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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JYSK Opens Its Second Store In Cluj-Napoca; Reaches 82 Units In Romania today, 19:04
JYSK Romania, one of the largest furniture and home décor retailers, with a turnover of over EUR100 million in Romania, will be opening its second... more
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Organic Fertilizer Producer Norofert Attracts RON11.5M From Stock Market Investors today, 18:05
Organic fertilizer producer Norofert closed in less than a day the first private placement for corporate bonds and attracted RON11.5 million from... more
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Antitrust Body Fines Roche Romania EUR12.8M For Abuse Of Dominant Position On Cancer Drug Market today, 15:52
Romania’s Competition Council on Wednesday said it fined pharmaceutical company Roche Romania SRL a total RON59,967,944 (EUR12,857,897) for abuse... more
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Dan Robinson Named President Of Romanian Brewers Association today, 14:15
Dan Robinson, managing director at Heineken Romania, has been appointed president of the Romanian Brewers Association, replacing Lucian Ghinea, the... more
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Electrogrup Builds EUR5.6M Residential Project In Bucharest For Nusco Imobiliara today, 13:56
Electrogrup, a company held by Teofil and Simion Muresan brothers and by Marian Pantazescu, has announced the start of works on the third phase of... more
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Company That Makes Bicycles for Decathlon Invests EUR30M in New Production Facility today, 09:59
Timisoara-based Sport Mechanical Workshop company, which assembles bicycles for sporting goods retailer Decathlon, will invest EUR30 million in a... more
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Construction Materials Manufacturer Celco Invests Over EUR40M in Its Plants today, 09:00
Constanta-based construction materials manufacturer Celco will complete an over EUR40 million investment program in 2020. Celco posted some 150... more
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Alro Shareholders Approve $40M Credit Line yesterday, 17:37
Shareholders of aluminum producer Alro Slatina (ALR.RO) approved Tuesday a $40 million credit line from the Black Sea Trade and Development Bank to... more
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Colliers: Investment Yields May Drop Below 7% For Office Buildings In 2020, But Romania Remains Attractive yesterday, 14:18
The yields of investments in office buildings may decrease in Romania too, below 8% in 2020, in the context in which the market in the region... more
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Opus Land Plans to Invest EUR22M in Cosmopolis Residential Project Expansion yesterday, 13:29
Opus Land, the developer of the Cosmopolis residential compound in Bucharest, plans to invest over EUR22 million in 2020 to expand the project to... more
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Miele 2019 Turnover Up 20% YoY To Over EUR10M In Romania yesterday, 13:12
German-held retailer Miele, which sells premium home appliances, reported a turnover of over EUR10 million in Romania, up 20% on the year, mostly... more
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Re/Max Offices Report EUR4.5M Fees From Realty Deals In 2019; Eye 35% Growth To EUR6M In 2020 yesterday, 12:51
Real estate agency franchise RE/MAX Romania registered fees of EUR4.55 million in 2019, up over 50% compared with 2018, and targets a nearly 35%... more
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Obsidian AG Launches Local Insurance Broker in Romania yesterday, 12:50
Swiss Obsidian AG has entered the Romanian insurance brokerage market and launched Obsidian Broker de Asigurare-Reasigurare. The local company is... more
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Schneider Electric Romania Sales Manager Takes Over as General Manager in February yesterday, 12:21
Lucian Enaru will take over in February as general manager of Schneider Electric Romania and Moldova as the four-year term of current general... more
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CBRE: Realty Investments In Romania Overshoot EUR1B In 2019, A Record High Of Last 5 Years yesterday, 11:00
The volume of real estate investments in Romania exceeded the EUR1 billion mark in 2019, totalling approximately EUR1.06 billion, up 7% compared... more
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Number Of Passengers On Bucharest Airports Up 6% YoY To 14.7 Million In 2019 yesterday, 10:28
Bucharest’s two international airports, Henri Coanda (Otopeni) and Baneasa-Aurel Vlaicu, registered a traffic of 14.729.894 million passengers in... more
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Mineral Water Bottler Apemin Tusnad Sees 12% in Revenue to RON64M in 2019 yesterday, 10:27
Apemin Tusnad, a top ten natural mineral water bottler, ended 2019 with growth of about 12% year-on-year to 64.3 million lei (more than EUR13... more
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Pillar II Pension Funds Allowed to Invest up to EUR2B in Infrastructure yesterday, 10:03
The seven Pillar II private pension funds, which manage EUR13 billion assets, will be allowed to invest up to 15% of their assets or EUR2 billion... more
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Mid Europa Partners Drops Plans to Sell Regina Maria yesterday, 00:00
Buyout investor Mid Europa Partners, of the most active financial investors in Romania over the last few years, has decided to put on hold the sale... more
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Group Of Investors Pays EUR3.4M For 35 Apartments Within Central District 4 Elemente Residential Project 01.20.2020
A group of investors has paid EUR3.4 million for 35 apartments within the Central District 4 Elemente residential project, developed by Forty... more
Buyout investor Mid Europa Partners, of the most active financial investors in Romania over the last few years, has decided to put on
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Timisoara Centrum, a mall project valued at EUR90 million and announced by Alpha Group Investments and Ali Ergun Ergen in the spring of
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Mandatory private pension funds in Romania (Pillar II) had an average yield of 11.8% in 2019, the highest in the past nine years, the
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The most important international brands worldwide are already present in Romania where they get tens, hundreds of millions or even
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German retailer Kaufland, leader on the Romanian food trade sector with annual sales of over RON10 billion (EUR2.2 billion), will be
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Banca Transilvania, Romania's largest lender by assets, plans to acquire 100% of the share capital of Microinvest, which specializes in
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Romania's annual inflation rate climbed to 4% in December 2019 from 3.8% in November, data from the country's statistics board showed
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International rating agency Moody's expects Romania to record one of the highest inflation rates in Central and Eastern Europe (CEE),
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Romanian Banks Do Better Than EU Banks By Solvency, Profitability But Not Asset Quality
Romania’s banking system has better prudentiality, solvency, profitability and balance sheet structure indicators than the European average.
