03.27.2015

Preparations for the biggest leu-denominated bond offering on the local capital market have entered the finishing straight: the prospectus is almost ready and subscriptions are likely to start in one more

11.27.2014

Two syndicates, one comprising BCR-BRD and the other Raiffeisen Bank, Banca Transilvania and Japanese Nomura bank have submitted bids for assisting the Bucharest City Hall with the issuance and sale more

11.12.2014

The city of Bucharest plans to issue leu-denominated bonds to fund the repayment of its EUR500 million Eurobond that falls due in 2015, according to an auction announcement. more

04.01.2014

Banca Comerciala Romana, the largest Romanian bank, last year became the owner of the land plot on Calea Victoriei boulevard where is located Bucharest Financial Plazza, the tower that hosts its more

03.27.2013

Romania’s government approved Wednesday the merger of heating distributor RADET and thermal power producer ELCEN, people close to the matter told Mediafax Wednesday. more

01.29.2013

Romanian local governments that register arrears at the end of January 2013 will be obliged to reduce them by at least 85% in two months, otherwise the state treasury will limit payments from their more

12.17.2012

Bucharest’s sector 6 city hall wants to contract a credit line of up to 240 million lei (EUR53.8 million) to finance building thermal rehabilitation projects, and the capital’s sector 4 mayoralty more

12.04.2012

Romania’s Government on Tuesday lowered the cap on annual reimbursable financing local authorities may contract between 2013 and 2015 to stay within the consolidated budget deficit target. more

11.29.2012

The Bucharest Council on Thursday approved a memorandum whereby thermal power producer ELCEN will be taken over by the City Hall. more

08.08.2012

Romania’s Finance Ministry will stop payments from income tax and VAT collections provided to local authorities, for the city halls which received money from the Government's reserve fund during the more

06.13.2012

Sorin Oprescu has been reelected Mayor of Bucharest, with 54.79% of the votes cast Sunday, while the runner-up, PDL deputy Silviu Prigoana, got 17.12% of the ballot, according to the final results of more

04.02.2012

Romanian Prime Minister Mihai Razvan Ungureanu and the country’s ruling coalition have reached an agreement on allotting extra money to local public authorities, so the funds will be used only to more

03.26.2012

Bucharest's general council has approved the city's budget more than a month and a half after the legal deadline, an extremely optimistic budget even for this election year, with revenues expected to more

02.14.2012

Bucharest’s five-star JW Marriott hotel, which operates 402 rooms and 12 event halls, has started the renovation of its Constanta conference hall and of ten other smaller conference rooms on its more

01.27.2012

Bucharest City Hall will pay the consortium of TeamNet International, UTI Systems, UTI Construction&Facility Management and Top Ram Project 126.8 million lei (VAT included, EUR29.2 million) for an more

01.26.2012

The European Commission (EC) on Thursday called on Romania to observe EU norms on public procurement in connection with a EUR110 million contract awarded by Bucharest’s sector 3 City Hall. more

07.21.2011

The Cluj-Napoca city hall, northwestern Romania, will hold an auction to purchase an integrated IT system for online services on September 1, allowing residents to request parking authorizations or more