author - Business Review

Horatiu Florescu (Knight Frank): I’m working on a couple of big transactions around Expozitiei

Offices September 22, 2017 12:40 0 comments BR Exclusive

The Expozitiei area in Bucharest will register a surge of developments in the office segment, according to Horatiu Florescu, the chairman & CEO of Knight Frank Romania, the real estate consultancy. Florescu told BR that…more »

Exclusive. Piraeus Banks plans exit from The Landmark office project in central Bucharest

Offices September 22, 2017 12:20 0 comments BR Exclusive

Piraeus Bank, the main shareholder of The Landmark office complex in central Bucharest, will look to sell the project once it is fully leased. “Currently, the occupancy rate is 65 percent of the project and…more »

Synevo Romania invests EUR 1 mln in digital histopathology department

Healthcare September 21, 2017 12:16 0 comments

Synevo Romania, the supplier of laboratory diagnostics services part of Medicover, has invested EUR 1 million in a digital histopathology department, which is the first of its kind in Southeastern Europe. The department is located…more »

VIDEO. President Iohannis at the UN: Romania aims to hold a non-permanent seat at the Security Council for 2020-2021 mandate

News September 21, 2017 11:14 0 comments

Romanian president Klaus Iohannis underlined during the United Nations General Assembly taking place this week in New York that the country wants to hold a role in the Security Council in the next years. “Our…more »

Fribourg Digital makes EUR 80,000 seed investment in Baro.io start-up

Finance September 20, 2017 12:37 0 comments

Friboug Digital, part of investment fund Fribourg Capital, has announced its first investment in digital marketing start-up Baro.io. The fund has provided EUR 80,000 in seed capital for the start-up, specialized in the automation of…more »

Coalition for Romania's Development

Romania’s government to “force” companies to hike gross wage

Legal September 19, 2017 15:25 0 comments

The minister of finance, Ionut Misa, has announced that the government is working on a bill that will make it mandatory for employers to increase the gross wage as authorities want to move the payment…more »

hidroelectrica

Hidroelectrica invests EUR 23.69 mln in upgrade of Calimanesti plant

Power September 19, 2017 13:22 0 comments

Hidroelectrica, the state-owned hydroelectricity producer, will upgrade one hydroaggregat at its Calimanesti plan following an investment of RON 23.69 million. The supplier of the equipment is UCM Resita. The upgrade works will last 12 months.…more »

PM Tudose attacks Enel over storm intervention: “Terrible”

Power September 18, 2017 17:23 0 comments

Romania’s PM Mihai Tudose has criticized the local subsidiary of Italian utility Enel, suggesting that the firm not reconnecting consumers to the grid fast enough, following the storm that hit several counties in western Romania…more »

OMV Petrom to invest EUR 70 mln in Black Sea drilling campaign

Oil & Gas September 18, 2017 14:47 0 comments

Austrian oil major OMV Petrom has kicked of a new drilling campaign in the Black Sea, which will require investments of EUR 70 million by mid-2018. Three new drills will target deposits that were already…more »

Ovidiu Sandor’s ISHO project secures first tenant

Offices September 18, 2017 12:23 0 comments

Mulberry Development, the real estate developer controlled by Ovidiu Sandor, has inked the first leasing deal for the first phase of ISHO Offices, the mixed-use project built in Timisoara. Survey Sampling International (SSI) will be…more »

IAA Romania

IAA School marks 10 years of presence in Romania

Media & Marketing September 17, 2017 10:39 0 comments

Ten years ago some people in the Romanian marketing and communication industry felt the need to launch a school for juniors and mid-seniors in the industry that will complete their studies and experience with practice,…more »

Petrotel-Lukoil

Lukoil Romania, investigated in tax evasion case

Legal September 15, 2017 16:50 0 comments

The Directorate for Investigating Organized Crime and Terrorism (DIICOT) is investigating the Romanian subsidiary of Russian oil major Lukoil in a case involving allegations of setting up of a criminal group, tax evasion and complicity…more »

Banca Transilvania confirms negotiations for Bancpost takeover

Banking September 15, 2017 13:04 0 comments

Banca Transilvania has announced that negotiations for the takeover of Bancpost continue, according to a statement submitted to the Bucharest Stock Exchange (BVB). “Further details regarding the transaction will be communicated after finalizing the necessary…more »

Dutch, Germans and Austrians oppose fast Schengen accession for Romania and Bulgaria

Legal September 15, 2017 12:27 0 comments

The German minister of foreign affairs Thomas de Maiziere and the Dutch PM Mark Rutte oppose any fast admission of Romania and Bulgaria in the Schengen space, following a similar statement from the Austrian chancellor…more »

Mulberry Development designs bridge and pedestrian walkway for ISHO in Timisoara

Offices September 15, 2017 11:51 0 comments

Mulberry Development, the developer of the ISHO mixed-used project in Timisoara, has designed a bridge and a pedestrian walkway in Timisoara, in the area where it will build a residential project and an office building.…more »

Analysis. Smart city business case: the Alba Iulia experience

News September 14, 2017 15:24 0 comments BR Exclusive

The concept of urban digitalization is gaining ground in Romania, with the first figures on the economic benefits emerging from the first city spearheading this effort. A new report published by German engineering group Siemens…more »

Portland Trust to invest EUR 50 mln in third building at Oregon Park, to start new office project in Romexpo area

Offices September 14, 2017 14:45 0 comments

Real estate developer Portland Trust and the American investment fund Ares Management will invest EUR 50 million in the development of the third building at Oregon Park, the office project located in northern Bucharest. The…more »

Regina Maria to open Cluj hospital in early 2018

News September 14, 2017 08:59 0 comments

Private healthcare services provider Regina Maria plans to start operations on its first hospital outside Bucharest in the first quarter of 2018. Located in the center of Cluj-Napoca, the hospital is being developed by Horia…more »

Interview. Phil Heasley (ACI Worldwide): We plant to hire another 50 people in Timisoara by end-2017

News September 13, 2017 14:57 0 comments BR Exclusive

Phil Heasley, president and CEO of ACI Worldwide, the provider of real-time electronic payment and banking solutions, talks about the firm’s expansion plans following the relocation of its Timisoara operations into United Business Center 2,…more »

Mihai Fifor to move from economy to defense ministry

Who’s News September 12, 2017 12:44 0 comments

Economy minister Mihai Fifor will replace Adrian Tutuianu as the minister of defense, according to a decision taken by the ruling coalition PSD-ALDE. Tutuianu resigned last week after the Ministry of Defense claimed that there…more »