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BUSINESS

Turnover of retail trade, up by 8.2pc in 5 months

comert

The turnover of retail trade (excluding the trade with motor vehicles and motorcycles), as gross series, registered an increase of 7.9% in the first five months of the current year as compared to the similar period of 2016 and, as ...

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Romanian fashion brand Nissa enters Polish market

Nissa

Nissa, one of the most well-known Romanian fashion brands, is entering this summer the Polish market by opening its debut 86-sqm store in Warsaw’s Arkadia shopping centre, a press release informs. Colliers International represented the tenant in the lease negotiations ...

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CEZ ended 2016 with losses of almost RON 230 M in Romania

CEZ

CEZ Group, the biggest Czech electricity producer, recorded last year losses of RON 229 million on Romanian market, after a negative result of RON 410 million in 2015, although it has increased its operational gains, the company’s officials announced. “The ...

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Romanian Softronic’s electric locomotives reach Sweden

photo source: railwaygazette.com

Local rail manufacturer Softronic will deliver two TransMontana locomotives to Green Cargo freight operator in Sweden, railcolornews.com informs. The electric units are to be delivered during the summer of 2018. Green Cargo states that it will be able to offer ...

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AmCham: Romania – U.S. bilateral relations set a favourable context for increased economic collaboration

AmCham

On the occasion of the U.S. Independence Day Celebration, the American Chamber of Commerce in Romania (AmCham Romania) acknowledges the commitment reiterated at the highest level by the two countries for continuing their collaboration in the areas of defense and ...

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Competition Council authorizes, on conditions, the takeover of Covalact and Lactate Harghita by Lactalis

covalact

The Competition Council has authorized, on conditions, the transaction through which the Lactalis group takes over Covalact SA and Lactate Harghita SA, the competition authority says in a statement released on Tuesday. “Following the analysis, the Competition Council has found ...

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Major deal in Romanian industry: Dutch Damen, ready to buy Daewoo Mangalia shipyard

mangalia shipyard

Daewoo Shipbuilding & Marine Engineering is very close to sell off its subsidiary Mangalia Shipyard in Romania to Dutch Damen shipbuilder,  HotNews.ro informs, quoting Korea Economic Daily. Damen is Netherlands’ largest shipbuilding company and the owner of the shipyard in ...

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Greece’s National Bank, ever closer to Banca Romaneasca selling

Banca Romaneasca

Greece’s second-largest lender National Bank (NBG) will sell more assets in the Balkans, including its Romanian operations. “We are very close to announcing the buyer for Banca Romaneasca,” CEO NBG Leonidas Fragiadakis told Reuters in an interview. “The sale will ...

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AFI Tech Park in Bucharest got LEED Platinum pre-certification

AFI Tech Park

AFI Tech Park, the newest office project developed by AFI Romania, achieved LEED (Leadership in Energy & Environmental Design) Platinum pre-certification, the most prestigious recognition awarded by the United States Green Building Council in the area of sustainable buildings, a ...

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