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August 9, 2014

ICA case: Dan Voiculescu sentenced to 10-year in prison
Aug 9, 2014

ICA case: Dan Voiculescu sentenced to 10-year in prison.
Mencinicopschi gets 8 years in prison, Sorin Pantis 7 years. The Bucharest Court of Appeal on Friday sentenced businessman Dan Voiculescu to 10 years in prison in connection to the case involving the privatisation of the Food Research Institute (ICA). The Court ruling is final. The Bucharest (...)
[Read the article in Nine O`Clock]
 
 
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Boxing: Cristian Ciocan, winner by decision against Brazilian Costa Junior Romanian Boxer Cristian Ciocan has defeated, through a decision by the judges, Brazilian fighter Irineu Beato Costa Junior, on Friday evening, in a match running its full course of 12 rounds, taking place as part of a professional gala in Cuxhaven (...)

NEPI Buys Promenada Mall For EUR148M South-African investment fund New Europe Property Investment (NEPI) paid EUR148 million for the Promenada Mall in Bucharest to Raiffeisen evolution, which invested EUR130 million in the project.

SIF Transilvania Revenues Dropped Five-Fold In First Nine Months, To RON74M SIF Transilvania (SIF3) had revenues of RON74 million (EUR16.6 million) in the first nine months, down 78.4%, from RON342 million in the same period last year, as stock sales dropped to RON56.5 million.

UPDATE: Real estate fund NEPI buys Promenada mall in Bucharest South-African investment fund New Europe Property Investments (NEPI) has agreed to buy the Promenada mall in Bucharest, from Austrian developer Raiffeisen Evolution, the fund announced on Friday. The value of the transaction was EUR 148 million, which NEPI paid from it’s own funds. Romanian (...)

Facebook hires young Romanian intern for its California team Sebastian Crisan, a young Romanian IT engineer from Cluj-Napoca, was selected to work at Facebook’s headquarters in California. He will start his new job in November, reports local Digi24. Crisan, 24, was accepted as an intern in the famous company last summer. He managed to impress Facebook (...)

Bucharest Stocks Close Higher After Five Days In Red The Bucharest stock market closed higher Friday amid traded value worth RON35.05 million (EUR7.93 million), mainly covered by trades with Banca Transilvania (TLV.RO) and Romgaz (SNG.RO).

AgriMin Constantin: We have succeeded in stimulating young people to return to their village 
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