about us | newsletter | contact | archive | members area
CORNELIU BODEA, CRE
We are in charge of coordinating the energy sector and by June we will announce a plan w»
  What´s New      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   GREEN   |   INFRASTRUCTURE   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

ECONOMICS

New law on ports administration would be very damaging for Romanian state budget, Fondul Proprietatea says

2017-05-24 14:00:47
Fondul Proprietatea is concerned by the renewed steps to approve the draft law amending the Government Ordinance on ports administration, which was re-examined and approved through an emergency ...

ECONOMICS

Vienna Insurance Group posts profit of 110 million Euro in Q1

2017-05-23 10:58:47
Vienna Insurance Group reported a profit before taxes of around 110 million Euro in the first quarter of 2017, according to a press release.

ECONOMICS

Eberspaecher forecasts slight increase in revenue for 2017

2017-05-16 15:44:04
The German automotive supplier Eberspaecher forecasts sustained positive income development with a slight increase in revenue for 2017, a press release shows.

REAL ESTATE

Liberty Center reached 70 per cent occupancy rate in the last six months

2017-05-16 10:10:26
The occupancy rate in Liberty Center Shopping Mall reached a level higher than 70 per cent in the last six months, after attracting new tenants for 18 per cent of the shopping centre's area, dat...

REAL ESTATE

Land transactions volume reached record high last year in Bucharest, says C&W Echinox

2017-05-10 16:15:17
Last year, in Bucharest the total land area transacted was of 110 ha, the highest volume recorded in the last ten years, according to C&W Echinox. In terms of value, land transactions amounted 1...

APPOINTMENTS

Teraplast appoints Mirela Pop as new CEO

2017-05-10 14:18:53
Teraplast Group, the largest PVC processor in Romania and one of the leading manufacturers of materials for construction and installation market, is having starting with May 9th, 2017 a new Chie...

ECONOMICS

Austria holds over 14 per cent of all foreign investments in Romania

2017-05-09 16:36:24
The Austrian investors see Romania as an excellent investment destination and the largest market in the South-Eastern Europe, according to Gerd Bommer, the Austrian Embassy Commercial Counsellor...

ECONOMICS

UPC Romania posts six per cent increase in Q1 revenues

2017-05-08 16:52:44
UPC Romania, part of Liberty Global group, has seen an increase of six per cent in terms of revenues in Q1 2017, up to 178.4 million RON (39.6 million Euro), a press release shows.

REAL ESTATE

Bucharest total office space take-up reached 100,000 sqm in Q1

2017-05-08 15:56:17
Q1 2017 saw class A & B take-up reach approximately 97,300 sqm, according to Knight Frank Romania. There were 9,550 sqm delivered in two projects in CBD (Central Business District), and the aver...

ECONOMICS

Borza: Hidroelectrica would get one billion Euro for listing on the stock exchange

2017-05-08 15:33:10
Hidroelectrica could get one billion Euro from listing on the stock exchange if the process would run this year, but the funds should go to the state budget, as the energy producer does not need...

ENERGY

Mol Group net profit up by 24 per cent to 323 million Euro in Q1

2017-05-05 13:10:00
Mol Group announced its financial results for Q1 2017, with net profit up by 24 per cent year-on-year to 323 million Euro. In the first quarter, all business segments (upstream, downstream, cons...

ECONOMICS

Erste Group posts net profit of 262 million Euro after Q1

2017-05-05 10:09:18
Erste Group registered a net profit of 262.2 million Euro after the first quarter of 2017, a press release shows.

ECONOMICS

Business Lease Romania opens its first regional centre in Cluj-Napoca

2017-05-04 16:20:47
Business Lease Group, a Dutch company specializing in providing full mobility solutions to companies in Central and Eastern Europe, opens a new operational centre in Cluj. This expansion aims to...

ECONOMICS

Faurecia to develop interior and safety technologies for self-driving cars

2017-05-04 10:57:24
French car parts supplier Faurecia said it signed a partnership agreement with German company ZF to develop interior and safety technologies for self-driving cars, according to Reuters.

