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ECONOMICS

Groupe Renault launches energy stationary system from electric vehicle batteries in Europe

2018-09-25 16:01:04
Groupe Renault announced today the launch of Advanced Battery Storage, a stationary storage system for energy developed exclusively from EV batteries.

REAL ESTATE

Crosspoint assisted land transaction for 8,000 sqm residential project in Bucharest

2018-09-24 14:35:27
The real estate consultancy company Crosspoint Real Estate has assisted the sale of a land plot by a private investor to an entrepreneurial group with full Romanian ownership. Crosspoint represe...

ECONOMICS

Fondul Proprietatea concerned about draft proposing exemption of state-owned companies from corporate governance

2018-09-24 14:06:02
Fondul Proprietatea expresses significant concerns about a new legal draft, currently discussed in the Commitees of the Chamber of Deputies, which proposes the exemption of 100 major state-owned...

POLITICS

President Iohannis to attend UN General Assembly in New York

2018-09-24 12:22:28
Romanian president Klaus Iohannis will be in New York until Friday to attend the 73rd General Assembly of the United Nations.

APPOINTMENTS

Coldwer Banker Romania appoints Georgia Cailean as new CEO

2018-09-24 11:25:33
Coldwell Banker Romania has appointed Georgia Cailean as new CEO. Georgia Cailean is a member of the Royal Institution of Chartered Surveyors, specializing in Corporate Real Estate, Property & F...

ENERGY

Transelectrica accelerates investments to increase the energy system safety in Dobrogea

2018-09-21 16:03:20
The National Power Grid Company Transelectrica marked the completion of the second stage of the project of rehabilitation of the Station Transformation 400/110/20 kV Tulcea West.

REAL ESTATE

CTP: smart expansion in a growing market

2018-09-21 11:49:14
CTP, the most dynamic logistics and industrial parks developer in the country, will soon become a "millionaire" in square meters of premium logistics space. The company experienced a spectacular...

ENERGY

New regulations adopted by ANRE will have a strong negative impact on consumers and endanger 4.500 jobs, says ACUE

2018-09-20 12:02:31
The electricity distributors members of the Federation of Associations of Energy Utility Companies (ACUE) are deeply concerned about the negative impact on networks and consumers of the methodol...

POLITICS

President Iohannis: Interconnection projects revealed at Three Seas Initiative summit are a top level political signal

2018-09-18 16:32:31
The list of priority interconnection projects presented within the Summit of the Three Seas Initiative is "a top level political signal", on Tuesday stated Klaus Iohannis, in a news conference a...

APPOINTMENTS

European Property Federation elects Liviu Tudor as new President

2018-09-18 12:33:39
The European Property Federation Managing Committee elected Liviu Tudor, CEO of Genesis Property and President of the Romanian Association of Building Owners, as President of EPF.

ECONOMICS

Romania gets 450 million Euro loan from EIB for rural development programme

2018-09-17 11:51:41
The European Investment Bank (EIB) is lending 450 million Euro to Romania to finance its national contribution to the implementation of the Romanian Rural Development Programme (RDP) together wi...

POLITICS

Ambassador Klemm: Women are directly affected by digital exclusion

2018-09-17 11:37:44
Women are directly affected by digital exclusion, US Ambassador to Bucharest Hans Klemm said Monday at the opening of the Digital Romania International Forum.

APPOINTMENTS

CTP appoints Richard Wilkinson as new chief financial officer

2018-09-14 11:34:09
CTP announced the appointment of Richard Wilkinson as Chief Financial Officer (CFO) for the Group. He will be working closely with Remon Vos, CTP's CEO, and Andreea Odovinca, the company's CFO f...

INVESTMENTS

Romanian companies can get 50,000 USD to do business in the US through the Smart Start USA programme

2018-09-13 14:28:40
Smart Start USA, a programme that will officially start in September 2018, aims to ease access for 10,000 small and medium Romanian companies and entrepreneurs annually on the North American mar...

REAL ESTATE

The office stock in the major Romanian regional cities has doubled over the past five years

2018-09-13 14:01:34
The office stock in the major regional cities - Cluj-Napoca, Timisoara, Iasi and Brasov - has doubled over the past five years and will continue to grow at an accelerated pace, being expected to...

ECONOMICS

Romania's IT market sees small growth in 2017

2018-09-13 13:52:45
Romania's domestic software and IT services market recorded a growth of only 2.1 per cent in 2017, to 975 million Euro, according to ANIS.

APPOINTMENTS

Deloitte Romania promotes new directors for its management team

2018-09-13 13:38:12
Deloitte Romania strengthens its management team by promoting Monica Guminski and Alexandru Aparaschivei to director roles, following their significant achievements serving clients, developing c...

ECONOMICS

Romania could remove special excise on fuels

2018-09-12 14:47:32
Romania's Finance Ministry could remove the special excise on fuel, according to the minister Eugen Teodorovici, cited by Mediafax.

ECONOMICS

Romanian bank to change name after takeover

2018-09-12 14:35:19
U.S. investment fund J.C. Flowers is preparing to change the name of local lender Piraeus Bank, which they acquired at the end of last year from Greek group Piraeus.

APPOINTMENTS

McGuireWoods Consulting appoints Codrin Scutaru as new managing director for Romanian office

2018-09-11 15:30:00
McGuireWoods Consulting announced the promotion of Codrin Scutaru to managing director of the firm's Romania office.

ECONOMICS

Startup co-founded by Romanian to turn unicorn

2018-09-11 11:15:12
Branch, a deep linking startup in the U.S. co-founded by Romanian Madalina Seghete, will reach a valuation of 1 billion USD after a 129 million USD financing round, according to techcrunch.com....

