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EU, EIB, EBRD and World Bank to finance permanent interconnection between electrical networks of Moldova and Romania

News December 20, 2017 15:18 0 comments

In a joint effort to strengthen the Republic of Moldova’s energy security, the EU, the European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD) and the World Bank are providing a EUR…more »

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Oradea receives EUR 21 mln from EIB to upgrade urban infrastructure

News December 20, 2017 14:05 0 comments

The European Investment Bank (EIB) has announced that it is lending EUR 21 million to the Municipality of Oradea to finance improvements to its urban infrastructure. EIB funds will also support investments targeting Climate Action…more »

Mulberry Development to invest in biggest parking close to historic area of Timisoara

News December 19, 2017 16:12 0 comments

Mulberry Development, the real estate developer controlled by Ovidiu Sandor, will build a new parking lot with over 700 places spanning nine floors. It will be located in the vicinity of the mixed-use ISHO project…more »

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Corina Cretu: Over 60 pct of public investments in Romania made through EU funds

News December 19, 2017 11:24 0 comments

European Commissioner Corina Cretu stated, during the Structural Funds Gala on Monday, that over 60 percent of Romania’s public investments are made using European funds, according to Agerpres. Corina Cretu said: “It is our duty…more »

Buy local – live local, a concept made in Sibiu

News December 18, 2017 14:15 0 comments BR Exclusive

There is no secret that Sibiu has managed to attract more and more creative entrepreneurs with creative businesses in the past few years. It’s quite normal I might say due to the fact that the…more »

Romania’s government approves new PPP law – which are the changes

Legal December 15, 2017 10:00 0 comments

The government passed an emergency ordinance that updates Romania’s legislation on Public-Private Partnerships in a bid to spur strategic investments. The Ministry for Business Environment, Trade and Entrepreneurship, which backed the changes to the PPP…more »

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Romania only spent 1.1 pct of European funds for 2014-2020; only two other EU states had lower absorption

News December 11, 2017 11:48 0 comments

Romania spent 1.1 percent (EUR 400.4 million) of the European funds available to the country in the 2014-2020 programme for structural and investment funds. During the same period, states like Bulgaria or Poland have had…more »

European Commission recommends Brexit shift to phase two

News December 08, 2017 09:26 0 comments

The European Commission, the executive arm of the European Union, says that enough progress has been made in the first round of negotiations for the Article 50 between the UK and the EU, meaning that…more »

eMAG to make its biggest investment of RON 300 mln in new warehouse on international push

Industrial November 29, 2017 16:56 0 comments

E-commerce player eMAG, controlled by Naspers, will invest RON 300 million in a new warehouse located near Bucharest. The new storage facility will cover 120,000 square meters and will boost the company’s logistical capacity and…more »

Ikea puts EUR 86 million in Bucharest-based store, plans new investments across Romania

News November 28, 2017 17:40 0 comments

Swedish furniture retailer Ikea has started the construction of the second store in Romania, which will be finished in the second half of 2018 following an investment of around EUR 86 million, which includes the…more »