EDP Renovaveis Builds Second Battery-Based Energy Storage Facility In Romania
10.11.2019
Energias de Portugal Renovaveis (EDPR), the third largest renewable energy investor in Romania and the leading wind power investor in Romania, is building in Romania the second battery-based energy storage facility, which will have a capacity of 1MW, the same as the first storage installation, said EDPR CEO Joao Manso Neto.
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Imobiliarium: 60% Of Realty Developers See Home Prices Growing In 2020, Only 10% Expect Price Declines 10.11.2019
Six in ten real estate developers expect home prices to increase in 2020 and only 10% of them see home prices falling, as per a survey conducted... more
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Rompetrol Opens New Fuel Station Under Rompetrol Partner Franchise In EUR1M Investment 10.11.2019
Rompetrol Downstream, the retail division of KMG International Group in Romania, has recently opened a new fuel station under the Rompetrol Partner... more
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Mircea Cosea Named Chairman Of Transelectrica Supervisory Board 10.11.2019
Mircea Cosea, aged 77, a professor at the Bucharest University of Economic Studies (ASE), has been elected Chairman of the Supervisory Board of... more
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Daw Benta Opens Second Distribution Center In Republic Of Moldova 10.11.2019
Paint, coatings and other construction supplies manufacturer Daw Benţa, held by entrepreneur Remus Aurel Benta, opened a distribution center in... more
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Romania Annual Inflation Slows To 3.5% In September 2019 10.11.2019
Romania's annual inflation rate slowed to 3.5% in September 2019, lower by 0.4 percentage points compared with 3.9% in August 2019, data from the... more
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Brasov Invests RON64.5M In Business Center, Technology Transfer And Business Incubator 10.10.2019
Brasov City Hall has completed an investment of approximately RON64.5 million (EUR13.6 million) in a business center, technology transfer and... more
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Romania's Government Collapses in No-Confidence Vote 10.10.2019
Romania's social-democrat government has been toppled in a no-confidence vote Thursday, as 238 lawmakers voted to dismiss Viorica Dancila's Cabinet. more
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C&W Echinox Appoints Andrei Ianculescu as Head of Project Management 10.10.2019
Real estate consultancy company Cushman & Wakefield Echinox has recruited Andrei Ianculescu as head of its project management team, contributing to... more
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New Car Registrations in Romania Grow 16.37% in Jan-Sept 10.10.2019
New car registrations in Romania grew 16.37% on the year in January-September, to 124,049 units, data from the association of automotive... more
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Bucharest Ranks Third in Europe By Housing Rent Yields 10.10.2019
Bucharest ranks third in Europe after Brussels and Sofia by rent yields, according to a study by Imoteca The Residential Experts, which analyzed... more
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Romania's Real GDP Grew 7.1% YoY in 2017 10.10.2019
Romania's gross domestic product grew 7.1% in real terms in 2017 compared with 2016, final data from the country's statistics board showed Thursday. more
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New Central Bank Board Takes Over Friday 10.10.2019
Romania' central bank gets a new board starting Friday, for a period of five years, whose goal will be euro adoption. more
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Romania GDP Grows 4.4% in 2Q/2019 10.10.2019
Romania's gross domestic product grew an annual 4.4% in the second quarter of 2019, a second reading by the country's statistics board showed... more
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Romania's Trade Deficit Widens to EUR10.85B in Jan-Aug 10.10.2019
Romania's trade balance posted a deficit of EUR10.85 billion in the first eight months of 2019, EUR1.867 billion higher compared with the same... more
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World Bank Raises Romania's GDP Growth Forecast to 4.2% in 2019 10.09.2019
The World Bank has raised its economic growth projection for Romania to 4.2% in 2019, from its April forecast of 3.6%, and to 3.6% for 2020, from a... more
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Leonardo Badea Resigns as President of Financial Watchdog for Central Bank Job 10.09.2019
Leonardo Badea has resigned from his position of president of the financial supervision authority ASF, effective October 11, 2019, to take on a new... more
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OMV Petrom's Hydrocarbon Output Drops 6.25% in 3Q/2019 10.09.2019
OMV Petrom (SNP.RO), the largest Romanian oil and gas company, said Wednesday in a report its total hydrocarbon production stood at 150,000 boe/day... more
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VGP Gets EUR34M Loan from Raiffeisen to Fund Industrial Project in Timis County 10.09.2019
VGP Park Timisoara, owned by Belgian industrial property developer VGP, has contracted a EUR34 million loan from Raiffeisen Bank International AG... more
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Dabo Doner Plans To Open 10 Restaurants In Bucharest In 2020 10.09.2019
The Dabo Doner chain, a franchise held by businessman Dan Pastiu, has opened its second restaurant in capital Bucharest, reaching a total 45 units... more
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NEPI Rockcastle To Open Promenada Sibiu Shopping Mall In EUR100M Investment 10.09.2019
NEPI Rockcastle, the largest investor, developer and operator of commercial properties in Central and Eastern Europe, will be opening a new... 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.
