Romania to exit deal with Chinese company for new nuclear reactors

Romania to exit deal with Chinese company for new nuclear reactors

Jan 21, 2020

Romania’s Government will exit the deal with the Chinese partner for the construction of reactors 3 and 4 at the Cernavoda nuclear power plant, prime minister Ludovic Orban announced in an interview with Hotnews.ro. “It is clear to me that the partnership with the Chinese company is not going to work,” Orban said, adding that the Government has already...

CBRE releases the “Romania Office Destinations” research report

CBRE releases the “Romania Office Destinations” research report

Jan 21, 2020

According to the “Romania Office Destinations” report, conducted by the research department at CBRE Romania, at the end of the third quarter of 2019, Bucharest reached a total area of 3.16 million square meters of modern office spaces, in the context of a total population of 2.1 million and an unemployment rate of 1.3%, according to...

Ford emerges as second brand on Romanian car market

Ford emerges as second brand on Romanian car market

Jan 20, 2020

The market share of Ford on the Romanian car market (including passenger cars and commercial vehicles) reached 8.58% in 2019, and the number of registrations reached 16,168 units, the company said in a statement released last week, according to Romania-Insider.com. The U.S. car producer, which operates a factory at Craiova, in southern Romania, was thus the...

Igloos replace Romania’s ice hotel as warm weather hinders construction

Igloos replace Romania’s ice hotel as warm weather hinders construction

Jan 19, 2020

The Ice Hotel built yearly at Bâlea Lake, in central Romania’s Făgăraș Mountains, will be replaced this year by an igloo village because of the unfavorable weather conditions, says Romania-Insider.com. Because of the warm weather, the builders are unable to extract ice from the Bâlea Lake; instead, they will build igloos made out of snow. It is the first...

Fitch affirms Romania’s Banca Transilvania at ‘BB+’, outlook stable

Fitch affirms Romania’s Banca Transilvania at ‘BB+’, outlook stable

Jan 19, 2020

Fitch Ratings said it has affirmed the long-term issuer default rating (IDR) of Romania’s Banca Transilvania at ‘BB+’, with a stable outlook, and the bank’s viability rating (VR) at ‘bb+’, according to SeeNews.com. The IDRs of Banca Transilvania are driven by its standalone creditworthiness as reflected in its VR, Fitch said...