OMV announced that EUR 1 billion investment is in store in Romania if the country sets up an acceptable regulatory framework for the company’s exploitation project on the Black Sea, according to RomaniaJournal.ro.
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AROBS Transilvania Software, a Cluj-based IT company specializing in software development for mobile applications and GPS equipment distributors, has taken over the company that owns alarma.ro, one of the main players in the field of providing fleet monitoring solutions from Romania. SAS Grup, the Romanian company that owns alarma.ro, has a portfolio of over 2,200 domestic and international clients, according to a press release by AROBS, quoted by Business-Review.eu.
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Mures County Council approved on Thursday, August 30, a long-term development project for the Transilvania Airport located near Targu-Mures, central Romania, valued at RON 787 million (some EUR 170 million), says Romania-Insider.com.
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Romanian bicycle producer Pegas has made its first step on European markets by listing its products on five Amazon marketplaces in Spain, France, Germany, Italy and UK, from where it can deliver throughout the EU, the company announced, qouted by Romania-Insider.com.
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About 75,300 new cars were registered in Romania in the first seven months of this year, up by a third compared to the same period of 2017, according to Romania-Insider.com.
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The overall investment volumes on the Romanian commercial real estate market reached EUR 404 million in the first half of this year, up 18% over the same period of 2017, according to real estate consultancy company Colliers International, quoted by Romania-Insider.com.
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The asking prices for residential properties in Romania, both apartments and houses, increased overall with 1.4% in the second quarter of this year compared to the first quarter, says TransylvaniaToday.ro. The growth rate was similar to that recorded in the first quarter, according to real estate portal imobiliare.ro, quoted by Romania-Insider.com.
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Romania’s three month money market rate (ROBOR), the main indicator that sets the interest rates for RON currency borrowers, reached on Monday a record high of the last four years and four months of 3.24 percent, as never-ending political tensions, higher inflation, higher interest rates and shaky fiscal position create a grim picture for the Romanian economy, according to Business-Review.eu.
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Karina Turcan, a young woman of Moldovan, Romanian and Russian citizenship, was apparently arrested in Russia for allegedly spying for Romania, according to reports in the Russian media. Romania’s Foreign Affairs Ministry announced that it officially asked the Russian Embassy in Bucharest for details and clarifications related to this case, according to Romania-Insider.com.
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French actress Fanny Ardant is set to receive the Transilvania Lifetime Achievement Trophy at this year’s edition of the Transilvania International Film Festival (TIFF), held in Cluj-Napoca, says Romania-Insider.com.
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