BUSINESS

E-INFRA (Electrogrup Infrastructure S.A.) has announced today that Daniel Farmache, the current group Deputy CEO,  will take over the position of CEO of the holding, starting January 1, 2019. Marian Pantazescu, current CEO and one of E-INFRA’s shareholders, will continue ...

 The construction of Colosseum Mall has begun as part of the expansion plan of Colosseum Centre. Located in district 1 of Bucharest and open since 2011, Colosseum is expanding following the last years of increased business and improved market conditions. ...

Belgium-based WDP has signed an agreement for the development and lease of 77,000 m²of logistics warehouse space at its existing site in Bucharest for retailer Auchan. The investment budget amounts to about EUR 45 million. This new development emphasizes WDP’s ...

The GDP in 2018 is double against the one in 1989, National Bank Vice-Governor Liviu Voinea said on Tuesday, during the debate ‘A century of sincerity. Recovering the lost memory of Romanian economy: 1918-2018’. He mentioned that it is about ...

German car manufacturer Volkswagen is ready to invest in a plant expected to employ some 5,000 people, and has had on the short list Romania, Bulgaria and Turkey. Sources quoted by Bloomberght.com and taken over by adevarul.ro say the plant ...

Cristophe Dridi, the executive manager of Vehicule Dacia plant in Mioveni since 2016, has been appointed the new general manager of Automobile Dacia as of January 2019. Dridi takes over this position from Jerôme Olive, Alliance Regional SVP Manufacturing Process ...

One of the world’s leading auto parts manufacturers announced on Monday that it has decided to open a factory with an investment of EUR 50 million, on the occasion of handing out state aid agreements. The manufacturer supplies companies such ...

Hiring perspectives for the January – March 2019 interval are positive in all regions and most industry sectors, but the hiring pace is expected to slow slightly. Approximately 1 in 5 (19%) of Romanian employers anticipate adding to their payrolls ...

The number of new passenger cars registered in Romania in the first 11 months of the year has reached 121,634 units, up by almost 24% against the same period in 2017, the Directorate for Driving Licenses and Vehicle Registration (DRPCIV) ...

Sonae Sierra purchased the 50% participation of its former Joint Venture partner, in a move to consolidate its presence in Romania. Previously owned in a 50/50 JV between Sonae Sierra and Caelum Developments, ParkLake is now fully owned by Sonae ...