News - Business Review

News

business guide

bpv Grigorescu launches business guide in Chinese

News May 02, 2012 11:52 0 comments

Romanian lawfirm bpv Grigorescu Stefanica law firm developed the business guide “Doing Business in Romania 2012” in Chinese, as a tool dedicated to the Chinese investors in Romania. The guide was developed with the support…more »

money.sxchu_1

EBRD lends EUR 16 million for water supply network upgrade works in Romania’s Mures county

News April 18, 2012 13:48 0 comments

EBRD is lending EUR 15.9 million to Compania Aquaserv S.A., the water utility company operating in Mures county in central Romania to finance the extension and modernization of water infrastructure. About 300,000 residents of Romania’s…more »

Richard Hunter_Fitch Ratings

Fitch praises Romania’s performance, calls for government caution pre-election

Finance April 17, 2012 08:31 0 comments

Romania has performed well against an environment of broader sovereign downgrades, causing its risk rating to be lifted to investment grade last July by Fitch ratings agency, according to Richard Hunter, managing director for EMEA…more »

gold-bars-636

President Basescu urges government to decide on controversial mining and shale gas projects

News April 11, 2012 16:18 0 comments

Romanian president Traian Basescu said yesterday during the appointment ceremony of Attila Korodi, the environment minister, that Romanian authorities should make a decision on mining works in Rosia Montana and Rosia Poieni and shale gas…more »

Rosia Poieni 1

Cupru Min privatization has failed

News April 09, 2012 12:45 0 comments

Negotiations between the Ministry of Economy and Roman Copper Corp. reached at end point last Friday as the Canadian company didn't accept clauses in the privatization contract on environment guarantees, payment terms and transparency. On…more »

Pascal Prigent_GSK

GSK to invest EUR 10 mln in Brasov plant expansion

News April 09, 2012 08:50 0 comments

Pharmaceuticals producer GlaxoSmithKline (GSK) said it will invest EUR 10 million to expand production capacity at its Brasov plant. The company invested EUR 7 million in the same location last year. Pascal Prigent, general director…more »

Omer Susli

Turkey keeps close economic ties with Romania

News April 09, 2012 08:39 0 comments

Business relationships between Turkey and Romania have remained resilient despite the tough economic climate and Turkish investors have more investment plans in store, mainly in agriculture and green energy, according to Omer Susli, president of…more »

barlad

URB Group to invest USD 18 mln in Barlad bearings plant through to 2015

News April 06, 2012 16:00 0 comments

Turkish URB Group, which owns the Rulmenti Barlad bearings plant, announced today it will invest USD 18 million in its Romanian factory in the next three years, although the domestic market is flooded with counterfeited…more »

internet

EBRD lends EUR 15 million to Digital Cable Systems to support development strategy

News April 03, 2012 14:55 0 comments

EBRD is lending EUR 15 million to Digital Cable Systems DCS to support the company’s development strategy focusing on the extension of cable TV services, including digital TV, and broadband internet in underserved regions. The…more »

Rosia Poieni 1

Cupru Min buyer promises jobs and environment investments in Rosia Poieni

News April 03, 2012 14:03 0 comments

Canadian Roman Copper Corp., a wholly-owned subsidiary of investment bank BayFront Capital Partners, which bought state-owned Cupru Min for EUR 200.7 million, last Thursday, promises increased copper mining production and jobs in Alba County. Roman…more »