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Romania Signs Financing Contract for Subway Line to Bucharest International Airport
Social/Politics

Romania Signs Financing Contract for Subway Line to Bucharest International Airport

Romania's transport ministry and subway company Metrorex have signed a financing contract for a 14.2 kilometer subway line linking the existing underground network to Bucharest's internation...

Oana Gavrila · 05.11.2020 · 11:26 · 1 min
Impact Signs EUR9.5M Contract With Premium Invest Concept To Build Apartment Complex
Real Estate

Impact Signs EUR9.5M Contract With Premium Invest Concept To Build Apartment Complex

Impact Developer & Contractor (IMP.RO), a real estate developer held by businessman Gheorghe Iaciu, concluded a contract of EUR9.5 million with construction firm Premium Invest Concept for t...

Ecaterina Craciun · 13.10.2020 · 14:07 · 1 min
Avioane Craiova Signs RON275M Contract To Upgrade 10 IAR-99 Aircrafts
Companies

Avioane Craiova Signs RON275M Contract To Upgrade 10 IAR-99 Aircrafts

Romanian state-run aircraft maker Avioane Craiova (AVIO.RO) has signed a four-year contract worth RON275 million (VAT not included) with Romania's National Defense Ministry for the moderniza...

Ecaterina Craciun · 17.08.2020 · 12:24 · 1 min
Romania Signs RON326.5M Contract for 29 km of Transylvania Highway
Automotive

Romania Signs RON326.5M Contract for 29 km of Transylvania Highway

Romania's national road infrastructure administration company CNAIR on Friday signed a contract for the execution of a 29 km portion of Transylvania Highway that should ultimately link Braso...

Oana Gavrila · 12.06.2020 · 16:43 · 1 min
Romania’s Economy Showing Signs Of Rebound As Number Of Furloughed Employees Down By Almost 130,000
HR

Romania’s Economy Showing Signs Of Rebound As Number Of Furloughed Employees Down By Almost 130,000

The number of contracts suspended, that is employees furloughed, has dropped by almost 130,000 since thy peak of April 9, to some 902,000 on April 16, Labor Ministry data show.

Loredana Frățilă-Cristescu · 21.04.2020 · 09:00 · 1 min
Romanian Builders Go Abroad In Search Of Projects
Companies

Romanian Builders Go Abroad In Search Of Projects

Hidroconstructia, PAB Romania, Petcu Construct are but some of the Romanian construction companies that have expanded their presence beyond their home country and signed contracts abroad. Th...

Loredana Frățilă-Cristescu · 10.03.2020 · 09:00 · 1 min
Number of Insurance Contracts Up 3% by End of September
Banks-Insurance

Number of Insurance Contracts Up 3% by End of September

Insurers recorded more than 15.5 million policies at the end of the first nine months of 2019, 3% more than in the year-ago period, Financial Supervisory Authority (ASF) data show.

Loredana Frățilă-Cristescu · 27.12.2019 · 11:23 · 1 min
GSP Offshore Signs Integrated Services Contract With OMV Petrom
Companies

GSP Offshore Signs Integrated Services Contract With OMV Petrom

Romanian offshore services company GSP Offshore and oil and gas company OMV Petrom have signed a framework agreement for integrated offshore services of the facilities and equipment of OMV P...

Ecaterina Craciun · 31.07.2019 · 18:37 · 1 min
Four Companies Vie For EUR40M Construction Contract Of Brasov-Ghimbav Airport Terminal
Companies

Four Companies Vie For EUR40M Construction Contract Of Brasov-Ghimbav Airport Terminal

Companies Bog’Art SRL Bucuresti, Construcții SA Sibiu, Kesz Constructii Romania SRL Cluj and Porr Construct SRL Bucuresti have joined the race to win a contract worth RON184.6 million (EUR39...

Ecaterina Craciun · 12.02.2019 · 19:47 · 1 min