REPORTS

The Diplomat - Bucharest celebrated the winners of 21 assigned categories for both conventional and renewable energy, within a prestigious event continuing the annual tradition of acknowledgment...

COUNTRY FOCUS

France and Romania became business partners in the early '90s and since then the bonds have been built on trust and mutual commitment. Currently, French investors have gained a leadership positi...

COUNTRY FOCUS

One of the fastest growing economies in Europe, Romania is an attractive market for foreign investors in several industries, with potential yet to be developed. The Diplomat - Bucharest talked w...

SECTOR ANALYSIS

With a National Strategy draft still to be approved, Romania faces many challenges regarding the energy market to find a way for major investments that are critically needed to enhance the devel...

SECTOR ANALYSIS

The 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, ...

POLITICS

The 5.7 percent economic growth registered in the first quarter of 2017, as compared to the first quarter of 2016, an evolution which exceeds the expectations of analysts and international bodie...

POLITICS

Prime Minister Sorin Grindeanu met at Victoria Palace with the European Commission President Jean-Claude Juncker. The meeting was also attended by the Public Finance Minister Viorel Stefan, Fore...

ECONOMICS

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 reported a profit before taxes of around 110 million Euro in the first quarter of 2017, according to a press release.

ENERGY

Enel announces the entrance into the Romanian gas supply market, with offers designed for ease of use and predictability for residential customers, who can now benefit from having a single suppl...

ENERGY

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...

ENERGY

Lately, Romania has been confronted with extreme, unpredictable meteorological phenomena that have caused major damages in large areas to electricity distribution networks.

INVESTMENTS

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...

INVESTMENTS

Business Lease Group, a Dutch company specializing in providing full mobility solutions to companies in Central and Eastern Europe, opened a new operational centre in Cluj. This expansion aims t...

INVESTMENTS

Austrian investors see Romania as an excellent investment destination and the largest market in South-Eastern Europe, according to Gerd Bommer, the Austrian Embassy Commercial Counsellor.

GREEN

The Romanian company GreenWEEE International continues its growth strategy, thus doubling its production capacity to 100,000 tons per year.

APPOINTMENTS

TotalSoft, one of the leading software providers in Romania, announces the appointment of Dania Selaru as Executive Director, to further develop and execute the company's Enterprise Application ...

INFRASTRUCTURE

The total volume of construction works in Romania went down by 1.5 per cent in the first quarter of the year, while that of residential buildings went up by 77.2 per cent. On structure elements,...

INFRASTRUCTURE

The construction of the new road between Pitesti and Craiova cities will start at the beginning of the next year, said PM Sorin Grindeanu, according to Business Review.

AGRIBUSINESS

IFC, a member of the World Bank Group, is providing a 70 million RON (15.5 million Euro) loan to Agricover Credit IFN to increase access to financing for farmers in Romania and to support the co...

REAL ESTATE

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 to...

AGRIBUSINESS

Agri-Business division of Agricover Holding reached a gross profit of 12.2 million RON (2.7 million Euro) in 2016 on 1.14 billion RON (253.3 million Euro) turnover, a four per cent decrease comp...

REAL ESTATE

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...

AGRIBUSINESS

Romania’s agriculture minister Petre Daea said that a sheep can be successfully used for Romania’s country branding because ‘sheep are living statues’, according to Romania Insider.

REAL ESTATE

The 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.