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Greece’s Piraeus and NBG to set up ‘bad banks’ as bad loans soar

October 3, 2013

// Greece’s biggest lenders, National Bank of Greece and Piraeus plan to put their troubled loans into separate “bad banks” in order to restore consumers’ confidence in the rest of their business, the banks’ executives told Reuters, ekathimerini.com reports. National Bank of Greece (NBG) deputy chief executive Petros Christodoulou said he was also talking to [...]

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PepsiCo invests USD 2 mln to install photovoltaic panels at its facilities in Romania

PepsiCo, a leader in the food and beverage industry, said it installed photovoltaic panels at three sites in Romania, specifically in Dragomirești, Popești-Leordeni, and Covasna. The project represents a local investment of USD 2.1 million in over 3,000 photovoltaic panels, with a combined installed capacity of 1,700 kWp and the potential to generate over 1,300 […]

SkyShowtime announces first partnership in CEE with Digi Romania

Romania’s leading telecommunications operator Digi will launch the full SkyShowtime service, including the two premium linear channels SkyShowtime 1 HD and SkyShowtime 2 HD, to its digital TV customers. According to the two companies, this is SkyShowtime’s first B2B partnership in Central and Eastern Europe. To mark the launch, Digi will make SkyShowtime available to […]

Weekend calendar: Art Battle Bucharest, Palm Sunday fairs, Gaudeamus Cluj and more

Palm Sunday and Easter fairs are open across the country, while in Bucharest the public can attend the events of Open Street or a jazz concert by New Yorkers Nat Osborn and Mike Parker.  In Bucharest: Art Battle Bucharest April 27 ...

Romanian real estate developer Nusco takes EUR 31 mln loan from OTP Bank

Nusco Imobiliara, part of the Nusco group controlled by Italian family Nusco in Romania, contracted a EUR 31.4 million loan from OTP Bank Romania to develop the second stage of Nusco City, the bank announced. The funds will finance the development of three of the seven buildings included in the second development stage. The second […]

Ahold Delhaize opens technology hub in Romania

Belgium retail group Ahold Delhaize, which operates Romanian retail chain Mega Image, announced it is opening a technology hub in Bucharest, where it plans to hire 250 experts to develop applications for all the group’s brands in Europe. “This technology hub will bring together the best IT&C specialists to develop innovations that serve consumers of […]

EC urges Romania to pay its bills to independent pharmacies on time

The European Commission announced that it initiated an infringement procedure against Romania because the country fails to pay its bills to independent pharmacies in a timely manner. This puts financial pressure and risks pushing into bankruptcy independent pharmacies, the EC says. The commission decided to send Romania a letter of delay due to public health […]