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ECONOMICS

Sibiu and Timisoara, top priorities for investors in Romania

2017-03-30 16:13:47
Sibiu and Timisoara are top priorities for investors who are interested to come to Romania, as revealed by the fifth edition of Cities of Tomorrow conference, organized by the German-Romanian Ch...

ENERGY

Gas prices liberalization in Romania to start in April

2017-03-30 15:11:07
The Minister of Energy announced that the prices for domestic gas will go through a liberalization process starting April 1, with no technical reasons to postpone it, as Minister Toma Petcu said...

ECONOMICS

Toyota recalls 2.9 million vehicles globally over airbags issues

2017-03-30 11:58:23
Toyota Motor Corp said it was recalling a total of about 2.9 million vehicles in Japan, China, Oceania and other regions including its Corolla Axio sedan and RAV4 SUV crossover due to potentiall...

POLITICS

Romania to develop economic component of the strategic partnership with US

2017-03-30 10:32:07
Prime Minister Sorin Grindeanu and the Cabinet members had a meeting with the members of the fifth annual economic mission in Romania of the American-Romanian Business Council (AMRO).

ECONOMICS

Debate on digital economy at Cluj Innovation Days 2017

2017-03-30 09:55:37
About 40 specialists in various domains of digital economy debate its future at Cluj Innovation Days 2017. For two days, on March 30 and 31, the regional forum will be the epicentre of this fiel...

ECONOMICS

Faurecia opens its fifth plant in Romania

2017-03-30 09:29:12
Faurecia inaugurates group's fifth facility in Romania after an eight million Euro investment that will generate around 900 jobs in Arges County at Cateasca.

ECONOMICS

Nestle Romania announces the highest turnover in the last eight years

2017-03-28 15:49:21
Last year, Nestle Romania registered the highest turnover since 2008 and the highest growth in the region, a press release shows.

ECONOMICS

Samsung to sell refurbished Galaxy Note 7s

2017-03-28 11:26:31
Samsung said that it plans to sell refurbished versions of the Galaxy Note 7 smartphones, the model pulled from markets last year due to fire-prone batteries, according to Reuters.

ECONOMICS

Alro registered a net profit of 67 million RON in 2016

2017-03-28 10:59:29
Alro, the largest aluminium producer in Continental Europe (excluding Russia and Scandinavia), registered a net profit of 67 million RON (14.8 million Euro) in 2016, compared to a net loss of 24...

REAL ESTATE

Helios Phoenix extends on Romanian market by acquiring Millenium Logistic Park

2017-03-27 13:02:57
Greek developer Helios Phoenix extends its Romanian portfolio by acquiring Millenium Logistic Park. The industrial park located in Popesti Leordeni with 12,000 sqm of warehouses will be renamed ...

POLITICS

NATO to spend three billion Euro on cyber defence

2017-03-27 12:28:34
NATO plans to spend three billion Euro to upgrade its satellite and computer technology over the next three years as the Western military alliance adapts to new threats, a senior official said, ...

REAL ESTATE

Office stock to increase by 350,000 sqm this year, says Colliers

2017-03-24 15:25:46
Romanian office market registered last year the highest rate of deliveries in the last seven years, and the upward trend will continue in 2017. This year, the stock of office spaces will increas...

ECONOMICS

VIG profit doubled to around 407 million Euro last year

2017-03-24 12:14:32
Vienna Insurance Group (VIG) profit before taxes more than doubled to around 407 million Euro last year, according to preliminary figures for 2016.

ENERGY

Enel to invest 329 million Euro in Romania in 2017-2018

2017-03-24 09:40:05
Enel has planned investments for a total of 329 million Euro for the current regulatory cycle ending in 2018, of which of over 151 million Euro are due for 2017 and 178 million Euro for 2018.

