/2019
10.09.2019
VGP Gets EUR34M Loan from Raiffeisen to Fund Industrial Project in Timis County
10.09.2019
Dabo Doner Plans To Open 10 Restaurants In Bucharest In 2020
10.09.2019
NEPI Rockcastle To Open Promenada Sibiu Shopping Mall In EUR100M Investment
10.09.2019
Romania Car Production Up 2.26% YoY To 354,812 Units In Jan-Sept 2019
10.09.2019
Romania Places 46th In IMD’s World Digital Competitiveness Ranking
10.08.2019
Antibiotice Iasi Plans To Register Over 25 Products In Vietnam
10.08.2019
OMV Petrom Announces Discovery Of New Hydrocarbon Resources In Oltenia Region
10.08.2019
NN Group Ups Its Holding In BRD-SocGen To 5.01%, Controls Voting Rights Bundle Valued At Nearly RON500M
10.08.2019

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Private Healthcare Network Regina Maria Up For Sale

Private healthcare network Regina Maria has been put up for sale by its owner, Polish buyout investor Mid Europa Partners. The deal

Romanian Government Softens Bank Tax, Disconnects It from Money Market Rates

Romania's government will lower the tax on banks' financial assets and decouple it from money market rates, according to a draft

Romania To Postpone Capital Hike Requirements for Private Pension Funds until May 31

Romania's government will postpone until May 31 the enforcing of new share capital requirements for administrators of mandatory private

Nuclearelectrica Signs USD $119M Framework Agreement With General Electric

Nuclear power company Nuclearelectrica (SNN.RO) on Tuesday concluded a framework agreement with General Electric Global Services GMBH /

Blue Air Signs New Agreement With TAROM

Low-cost airline Blue Air has signed a new bilateral interline agreement with state-run airline TAROM.

Romania Hotel Industry Turnover At EUR1.2B In 2018; Bucharest, Among Most Dynamic European Markets

The number of tourists in Romania grew 6.7% in 2018 and the turnover generated by the hotel industry is estimated at EUR1.2 billion,

CFA: Financial Analysts’ Confidence In Romania’s Economy Perks Up in February

Financial analysts’ confidence in Romania’s economy perked up in February compared with January but is still below the level

Canada’s Molson Coors Group, Bergenbier Owner, Leases 6,000 Sqm Within The Bridge Office Space Project

Molson Coors Global Business Services (GBS), the services center of Canadian group Molson Coors which owns brewer Bergenbier in

Analysis

Central Bank: Banking Sector Has Limited Capacity to Sustain Current Profitability Long Term

The Romanian banking sector, which consists of 35 banks, in its present structure has a limited capacity to sustain the recent profitability over the long term, the central bank said in a report.

Today's figure

Romania Inflation Slows to 3.3% in December

Romania's annual inflation rate slowed to 3.3% in December 2018, from 3.4% in November, data from the country's statistics board showed Monday.