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Marius Vacaroiu, Policolor
Tax changes have made us elaborate more budget impact assessments this year»
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BUSINESS LEADERS

Digital transformation of energy management and automation

Interview with Marius Persinaru, Country President Schneider Electric Romania & Republic of Moldavia

3 Comments

COUNTRY FOCUS

Romanian business: There is still room for improvement

Romania is still an attractive market for investors within South-eastern Europe, with advantages in terms of labour cost and skilled professionals. But local entrepreneurs and Romanian-based com...

1 Comment

SECTOR ANALYSIS

Digital Banking: Challenges and opportunities

Digitalization is radically transforming the banking industry, enabling new products, services and business models. This transformation will take time to complete, forcing banks to act now and e...

2 Comments

SECTOR ANALYSIS

Telecom industry: Keeping pace with next-gen tech

The telecom industry is transforming before our very eyes. And in many instances, there are no hard-set rules for the new digital platforms, tools and lifecycles in which they live.

2 Comments

SECTOR ANALYSIS

Logistics industry: Growing demand

The industrial, logistics and office sectors in Bucharest were the drivers of the real estate development market in the first nine months of the year.

BUSINESS LEADERS

Digital transformation of energy management and automation

Interview with Marius Persinaru, Country President Schneider Electric Romania & Republic of Moldavia

3 Comments

POLITICS

PM-designate Dancila: "It's important to implement governing programme"

Prime Minister-designate Viorica Dancila stated that it's important to put into practice the governing programme, but also 2018- the Centennial Year and prepare to take over the Presidency of th...

POLITICS

Mihai Tudose announces his resignation as prime minister

Mihai Tudose announced on Monday evening, at the end of the Social Democrat Party (PSD) National Executive Committee (CExN) meeting, that he resigns as prime minister of Romania. "I am leaving w...

POLITICS

Contract for the purchase of 227 Piranha V armored personnel carriers, signed in presence of PM Tudose

The contract for the purchase of 227 Piranha V armored personnel carriers was signed on Friday in the presence of Prime Minister Mihai Tudose, Deputy Prime Minister Marcel Ciolacu and Defense Mi...

POLITICS

Iohannis: Justice independence, public positions' integrity are constitutional values not to be negotiated

Promoting the rule of law and Justice independence, fighting against corruption, ensuring integrity in public positions and dignities are constitutional values that cannot be negotiated, Preside...

ECONOMICS

Ministry of Public Finances set to issue Euro-bonds worth 8 billion Euro in the next two years

The Ministry of Public Finances (MFP) contemplates issuing Euro-bonds worth approximately 8 billion Euro (equivalent) over 2018-2019, in the context of the implementation of the annual plan for ...

ECONOMICS

EIB supports the modernisation of infrastructure in Oradea

The European Investment Bank (EIB) is lending 21 million Euro to the Municipality of Oradea to finance improvements to its urban infrastructure. EIB funds will also support investments targeting...

ECONOMICS

Garanti Bank expects a four per cent GDP growth rate in 2018

Garanti Bank estimates that the growth rate of the gross domestic product (GDP) could reduce speed in 2018, to four per cent, from 6.5 per cent in 2017, mainly due to a slower pace of industry a...

ECONOMICS

Garanti Leasing signs a loan agreement for 15 million Euro with EFSE

Garanti Leasing, part of Garanti Romania, has signed a loan agreement of 15 million Euro with the European Fund for Southeast Europe (EFSE). The facility is meant to increase access to financing...

ECONOMICS

Romania plays in the big league, says Deloitte survey

On the backdrop of a stable economic context in the region and with growing macroeconomic indicators, Romania has won the deal doers' trust now becoming a core market for private equity funds ne...

ENERGY

The increase of the final gas price for the population, determined by higher acquisition costs, says ACUE

As a result of the increase of the cost of gas purchases paid by suppliers to the natural gas producers, ANRE decided, according to the methodology in force, to raise the final gas price for the...

ENERGY

Electrica Group launches its first sustainability report

Electrica Group, leader in the distribution and supply of electric energy in Romania, is launching a sustainability report for 2016, which serves as the first non-financial report of the company...

ENERGY

MET Romania to continue its development on the local market

Following the successful completion of Repower's takeover, MET Romania aims to analyze other opportunities on the local market, thus continuing to invest either by taking over other suppliers or...

ENERGY

Socar has opened the second filling station in Brasov and reaches a total of 39 stations

Socar has opened its 39th filling station in Romania. This is the second filling station to be launched under Socar brand in Brasov city, one of the Romanian tourism centers.

ENERGY

Energy price for households to increase as of 1 January

The price of energy for consumers who are powered in universal service will increase as of 1 January, while the peak energy consumption, between 18:00 hrs and 22:00 hrs will be more expensive by...

INVESTMENTS

Mega Image to continue expansion in Romania in 2018

Local retailer Mega Image will continue its expansion next year, according to Vassilis Stavrou, the general manager of the Mega Image operations in Romania.

INVESTMENTS

Mercedes to open a new design centre in France

Mercedes-Benz operates a number of design studios not only at its headquarters in Stuttgart, but in locations around the world. And now the German automaker wants to open a new Advanced Design C...

INVESTMENTS

Construction works for the first pediatric oncology and radiotherapy hospital in Romania to begin with 8 million euro

Daruieste Viata Association is an NGO to start the construction works for the first pediatric cncology and radiotherapy hospital in Romania, in the court yard of the “Marie Curie” hospital i...