ECONOMICS

Commissioner Cretu underscores need for monitoring implementation of major projects in Romania

2017-03-22 14:27:30
European Commissioner for Regional Policy Corina Cretu welcomed Romania's Minister of Research and Innovation Serban-Constantin Valeca in Brussels to discuss the latest developments in the imple...

ECONOMICS

Uber to launch carpool service in Romania by 2020

2017-03-22 12:07:00
Uber Romania said that the app reached 250,000 users in 2016, three times higher than the launch in February 2015, with Romania ranking second in Central and Eastern Europe after Poland in terms...

ECONOMICS

BMW Group explores Romanian IT industry opportunities

2017-03-22 09:45:50
BMW Group officials have come to Romania to start discussions about collaboration with IT&C companies to provide software solutions for BMW.

ECONOMICS

Illegal logging in Romania reduces in 2016

2017-03-21 14:12:56
Preliminary data in a 2016 report on Romania's forestry indicate that illegal logging was down in 2016, said the Romanian Ministry of Water and Forestry (MAP), according to Agerpres.

REAL ESTATE

Investors pour more money into the booming CEE hotel industry, says Cushman & Wakefield

2017-03-20 16:13:46
The investment volume achieved in 2016 totalled almost 1.2 billion Euro with 46 transactions recorded in core CEE hotel investment markets, while in 2015 reached just over 700 million Euro with ...

REAL ESTATE

S IMMO AG completes the first phase of Sun Plaza remodelling

2017-03-20 15:52:54
S IMMO AG completes the first part of the remodelling process for Sun Plaza shopping centre in Bucharest. On March 23rd, the newly reconfigured area within Sun Plaza will open to the public, hos...

ECONOMICS

Alison Hayes concentrates in-house production in Buzau, services in Urziceni

2017-03-17 13:00:36
Alison Hayes is reorganizing its business processes in Romania, to improve the production and logistics functions in an operationally more efficient way to better meet demand from its customers....

REAL ESTATE

AFI Europe Romania reached 46 million Euro net operating income in 2016, 15.5 per cent up compared to 2015

2017-03-15 15:26:01
The Romanian subsidiary of real estate company AFI Europe announced a 46 million Euro net operating income in 2016, up 15.5 per cent against the previous year, according to company data.

REAL ESTATE

DTZ Echinox rebrands as Cushman & Wakefield Echinox

2017-03-14 15:17:01
Cushman & Wakefield, a leading global real estate services firm, has signed an exclusive arrangement with DTZ Echinox as its affiliate in Romania. The formal affiliate appointment follows the 20...

AGRIBUSINESS

Agricover Credit IFN reached 22 million RON net profit last year, 28 per cent up compared to 2015

2017-03-14 14:05:12
Agricover Credit IFN, the non-banking financial institution specializing in financial services in agriculture, announced the net profit registered last year is worth 22 million RON (4.8 million ...

REAL ESTATE

Sonae Sierra reached over 180 million Euro net profit in 2016

2017-03-13 16:23:55
Sonae Sierra, the international property company dedicated to dedicated to retail real estate development, recorded a net profit of 181 million Euro in 2016, compared to 142 millione Euro in 201...

ENERGY

ACUE pleads for gradual deregulation of natural gas purchase prices for population and CETs

2017-03-10 10:17:17
The Federation of Associations of Energy Utility Companies (ACUE) fully supports the liberalization of the gas market in Romania only with the necessary elements to ensure its functioning transp...

REAL ESTATE

Commercial property investments in Romania exceeded 850 million Euro last year, says DTZ

2017-03-09 13:54:33
In 2016, the total volume invested in commercial property in Romania exceeded 850 million Euro, a DTZ Echinox report shows. Bucharest attracted 660 million Euro, which represents 77 per cent of ...

ECONOMICS

Demand for sustainable development increased significantly throughout 2016, says BuildGreen

2017-03-09 12:35:25
BuildGreen, Romania's development, design and green building certification company, ended the year 2017 with a portfolio increase of over 100 per cent, surpassing the level of 2,7 million sqm of...

