Bucharest Stock Exchange sets new all-time highs in 2021
The Bucharest Stock Exchange (BVB), a fundamental institution of the Romanian capital market, has successfully fulfilled its fundamental role of financing the economy in a volatile domestic and international context influenced by the evolution of the coronavirus pandemic. The Romanian capital market recorded in 2021 the best year in history and set a series of […]
PMI continues to invest in the Otopeni factory where it produces consumables for IQOS. The budget allocated over the next two years exceeds USD 100 million
Cigarette manufacturer Philip Morris International (PMI) continues its investments aimed at transforming the Otopeni factory into a manufacturing unit for consumables for IQOS, the electronic tobacco heating system developed by the company. The amount allocated for the next two years exceeds USD 100 million. Since 2017 (when the transformation process of the Otopeni factory started) […]
Automotive Industry in Austria
What do the Mercedes-Benz G-Class, the BMW 530e Plug-In Hybrid and the fully electric Jaguar I-Pace have in common? They all come from Austria! For all necessary parts of a car and even entire vehicles such as the off-road car with the star are produced in the alpine country. With 109,500 passenger vehicles produced in […]
The darkness at the end of the tunnel
Foto: janefromyork / depositphotos.com The world is slowly recovering from the economic crisis triggered by the COVID-19 pandemic. But after a spectacular start, growth is marred by inflation and supply chain bottlenecks. Looking at today’s figures, it’s hard to believe that only some six years ago, the European Central Bank was concerned with dangerously low […]
“Fit for 55”: rather unprepared!
Foto: robertsrob / depositphotos.com “Fit for 55” is the ambitious title under which the European Union announces the continent’s “greening” during the next three decades. And “greening” means the liquidation of energy production units that use hydrocarbons as raw materials and therefore release huge amounts of carbon dioxide (CO2) into the atmosphere. Zero net emissions […]
The brave new world of work
Foto: NEW_PHOTOS/ depositphotos.com The still headline grabbing COVID-crisis is said to have an upside as well. Picture a young man or woman sitting on a comfortable chair at a beach bar, his or her relaxed gaze brushing on turquoise ocean waters, finally resting on serene green hilltops. A cold drink is placed right next to […]
Hunt of fresh air
I do not know about the others but here on European meadows, we concluded that we want fresh air, as fresh as possible. In the hope that echoes from Brussels will be taken into account on our realms, let s look at what the future holds for us. European Union has set out to reduce […]
Expansion of VGP’s Romanian footprint with 90,000 m2 new space under construction
VGP, the pan-European provider of high-quality logistics and semi-industrial real estate, is accelerating the expansion of its Romanian footprint by having launched the construction of three new buildings of about 30.000 m2 each in VGP Parks Arad, Brasov & Bucharest North. At European level, the Belgian developer just released the 2021/H1 results ending the semester […]
Total trading value breaks RON 10-billion ceiling as the Romanian capital market goes up 25%
The investors intensified their trading activity on the Bucharest Stock Exchange (BVB) pushing the cumulative value of transactions for all types of financial instruments to RON 10.4 billion, the equivalent of EUR 2.1 billion. This level corresponds to a growth rate of 56.6% compared to January-July last year. The average daily liquidity for all types […]
Trophy hunting
As an automotive journalist, I have often encountered the question: Which is the most expensive car? So … let me answer this question. In an attempt to group the cars by classes, taking as a criterion only Maslow’s Pyramid … we would probably start from something with four wheels that prosaically would be called “home […]