INVESTMENTS

EBRD acquires 4.4 per cent stake in Globalworth

The European Bank for Reconstruction and Development (EBRD) has acquired a 4.4 per cent stake in real estate developer Globalworth, whose portfolio in Romania reached 1.08 billion Euro at the en...

INVESTMENTS

First EIB loan to a corporate in Romania's local currency

The European Investment Bank (EIB) is providing the first loan to a corporate in Romania that can be disbursed in local currency; the equivalent of 50 million Euro will be granted to Transgaz, R...

INFRASTRUCTURE

Posta Romana auto park to increase by 180 units, following investment of 3 million Euro

Posta Romana auto park will increase by 180 units, out of which 80 cars of 3.5 tones will be functional this week, following that until the end of the month to be distributed the rest of 100 car...

APPOINTMENTS

Nokia appoints Joerg Erlemeier as Chief Operating Officer

Nokia announced the appointment of Joerg Erlemeier as Chief Operating Officer (COO) and member of the Group Leadership Team (GLT) with immediate effect.

APPOINTMENTS

Citi Romania appoints Ivan Vrhel as general manager

Citi announced the appointment of Ivan Vrhel as general manager of Citi Romania, keeping at the same time the current responsibilities as director of Citi Commercial Bank division for SMEs.

INFRASTRUCTURE

Telekom launches the third Smart City pilot project in Romania

Telekom Romania launched in Piatra Neamt, the third Smart City pilot project, after the ones in Bucharest and Constanta. The company's project is part of the strategy of expanding its own operat...

INFRASTRUCTURE

E-Distributie Muntenia invested 14.5 million RON for the modernisation of the Cotroceni primary station

E-Distributie Muntenia invested about 14.5 million RON (3.15 million Euro) for the first stages of the modernization of the Cotroceni primary station in Bucharest, a 3-year project which began i...

INFRASTRUCTURE

BMW to build test track for self-driving cars

German luxury automaker BMW said on Friday it will spend over 100 million euros ($118 million) on a test track for self-driving and electric cars in the Czech Republic, as it expands its foray i...

INFRASTRUCTURE

CNAIR auctioned infrastructure projects worth four billion Euro in 2017

The National Road Infrastructure Management Company (CNAIR) informs that it auctioned projects worth around four billion Euro in 2017, the highest value in the last 27 years.

APPOINTMENTS

Colliers Romania appoints Laurentiu Lazar as new managing partner

Laurentiu Lazar will take over as the new managing partner of the real estate consultancy company Colliers International Romania, effective as of March. Ilinca Paun, the current managing partner...

APPOINTMENTS

Skanska Romania appoints Aurelia Luca as new managing director

Skanska Property Romania, the local division of one of the largest real estate developers, announces changes at the top of management in Romania. Marcin Lapinski, Managing Director for Skanska P...

REAL ESTATE

Iulius opened a new office building in Openville Timisoara

The Iulius Company completed a new office building spanning on over 13,000 sqm in Openville Timisoara, the mixed-use project the company develops together with Atterbury Europe near Iulius Mall....

REAL ESTATE

AFI Europe Romania to receive 22 million Euro development loan for AFI Tech Park phase 1

AFI Europe Romania has signed a financing agreement of 22 million Euro with Bank Leumi Romania for the development of phase 1 of AFI Tech Park, the newest business park the company is currently ...

REAL ESTATE

Forte Partners to develop Aviatiei Park following 12 million Euro funding from Banca Transilvania

Local real estate developer Forte Partners will develop the residential project Aviatiei Park after a funding of 12 million Euro from Banca Transilvania.

REAL ESTATE

Rezidor to open a new Radisson Blu to open in Timisoara

The Rezidor Hotel Group announced the signing of the Radisson Blu Hotel, Timisoara. This takes the group’s portfolio in Romania to four hotels, with two in operation and two under development ...

REAL ESTATE

Immofinanz closes the sale of the Russian retail portfolio

Immofinanz has successfully concluded the sale of its retail portfolio Moscow to the Russian FORT Group. The transaction closed in St. Petersburg.

AGRIBUSINESS

BSTDB provided 15 million Euro loan to Agricover Credit IFN

The Black Sea Trade and Development Bank (BSTDB) provided 15 million Euro to Agricover Credit IFN, a Romanian financial institution specializing in financing the agricultural sector.

REAL ESTATE

CBRE: Bucharest university centres attract new business poles

Most new investments in office buildings have been concentrated around Bucharest's university centres, which have become increasingly attractive for real estate developers, CBRE shows.

REAL ESTATE

Quick Service Restaurant 1 Minute signs lease agreement in AFI Tech Park

AFI Europe Romania concluded a new lease agreement for AFI Tech Park Business Campus. The new tenant is LS Travel with their concept store "1 Minute", who leased a space located on the ground fl...

REAL ESTATE

Immochan to finalize the second phase of Coresi Business Park in 2018

Building N1, belonging to the second phase of Coresi Business Park, has been completed in September 2017 and is fully leased. Azets, Accenture, Intech and Waters occupy the entire building, with...

REAL ESTATE

Unirii View office project is starting to take shape in the centre of Bucharest

Unirii View, the project which will be the tallest modern office building in downtown Bucharest, is starting to take shape.

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