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Moody’s: Domestic macro-economic balance improving, but growth still subdued

In a report published, recently, Moody’s Investors Service says that Romania’s Baa3 government bond rating incorporates the fiscal consolidation achieved over the last two years, but remains constrained by the economy’s subdued recent growth performance and outlook.

Green Vision Seven makes operational Romania’s largest solar farm

The Green Vision Seven company, indirectly controlled by the Chinese provider of photovoltaic panels Hareon, will make operational in the Brasov County, until the end of this year, a solar farm with the power of 82 MW, which will be the biggest unit of this type in Romania, depending on the installed capacity.

Real Estate Valuations, EUR 18 Million Market

The real estate valuation market in Romania will reach EUR 18 million in 2013, the same value as last year, according to Activ Property Services, partner Cushman & Wakefield.

Eurostat: Romania, second in EU in construction works advance in August

Romania in August 2013, compared with August 2012, had the second largest increase of construction works volume in the European Union, 8.9 percent, being outrun only by Hungary, where the construction works registered an annual growth of 14.6 per cent, as show the data presented by the European Office for Statistics (Eurostat).

EC asks Romania and the Czech Republic to adopt national measures on energy efficiency in buildings

The European Commission (EC) has issued a formal request to Romania and the Czech Republic to ensure full compliance with their obligations under EU legislation on energy efficiency in buildings (Directive 2010/31/EU).

ECOSUN Expert launches its first photovoltaic park in Romania

ECOSUN Expert Romania enters into the local market of solar energy production by launching a photovoltaic park, with a capacity of 2.5 MW, in the locality Podu Olt (the Brasov-based Harman commune), following an investment worth some millions of euros, according to a press release.

DB Schenker Rail signs transport deal with Ford

DB Schenker Rail Romania, part of the German freight group, said it would provide car transport services for US-based car market Ford, which operates a plant in Craiova, starting this month.

Strabag Estimates Turnover Fall to Approx. EUR 300 Million This Year in Romania

Austria’s group Strabag’s turnover in Romania will decrease this year to approx. EUR 300 million from EUR 350 million last year, due to diminishing number of projects on the market.

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