Nuclearelectrica Signs USD $119M Framework Agreement With General Electric
03.26.2019
Nuclear power company Nuclearelectrica (SNN.RO) on Tuesday concluded a framework agreement with General Electric Global Services GMBH / / GE Global Parts & Products GmbH, for the provision of complete maintenance and repairs services for the turbine, electric generator, valves and auxiliary systems of the two reactors at Cernavoda nuclear power plant.
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Rodbun Expects RON600M Revenue and At Least 30% Growth in 2019 yesterday, 06:00
Rodbun Grup, one of the largest Romanian agricultural businesses, which has input wholesale and grain trading operations, posted about 450 million... more
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Continental Expands Iasi Offices in EUR27M Investment 06.14.2019
German-held Continental has started works to expand its office building in Iasi, northeastern Romania, in a EUR27 million investment. more
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Survey: Romania Among Top Ten Ice Cream Producers In EU 06.14.2019
More than 200 ice cream manufacturers on the Romanian market place Romania, according to Eurostat data, on the tenth spot among ice cream producers... more
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Five-Star Hilton Sibiu Posts RON10M Profit and RON19M Revenue in 2018 06.14.2019
Hilton Sibiu hotel posted almost 19 milion lei (EUR4 million) revenue and more than 50% profit margin last year, ZF has calculated from publicly... more
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Private Equity Firm White Star and US University About to Buy Liberty Office Complex in Cluj 06.14.2019
Fribourg Development, the real estate division of private equity firm Fribourg Capital, held by Ion Sturza, former prime minister of the Republic... more
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Medical Inflation Seen Dropping to 10% in Romania 06.13.2019
The Romanian market will register a drop in medical inflation from 15% in 2018 to 10% this year, although the cost of medical services is on the... more
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Iulius Town, Biggest Retail Project in Western Romania, Opens End-August 06.13.2019
Iulius Town, a EUR220 million real estate project developed by Iulius and Attenbury Europe, will be inaugurated on August 30, Iulius Group said in... more
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GfK: Brick-and-Mortar Retail in Romania, Lithuania to See Highest Growth in EU in 2019 06.13.2019
Romania (+7%) and Lithuania (+5.9%) are expected to have the highest growth rates in 2019 for brick-and-mortar retail in the 27 EU nations... more
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Catinvest Invests EUR3M In Expanding TOM Shopping Mall In Constanta By 3,500 Sqm 06.13.2019
French real estate group Catinvest has invested EUR3 million in expanding by 3,500 square meters the surface area of TOM shopping center in... more
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Purcari Wineries Starts Share Buyback Program 06.13.2019
Winemaker Purcari Wineries (WINE.RO) on Thursday started a share buyback program, at a maximum price of RON30 per share and a minimum price of RON5... more
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Phone and Tablet Wholesaler Gersim: We Chose to Be Cautious In 2018 06.13.2019
Gersim Impex, the largest wholesaler of mobile phones and tablets in Romania, posted 713.1 million lei (EUR153.2 million) sales in 2018, down 11%... more
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Farmec Opens First Franchised Gerovital Store in Bacau 06.12.2019
Farmec Cluj-Napoca, Romania’s leading cosmetics manufacturer, also active on the retail market, marks the launch of its franchise system for its... more
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Avis Sees Car Rental Revenues at EUR9.2M in 2019 06.12.2019
US car rental company Avis estimates a turnover of EUR9.2 million this year, 4.5% higher than in 2018 and 21% higher than in 2017, the company said... more
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Enel Invests Over EUR5M In Expansion, Upgrade Of Its Romanian Store Chain In Last 3 Years 06.12.2019
Enel, the Italian utility group engrossed in the electricity distribution and supply in Muntenia Sud, Banat and Dobrogea, has carried out... more
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U.S. Investment Fund Broadhurst To Liquidate Electroaparataj Or Sell It To Valahia Trade Union 06.12.2019
Shareholders of Electroaparataj Targovişte (ELJ.RO), which manufactures electrical equipment and electrotechnical accessories, on Tuesday approved... more
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TeraPlast Reappoints TeraSteel CFO and CEO 06.12.2019
TeraPlastGroup, the largest Romanian producer of construction materials, reappointed two of the Group directors for a period of 4 years: Ioana... more
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Pillar II Pension Fund Managers End 2018 With Combined Net Profit Of RON168M 06.12.2019
The seven mandatory private pension funds in Romania, known as Pillar II, ended 2018 with a combined net profit of RON168 million, 3% higher from... more
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Construction Materials Wholesaler Arabesque Sees Drop in Sales, Rise in Profit In 2018 06.12.2019
Romanian construction materials wholesaler Arabesque based in Galati and held by Cezar Rapotan posted slight decline in sales in 2018 to less than... more
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Vastint Set to Develop Residential Project with Schools, Retail and Office Space in Sisesti Area of Bucharest 06.12.2019
The Vastint Group, which has the same owners as the Inter IKEA group, is taking one step further towards the completion of the residential project... more
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Fashion Retailer Kik Already at Almost 20 Stores in Romania, Thinks Market Can Take over 250 06.12.2019
German-held kik group, which operates in the discount fashion retail and arrived in Romania last fall, has already opened almost 20 stores in this... more
Private healthcare network Regina Maria has been put up for sale by its owner, Polish buyout investor Mid Europa Partners. The deal
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Romania's government will lower the tax on banks' financial assets and decouple it from money market rates, according to a draft
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Romania's government will postpone until May 31 the enforcing of new share capital requirements for administrators of mandatory private
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Nuclear power company Nuclearelectrica (SNN.RO) on Tuesday concluded a framework agreement with General Electric Global Services GMBH /
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Low-cost airline Blue Air has signed a new bilateral interline agreement with state-run airline TAROM.
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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,
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Financial analysts’ confidence in Romania’s economy perked up in February compared with January but is still below the level
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Molson Coors Global Business Services (GBS), the services center of Canadian group Molson Coors which owns brewer Bergenbier in
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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.
