Bilka Buys Hidromecanica 2 Platform, Starts EUR20M Investment
yesterday, 13:33
Brasov-based metal roofing manufacturer Bilka has acquired the local Hidromecanica 2 platform and plans to invest EUR20 million in the period 2017–2020, mostly into developing products for the industrial sector.
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ArcelorMittal Galati Invests EUR15M in New Production Line today, 18:22
ArcelorMittal Galati, the largest steel mill in Romania, will invest EUR15 million in a new production line that will put out 90,000 tons of steel... more
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Transelectrica Considers Borrowing Money to Pay Dividends to Romanian Government today, 16:29
Romanian state-run power grid operator Transelectrica might have to borrow money to pay special dividends of RON170.79 million as the government,... more
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BCR Opens VAT Accounts For Its Corporate Clients today, 15:29
Banca Comerciala Romana (BCR) will open value-added tax payment accounts for its corporate clients first on demand, then automatically, to allow... more
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RICS: Romanian Property Market Shows Growth In Activity and Investor Interest today, 15:19
Occupier market momentum is rising in countries in Central and Eastern Europe, with modest growth in Romania, where rents are expected to grow in... more
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Alumil Rom Industry Sells Two Plots Of Land In Timis County For EUR470,000 today, 15:01
Romanian aluminum processor Alumil Rom Industry (ALU.RO), a division of Greece’s Alumil Aluminium Industry, sold a vacant plot of land and a plot... more
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FIC: Romania's Infrastructure Will Act As Brake On Growth today, 14:25
Romania is rapidly approaching the point, if it has not reached it already, where the current infrastructure will act as a brake on growth, the... more
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Furniture Maker Lemet Invests RON1.7M In Two New Stores today, 14:09
Romanian furniture manufacturer Lemet, which sells its products through its own Lem’s stores, keeps investing in its Lem’s store chain and is... more
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Fashion House Outlet Center Bucharest Posts 12% Higher Sales In 1H/2017 today, 13:28
The revenue, as well as the average expense of a client shopping at Fashion House Outlet Center Bucharest, rose 12% in the first half of 2017,... more
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Inditex Posts EUR1.4B Net Profit In 1H/2017 today, 13:26
Inditex, which holds the brands Zara, Pull&Bear and Bershka, registered a net profit of EUR1.4 billion in the first half of 2017, up 9% on the year. more
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Vehicle Sales in Romania Up 11.6% in January-August today, 13:08
otal vehicles sales grew 11.6% on the year in Romania in January-August and passenger cars alone grew 14.5%, the Automotive Manufacturers and... more
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KeysFin: Romanian Transporters’ Turnover Exceeded Historic Level Of EUR10B In 2016 today, 12:23
The economic growth and major investments in the national freight vehicle fleet took the transport market to a historic level, topping the EUR10... more
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Romania’s Economy Has 130 Companies And Banks With More Than RON1B Revenue today, 10:50
Romania’s economy had 130 companies and banks with revenue of at least one billion lei (EUR281 million) last year. The top 130 actors in the... more
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Eden Capital Development To Buy Site Of Industrial Bakery On Calea Plevnei In Bucharest today, 10:45
Eden Capital Development, the developer of Cortina Residence complex in Baneasa, northern Bucharest, is about to buy a 2.8-hectare plot of land of... more
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Paraschiv, Paco Supermarket: We Opened Three Supermarkets Last Year, Was Difficult today, 00:00
Paco Supermarket store chain of entrepreneur Feliciu Paraschiv opened three supermarkets last year for a total of ten in Vrancea County (eastern... more
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Carniprod Tulcea Headed Towards More Than RON84M Revenue In 2017 today, 00:00
Carniprod Tulcea, one of the biggest meat processors in Romania, expects double-digit growth in revenue in 2017. The company could see more than 84... more
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Romania Sees Constant Unreported Cyberattacks Targeting Banks - Kaspersky Lab yesterday, 17:31
Romania registers constant unreported cyberattacks targeting banks and six such attacks occurred in the last year alone, Costin Raiu, director of... more
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Romanian Antitrust Authority Keeps Eye on Fuel Prices yesterday, 17:29
Romania's antitrust body is keeping close watch on the fuel market and will intervene if it notices prices rising excessively following a hike in... more
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Finance Minister Says Employers Will be Forced to Freeze Gross Wages yesterday, 16:25
Romania's finance minister Ionuţ Misa said Tuesday the government plans to “freeze” gross wages temporarily, while it transfers payments due... more
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ProCredit Bank To Offer VAT Accounts Free of Charge yesterday, 16:04
Lender ProCredit Bank said Tuesday it will open value-added tax payment accounts for its SME clients free of charge, to help them comply with split... more
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Hidroelectrica Invests RON24M In Upgrading Its Plant In Calimanesti yesterday, 15:02
Romanian state-run hydropower generator Hidroelectrica is investing RON23.7 million in modernizing hydropower plant HA1 Calimanesti, and works will... more
Romania is going through a favorable time for its economy, for business, customers are better prepared but we must not let ourselves be
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BRD-Groupe Société Générale and UniCredit Bank is granting a syndicated loan worth over EUR177 million to pharmaceutical group A&D
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Nearly half (49%) of Romanian entrepreneurs said they started their own business to feel more secure about their own future, according
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The modern logistic and industrial space stock in Bucharest grew nearly ten times in the past 13 years, to nearly 1.2 million square
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OMV Petrom, the largest oil and gas producer in Southeastern Europe, on Wednesday said it invested nearly EUR5 million in modernizing
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BT Capital Partners, a top five broker in Romania, has been entrusted with the listing of the Globalworth bonds on the Bucharest Stock
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US company Timken opened a new bearing factory in Romania Tuesday, near Ploiesti, following an investment of $60 million.
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South-African investment fund New Europe Property Investment (NEP.RO), the largest player on the Romanian real estate market, has
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28% of Romanian employers plan to add to their payrolls in the July – September 2017 timeframe, according to the Q3 edition of the
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Brisegroup, one of the largest grain traders and farm input wholesalers in Romania, plans to invest EUR7 million in the completion of a
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Continental, one of the world’s largest car parts manufacturers, said it plans to increase the number of employees in Romania, by
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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.
