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Tag Archives: investment

Black Sea Oil & Gas announces USD 400m investment in Midia block, expects removal of all new taxes and fees

Black Sea Oil & Gas SRL (“BSOG”) together with its co-venture partners, Petro Ventures Resources SRL (“Petro Ventures”) and Gas Plus International B.V. (“Gas Plus”) are pleased to announce that they have approved the Final Investment Decision (“FID”), to proceed ...

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Shareholders of the Bucharest Stock Exchange OK local Central Counterparty, a EUR 16 million project

Shareholders of the Bucharest Stock Exchange (BVB) approved today, January 29th, during the Extraordinary General Meeting of Shareholders the establishment of a new company which will be authorized to act as the local Central Counterparty (CCP). The total investment needed to ...

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Construction works of Eli Park 1 kick off in a EUR 25 M investment

Element Industrial logistics&industrial real estate developer has announced it has received the building permit for ELI PARK 1 and has started the construction works. “Sagex Construct has won the general contractor tender and is building the first phase of the ...

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Romanian investors on the local real estate market in 2018: Record investments of nearly EUR 200 million

2018 ended with a significant premiere on the local real estate market: Romanian investors ranked second in the generated volumes top, by nationality. Almost EUR 200 million were paid to buy commercial properties (about a quarter of the total volume), ...

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Tax instability, the greatest challenge of 2019 – survey says

Tax instability is the greatest challenge in 2019, according to businessmen, reveals the 9th edition of the six-month barometer on the economy’s prospects – KeysFin Business Focus 2019. According to the barometer figures, the unpredictability of tax legislation will significantly ...

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WDP to develop new project for Carrefour worth EUR 40 M

Carrefour has once again opted for WDP as its real estate partner for two new WDP sites in Romania (namely in Deva and in Brazi), totalling a surface of around 80,000 sqm. Both development projects represent an investment volume of ...

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Germany-based Wielpütz Automotive gives up factory in Craiova

Wielpütz Automotive from Germany has dropped plans to build the EUR 10 million factory in Craiova, Romania, as it had announced early this year. The German group was supposed to hire 500 people and part of them had already been ...

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Belgian WDP extends its investment in Romania by EUR 45m project

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 ...

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Investment activity in Romania remains one of the lowest in the EU,annual EIB Investment Survey shows

Investment gaps are prevalent despite the strong – but mainly consumption driven – growth in recent years, reads the latest study on Investment and Investment Finance in Romania conducted by the EIB and presented in a press conference held by the ...

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Bittnet finances two investment projects by a new issue of bonds trading on BVB

Bittnet (BNET), the first IT company listed on the AeRO market of Bucharest Stock Exchange (BVB), launched its third corporate bonds issue BNET23 worth a total of RON 4.7 million, which began trading on the Alternative Trading System of BVB from ...

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