OMV Petrom Sells Dorobantu Wind Park To Transeastern Power B.V For EUR23M

yesterday, 21:17

OMV Petrom on Thursday announced the signing of a contract to sell OMV Petrom Wind Power SRL (Dorobanu Wind Park) to Transeastern Power B.V., a limited liability company registered in the Netherlands, a subsidiary entirely owned by Transeastern Power Trust, for the amount of EUR23 million.

ZF NEWSRSS

Logistics Company KLG Invests EUR20M In New Warehouses
yesterday, 22:02

Logistics operator KLG Europe Logistics targets a nearly 10% increase in its 2017 turnover, to EUR31 million, compared with EUR29 million posted in... more
Hidroelectrica Pays RON1B Dividends From 2016 Profit
yesterday, 21:44

Romania’s state-owned hydropower producer Hidroelectrica will pay entirely the dividends for 2016, in the amount of RON1.035 billion, to its two... more
Eurostat: Romania Had One Of Lowest Government Debts In EU In 1Q/2017
yesterday, 17:01

Romania saw a slight decline in the ratio of government debt to GDP, in the first quarter of 2017, among European Union member states, thus,... more
Agricola Bacau Group 1H Turnover Up 6% Due To Sales Of Group’s All Firms
yesterday, 16:05

Agricola Group registered a turnover of RON322 million in the first half of 2017, up 6% on the year, due to sales of all companies within the group... more
Attila Peli, JLL: Timpuri Noi Area, Including Splaiul Unirii, Remains Attractive For Residential Projects
yesterday, 15:25

Bucharest’s Timpuri Noi area, including Splaiul Unirii, will remain attractive for the development of residential projects, not office space... more
Romania Sells RON700 M of 6-Month T-Bills at 0.55% Average Yield
yesterday, 14:52

Romania's finance ministry on Thursday raised a planned 700 million lei (EUR153.3 million) selling six-month maturity treasury bills at an average... more
City Insurance Exits Financial Recovery Procedure
yesterday, 13:29

Romania’s Financial Supervisory Authority (ASF) on Thursday said it decided to close the financial recovery procedure for insurance company City... more
Sett Paving Market Reached Nearly EUR85M In 2016, Similar With 2015 Level
yesterday, 12:57

The sett paving market reached nearly EUR85 million in 2016 and a volume of products delivered of nearly 3.2 million meters, according to Sebastian... more
PwC: Political Consensus Crucial to Building Transport Infrastructure
yesterday, 11:27

Although Romania has one of the lowest scores in the European Union in terms of quality of infrastructure, according to the World Economic Forum's... more
Press Review - July 20, 2017
yesterday, 09:12

more
Six Romanian Retailers Expanded Abroad With More Than 55 Stores
yesterday, 00:00

Six Romanian apparel, footwear or cosmetics retailers have tried their luck on foreign markets and now have more than 55 single-brand stores opened... more
P&G And Colgate-Palmolive Account For Almost 70% Of Toothpaste Sales In Romania
yesterday, 00:00

US-held Procter & Gamble and Colgate – Palmolive account for about two thirds of Romania’s oral care market that includes sales of toothpaste,... more
EUR50M Exit To KKR For Three Romanians Operating On Cable TV Market In Serbia
yesterday, 00:00

Mihai Sotropa, one of the few local entrepreneurs who entered the cable TV market in the early nineties and are still there, sold along with his... more
Japanese Companies In Great Britain May Relocate Their Businesses To Romania
07.19.2017

Japanese companies in Great Britain want to move their businesses to Romania, in the context of Brexit and due to the economic growth registered by... more
House Prices In Romania Up 5% In January-March 2017, Above EU Average
07.19.2017

House prices in Romania rose 5.1% in the first quarter of 2017, compared with the year-earlier period, according to a study by Eurostat, the... more
APIA: New Car Sales Up Over 17% In January-June 2017
07.19.2017
Daimler Trucks Launches TruckParts by Mercedes-Benz In Romania
07.19.2017
FAN Courier Sees 14% Growth In Revenue In H1
07.19.2017
OMV Petrom Starts Works On New Polyfuel Unit At Petrobrazi Refinery
07.19.2017
Study: Entrepreneurial Initiative In Romania, A EUR2.4M Business For The State In 2017
07.19.2017
Romania Posts Biggest Annual Decline In Production In Construction In EU In May 2017
07.19.2017
NEPI Completes Merger With Rockcastle, Delists From Bucharest Stock Exchange
07.19.2017
Farmec Own-Store Sales Topped EUR1M in 1H 2017
07.19.2017
Furniture Maker Lemet Opens RON1.2M Store in Targoviste
07.19.2017
ELCEN Reports RON165M Gross Profit in 1H 2017
07.19.2017

more news

BCR CEO: Romania Must Provide Confidence For Erste And BCR To Buy Risk

Romania is going through a favorable time for its economy, for business, customers are better prepared but we must not let ourselves be

BRD-Groupe Société Générale And UniCredit Bank Grant Over EUR177M Loan To A&D Pharma

BRD-Groupe Société Générale and UniCredit Bank is granting a syndicated loan worth over EUR177 million to pharmaceutical group A&D

Study: Romanian Entrepreneurs More Optimistic About Their Businesses Than European Average

Nearly half (49%) of Romanian entrepreneurs said they started their own business to feel more secure about their own future, according

C&W Echinox: Bucharest Logistical and Industrial Space Stock Grew Tenfold in 13 Years

The modern logistic and industrial space stock in Bucharest grew nearly ten times in the past 13 years, to nearly 1.2 million square

OMV Petrom Invests EUR5M In Modernizing Test Center At Petrobrazi Refinery

OMV Petrom, the largest oil and gas producer in Southeastern Europe, on Wednesday said it invested nearly EUR5 million in modernizing

Giant Bond Issue On Bucharest Stock Exchange As Globalworth Seeks To Raise EUR550M

BT Capital Partners, a top five broker in Romania, has been entrusted with the listing of the Globalworth bonds on the Bucharest Stock

Timken Opens $60M Bearing Plant in Ploiesti

US company Timken opened a new bearing factory in Romania Tuesday, near Ploiesti, following an investment of $60 million.

NEPI To Inaugurate Shopping City Ramnicu Valcea By End-2017

South-African investment fund New Europe Property Investment (NEP.RO), the largest player on the Romanian real estate market, has

ManpowerGroup: Romanian Employers Forecast Steady Job Gains In Q3/2017

28% of Romanian employers plan to add to their payrolls in the July – September 2017 timeframe, according to the Q3 edition of the

Brisegroup Budgets EUR7M Investments In Building And Upgrading Silos

Brisegroup, one of the largest grain traders and farm input wholesalers in Romania, plans to invest EUR7 million in the completion of a

Continental Plans To Boost Staff Numbers In Romania By 1,500 In 2017

Continental, one of the world’s largest car parts manufacturers, said it plans to increase the number of employees in Romania, by

Analysis

Banks Get EUR600M on Lower Reserve Ratios But Loan Interests Could Rise

Banks have around EUR600 million following the central bank's cutting of required ratios on foreign currency liabilities by two percentage points, but interests on loans could rise following international trends, despite higher market liquidity.

Today's figure

Romania Average Net Salary Grows 4.7% in March

The net average salary in Romania grew 4.7% in March compared with February, to 2,342 lei (around EUR515), data from the country's statistics board showed Tuesday.