ECONOMICS

UPS generates 6.2 per cent revenue growth in Q1

2017-05-03 12:33:57
UPS announced first-quarter 2017 operating results with revenue growth across all segments. The company improved earnings per share by 3.9 per cent versus the same period in 2016. The improved...

APPOINTMENTS

Gerke Witteveen, CFO of NN Life Insurance, is the new president for Netherlands Romanian Chamber of Commerce

2017-05-03 12:14:57
The Netherlands Romanian Chamber of Commerce (NRCC) Board of Directors appointed as its new president Gerke Witteveen, CFO of NN Life Insurance, a longstanding member of the NRCC.

ECONOMICS

Apple posts fall in iPhones sales

2017-05-03 11:16:42
Apple Inc reported a fall in iPhone sales for the second quarter, indicating that customers had held back purchases in anticipation of the 10th-anniversary edition launch of the company's most i...

ECONOMICS

Oltchim achieved 2.2 million Euro gross profit in Q1 2017

2017-05-03 10:39:31
The consortium of legal administrators formed by Rominsolv SPRL and BDO Business Restructuring SRL together with the executive management of the company and the special administrator informs tha...

ECONOMICS

IMF approves second loan tranche to Moldova

2017-05-02 14:17:06
The International Monetary Fund said its board has approved the disbursement of a second loan tranche to Moldova worth 21.5 million USD, according to Reuters.

ECONOMICS

TotalSoft appoints Yusuf Onder Eren as CEO

2017-05-02 12:08:52
TotalSoft, one of the leading software providers in Romania, announces the appointment of Yusuf Onder Eren as Chief Executive Officer, to drive the company's international development, as well a...

REAL ESTATE

Logistics and industrial spaces close to full occupancy in Q1

2017-05-02 11:35:29
Vacancy rate for logistics and industrial spaces in Bucharest is close to zero, with low deliveries of new projects and high demand in the first quarter. According to data from JLL Romania, only...

ECONOMICS

Ratio between pensioners and employees could double by 2032 as compared to 2014, pension fund manager says

2017-04-28 12:38:12
The ratio between pensioners and employees could double by 2032 as compared to 2014, which will cause problems in covering the necessary pension payments by the employees for those who enter the...

ENERGY

Damages to electricity networks caused by severe weather conditions do not increase the distribution tariffs, says ACUE

2017-04-27 16:40:08
Lately, Romania confronted with extreme, unpredictable meteorological phenomena that have caused major damages, in large areas, to electricity distribution networks.

ECONOMICS

Orbis turnover increased to 62 million Euro in Q1

2017-04-27 15:57:46
The Orbis Hotel Group turnover increased by 4.4 million Euro in Q1 2017 up to 62 million Euro, a press release shows. Group's EBITDA in the first quarter totalled 8.9 million Euro, representin...

ECONOMICS

Deloitte Romania appoints Alexandru Reff as new country managing partner

2017-04-27 14:59:33
Alexandru Reff has been appointed country managing partner Deloitte Romania and Moldova, effective June 1, 2017. He will succeed Ahmed Hassan, who takes on a regional leadership position.

REAL ESTATE

Cushman & Wakefield Echinox expands its retail department with new appointment

2017-04-26 14:52:57
Cushman & Wakefield Echinox consolidates its retail team by recruiting Dana Radoveneanu, a specialist with six years of experience of the local retail market, a press release shows.

ECONOMICS

Banca Transilvania posts 246 million RON profit in the first quarter of 2017

2017-04-26 09:39:26
Banca Transilvania's net profit is 246 million RON (54.6 million Euro) for the first quarter of 2017, whereas Banca Transilvania Financial Group's net profit amounts to 267 million RON (59.3 mil...

ECONOMICS

Greg Konieczny, FP: We really need a miracle to think about Hidroelectrica's IPO this year

2017-04-25 15:45:26
There are some good news and some bad news about Hidroelectrica lately, according to Greg Konieczny, director of Fondul Proprietatea, who said in a press meeting that 'we really need a miracle t...

ECONOMICS

PM Grindeanu: Income tax applied in other countries, we are not reinventing the wheel

2017-04-25 09:58:12
Prime Minister Sorin Grindeanu stated on Monday evening at a private TV broadcaster that he expects a final draft of the income tax project so that he can decide, but underlined that this type o...

