US group CHS Inc. has bought Agri Point, a company with operations in Romania, Bulgaria, Hungary, and Serbia. Agri Point used to be controlled by East Point Holdings Limited in Nicosia, Cyprus. The value of the deal was not disclosed.

RWE, Iberdrola and GDF Suez will withdraw from the Cernavoda nuke expansion project in Romania. Economic and market uncertainties surrounding this project, related for the most part to the present financial crisis, are not reconcilable now with the capital requirements of a new nuclear power project, according to German RWE.

Real estate investment fund New Europe Property Investment (NEPI), with real estate assets in Romania, will float on the Bucharest Stock Exchange (BSE) by the end of March, according to Dan Weiler, executive director of Corporate Finance Investment Banking with BCR. The listing will not include an initial public offering (IPO).

Premium Aerotec has started the production of aircraft components at its new factory in Ghimbav, Braşov County, Romania, eight months from the ground-breaking ceremony of the 60,000 sqm plant.

US construction company Bechtel International, Canadian SNC Lavalin Nuclear and firms from Russia have submitted letters to build the Cernavoda 3 and 4 nuclear reactors expansion project in Romania.

The Romanian economy is expected to grow only modestly in 2011, after a decline of 2 percent envisaged for 2010, while tough austerity measures are bound to face strong social opposition and could create instability, the Economist Intelligence Unit said in its latest global forecast Tuesday.

Energy company RWE has given up on a wind park in Dobrogea area of Romania after it failed to receive the construction permits and due to land ownership issues, according to company representatives quoted by the Romanian media.

Romanian shoemaker Clujana is currently negotiating to export products on the Russian market, after entering the France, Italy and Germany market last year. Clujana has started exporting products under its own brand. The company used to be present on the Russian market during the communist period.

SABMiller brewer's sales in Romania stagnated in the last three months of 2010, on a declining beer market, the company has announced in its most recent earnings update.

Romania's Transport Ministry will invest EUR 18.8 million in upgrading the road infrastructure around the Dacia-Groupe Renault factory and the Renault Technologie Roumanie center. The ministry will built four lanes on 4.1 kilometers of national road DN 73 and on a connection road DN 73D.

US group CHS Inc. has bought Agri Point, a company with operations in Romania, Bulgaria, Hungary, and Serbia. Agri Point used to be controlled by East Point Holdings Limited in Nicosia, Cyprus. The value of the deal was not disclosed.

RWE, Iberdrola and GDF Suez will withdraw from the Cernavoda nuke expansion project in Romania. Economic and market uncertainties surrounding this project, related for the most part to the present financial crisis, are not reconcilable now with the capital requirements of a new nuclear power project, according to German RWE.

Real estate investment fund New Europe Property Investment (NEPI), with real estate assets in Romania, will float on the Bucharest Stock Exchange (BSE) by the end of March, according to Dan Weiler, executive director of Corporate Finance Investment Banking with BCR. The listing will not include an initial public offering (IPO).

Premium Aerotec has started the production of aircraft components at its new factory in Ghimbav, Braşov County, Romania, eight months from the ground-breaking ceremony of the 60,000 sqm plant.

US construction company Bechtel International, Canadian SNC Lavalin Nuclear and firms from Russia have submitted letters to build the Cernavoda 3 and 4 nuclear reactors expansion project in Romania.

The Romanian economy is expected to grow only modestly in 2011, after a decline of 2 percent envisaged for 2010, while tough austerity measures are bound to face strong social opposition and could create instability, the Economist Intelligence Unit said in its latest global forecast Tuesday.

Energy company RWE has given up on a wind park in Dobrogea area of Romania after it failed to receive the construction permits and due to land ownership issues, according to company representatives quoted by the Romanian media.

Romanian shoemaker Clujana is currently negotiating to export products on the Russian market, after entering the France, Italy and Germany market last year. Clujana has started exporting products under its own brand. The company used to be present on the Russian market during the communist period.

SABMiller brewer's sales in Romania stagnated in the last three months of 2010, on a declining beer market, the company has announced in its most recent earnings update.

Romania's Transport Ministry will invest EUR 18.8 million in upgrading the road infrastructure around the Dacia-Groupe Renault factory and the Renault Technologie Roumanie center. The ministry will built four lanes on 4.1 kilometers of national road DN 73 and on a connection road DN 73D.