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MementoBus has launched first shuttlebus as alternative to taxis from Otopeni Airport

Posted by on Feb 22, 2018 in NEWS | 0 comments

MementoBus has launched first shuttlebus as alternative to taxis from Otopeni Airport

The transport company MementoBus, part of Christian Tour group, has launched the first shuttlebus from International Airport „Henri Coanda”, Otopeni, so that passengers can be transferred to the hotels in Bucharest where they have accommodation, as well as to the Central Bus station, from where they can go Brasov, Constanta, Sibiu, Craiova, Bacau, Cluj-Napoca, Galaţi and Tulcea, according to News.ro. The representatives of Christian Tour estimate that over 3,000 of passengers, Romanians and foreigners, will benefit from these services...

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Spanish-led consortium, including Transgaz and EBRD, submitted a binding offer for Greece’s gas grid operator DESFA

Posted by on Feb 21, 2018 in NEWS | 0 comments

Spanish-led consortium, including Transgaz and EBRD, submitted a binding offer for Greece’s gas grid operator DESFA

A consortium including Romanian state company Transgaz and the European Bank for Reconstruction and Development (EBRD), led by Spanish company Reganosa, is one of the two bidders for a 66 percent stake in Greeece’s gas grid operator DESFA, according to a press release of the Hellenic Republic Asset Development Fund (HRADF), according to Business-Review.eu. The greek agency said two binding offers were submitted for the acquisition of 66 percent share capital of the Hellenic Gas Transmission System Operator (DESFA) – 31 percent stake...

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Romanian locality signs “union declaration” with Moldova

Posted by on Feb 21, 2018 in NEWS | 0 comments

Romanian locality signs “union declaration” with Moldova

The local councilors in the Parva commune, in north-central Romania’s Bistriţa-Năsăud county, have signed a resolution requesting the union with the Republic of Moldova, Mediafax reported. It is the first Romanian locality to sign such a declaration. The document, with a symbolic value, is to be sent to all national decision-making factors, according to Romania-Insider.com. The locality said the declaration was a response to a similar document of local authorities in the Republic of Moldova. The local councils of 34 localities in the...

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OMV Petrom negotiating regional deals for Black Sea gas; Export tender for Hungary lost

Posted by on Feb 21, 2018 in NEWS | 0 comments

OMV Petrom negotiating regional deals for Black Sea gas; Export tender for Hungary lost

Oil major OMV Petrom is exploring the region to sign export deals for the gas that will be extracted from the Black Sea as the company estimates that the demand on the Romanian market might not be enough to cover the supply, says Business-Review.eu. “Without an increase of demand in Romania, we will have to look for sale options on other markets. Our objective is the region close to Romania, where we can have the best yield for any kind of sale, not just for gas,” said Marian Gheorghe, the CEO of OMV Petrom, in a press conference. The...

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Romania registers highest number of measles cases in Europe

Posted by on Feb 20, 2018 in NEWS | 0 comments

Romania registers highest number of measles cases in Europe

Europe has seen a big surge in measles cases in 2017 compared to the previous year, with the highest number of affected people being reported in Romania, according to the World Health Organization (WHO), quoted by Romania-Insider.com. The disease affected 21,315 people in Europe and caused 35 deaths in 2017, following a record low of 5,273 cases in 2016, the organization said in a press release. “Every new person affected by measles in Europe reminds us that unvaccinated children and adults, regardless of where they live, remain at risk of...

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EU Commissioner Corina Cretu approves EUR 1.3 billion funding for upgrade of Curtici-Constanta railway

Posted by on Feb 19, 2018 in NEWS | 0 comments

EU Commissioner Corina Cretu approves EUR 1.3 billion funding for upgrade of Curtici-Constanta railway

An investment of EUR 1.3 billion out of the Cohesion Fund will be made in the upgrade of a section of the railway corridor that links Curtici, located at the border between Romania and Hungary, to the city of Constanta by the Black Sea, says Business-Review.eu. The works will focus significantly on increasing speed and the safety of travel on the section between kilometre 614 and Simeria town, by refurbishing and upgrading 13 stations from this section, improving signalling and information systems for passengers and building the necessary...

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Palme d’Or-winning Romanian director to produce HBO Europe miniseries

Posted by on Feb 18, 2018 in NEWS | 0 comments

Palme d’Or-winning Romanian director to produce HBO Europe miniseries

Romanian director Cristian Mungiu will produce the miniseries Hackerville for HBO Europe and German network TNT Serie, The Hollywood Reporter announced. Moldovan film director Igor Cobileanski will direct it, according to Romania-Insider.com. This is HBO Europe’s first international co-production. Hackerville was created by Ralph Martin and Joerg Winger, on behalf of the German company UFA Fiction. The two also authored the script of the Emmy-awarded German series Deutschland 83. The six-part thriller miniseries is set in Germany and...

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Cooperative Tara Mea invests EUR 9 mln in dairies factories in 2018

Posted by on Feb 17, 2018 in NEWS | 0 comments

Cooperative Tara Mea invests EUR 9 mln in dairies factories in 2018

Cooperative Tara Mea, which produces Romanian dairies in value of EUR 500,000/month, has invested EUR 7 million in the factory from Barlad, which will open in 2 months, while other EUR 2 million will be allocated to the modernization of factories from Berca and Arad, says Business-Review.eu. Cooperative Tara Mea owns 3 factories in Buzau, Arad and Ploiesti. In 2017 Tara Mea registered a turnover of EUR 26 million. “The main goal of the Cooperative is not to deliver more and more and faster, on the contrary: the investment of EUR 2 million...

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Canada sees increase in Romanian asylum claims after visa lift

Posted by on Feb 16, 2018 in NEWS | 0 comments

Canada sees increase in Romanian asylum claims after visa lift

Canada has seen a substantial increase in asylum claims from Romanians since the Canadian government lifted the visa requirement in December 2017, ipolitics.ca reported, according to Romania-Insider.com. Paul MacKinnon, assistant deputy minister with the Canadian immigration department, said 232 Romanians have claimed asylum since December last year. Before the visa lift, the total number of asylum claims was “very low,” he added. However, Paul MacKinnon said it’s difficult to say at the moment if the trend will continue or if it was...

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Cabrera Capital Markets Teams Up With BT Capital Partners

Posted by on Feb 15, 2018 in NEWS | 0 comments

Cabrera Capital Markets Teams Up With BT Capital Partners

Cabrera Capital Markets LLC announces a partnership with BT Capital Partners. Headquartered in Cluj-Napoca, Romania, BT Capital Partners is a subsidiary of Banca Transilvania, which is one of the largest financial institutions in the country. BT Capital Partners is a market leader in capital markets. The group, which includes an investment banking arm, has deep expertise in asset management, capital markets and corporate finance. Through Cabrera, BT Capital Partners will provide unique research and execution services to U.S. institutional...

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