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omv petrom

Fondul Proprietatea sells 2.5 pct stake in OMV Petrom

News September 20, 2017 12:01 0 comments

Fondul Proprietatea sells 2.5 percent stake from OMV Petrom at current market prices of RON 425.57 million (EUR 92.32 million). The operation will be launched immediately. The offer will targets institutional investors and is brokered…more »

Ex-Tarom head: I got the suggestion Tarom should be sold to an Arab company

Airlines September 20, 2017 11:55 0 comments

Eugen Davidoiu, the former general director of Tarom, says that in the first weeks after his appointment there were some discussions with certain persons, among which a PM counselor, where it was “suggested” that Tarom…more »

M&A alert. Cypriot group Voici La Mode takes over the Marks & Spencer franchise for Romania

News September 20, 2017 11:50 0 comments

The Cypriot group Voici La Mode takes over the franchise for Romania of British retailer Marks & Spencer, including in its portfolio of three stores from Baneasa Shopping City, Plaza Romania and Bucuresti Malla. In…more »

Eurostat: Romania among the EU states with construction works gains in July

Constructions September 19, 2017 16:15 0 comments

The construction works increased by 3.6 percent in EU in July and by 3.4 percent in the Euro area, compared with the same period of 2016, according to the data published this Tuesday by the…more »

Spartan invests EUR 90,000 in restaurant opening at Bacau, reaches 33 units across Romania

News September 19, 2017 16:11 0 comments

Fast-food restaurants chain Spartan has opened this month a new unit at Bacau, following an investment of EUR 90,000, reaching 33 units within the national network. The new restaurant registered in the first weekend since…more »

Expanding IQOS: Philip Morris targets global markets with Romanian investment

News September 19, 2017 16:01 0 comments BR Exclusive

In July, Philip Morris Romania announced it was investing a record EUR 490 million in the conversion of the Otopeni factory, among the group’s top performing cigarette factories, into one fully dedicated to the manufacture…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 »

Romania on the seventh place in top countries with highest online virus risk in Q2, says report

Online September 19, 2017 14:34 0 comments

Romania is on the seventh place in among the countries with the highest online virus risk in the second quarter of the year (with 22.86 percent of users hacked), according to Kaspersky Lab. As nowadays…more »

Ryanair flights from/to Bucharest among cancelled trips by October 28

Airlines September 19, 2017 13:59 0 comments

Some flights operated by low-cost carrier Ryanair from and to Bucharest are among those cancelled by the company, as part of a wider reduction of trips by October 28. The Rome-Bucharest (round trip) flight from…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 »