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POLITICS

Foreign Minister Aurescu attended the NATO-Ukraine Commission meeting in May

Romania's Foreign Minister Bogdan Aurescu attended a meeting that took place on May, 13th, in Antalya, Turkey, of the NATO-Ukraine Commission which discussed the latest developments in security in eastern Ukrai...

ECONOMICS

Government allocates 5.6 million Euro for RAAN to produce heavy water, without fearing work stoppages

The National Administration of State Reserves and Special Problems (ANRSPS) will buy, within the maximum amount of 25 million RON (around 5.6 million Euro), heavy water from the Autonomous Administration for Nu...

ENERGY

ArcelorMittal has invested three million Euro to modernize steelworks

In early May, ArcelorMittal Galati announced that the company has invested three million Euro for the implementation of a steelworks modernization project aimed at increasing the energy efficiency of the plant...

REAL ESTATE

Garanti Bank finances Sunflower Grand Apartments project with EUR six million

Garanti Bank announced it granted a six million Euro loan to General Concrete Land Development for the financing of the residential project Sunflower Grand Apartments in Bucharest

INFRASTRUCTURE

CNADNR pays 173 million RON for three km of Bucharest-Ploiesti motorway

The Romanian National Company of Motorways and National Roads (CNADNR) launched an auction for a design project of the three-km segment of the Bucharest-Ploiesti highway, for 173 million RON, or 38.9 million Eu...

APPOINTMENTS

Timos Tsokanis

Starting on May 1, 2015, Timos Tsokanis will take over the position of Chief Technology and Information Officer at Telekom Romania, after an interim period of three months on the position. Tsokanis has 20 years...

INVESTMENTS

RPF Development injects 11 million Euro into third phase of Vitan Residence 2

Romanian Property Fund (RPF) Development, the real estate developer of the Vitan Residence compound located in the Mihai Bravu area, expects to start construction of the third phase of Vitan Residence 2 in Augu...

AGRIBUSINESS

Romania and Qatar to initiate bilateral agricultural bonds for the first time

Romania’s Minister of Agriculture and Rural Development (MADR) Daniel Constantin met on May 24 in Doha, Qatar, with his counterpart, Minister of Environment Ahmad Al-Hemaidi to initiate bilateral relations in...

GREEN

1.4 million Euro Norwegian funding to support selective waste collection in Romania

Through the Norwegian grants, the Norwegian Government co-financed with 1.4 million Euro a project designed to collect recyclable waste from households, implemented by Total Waste Management, part of recycling ...


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Reports

REPORTS

Romanian Energy Awards 2015 - Commitment, a KPI indicator in energy

In May this year, after more than a month of intricate deliberation process conducted by a prominent Jury, The Diplomat - Bucharest celebrated the winners of 20 assigned categories for both conventional and renewable energy, within a prestigious event continuing the annual tradition of acknowledgment of performance and exceptional accomplishments in the Romanian energy sector

REPORTS

The Renaissance of Outsourcing

Outsourcing's Renaissance is a fresh concept emerging on the local market, referring to a shift of paradigms in patterns of doing business. In past years, together with the ceaseless newly-launching technologies in the IT&C sector, outsourcing closely followed this development trend and it is no wonder that Romania is now one of Europe's most-sought destinations for business services investors, such as BPO, ITO or SSC segments,

Features

SECTOR ANALYSIS

Office sector, on the road to recovery: How's the 2015 stop?

The real estate market is still mending its wounds after the economic turmoil and more and more activity is seen in the office sector. While demand and supply are on an upward trend, The Diplomat's Alexandra Lopotaru talks to Romania's front office to discuss whether the current growth pictured in the market is too optimistic or not

COUNTRY FOCUS

Czech Ambassador: 'Romania is taking large steps towards improvement'

The Czech Republic shares with Romania not only similar history, but also economic grounds. The country ranks 14th in the top 20 foreign investors in Romania, with a total FDI of one billion Euro, counting more than 800 companies registered on the local market. Alexandra Lopotaru talks to the new Ambassador of the Czech Republic in Bucharest, Vladimir Valky, and to Czech investors to discuss the bonds between the countries

SECTOR ANALYSIS

Dust off the Welcome mat - Residential projects on the rise

Romania's residential real-estate sector continues to hit a home run this year, after 2014 registered record sales volumes and new stock entered the market. More than 3,300 units are expected to be delivered by the end of the year and part of them are already sold even before the construction authorizations are released. The Diplomat's Alexandra Lopotaru talks to important consultants and developers to see how long the enth

SECTOR ANALYSIS

Business services: Romania's ace in the sleeve

As the economy is struggling to restart its engine, Romania seems to have finally found its good luck charm. The business services industry has grown from less than 200 employees in 2004 to more than 60,000 last year and in the next five years it is expected to triple. Alexandra Lopotaru talks to major players to analyze the heft of the industry.

SECTOR ANALYSIS

Cultivating the seeds of modern business

Agriculture in Romania, with a major share in the local GDP, starts to look a lot like a professional business. In the equation defining the entire chain from seed to production and sales, towards an integrated business mindset, the Romanian farmers evolved as demanding business partners in their relationship with the large suppliers of products, services and solutions for agriculture. By Magda Purice

EXPERTS PLATFORM

Outsourcing - a view on the past and future - worldwide and in Romania

Many things have been said about the Outsourcing business in the past years - some of them praising the industry and some of them not so flattering in regards to the jobs that have been sent overseas, in order to cut down costs

SECTOR ANALYSIS

KPO, the 'brain' of the industry

Although it holds a very small share within the business services field, the knowledge process outsourcing (KPO) is an emerging sector, gaining more popularity in the past few years. Also known as the intellectual subset of BPO, KPO involves specialized knowledge, expertise and advanced analytical skills and Romania seems to have them. Alexandra Lopotaru talks to Evalueserve Romania to see what 2015 perspectives look like

SECTOR ANALYSIS

ITO goes with the flow. Where are the players sailing?

As innovation and technology develop at the speed of light, IT outsourcing grew by leaps and bounds, promising efficiency in terms of time, costs and productivity. Romania is well-known for its IT specialists, but, as the market becomes competitive, they become a needle in a haystack. Alexandra Lopotaru talked to major players to find out their projections in the coming years

SECTOR ANALYSIS

BPO hits the ground running

As the business services industry seems to be racing with double-digit growth year on year, BPO players try not get left behind. New entries show up, young companies expand their business in second- and third-tier cities, planning to hire hundreds of people, while veterans shift the focus towards more complex services. Alexandra Lopotaru interviewed BPO leaders to see how far they want to go

SECTOR ANALYSIS

SSC in Romania. Who takes the lion's share?

As the need for Shared Services Centres (SSCs) increases year-on-year globally, Romania holds the door open for investors and confidently invites them in. Alexandra Lopotaru talked to important players in the industry to find out why, how and where they took a seat

 
 
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