Local entrepreneur Radu Georgescu, founder and chairman of IT company Gecad, sold several properties in central Bucharest to Euromall for EUR 7mn-8mn, Wall-Street reported. The properties have a combined surface of around 10,000 square metres. None of the parties were available for comment, the daily specified. Gecad has successfully exited two of its major investments: RAV Antivirus was acquired by Microsoft in 2003 and GECAD ePayment International by Allegro/Naspers in 2010. Strategic minority investors were also brought into Axigen and Avangate. |
Romania's government has earmarked RON 163mn (EUR 37mn) worth of subsidies for 2013 under a programme aimed at closing down the loss-making mines of local company CNH located in the southwestern ... more
Romanian state-controlled hydropower company Hidroelectrica sold on Thursday, March 21, in several separate contracts a total of 0.3TWh of baseload electricity deliverable between April 1 and the ... more
The Romanian government will publish the privatisation call for freight railway company CFR Marfa immediately after the consultants complete their work, probably on April 6-8, Romanian transport ... more