September 21, 2018

Cismigiu Hotel, Bucharest, reopened after 17 years

On Wednesday in Bucharest the Cismigiu Hotel was reopened after 17 years during which the building was left unused and several other years in which it was renovated, the investment totaling approximately … [Read more...]

BT Leasing gets EUR 10 M from EBRD to support new leasing to SMEs

According to a press release, the European Bank for Reconstruction and Development (EBRD) is continuing to secure financing for private businesses in Romania with a EUR 10 million loan to BT Leasing Transilvania … [Read more...]

PSA Peugeot Citroen transfers Romanian imports to Trust Motors

After being seriously hit by crisis in Europe, French group PSA Peugeot Citroen formally announced that its reorganization implies stopping the operations of its Romanian representative office, according … [Read more...]

The Hobbit in the Romanian box office

“The Hobbit: The Unexpected Journey” topped the Romanian box office over the weekend, right from its premiere, with ticket sales matching RON 1,876,803 and 88,636viewers, according to a Mediafax report, … [Read more...]

Leu hits highest exchange rate against euro

The reference rate announced by the National Bank of Romania (NBR) on Monday fell to 4.4675 lei / euro. So the official rate of leu reached the lowest level for the last three months and two weeks leu … [Read more...]

Number of finished houses dropped to 26,650 units first 9 months

According to data published by national Institute of Statistics on Monday, the number of finished houses dropped by 2,430 units in the first 9 months compared to the same period of 2011, the evolution … [Read more...]

Romania is EU leader for the hourly cost for the work force in the non-business sector – Eurostat

Data published on Monday by Eurostat reads that the hourly cost of work force in the non-business sector in Romania recorded the highest increase among the member states of the EU, in the third quarter … [Read more...]

The 2013 budget to be discussed by the end of the week

The government scheduled for Tuesday the last meeting, where to approve several normative documents with an administrative character, so that the following cabinet gathers in its first meeting at the end … [Read more...]

OMV Petrom starts shallow water exploration

According to OMV Petrom, the company started the first 3D seismic campaign in the shallow water sector of Neptun block, conducted on an area of 1,600 square kilometers. The 3D seismic works will be performed … [Read more...]

M&A sector in Romania returns to growth in 2012

The year 2012 has seen notable M&A developments in energy, agribusiness, logistics and transport and retail, and deal-making has amounted to around EUR 1 billion. The market bounced back this year … [Read more...]

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