President Iohannis acknowledges Romania’s problems, promises American investors further efforts to remedy

Nine O' ClockSeptember 25, 2015

by Nine O' ClockSeptember 25, 20150162

President Klaus Iohannis acknowledged in a meeting with American investors on Thursday that Romania has some issues with transparency and with fiscal and legislative predictability;...

ECONOMY INVESTMENTS

DTZ Echinox: Demand for industrial and logistical spaces up 40 pc in H1

Nine O' ClockSeptember 16, 2015

by Nine O' ClockSeptember 16, 20150198

* Ploiesti registers biggest share of demand – 35 pc * Bucharest, Cluj and Timisoara attractive for speculative projects * Modern stock of logistical and...

ECONOMY ENERGY INVESTMENTS

A performance for Romanian hydropower:The longest headrace tunnel

Nine O' ClockSeptember 10, 2015

by Nine O' ClockSeptember 10, 20150293

• The tunnel is 16.6 km long and has a diameter of 4 meters * Hidroelectrica’s investment stands at EUR 150 M The inauguration of...

COMPANIES ECONOMY INVESTMENTS

Romanian Post: extensive investment plan

Nine O' ClockAugust 26, 2015August 26, 2015

by Nine O' ClockAugust 26, 2015August 26, 20150168

Romanian Post officials have reacted after the press published information about the state-owned company’s disastrous financial situation, stating that the net profit forecast included in...

ECONOMY INVESTMENTS

Ponta on Fitch’s latest country assessment: A significant message to investors

Nine O' ClockAugust 23, 2015

by Nine O' ClockAugust 23, 20150164

Prime Minister Victor Ponta says that the Fitch agency affirms the stable, positive outlook of Romania, showing that the agency’s assessment is an important message...

ECONOMY INVESTMENTS

EC approves 222-million-euro Danube transnational cooperation programme

Nine O' ClockAugust 22, 2015

by Nine O' ClockAugust 22, 20150178

Entrepreneurs from nine member states of the European Union, Romania included, as well as from three extra-EU countries may apply starting this autumn for funding...

ECONOMY INVESTMENTS

Romania’s H1 foreign direct investments at 1.66 bln euro, up 40pct y-o-y

Nine O' ClockAugust 13, 2015

by Nine O' ClockAugust 13, 20150206

Direct foreign investments in Romania stood at almost 1.66 billion euro in the first six months of this year, by almost 40 per cent over...

ECONOMY INVESTMENTS

Foreign capital in Romania – over EUR 41.4 bln

Nine O' ClockAugust 2, 2015

by Nine O' ClockAugust 2, 20150312

According to the statistics published by the National Trade Registry Office (ONRC), since 1990 the value of foreign capital invested in Romanian commercial companies totals...

BUSINESS COMPANIES INVESTMENTS

AFI Europe develops building project on 39 mln euros from Bank Leumi

Nine O' ClockJuly 21, 2015July 26, 2015

by Nine O' ClockJuly 21, 2015July 26, 20150170

AFI Europe has signed a financing agreement of 39 million euros with Bank Leumi Romania to finalize the construction of office buildings AFI Park 4&5,...

COMPANIES ECONOMY ENERGY INVESTMENTS

OMV Petrom invests EUR 42 M in developing mature oil deposit

Nine O' ClockJuly 19, 2015July 19, 2015

by Nine O' ClockJuly 19, 2015July 19, 20150263

The redevelopment of the Independenta deposit unlocks supplementary oil reserves * The Independenta deposit currently covers 7 per cent of OMV Petrom’s oil production ...