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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Schaeffler Factory In Brasov Posts 11% Higher Turnover, Of RON2.2B, In 2018 yesterday, 21:21
Schaeffler Romania, the local subsidiary of Germany’s Schaeffler group, reported a 11.5% higher turnover year-on-year in 2018, of over RON2.2... more
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Coface: Romania Ranks 2nd In EU By Share Of Retail Products In Total Imports yesterday, 20:14
Romania ranks second among European Union Member States regarding the share of imported retail products, reaching 53% of the total value of imports... more
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Trade Register: Beginner Entrepreneurs Set Up 47,069 Startups In Romania From 2011 Until End-March 2019 yesterday, 19:36
Beginner entrepreneurs established 47,069 limited liability companies – startups (SRL-D) from 2011 until the end of March 2019, according to... more
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Retailer elefant.ro Aims To Break Even As Soon As Possible; Eyes Profit In 2021 yesterday, 19:20
Elefant Online SA, the company that runs elefant.ro, one of the largest local online stores, wants to break even (total cost and total revenue are... more
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More Than 20,000 Firms In Romania May Get EUR3M To EUR25M Financing From Poland’s CVI yesterday, 16:11
Polish private debt company Credit Value Investments (CVI), with a EUR200 million budget earmarked for investments in the sector of small and... more
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Electrica Approves Distribution Of Dividends At 6.8% Yield From 2018 Net Profit yesterday, 14:42
Shareholders of Electrica (EL.RO), the largest electricity distributor in Romania, on Thursday approved a proposition of the company’s Board of... more
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Chimcomplex Becomes Romania's Largest Exporter after Acquiring Oltchim Assets yesterday, 14:12
Romanian chemical producer Chimcomplex said Thursday it has become the country's largest exporter and its turnover grew to RON343.3 million in the... more
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Imobiliarium: Luxury Homes In Bucharest See 2% To 5% Price Declines yesterday, 13:33
The luxury home segment saw price decreases of 2% to 5% in some of Bucharest’s districts and more attractive offers are seen in northern... more
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Teraplast Group Posts 34% Turnover Growth in 1Q, to RON174.6M yesterday, 11:13
Building materials manufacturer TeraPlast Group said Thursday its turnover grew 34% on the year in the first quarter of 2019, to RON174.6 million,... more
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Furniture Maker Aramis Invest: We Export RON1B Furniture, Import RON500M Parts A Year yesterday, 09:54
Baia Mare-based furniture manufacturer Aramis, a business held by local entrepreneurs Vladimir Iacob and Marius Selescu, works with several foreign... more
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MaxBet Sees RON145M Profit In 2018 yesterday, 09:30
Gaming company MaxBet ended 2018 with 571 million lei (EUR120 million) revenue, 20% higher than in 2017, Finance Ministry data show. The company... more
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Four Turkish Industrial Groups Build EUR180M Plants, Create Over 1,100 Jobs In Romania 04.24.2019
Turkish industrial group Coskunoz is investing EUR20 million in the construction of a car parts factory in the locality of Dragasani (Olt County),... more
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Romania Grants RON151M State Aid to Nine Investment Projects 04.24.2019
Romania's finance ministry has signed nine financing agreements granting state aid totaling RON151.1 million to nine investment projects through a... more
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Colliers: Companies Lease 105,000 Sqm of Office Space in Bucharest in 1Q/2019 04.24.2019
Activity on the Bucharest office market started with moderate results in the first quarter of 2019, with total demand of 105,000 sqm, of which net... more
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TMK-Artrom Slatina Owner Seeks to Sell 69M Shares on Stock Market 04.24.2019
Russian TMK, owner of industrial pipe manufacturer TMK-Artrom Slatina (ART.RO), plans to launch a second public offering on the Bucharest Stock... more
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Window and Door Maker Electric Plus to Open First Barrier Stores Abroad 04.24.2019
Bacau-based Electric Plus, a manufacturer of PVC trim, window rolling shades and garage doors, held by businessman Adrian Garmacea, will open its... more
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ZF Mobilio ’19: Costs of National 5G Infrastructure Could Reach EUR1B per Operator
04.24.2019
The costs of building 5G mobile communications networks with a similar coverage and quality as the current 4G infrastructure, of more than 90% of... more
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Chemical Plant Oltchim Opens Bankruptcy Procedures 04.23.2019
The consortium of judicial administrators of insolvent chemical plant Oltchim Ramnicu Valcea has started bankruptcy procedures after the company's... more
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iSTYLE Buys iCenter Store in Bucharest, Reaches Ten Stores in Romania 04.23.2019
Apple reseller iSTYLE Retail has acquired the iCentre store in Promenada shopping mall in Bucharest, reaching ten stores in Bucharest and main... more
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Romanian Agriculture Sector Accounted for 4.3% of GDP Growth in 2018 04.23.2019
The Romanian agricultural sector contributed 4.3% of the country's economic growth in 2018, compared with 4.4% in 2017, according to a study by... 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.
