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Court ruling: Carpatica Asigurari enters bankruptcy

Business March 25, 2017 08:00 0 comments

Carpatica Asigurari will enter bankruptcy after a Romanian court ruling. The guarantee fund will start processing the over 16,300 compensations requests. Each creditor can request a compensation of up to RON 450,000, the fund announced.…more »

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BR’s most read articles this week | March 20 – 24

News March 24, 2017 17:23 0 comments

Business Review will present each week the articles that got most views online. Here are the pieces that got most traction this week. Expat opinion: Five big reasons why Bucharest life is best Two Romanians…more »

George Didoiu, Colliers International

Over 350,000 sqm office spaces to be delivered in Bucharest and other Romanian cities this year

Offices March 24, 2017 15:59 0 comments

Over 350,000 sqm office spaces will be delivered in Bucharest and other Romanian cities this year, as the office market registered in 2016 the highest delivery rate since the last 7 years, according to the…more »

Mihai Dinu

Colosseum Retail Park signs new tenants

Commercial March 24, 2017 15:54 0 comments

Colosseum Retail Park has signed contracts with new tenants on the back of the growth of the business. In the last two years, Colosseum Retail Park registered an increase of 19 percent in the sales…more »

andrew prelea

Vast Resources buys remaining stake in Manaila mine

Business March 24, 2017 14:16 0 comments

Vast Resources has bought the remaining 49.9 percent of the shares from the mine in Manaila, Suceava county, becoming the sole owner of Sinarom Mining Group SRL. After the transaction completion, the further sum invested…more »

money.sxchu_1

Romania to borrow EUR 60 mln from IBRD for legal services improvement

Finance March 24, 2017 14:15 0 comments

The Romanian state will borrow EUR 60 million from the International Bank for Reconstruction and Development (IBRD), as part of an improvement program implemented at the level of the Justice Ministry, the National Office of…more »

"metro train"

Bucharest Mayor Office wants to take over Metrorex

News March 24, 2017 14:08 0 comments

The Bucharest Mayor Office wants to take over Metrorex, the Romanian subway infrastructure company, which is currently in the portfolio of the Ministry of Transport, according to a draft from the meeting of the General…more »

ARCTIC_new production line

Arcelik to hire 4,000 at its new factory in Ulmi, Dambovita county

Business March 24, 2017 13:07 0 comments

Turkish group Arcelik will hire 4,000 people at its new factory in Ulmi, Dambovita county. The group will invest around EUR 200 million in the factory, which will make wash machines, dish washing machines and…more »

Marius Catalin Marinescu  Foto Marius  Dumbraveanu

ANCOM president Catalin Marinescu steps down

Business March 24, 2017 12:28 0 comments

National Authority for Administration and Regulation in Communications (ANCOM) head Catalin Marinescu stepped down in order to take on a position in the same field with an international institution, representatives of the institution announced. Catalin…more »

epilepsy romania

Infographic: Purple Day – raising awareness about epilepsy in Romania

News March 24, 2017 12:25 0 comments

Bucharest will mark on Sunday, March 26, Purple day, a supporting event for people suffering from epilepsy. According to public statistics, around 1 percent of Romanians have epilepsy and a large share of them are…more »