ECONOMICS

EU funds worth 90 million Euro to develop Romanian spa sector

2017-03-09 11:48:38
The spas of Romania must be promoted as major interest destinations for the citizens of all European countries, and the 90 million Euro allocation from the European Union for 2014 - 2020 could d...

APPOINTMENTS

Action Global Communications appoints Chris Christodoulou as new CEO

2017-03-07 12:00:17
Action Global Communications has announced the launch of the agency's new corporate identity, now being led by its new CEO, Chris Christodoulou, who has taken over from the group's founder Tony ...

ECONOMICS

Eurostat: Romania registers lowest pay gap between men and women in management positions

2017-03-06 14:13:29
In each European Union member state, male managers won in 2014 more than women in management positions, but the lowest pay gap was registered in Romania, show the data of the European Statistics...

REAL ESTATE

The Bridge to host the biggest restaurant within an office building in Bucharest, says DTZ

2017-03-06 13:31:18
The Bridge business centre, developed by Forte Partners, will host Boutique Food Hall, the biggest restaurant within an office building in Bucharest, with an area of over 1,000 sqm, following a ...

ECONOMICS

ALD Automotive to launch fleet management app in Romania

2017-03-06 12:22:41
French-based ALD Automotive Romania, one of the largest operational leasing and fleet management companies on the local market, launches new mobile and web solution for fleet managers, a press r...

ECONOMICS

BRUA pipeline to operate in 2020 when Exxon, Petrom will extract Black Sea gas

2017-03-06 11:10:02
The works at the BRUA (Bulgaria - Romania - Hungary - Austria) pipeline will start at the end of 2017, and the gas pipeline will turn operational in 2020, when ExxonMobil and OMV Petrom will com...

ECONOMICS

PSA pays GM 2.2 billion Euro for Opel

2017-03-06 10:28:53
PSA Group has agreed to buy Opel from General Motors in a deal valuing the business at 2.2 billion Euro, creating a new regional car giant to challenge market leader Volkswagen, Reuters news rea...

ECONOMICS

Telekom Romania posted adjusted EBITDA of 175 million Euro for entire 2016

2017-03-02 12:55:06
Telekom Romania Communications and Telekom Romania Mobile Communications announced key performance indicators in fourth quarter 2016, ended December 31, 2016, as reported today by OTE Group. Tel...

REAL ESTATE

ESOP Consulting assisted Harman International on a lease agreement for 7,700 sqm in Metroffice

2017-03-02 12:31:38
American company Harman, designing and engineering connected products and solutions for automakers, consumers and enterprises worldwide, signed a lease agreement for 7,700 sqm in Metroffice, the...

ECONOMICS

Romania Green Building Council launches recommendations for the National Renovation Strategy

2017-03-01 16:06:24
Romania Green Building Council launches a set of recommendations for Romania's new National Renovation Strategy, that the Romanian Government should present to the European Commission by end of ...

APPOINTMENTS

Praktiker Romania appoints new general manager

2017-03-01 12:39:54
Miroslaw Huczek has been appointed new general manager of Praktiker Romania, starting March 2017, a press release shows.

ECONOMICS

Government willingness to move Hidroelectrica IPO forward as quickly as possible, says Greg Konieczny (FP)

2017-03-01 10:47:35
Romanian Government is willing to move the Hidroelectrica IPO process forward as quickly as possible, according to Greg Konieczny, portfolio manager of Fondul Proprietatea and executive vice pre...

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Read in the Print Edition
Sneak peek into energy's future

In the light of the new National Strategy currently being debated, where Romania faces new challenges regarding the energy market, The Diplomat - Bucharest organized in late November the "Investments for ensuri...

Romania, Czech investors' reliable partner

Romania is not inch-perfect, but it still counts as a good destination on the foreign investor's map, as confirmed by the Czech community present at the second edition of the roundtable "Czech Investments in Ro...