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Romania’s government might seek IMF advice for sovereign fund

Finance March 09, 2017 13:55 0 comments

The government will work with experts of the International Monetary Fund (IMF) on designing Romania's first Sovereign Fund for Development and Investment (FDSI), according to the minister of economy, Mihai Tudose. Tudose met with an…more »

Alesonor to invest EUR 12 mln in expansion of Amber Gardens and two new projects in Bucharest

News March 08, 2017 15:17 0 comments

Alesonor, the developer of the green residential project Amber Gardens, will invest EUR 12 million this year to add 21 houses in the complex and to develop two new energy efficient residential projects, targetting the…more »

PM Grindeanu says he will “get involved” in fixing massive delays on infrastructure development

Constructions March 07, 2017 11:07 0 comments

Romanian PM Sorin Grindeanu says that the recovery of massive delays on road infrastructure projects development is one of his priorities, although he failed to mention how he will actually work to fix these issues.…more »

Cutia cu poze, photo events inovation and a growing business

News March 06, 2017 13:15 0 comments Partner Content

It is a business born out of passion, commitment and ambition. It all started with a camera and a mediocre printer in a club in Old Center 3 years ago, Catalin managed to develop in…more »

Mitsubishi Motors ponders investment in Romanian plant

Auto March 03, 2017 15:07 0 comments

Japanese car maker Mitsubishi Motors is exploring the option of making a green-field investment of around EUR 200 million in an engine plant in Romania, according to government sources quoted by ProTV. The representatives of…more »

How will Romania’s EUR 10 bln planned sovereign wealth fund actually work?

News February 17, 2017 10:26 0 comments

As the center-left government led by Sorin Grindeanu has initiated the legal procedures for the creation of Romania's first sovereign fund, the head the Social Democratic Party, Liviu Dragnea, suggested that the country might copy…more »

Romania Oil & Gas Summit

Black Sea Oil and Gas could start offshore gas production in Romania in 2019

News February 16, 2017 15:50 0 comments

Black Sea Oil & Gas (BSOG), owned by Carlyle International Energy Partners, could start the gas production from one of its concessions in the Black Sea in 2019, but this target depends on the approval…more »

FDI to Romania climbs to 8-year high of EUR 4 bln in 2016

Country Investment Reviews February 13, 2017 14:43 0 comments

The amount of foreign direct investments in Romania reached close to EUR 4.1 billion in 2016, which was an increase of 18 percent year-on-year, according to data by the National Bank of Romania (BNR). Last…more »

Romanian authorities to start land expropriations for Subway 6 to Otopeni

News February 01, 2017 11:37 0 comments

The Subway Line 6, section 1 Mai-Otopeni, is a priority for the current government and the land required for the development will be expropriated after the adoption of a Government decision, says the Transports Ministry.…more »

andrew prelea

Vast Resources secures USD 8 mln in fresh funding – to focus investments on Romaia

News January 31, 2017 16:16 0 comments

The British mining company Vast Resources has attracted USD 8 million in fresh funds, most of which will be directed to the mines it owns and manages in Romania. The company listed at the London…more »