March 19, 2010 11:27

Enterprise Investors` Venture Fund takes over Smartree Romania

Enterprise Investors` Venture Fund takes over Smartree Romania

Enterprise Venture Fund I (EVF), the venture capital fund managed by Enterprise Investors (EI), inked its first investment in Romania.

March 19, 2010 11:03

ING Insurance Central Europe moves to Cluj – Napoca offices

ING Insurance Central Europe moves to Cluj – Napoca offices

ING Insurance Central Europe has leased 4,000 sqm in Amera Tower office building in Cluj – Napoca, DTZ Echinox, which intermediated the lease, has announced. The new tenant will move into the new office in July this year.

March 19, 2010 11:00

The Ministry of Communications approves 17 e-health projects

The Ministry of Communications approves 17 e-health projects

The Ministry of Communication has approved for financing 17 e-health projects at a local level. These were selected from a total of 37 projects submitted in the company 3.2.4.- "The support of implementing e-health solutions and ensuring broadband connection, where it is necessary."

March 19, 2010 10:58

Romanian economy reaches the last stage of the current downturn, says Kollatz-Ahnen

Romanian economy reaches the last stage of the current downturn, says Kollatz-Ahnen

Romania’s economy has already reached its minimum point and now it is passing through the last stage of the current crisis, which implies “huge” difficulties concerning the public budget, thinks the vice-president of European Investment Bank (EIB), Mathias Kollatz-Ahnen.

March 18, 2010 11:12

Metro Cash & Carry makes EUR 1.22 bln sales in Romania

Metro Cash & Carry makes EUR 1.22 bln sales in Romania

German retailer Metro Cash & Carry reported sales of EUR 1.22 billion for last year in Romania, which was down on the EUR 1.63 billion a year before, according to data from the company.

March 18, 2010 11:09

Bostina and Associates achieves 2.11 percent revenue growth

Bostina and Associates achieves 2.11 percent revenue growth

Bostina and Associates law firm posted EUR 16.9 million in revenues last year, achieving its development target for 2009, according to the company.

March 18, 2010 11:07

It is possible that lenders’ debtors to be turned out from their houses, says Vasilescu

It is possible that lenders’ debtors to be turned out from their houses, says Vasilescu

Adrian Vasilescu, the advisor of the National Bank of Romania (BNR) governor said in a press conference that he didn’t exclude the possibility that some Romanians who have debts to their lenders and are not able to pay them anymore to be turned out from their houses they bought through a mortgage loan.

March 18, 2010 09:47

European Goldfields, one step closer to gold exploration in Certej, Apuseni

European Goldfields, one step closer to gold exploration in Certej, Apuseni

European Goldfields announced that has received the last remaining approval required for the grant of the zonal urbanisation (PUZ) plan relating to Certej gold-silver mine from the Timisoara authorities.

March 17, 2010 11:36

CEZ Distributie to cut 110 jobs this year

CEZ Distributie to cut 110 jobs this year

Romanian electricity distributor CEZ Distributie will cut 110 jobs in 2010, representing over 7 percent of the total personnel, according to Doina Vornicu, the company’s GM.

March 17, 2010 11:23

Prefab to be listed on the BSE by June

Prefab to be listed on the BSE by June

The local producer of construction materials, Prefab, will issue an IPO in the next 2 or 3 months, announces the company. The shareholders’ decision was motivated by the good financial results registered in 2009 and in Q1 of this year.

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