ECONOMICS

OTP Asset Management Romania launches open-end investment fund with exposure to the global real estate market

2018-09-11 10:57:50
OTP Asset Management Romania launched the OTP Real Estate & Construction (OTP REC) fund to offer international exposure on the real estate and construction market.

ECONOMICS

Romania's annual inflation rate rises again in August

2018-09-11 10:41:05
Romania's annual inflation rate, which reflects the increase in consumer prices over the last 12 months, spiked again in August, reaching 5.1 per cent.

ENERGY

OMV optimistic on approving billion-euro investment in Romania soon

2018-09-10 11:59:44
Austria's OMV is confident Romania will establish an acceptable framework for its Black Sea exploration project in the autumn and that it will be able to give the green light for a billion-euro ...

POLITICS

New Government reshuffle in Romania to take place in October

2018-09-10 11:38:30
A new reshuffle of the Government is supposed to take place in early October, according to the Socialist-Democrat Party (PSD) Liviu Dragnea. He said that, together with the Prime Minister Vioric...

INVESTMENTS

Brasov County Council to invest 22 million Euro in new airport terminal

2018-09-07 12:01:33
The Brasov County Council will invest 22 million Euro in building the passenger terminal of the future Brasov-Ghimbav international airport.

APPOINTMENTS

Surprising change in Dacia leadership: Jerome Olive becomes new general manager

2018-09-06 11:20:46
Starting September 2018, Jerome Olive has become the new general manager of Automobile Dacia and Groupe Renault Romania, after Antoine Doucerain resigned for personal reasons. Jerome Olive's man...

ENERGY

Intersport brand opened a store In Iulius Mall Iasi

2018-09-04 14:47:55
International sporting goods brand Intersport recently opened a store in Iulius Mall Iasi. Located on the second floor of the mall, the store spans on approximately 860 sqm and will complete the...

ENERGY

MET Group completes RWE Energie Romania takeover

2018-09-04 14:28:50
Met Group is now the official owner of RWE Energie Romania after the successful completion of the company's share purchase transactions. This new acquisition strengthens the group's position on ...

ECONOMICS

International Business Forum stimulates Romanian entrepreneurs to expand abroad

2018-09-03 17:07:58
The Ministry of Business, Commerce and Entrepreneurship organized an International Business Forum on August 30 and 31 at the Parliament Palace, with over 800 participants. The aim of the action ...

APPOINTMENTS

Stefanini appoints Anca Fotache as EMEA director for Service Delivery division

2018-09-03 15:41:13
Anca Fotache is the new director of the Service Delivery division for the EMEA region within IT solutions company Stefanini, replacing Andreea Stanescu, who has held this position for seven year...

ENERGY

E-Distributie Banat to award 23 million Euro contract for grid works

2018-09-03 10:58:48
E-Distributie Banat will award, by public tender, a multi-services contract for works on the medium voltage and low voltage lines of the electricity distribution grids, and back-office operation...

ECONOMICS

Black Sea Trade and Development Bank gives 40 million Euro loan to Alpha Bank Romania

2018-08-30 12:34:34
The Black Sea Trade and Development Bank (BSTDB) is increasing the availability of financing to small and medium enterprises (SMEs) in Romania with a 40 million Euro SME Facility to Alpha Bank R...

REAL ESTATE

Atria Urban Resort, new residential project with 1,400 apartments near Straulesti Lake in Bucharest

2018-08-30 11:42:15
Straulesti Lac Alfa SA, a company owned by SIF Moldova and Cityring Property announces the development of a large-scale residential village with 1,400 apartments set in four phases up to 2023, f...

ENERGY

Transgaz to complete Vestmoldtransgaz takeover next week

2018-08-27 15:13:21
Transgaz's takeover of Vestmoldtransgaz will be completed the following week, after the suspensive clauses of the privatization contract are closed.

INVESTMENTS

Nokia lands 500 million Euro for 5G research

2018-08-27 15:04:38
Nokia signed a 500 million Euro loan transaction with the European Investment Bank (EIB), supported by the European Fund for Strategic Investments (EFSI). Nokia will use the loan to further acce...

INVESTMENTS

U.S. Air Force to invest 40 million USD in Romanian air base

2018-08-27 12:24:12
The U.S. Air Force plans to spend about 40 million USD on new construction and base improvements at the 71st Air Base in Campia Turzii, in Romania's Cluj county, Defensenews.com reported.

POLITICS

President Iohannis to hold CSAT meeting on September 4 for budget revision

2018-08-24 15:02:55
Romanian president Klaus Iohannis has summoned on September 4 the members of the Supreme Council of National Defence (CSAT) to approve the budget revisions for institutions handling national sec...

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REAL ESTATE

Developers to deliver 380,000 sqm of new offices in Bucharest next year

2018-08-24 12:38:59
Real estate developers will deliver 224,000 sqm of new office space in Bucharest this year, 84 per cent of these spaces being scheduled to open in the second half.

1 Comment

REAL ESTATE

European shopping centre completions fall 23 per cent as focus shifts to quality of space, says C&W Echinox

2018-08-23 14:02:44
The rate of shopping centre development in Europe is slowing, with completions down 23 per cent year-on-year at 3.8 million sqm 2017, according to Cushman & Wakefield's latest European Shopping ...

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Romanian Energy Awards 2018: Celebrating Excellence

The Diplomat - Bucharest celebrated performance and exceptional accomplishments in the Romanian energy field, awarding 17 performers in both conventional and renewable energy, with the seventh annual event brin...