Companies
Romania Can Halt Rosia Montana Mining Project Unless Developer Invests $70M In Preservation Works
Romania can halt the gold mining project at Rosia Montana anytime unless the joint venture developing it, Rosia Montana Gold Corporation, invests $70 million in preservation works in the are...
Shock Change For EU Funds: Pre-Financing Down From 30% To 10%
Those who won EU-financed projects in the last few months will no longer be able to receive 30% pre-financing to start the activities of the project, as was the case for beneficiaries of EU...
Horia Manda, Axxess Capital: This Is A Good Time For Acquisitions
Horia Manda, managing director of Axxess Capital, which manages the Romanian-American Enterprise Fund (RAEF), Balkan Accession Fund (BAF) and Emerging Europe Accession Fund, believes this is...
Fondul Proprietatea Willing To Help With Future Bourse Privatizations
Greg Konieczny, manager of the EUR4 billion assets of Fondul Proprietatea, says Petrom’s offering had a “disappointing” result because it was not well structured. The fund’s official offered...
Romania Drastically Cuts State Pre-Financing Cap For EU-Funded Projects
The state pre-financing ceiling for EU-funded projects has been reduced drastically by the government and companies that fail to provide the refund paperwork in four months shall be required...
Romania Accessed 30% Of Available EU Funds For Agriculture - Agency
Romania has so far accessed about EUR3 billion through its National Rural Development Program, which means it absorbed 30% of the total EU funds available for agriculture and rural developme...
GED Buys Remaining 20% In Travel House Travel Agency
Corina Souvannasouck sold her 20% stake in tour agency Travel House to Spanish-held investment fund GED, for an undisclosed amount, according to Official Gazette data.
First X-Ray Of The Largest State-Run Companies
The publishing by Fondul Proprietatea of state-controlled companies’ reports reveals a rise in salary costs and in the number of employees. The ten largest state-owned companies in the energ...
Colliers’ Bogdan Georgescu Creates Business Incubator
Bogdan Georgescu, one of the most experienced real estate consultants, who ran the largest firm on the market - Colliers International – for almost 12 years, has changed focus from real esta...