The Bucharest National Airports Company has contracted a EUR 100 loan from BRD Groupe Societe Generale and BCR, to finance the third development and modernizing phase of the Otopeni airport in the Romanian capital city. The two lenders have been chosen in an open bid.

French retailer Carrefour will open a new hypermarket in Bucharest, within the Colloseum shopping center in the Romanian capital city in September this year. This will be Carrefour's eight hypermarket in Bucharest and the 24th in the country.

The European Bank for Reconstruction and Development (EBRD) has granted a EUR 10 million loan to Raiffeisen Bank Romania to fuel energy efficiency projects for local companies.

The increase in gas prices in Romania was caused by the international quotations and by the depreciation of the Romanian leu against the dollar, according to oil and gas company OMV Petrom, who issued a statement on Wednesday. The price of gas was up 20 percent last year, while the price of diesel oil grew by 24 percent in 2010, according to OMV Petrom.

Private equity company Enterprise Investors plans to raise a new investment fund in 2011 targeting several countries in the SEE region, Romania included. The new buyout fund, Polish Enterprise Fund VII, will start raising money mid-2011, as Polish Enterprise Fund VI is almost fully invested, according to Enterprise Investors.

Private equity fund Innova Capital has acquired a 96 percent share package in Provus Services provider and in its Romanian subsidiary RomCard from Turkven Private Equity and a consortium of Turkish investors. The value of the deal has not been disclosed.

Oil company Lukoil plans to shut down its Petrotel refinery in Ploiesti, Romania, for maintenance next month. The halt will last for two weeks, between February 13 and 18, for regular equipment inspections, the company has announced.

The hike in 2010 of pump prices in Romania was groundless and did not reflect the evolution of international quotes for crude oil, exchange rates and duties and fees, while most of the local oil firms reported significant losses, and their real profits were not reflected accordingly.

Romania has a wind energy potential of around 14,000 MW and wind turbines totaling 500 MW could be installed by 2015, according to Danish wind turbine producer Vestas, which has recently opened an office in Romania.

T-Systems, the IT services division of German Deutsche Telekom, has opened a subsidiary in Romania. The company is called T-Systems ICT Romania and is managed by Peter Ilosvai, the head of T-System in Hungary and by Roman Kuka

The Bucharest National Airports Company has contracted a EUR 100 loan from BRD Groupe Societe Generale and BCR, to finance the third development and modernizing phase of the Otopeni airport in the Romanian capital city. The two lenders have been chosen in an open bid.

French retailer Carrefour will open a new hypermarket in Bucharest, within the Colloseum shopping center in the Romanian capital city in September this year. This will be Carrefour's eight hypermarket in Bucharest and the 24th in the country.

The European Bank for Reconstruction and Development (EBRD) has granted a EUR 10 million loan to Raiffeisen Bank Romania to fuel energy efficiency projects for local companies.

The increase in gas prices in Romania was caused by the international quotations and by the depreciation of the Romanian leu against the dollar, according to oil and gas company OMV Petrom, who issued a statement on Wednesday. The price of gas was up 20 percent last year, while the price of diesel oil grew by 24 percent in 2010, according to OMV Petrom.

Private equity company Enterprise Investors plans to raise a new investment fund in 2011 targeting several countries in the SEE region, Romania included. The new buyout fund, Polish Enterprise Fund VII, will start raising money mid-2011, as Polish Enterprise Fund VI is almost fully invested, according to Enterprise Investors.

Private equity fund Innova Capital has acquired a 96 percent share package in Provus Services provider and in its Romanian subsidiary RomCard from Turkven Private Equity and a consortium of Turkish investors. The value of the deal has not been disclosed.

Oil company Lukoil plans to shut down its Petrotel refinery in Ploiesti, Romania, for maintenance next month. The halt will last for two weeks, between February 13 and 18, for regular equipment inspections, the company has announced.

The hike in 2010 of pump prices in Romania was groundless and did not reflect the evolution of international quotes for crude oil, exchange rates and duties and fees, while most of the local oil firms reported significant losses, and their real profits were not reflected accordingly.

Romania has a wind energy potential of around 14,000 MW and wind turbines totaling 500 MW could be installed by 2015, according to Danish wind turbine producer Vestas, which has recently opened an office in Romania.

T-Systems, the IT services division of German Deutsche Telekom, has opened a subsidiary in Romania. The company is called T-Systems ICT Romania and is managed by Peter Ilosvai, the head of T-System in Hungary and by Roman Kuka