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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Offshore Bill Modified By MP Committee, Sets Higher Tax Rates For Additional Income 10.02.2018
Romanian Lower Chamber MPs modified on Tuesday several provisions of the pending bill which regulates Black Sea offshore exploitations, changing... more
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Blue Air, Moldovan Investors Buy Moldovan State Airline for RON12M 10.02.2018
Romanian low-cost airline Blue Air, in consortium with a group pf Moldovan investors, has bought the national airline in the Republic of Moldova. more
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Alpla Pharmaholding Takeover of Argo Romania Gets Antitrust Clearance 10.02.2018
Romania's antitrust body on Tuesday cleared the deal whereby Alpla Pharmaholding, member of Austria’s plastics packaging giant Alpla Group, took... more
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Petrolexportimport Shareholders Approve Company Insolvency 10.02.2018
The General Meeting of Shareholders of Romanian fuels wholesaler Petrolimportexport has approved the company's plan to enter insolvency procedures. more
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Romgaz Extends Mandate Of Its General Manager By Four Years 10.02.2018
The Board of Directors of Romania’s largest natural gas producer Romgaz Medias (SNG.RO) has approved a decision to extend for four years the... more
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Orbis Group To Open Its First Hotel In Timisoara, Under Mercure Brand, In 2019 10.02.2018
Poland's Orbis Hotel Group, a strategic partner of AccorHotels in Eastern Europe, will be opening in 2019 its first hotel in Timisoara (western... more
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One United Properties Starts Works On Premium Residential Project In Mamaia Nord Area 10.02.2018
Real estate developer One United Properties, the owner of several office and residential buildings in capital city Bucharest, will start works on... more
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Starbucks Continues Expansion In Romania With New Unit In Bucharest’s Pipera Area 10.02.2018
US-held coffeehouse chain Starbucks, which has been operating in Romania since 2007, has opened its third unit in capital Bucharest’s Pipera... more
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Braiconf Sells Its 8.7% Stake In Romcarbon For Nearly RON3M 10.02.2018
Romanian apparel maker Braiconf Braila (BRCR.RO) sold its 8.7% stake, which translates into 23 million shares, held in plastic profiles producer... more
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Private Equity Firms Collected EUR133M From Exits In Romania In 2017 10.02.2018
Private equity firms collected EUR133 million for the companies in Romania they sold last year, which is the highest amount in four years and... more
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Sanador Revenue Up 22% In H1 10.02.2018
Sanador, one of the largest actors on the private medical service market in Romania, ended the first half with double-digit growth in revenue, as a... more
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Enel Energie Relocates Timisoara HQ to Office Building in Openville Complex 10.01.2018
Power utility Enel Energie has relocated its headquarters in Timisoara, western Romania, to the United Business Center 1 (UBC 1) office building in... more
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Tierra Scavi, SA&PE Construct To Build Two Sections of Craiova-Pitesti Expressway 10.01.2018
Tierra Scavi and the consortium SA&PE Construct are the two builders for the first two sections of an expressway linking Craiova to Pitesti in... more
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Competition Council Looks Into Takeover Of G-A Nutritie Animala SRL By Viand JSC 10.01.2018
Romania’s Competition Council is looking into a transaction whereby Bulgaria’s Viand JSC is taking over G-A Nutriţie Animala SRL. more
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Cinemax Invests EUR4M In Its First Cinemas In Romania; Plans To Reach 30 Screens In 2 Years 10.01.2018
Cinemax, the largest multiplex cinema chain in Slovakia, announced its entry on the Romanian market, by investing EUR4 million in opening its first... more
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Belgium’s WDP Invests EUR75M In Four New Properties In Romania, Reaches EUR450M Real Estate Portfolio 10.01.2018
Belgian logistics space developer Warehouses DePauw (WDP), present in Romania through the company WDP Development Ro, bought a surface area of... more
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PSD Government Broke Finance Ministry’s Piggy Bank: 25% Salary Raises In Public Sector In Jan-Aug 10.01.2018
Salary spending in the public sector rose 25% in January-August over the year-ago period, as shown by the general consolidated budget figures. The... more
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Window And Door Maker Casa Noastra Prepares RON100M Investment In Its Plant 10.01.2018
Craiova-based window manufacturer Casa Noastra of businessman Stefan Cherciu is preparing an about 100 million lei (EUR22 million) investment in... more
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Eurotransgaz Launches Tender For Ungheni-Chisinau Pipeline 09.28.2018
Eurotransgaz, the Moldovan subisidiary of Romania's natural gas transmission company Transgaz, will announce on Friday a tender to award the... more
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Transgaz Gets EUR46M EU Funds For Project In NE Romania 09.28.2018
Romania's natural gas transmission company Transgaz Medias has obtained financing worth EUR46 million in order to fund a project in North-East... 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.
