September 19, 2018

German group Continental opens R&D centre in Romania

German group Continental opened a 20 million Euro research and development centre in Timisoara, writes The project started in July last year. “This event represents the proof of the Continental … [Read more...]

Euroweb Romania will invest EUR 12 million next year

Euroweb Romania announced it has plans to invest up to EUR 12 million next year in infrastructure development and products and services portfolio streamlining. The company is part of telecommunications … [Read more...]

EBRD lends CFR EUR 175 mln

The EBRD is lending EUR 175 million to Romania’s Compania Națională de Căi Ferate (CFR) to enable the company to restructure its balance sheet by repaying its short-term liabilities. According to … [Read more...]

Romanian eco building makes it to Natural Homes top 10 in the world

A Romanian eco building was included in the Natural Homes top. The house was built starting from an idea of architect Ileana Mavrodin, a member in the “Green House” project. The house is located … [Read more...]

There is no guarantee we’ll find a solution to EU budget in January – Austria Chancellor

Visiting Austrian Chancellor Werner Faymann said during talks with Romanian President Traian Basescu at the presidential Cotroceni Palace that there is no guarantee to finding a solution to the European … [Read more...]

US Ambassador optimistic about Romania’s future

U.S. Ambassador in Bucharest Mark Gitenstein declared he was optimistic about Romania's future and the relationship of the two nations. At the award-conferring ceremony held at the Cotroceni Presidential … [Read more...]

Romania could liberalize the car market in a few months – Bogdan Chiritoiu

Bogdan Chiritoiu, the head of the Competition Council said Wednesday during a symposium that the car market in Romania could be completely liberalized, in a few months, following the Parliament’s approval … [Read more...]

ONT Carpati to file for bankruptcy

Shareholders of the hotel firm ONT Carpati (ONZV), that owns 35% of the shares of the company that manages the five star hotel JW Marriott from Bucharest, have approved the bankruptcy. ONT Carpati ows … [Read more...]

Petrom invests EUR 26 M in Dolj Co. fuel depot

OMV Petrom (SNP) has opened a fuel storage facility at Isalnita, Dolj County, after a nearly 26 M euro investment. “The project is part of a major investment program including the construction of three … [Read more...]

Raiffeisen Bank Romania registered 20 % higher profit in Q3

Austrian group Raiffeisen Bank International (RBI) informed yesterday that Raiffeisen Bank Romania net profit was up by 20.4 % in the first nine months due to cost cuts and increase of operating revenue, … [Read more...]

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