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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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
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Retailer C&A Resumes Expansion
04.23.2019
The C&A group, one of the top five fashion retailers in Romania is resuming fast-paced expansion after having chosen to strengthen its local... more
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Jewelry Retailer Teilor to Open Ten More Stores in Rest of 2019 04.23.2019
Jewelry store chain Teilor, held by entrepreneur Florin Enache, already has 41 stores in the most important cities of the country and expansion... more
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Developers Working on 55,000 Apartments in Bucharest 04.23.2019
A number of 318 residential projects offering more than 55,000 homes are currently under construction in Bucharest, real estate consultant... more
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ING Romania To Move Its Bucharest HQ To Blue Rose Office Park As Of Sept 1 04.22.2019
ING Bank will consolidate its operations and move its central headquarters in capital Bucharest to Blue Rose Office Park, the latest project of... more
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Analysis: Romania Housing Prices At 2010 Level 04.22.2019
In the first quarter of 2019, prices of residential properties inched up 0.8% compared with the last quarter of 2018, according to a market report... more
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Nuclearelectrica Targets RON2.46B Revenue, RON350M Net Profit In 2019 04.22.2019
Romanian nuclear power company Nuclearelectrica (SNN.RO) budgeted revenue of RON2.46 billion for 2019, up 8% compared with the revenue reported a... more
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Power Holding CE Oltenia Targets RON1B Profit in 2019, Will Shed 200 Employees 04.22.2019
Romanian state-owned energy holding CE Oltenia targets a profit of RON1 million this year after laying off 200 employees. more
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Eurostat: Romania Imports EUR335.3M Worth Of Clothing Items In 2018
04.22.2019
Romania imported EUR335.3 million worth of clothes in 2018, higher than EUR278.34 million a year before, Eurostat, the statistical office of the... more
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BestJobs Poll: Romanian Employees Prefer Multinationals Despite Public Sector Wages Hikes 04.22.2019
Despite double-digit wage growth in the public sector, just three out of ten employees would consider working in the public sector in the near... more
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Austrian Cineplexx Acquisition of Baneasa Shopping City Cinema Confirmed 04.22.2019
Austrian giant Cineplexx International is acquiring Grand Cinema & More within Baneasa Shopping City in northern Bucharest for an undisclosed... more
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Romania Remains Attractive to Foreign Investors – EY Romania Partner 04.22.2019
Foreign investors' appetite for mergers and acquisitions remains high due to growing consumption and purchasing power in Romania, said Florin... more
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Turkish Group Invests EUR40M in Starch Plant in Romania 04.22.2019
Turkey’s Tosmur Group is investing EUR40 million in the construction of a starch plant in Medgidia, which will take up ten hectares and employ... more
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Kaufland Bought 40 Plots of Land for Expansion over Next Four Years 04.22.2019
Kaufland, the leader of the local retail by sales, has 40 plots of land it bought in order to open ten stores a year in 2019-2022, market sources... more
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OMV Petrom Shareholders Approve RON4.17B Investment Budget For 2019 04.19.2019
Shareholders of OMV Petrom (SNP.RO) approved Friday, within their ordinary general meeting, the company’s budget for 2019, which envisages... more
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Publicis Groupe Romania Launches Spark Foundry Agency In Romania 04.19.2019
Publicis Groupe Romania said it launched the Spark Foundry agency in Romania and the appointment of Valeriu Galani to the position of Business... more
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Alumil Eyes 18% Lower Turnover, Of RON77M, But Triple Net Profit, Of RON1.7M, YoY In 2019 04.19.2019
Romanian aluminum processor Alumil Rom Industry (ALU.RO) targets a turnover of RON77.09 million in 2019, down 18% from RON94.3 million in 2018, and... more
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Turkey’s Caba Group To Invest EUR100M In Second Phase Of 102 The Address Project 04.19.2019
Turkish real estate developer Caba Group said it will invest over EUR100 million in developing the second phase of the 102 The Address project, a... more
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Selgros to Open Store in Baia Mare, Expects 6% to 7% Growth in 2019
04.19.2019
Selgros Cash & Carry, which arrived in Romania in 2001, will open a new store this year, in Baia Mare. The company has a network of 22 stores in... 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.
