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ECONOMICS

The Romanian labour market needs a well-thought approach, says FIC

2018-11-16 14:06:56
The Foreign Investors Council (FIC) has signaled in the past 2-3 years that its members are anticipating increasing strains on the Romanian labour market because starting with 2015-2016 their me...

ENERGY

Romgaz posts a net profit of 1.02 billion RON in the first nine months of 2018

2018-11-15 13:55:01
Romania's natural gas company Romgaz posted a net profit of 1.02 billion RON in the first nine months of 2018, a decrease of 14 per cent compared to the year-ago period. Total revenue stood at 3...

ENERGY

Black Sea Oil & Gas and Transgaz sign 15-year contract for the MGD Project gas production transmission into the NTS

2018-11-09 14:25:11
Transgaz and Black Sea Oil & Gas signed the gas transmission contract for the transport of the Midia Gas Development Project (MGD Project) production into the National Transmission System (NTS)....

REAL ESTATE

Almost 90 per cent of industrial and logistics stock is condensed in cities with highway access, says C&W Echinox

2018-11-08 13:28:32
Romania's industrial and logistics market is currently benefitting from its best period in history, both in terms of supply and demand, with development being condensed in a number of large citi...

APPOINTMENTS

Violeta Luca is the new general manager of Microsoft Romania

2018-11-06 11:20:09
Microsoft announces the appointment of Violeta Luca as general manager for operations in Romania starting in November this year. She joined Microsoft Romania for the first time in February 2015 ...

ECONOMICS

EBRD cuts economic growth forecast for Romania

2018-11-02 13:16:19
Romania's economy will grow by 4.2 per cent this year and by 3.6 per cent in 2019, according to the most recent forecast released by the European Bank for Reconstruction and Development (EBRD)....

ENERGY

MOL Group posts 835 million USD profit for the first nine months of 2018

2018-11-01 12:04:51
MOL Group announced its financial results for the third quarter of 2018. With a net profit of 323 million USD in Q3, the company reached a profit of 835 million USD for the first nine months of ...

ENERGY

Corina Popescu is the new CEO of Electrica

2018-10-16 09:52:13
The Board of Directors of Electrica, one of the most valuable companies where the state is the main stakeholder, has agreed to end the collaboration with its CEO Dan Catalin Stancu starting Nove...

REAL ESTATE

Skanska delivers the first building of the Campus 6 office project in Bucharest

2018-10-12 14:38:41
Skanska inaugurates Campus 6.1, the first completed building in Campus 6, a project that marks the expansion of Skanska Romania in the Center - West area of the capital.

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ECONOMICS

ArcelorMittal receives binding offer for European assets from Liberty

2018-10-12 14:26:57
British-owned Liberty announced a conditional agreement to buy four European steel plants, employing more than 12,500 people.

REAL ESTATE

Crosspoint Real Estate appointed exclusive sale agent for H Pipera Lake residential project in northern Bucharest

2018-10-01 11:32:32
Crosspoint Real Estate has been appointed exclusive agent for the sale of the units in H Pipera Lake residential project, developed by Hagag Development Europe.

REAL ESTATE

Belgian real estate developer WDP to launch new 75 million Euro projects in Romania

2018-10-01 10:55:11
WDP kicked off its Investor Day in Romania by announcing an additional investment volume of around 75 million Euro, amounting to some 130,000 sqm in property, both through new development projec...

REAL ESTATE

Immofinanz closes sale of the 26 per cent investment in CA Immo for 758 million Euro

2018-09-27 14:11:07
Immofinanz has closed the package sale of its roughly 26 per cent investment in CA Immo to SOF-11 Starlight S.a r.l., a member company of the Starwood Capital Group (Starwood).

INVESTMENTS

New Brasov airport terminal to cost 22 million Euro

2018-09-27 13:56:08
Local authorities have announced plans to hold a tender for designing and building the terminal of the upcoming Brasov airport by end-September. The terminal of the airport, which already has a ...

ECONOMICS

Romania to invest nine billion Euro in 5G network by 2024, says ANCOM

2018-09-27 12:41:19
Investments in Romania's 5G network will go up to nine billion Euro by 2024, and the auction for the frequencies dedicated to this technology will begin by mid-2019, according to the National Au...

REAL ESTATE

Unirii View office building completed and 80 per cent leased

2018-09-27 09:58:45
Unirii View, the tallest modern office building in downtown Bucharest, has been completed following an investment of approximately 33 million Euro.

ECONOMICS

Romania is no longer competitive in terms of adequate workforce availability, says FIC

2018-09-26 14:21:33
The most recent results of the Foreign Investors Council Business Sentiment Index (carried out in September 2018) brings some important insights on both workforce and fiscal related topics.

APPOINTMENTS

Jakub Krenk appointed branch director of Skanska Construction Romania and Hungary

2018-09-26 10:59:58
Jakub Krenk becomes branch director of Skanska Construction Romania and Hungary. The appointment of Jakub Krenk in the new position is aimed at strengthening the local construction team.

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.

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Most read Daily Info
» Crosspoint Real Estate appointed exclu...
» Belgian real estate developer WDP to l...
» Marco Eichhorn appointed general manag...
» Corina Popescu is the new CEO of Elect...
» Skanska delivers the first building of...
» ArcelorMittal receives binding offer f...
» MOL Group posts 835 million USD profit...
» Suciu Popa assisted KMG International ...
» EBRD cuts economic growth forecast for...
» Global electric car sales to exceed on...
Read in the Print Edition
Romania struggles to save face ahead of Euro 2020

With less than two years until the start of the 2020 UEFA European Football Championship, Romania struggles to finish its stadiums by kick-off time. And with roughly 200,000 fans flooding the capital city to ch...

New real estate bubble? It depends on who you ask

Romania's GDP has been outperforming those of neighbouring CEE countries as of last year, but its Central Bank warns that the mortgage bonanza might lead to a second real estate bubble. With market analysts poi...