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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Cinema One Laserplex Opens Cinema in Aushopping Satu Mare 12.06.2019
Romanian cinema operator Cinema One Laserplex has opened a cinema in the Aushopping Satu Mare shopping center developed by Ceetrus (formerly... more
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Compa Sibiu Seeks to Enter Hotel Business 12.06.2019
Romanian car parts manufacturer Compa Sibiu (CMP.RO) is looking to enter the hotel business and register Compa Hospitality and has summoned a... more
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Peeraj Takes Over Development of Japanese Discount Retailer Miniso in Romania 12.06.2019
Japanese discount store chain Miniso, which officially arrived in Romania in the fall of last year, will continue development in Romania through... more
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Two-Room Apartment Installment Down to Less Than 60% Of Net Average Wage From 250% In 2008 12.06.2019
The monthly installment to buy a two-room apartment in Bucharest has dropped to less than 60% of the net average wage in the country in September,... more
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China’s Sino CEEF in Pole Position to Buy Healthcare Provider Regina Maria 12.06.2019
Chinese private equity firm Sino CEEF wants to buy private healthcare network Regina Maria, the second largest actor on the private healthcare... more
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Procter & Gamble Romania To Build New Factory In Urlati 12.05.2019
Procter & Gamble Romania (P&G) will build a new factory, in Urlati, where it will produce laundry detergent pods, starting 2021. The new factory... more
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Rompetrol Well Services Expands Range Of Oil Well Services In The Black Sea 12.05.2019
Rompetrol Well Services (RWS) resumed and expanded the range of oil well services provided for upstream operations in the Black Sea through the... more
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Remedia Pharmacy Chain Up For Sale For At Least EUR5M 12.05.2019
Farmaceutica Remedia (RMAH.RO), which operates some 100 pharmacies, is to be sold for at least EUR5 million after its shareholders authorized the... more
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Mulberry Development Starts Work on Radisson Blu Hotel in Timisoara 12.05.2019
Mulberry Development, owned by local entrepreneur Ovidiu Sandor, has secured a building permit and will start work on a Radisson Blu hotel in the... more
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Colliers: Romanian Real Estate Investment Volume Seen at EUR700M in 2019, Lowest in 6 Years 12.05.2019
Real estate investment volumes in Romania stood below EUR500 million in the first nine months, similar to last year, as some deals have been... more
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Didier Balcaen Who Supervised Construction of Unirii View Develops Office and Residential Project in Northern Bucharest 12.05.2019
Didier Balcaen, the Belgian executive who runs developer Speedwell, has started a real estate project through Willow Residential that will include... more
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Top 50 Companies by Growth Rate in Romania Saw 9,500% Growth in 2014-2018 12.05.2019
The top 50 companies in Romania’s economy by business growth rate in the past five years posted 14.4 billion lei (EUR3 billion) revenue together... more
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Benvenuti Opens Enzo Bertini Store In Shopping Center Vivo! Cluj 12.04.2019
Footwear retailer Benvenuti, owned by entrepreneur Dan Pavel, has opened a new Enzo Bertini store, a multibrand shoe store covering 141 square... more
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Wizz Air Expands Bucharest Base Fleet With New Airbus A321; Launches Routes To Prague And Sevilla 12.04.2019
Low-cost airline Wizz Air, leader on the local market and the company with the largest growth in Central and Eastern Europe, announced Wednesday it... more
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Antitrust Body Looks Into Transaction Of Globalworth Group In Romania Logistics Sector 12.04.2019
Romania’s Competition Council is looking into an operation whereby Globalworth group, through Globalworth Holdings Cyprus Limited, and Alf Alf... more
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Carmistin Group Headed Towards EUR220M Turnover In 2019 12.04.2019
Carmistin Group, established in 2000 by the Paraschiv family, one of the largest players on the agri-food market, expects a turnover of EUR220... more
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Insolvent Romcab Targu Mures Posts 53% Higher Revenue, Of RON318M, In Jan-Sept 2019 12.04.2019
Romanian insolvent cable maker Romcab Targu Mures (MCAB.RO) ended the first nine months of 2019 with total revenue of RON318.4 million, up 53% on... more
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Lidl Opens Three New Stores, Reaches 261 Units in Romania 12.04.2019
German discount retailer Lidl continues expansion in Romania and opens three new stores, reaching a network of 261 units. more
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Farmec Expands with New Gerovital Franchise in Pitesti 12.04.2019
Farmec Cluj-Napoca, Romania’s leading cosmetics manufacturer, also active on the retail market, continues expansion via franchise by opening a... more
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ANIS: Romanian IT Market To Reach Nearly EUR6B in 2019 12.04.2019
Romania’s software and IT services sector will reach a turnover of EUR5.9 billion by the end of 2019 and exports account for nearly 80%, a study... 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.