ENERGY

Electrica to repair its damaged power grid in the next 48 hours, 25,000 consumers still affected by power outage

2017-04-24 15:10:08
Due to severe weather conditions (rain, snow and strong wind) in the south-eastern counties of Romania on April 20, 2017, Electrica had several power grid failures within its group. The most aff...

ECONOMICS

Merger between Banca Comerciala Carpatica and Patria Bank approved by Bucharest Court of Appeal

2017-04-24 10:35:21
Bucharest Court of Appeal approved on April 21, 2017 the merger file between Banca Comerciala Carpatica and Patria Bank, allowing to the two banks to complete all the procedural and operational ...

ENERGY

Mol Romania appoints new CFO

2017-04-24 10:03:25
Zoltan Magyar has taken over as CFO of Mol Romania since beginning of March this year. Since 2014 Zoltan has held several positions (CFO, managing director) within Mol Kalegran Ltd., an upstream...

ENERGY

Enel enters the Romanian gas supply market for residential customers

2017-04-24 09:42:30
Enel announces the entrance on the Romanian gas supply market, with offers designed to offer ease of use and predictability for residential customers, who can now benefit from having a single su...

ECONOMICS

Mol Group approves dividend and share split

2017-04-14 09:31:25
Mol Group held the Annual General Meeting in Budapest, where shareholders approved the report of the Board of Directors regarding finances for the year 2016 and approved consolidated financial s...

ECONOMICS

PM Grindeanu: Insolvency seems to have become national sport

2017-04-13 19:13:42
Prime Minister Sorin Grindeanu has asked the Finance Ministry and the National Tax Administration Agency (ANAF) to come up, by May 15, with a careful analysis of the state of affairs over the pa...

ECONOMICS

Airbus Helicopters and IAR sign exclusive agreement for H215M in Romania

2017-04-13 17:36:39
Airbus Helicopters and IAR have signed an exclusive cooperation agreement for the heavy twin engine H215M multi-role helicopter. IAR will become the prime contractor for the H215M for any future...

ECONOMICS

ALD Automotive to launch leasing product for electric and hybrid vehicles in Romania

2017-04-13 14:24:50
French-based ALD Automotive Romania, one of the largest operational leasing and fleet management companies on the local market, launches first operational leasing product for electric and hybrid...

APPOINTMENTS

Manuela Ciugudean-Toma is the new marketing and communication leader for PwC in South-Eastern Europe

2017-04-12 16:35:58
Manuela Ciugudean-Toma joined PwC and will coordinate the marketing teams in 11 countries in South-Eastern Europe. She will be responsible for developing an integrated PwC marketing and communic...

ECONOMICS

Government to approve decentralisation strategy, says PM Grindeanu

2017-04-12 10:23:21
Prime Minister Sorin Grindeanu said the Government on Wednesday will approve a decentralisation strategy, adding that all the objectives that can be assigned to the management of the local admin...

ECONOMICS

Intrarom and Genesys receive Best Use of Technology award

2017-04-11 17:13:06
Intrarom, the Romanian subsidiary of Intracom Telecom, announced today that it has received the "Best Use of Technology Award - for Raiffeisen Bank" jointly with Genesys.

advertising

advertising

advertising

Most read Daily Info
» Retail market in 2017 to be dominated ...
» Intrarom and Genesys receive Best Use ...
» Manuela Ciugudean-Toma is the new mark...
» PM Grindeanu: Insolvency seems to have...
» Iohannis: We are and will be next to o...
» ALD Automotive to launch leasing produ...
» Government-run companies post aggregat...
» Airbus Helicopters and IAR sign exclus...
» Government to approve decentralisation...
» Mol Group approves dividend and share ...
Read in the Print Edition
Digital Banking and Insurance Conference - opportunities and threats for the financial sector

Digitalization is radically transforming the banking and insurance industries, enabling new products, services and business models. This transformation will take time to complete, forcing banks and insurance co...

Thermal Energy Forum - Can Romania stand the heat?

The European Commission presented a package of measures to keep the European Union competitive as the transition to clean energy is changing global energy markets By Petre Barac