Immofinanz AG Takeover of Immo Gets Antitrust Clearance
09.20.2018
Romania’s Competition Council has cleared the deal whereby Immofinanz AG acquires real estate company S Immo AG and the five companies it owns, the antitrust body said Thursday.
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Spaces Rents 4,100 Sqm in Expo Business Park in Northern Bucharest 10.17.2018
Spaces, a dutch concept of flexible work space, part of International Workspace Group, has signed a five-year lease for 4,100 square meters of... more
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Veranda Mall Owner Gets EUR34M from CEC Bank for Expansion 10.17.2018
Andrei Pogonaru, owner of the Veranda shopping center in Bucharest, has signed two loan agreements with CEC Bank for a total of EUR34 million to... more
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PwC: Salaries in Private Sector Grew 6.4% in 2018 10.17.2018
Salaries in the private sector in Romania grew by an average 6.4% in 2018, slightly above the planned levels of 5.7%, according to PwC Romania's... more
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Caro Hotel Complex Completes EUR3M Room Upgrade Investment 10.17.2018
The refurbishment of the 85 rooms of the Caro Hotels complex on Barbu Vacarescu in northern Bucharest has been completed, following an EUR3 million... more
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Local IT Industry To Reach 400,000 Employees In 14 Years 10.17.2018
The local IT industry is currently employing 110,000 people, and most of them work in IT outsourcing and support centers that multinationals opened... more
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Romania Registers 42,522 Real Estate Deals in September 10.16.2018
The number of real estate deals in Romania stood at 42,522 in September, 1,900 more compared with August, according to the national cadastre agency... more
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Cernavoda Nuclear Reactor 2 Returns to Full Power 10.16.2018
Romania's nuclear power producer Nuclearelectrica (SNN.RO) announced Tuesday it has restored Unit 2 of the nuclear power plant in Cernavoda to full... more
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Adecco: Romania Should Employ Seniors Part Time, Limit Early Retirement Policies 10.16.2018
Rapid aging of populations in Eastern Europe puts economies in the region in a delicate position and Romania needs to take urgent action to... more
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Medicover Completes Acquisition of Phoenix Medical Center in SW Romania 10.16.2018
Private healthcare services provider Medicover announced Tuesday it has completed the acquisition of the eight-unit Phoenix Medical Center in the... more
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Orbis Hotel Group To Open ibis Styles Hotel in Bucharest in 2020 10.16.2018
Orbis Hotel Group, the largest hotel operator in Eastern Europe and a strategic partner of AccorHotels, has signed a management agreement for a new... more
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Otter Distribution Expects 5% To 10% Annual Growth Over Next Three Years 10.16.2018
Otter Distribution, which has footwear retail and wholesale operations, owns 66 stores under several brands in Romania and four abroad, two in... more
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Telecom Industry: We Are Ready To Invest In 5G Technology 10.16.2018
Telecom operators on the local market will have separate budgets for the acquisition of 5G licenses from the auction the Romanian government is to... more
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CBRE: Modern Retail Stock Exceeds 3.5M Sqm, 32% Located in Bucharest 10.15.2018
Modern retail stock in Romania has reached 3.52 million square meters, of which approximately 32% located in the capital city Bucharest, a report... more
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Nuclearelectrica Reduces Power of Cernavoda Nuclear Reactor 2 for Repairs 10.15.2018
Romania's nuclear power producer Nuclearelectrica (SNN.RO) announced it would reduce the power of the second nuclear reactor at the power plant in... more
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Bittnet Sees Revenues at RON120M in 2019 Following dendrio - Crescendo Merger 10.15.2018
Bittnet Systems (BNET.RO expects to reach consolidated revenues of over RON120 million next year following the merger of dendrio and Crescendo, the... more
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Policolor Invests EUR5.4M in New Production Facility 10.15.2018
Paint and coatings manufacturer Policolor will invest EUR5.4 million in a new production facility in Bucharest that will raise its production... more
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Italy’s Epta Buys Majority Stake In DAAS 10.15.2018
Italian manufacturer and retailer of commercial refrigeration equipment Epta group has acquired the majority stake in Romanian-held DAAS in a deal... more
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McDonald’s Reaches 73 Restaurants in Romania After RON2.6M Investment In New Unit In Timisoara 10.12.2018
Fast-food restaurant chain McDonald’s Romania, the biggest player on the local restaurant market, held by Malta’s Premier Capital, has opened... more
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Fitch Affirms Romania’s Transelectrica at 'BBB'; Outlook Stable 10.12.2018
Fitch Ratings has affirmed Romanian state-run power grid operator Transelectrica's long-term issuer default rating (IDR) at 'BBB' with a stable... more
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Two Romanian IT Firms Make It Into 2018 Deloitte Technology Fast 50 Ranking For CEE 10.12.2018
Romanian companies Trencadis and Mondly made it into this year’s Deloitte Technology Fast 50 ranking for Central and Eastern Europe (CEE), being... more
Lender ING Bank Romania on Tuesday reported a net profit of RON345 million for the first half of 2018, on higher revenues and lower
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Hotels, pensions, lodges and motels in Bucharest and in the Constanta and Brasov counties posted more than 2.5 billion lei (EUR538
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Romania’s game development industry is dominated by multinationals and the four largest such companies in the country by revenue in
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Sales of durable goods on the Romanian market rose 11.8% in April-June 2018, to EUR700 million, mostly backed by the telecom segment,
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The 20 largest companies that went insolvent in the first half of 2018 posted 1.5 billion lei (EUR324 million) revenue and had about
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The investment volume in the first half of 2018 amounted to around EUR386 million in Romania, down 27% from the same period of the
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The Bucharest Stock Exchange increases the maximum number of companies in its BET index and its total return version BET-TR from 15 to
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C&W Echinox: Romania's Real Estate Market Attracted EUR386M Investments in 1H/2018
The investment volume in the first half of 2018 amounted to around EUR386 million in Romania, down 27% from the same period of the previous year, when the investment market reached a value of EUR530 million, according to Cushman & Wakefield Echinox calculations and estimates.
