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Ford starts 2018 with the biggest production ever recorded at the Craiova plant

Ford starts 2018 with the biggest production ever recorded at the Craiova plant

According to Automotive Manufacturers and Importers Association (APIA), 11,074 Ford EcoSports were manufactured at the Craiova plant in January, the best month ever recorded so far, exceeding the production of the Oltcit and Daewoo era, capital.ro informs, quoting mediafax.ro. More ...

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NEPI Rockcastle invests another EUR 35 M to upgrade Shopping City Sibiu

Shopping City Sibiu takeover by NEPI, approved by Competition Council

Shopping City Sibiu, owned by NEPI Rockcastle, has undergone a modernization and expansion process to reach an area of 90,000 square meters, following an investment of about EUR 35 million, local media informs. The mall will be expanded by approximately 10,000 ...

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Romanian startup UiPath gets USD 120 M financing to continue investments

Romanian startup UiPath gets USD 120 M financing to continue investments

Romanian IT startup UiPath, which builds ‘software robots’ for enterprises to help automate duties and back-office functions, would have obtained a financing of USD 120 million and would be now evaluated of over USD 1 billion. UiPath was founded in ...

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Romanian woman, appointed in the management of the OECD’s NEA

Romanian woman, appointed in the management of the OECD’s NEA

Daniela Lulache, former CEO Nuclearelectrica, was appointed Head of policy and coordination of Nuclear Energy Agency (NEA), a specialised agency within the Organisation for Economic Co-operation and Development (OECD), news.ro informs. She said she barely took up her job following ...

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Austria’s Rosendahl invests EUR 3.5 M in Satu Mare

Austria’s Rosendahl invests EUR 3.5 M in Satu Mare

Austria-based Rosendahl, part of Knill Gruppe, builds a new production unit in Satu Mare, following an investment of EUR 3.5 million, local media informs. The investment will bring with it 75 new jobs. The new hall will cover 2,600 sqm ...

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OTP Bank Romania’s net profit increased by over 80 pc last year

Hungarian OTP Bank returned to profit on the domestic market in 2014. Lending stagnated

OTP Bank’s net profit in Romania increased by 83 percent in 2017 compared to the previous year, to HUF 3.04 billion (EUR 9.8 million), due to lowering provisions and improving operating results. The bank returned to profit in the third ...

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Industrial production prices, up by almost 4 pc this January yoy; good results at EU level

Industrial production prices, up by almost 4 pc this January yoy; good results at EU level

In January 2018, industrial production prices for the total (domestic market and non‐domestic market) were up 1.1 percent from December 2017, National Institute of Statistics (INS) reveals. At the same time, in a year-on-year comparison, industrial production prices for the ...

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Romanians sold 4.5 pc more houses, lands and apartments in February

Romanians sold 4.5 pc more houses, lands and apartments in February

Romanians sold over 30,000 houses, lands and apartments in February this year, up by 4.5 percent transactions than in the same period last year, according to the National Agency for Cadastre and Real Estate Advertising (ANCPI) data, capital.ro informs. Last ...

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Soon, no more shares to the bearer – draft bill

Soon, no more shares to the bearer – draft bill

The companies will no longer be allowed to issue shares to the bearer, whereas the companies with such shares will have to turn them into nominative shares in one year and a half, at the most. Such issues are included ...

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