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Walter Friedl, Lacerta Winery»
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REPORTS

Oil & Gas Industry: Challenges and opportunities for Romania

As it appears from the four scenarios of the Romanian Energy Strategy, natural gas will play an important role with expected significant increases in the energy mix starting in 2020. Even though...

EDITORIAL

Principles Governing Foreign Investments in Romania

The legal regime of foreign investments in Romania is governed by the principle of equal treatment, which means that, subject to the principle of most-favoured-nation treatment, the same legal f...

COUNTRY FOCUS

German investments in Romania: Companies are worried about fiscal measures and infrastructure

Romania still offers good business opportunities, but in order to continue foreign investments and job creation, companies need a stable economic environment, legal stability, well-developed inf...

COUNTRY FOCUS

Austrian investments in Romania: Companies are generally happy with market development

Austrian investors see Romania as an excellent investment destination and the largest market in South-Eastern Europe. Romania represents a resourceful country, dominated by a highly-skilled labo...

COUNTRY FOCUS

Chinese investments in Romania: Aiming potential

For many years, China has had only several large companies present and active in Romania, mainly in technology, energy, trade, farming and several newly announced ones in automotive.

SECTOR ANALYSIS

Operational leasing on the road to growth

The Romanian operational leasing market went up by 7.5 per cent in the first semester of the year compared with the end of 2016, exceeding 64,350 units. During this period, over 9,200 cars were ...

POLITICS

Romania initiates first meeting of EU Council Presidencies' Trio with Finland and Croatia

Minister-Delegate for European Affairs Victor Negrescu has initiated on Monday in Brussels, the first, minister-level meeting of the Trio of Presidencies that Romania is due to commence on Janua...

POLITICS

Iohannis: Romania has made progress with equal opportunities, needs to speed up gap bridging

Romania's President Klaus Iohannis said that although important progress has been made in Romania in terms of gender equality, the country needs to speed up bridging the gaps.

POLITICS

Iohannis: Advanced presence on Eastern Flank must be reinforced, especially in Black Sea

President Klaus Iohannis stated on Monday that the advanced presence on NATO's Eastern Flank must be reinforced.

POLITICS

Minister Negrescu: Romania is profoundly pro-European, we will be even more significant after Brexit completion

Minister Delegate for European Affairs Victor Negrescu said on Thursday that Romania is a profoundly pro-European state and will become more significant after the Brexit process is completed.

POLITICS

MAE requests Ukraine to adopt necessary measures so that Romanians learn in their mother tongue

The Foreign Affairs Ministry (MAE) announced that it will continue to take steps with the international authorities to signal the negative impact of the legislative amendments in Ukraine's Educa...

POLITICS

Former PM Ciolos: We cannot risk Romania's future

Former Prime Minister Dacian Ciolos was present Sunday evening at the protest in Bucharest, on which occasion he argued that he considered joining the manifestations because "a limit is being re...

POLITICS

Iohannis: A significant delay in tax measures would be required

President Klaus Iohannis said that a significant delay in the amendments to the tax legislation would be required, adding that the January 1, 2018 deadline for their application is inopportune....

POLITICS

PM Tudose reaffirms commitment to unconditional partnership with Romanian Army

The government of Romania has always been and will stay an unconditional partner to the Romanian Army, Premier Mihai Tudose said in a message on the National Army Day.

POLITICS

Dragnea: Amendments to the tax code, code of tax procedure to pass under government ordinance

Amendments to the tax code and the code of tax procedure will pass under a government ordinance and will be unveiled after the government meeting, national leader of the Social Democratic Party ...

POLITICS

PM Tudose: We will shortly come up with new form of split VAT collection

A new form of split VAT collection, which will respond to the requests made in this period by business representatives, will be presented shortly, Prime Minister Mihai Tudose announced on Monday...

ECONOMICS

The company who manages KFC, Pizza Hut and Taco Bell brands in Romania is now listed on Bucharest Stock Exchange

The shares of Sphera Franchise Group, one of the most important foodservice operators in Romania, started trading on Bucharest Stock Exchange (BVB), under SFG symbol.

ECONOMICS

BNR: After 100 years, Romania returns to similar level of relative development against other countries

After a century, Romania has returned to the same level of relative growth against other countries, calculated as per capita Gross Domestic Product (GDP), purchasing power parity based, of 59 pe...

ECONOMICS

EBRD and European Union launch programme to help businesses from south-eastern Europe obtain advice

The European Investment Advisory Hub, the EBRD and the European Union launched today, in Bucharest, a new programme committed to helping small and medium-sized enterprises (SMEs) obtain advice f...

ECONOMICS

The economy is growing, investor confidence is deteriorating, says FIC

The Foreign Investors Council (FIC) publishes twice a year the results of the Business sentiment index survey conducted among its members.

ECONOMICS

DB: 77 per cent of Romanian IT specialists living abroad consider a return to the country

A study released by DB Global Technology shows that 77 per cent of Romanian IT specialists living abroad consider a return to the country.

ECONOMICS

Porsche Romania posts 13 per cent increase in sales for all Volkswagen group brands in the first nine months of 2017

Porsche Romania, the largest automotive importer in Romania, closes the first nine months with a 13% increase in sales for all Volkswagen group brands, compared to the same period of last year....

ECONOMICS

AmCham Romania: "The fiscal policy must be integrated into a medium and long-term vision for Romania"

AmCham Romania expresses its concern regarding the impact the recently announced fiscal policy measures, both in terms of the increasing costs these are generating for taxpayers and in terms of ...

ECONOMICS

Romania's inflation rate up to 1.8 percent in September, says INS

The annual inflation went up in September to 1.8 percent from 1.2 percent in August, according to data of the National Institute of Statistics (INS), as reported by Agerpres.

ECONOMICS

ABSL: The emergency ordinance regarding the Fiscal Code will have a negative impact on Romania's competitiveness

ABSL Romania examined the emergency ordinance draft to amend the law no. 227/2015 regarding the Fiscal Code and concluded that the implementation of these measures will have a negative impact on...

ECONOMICS

Transilvania Broker de Asigurare becomes the first insurance brokerage company to be listed on Bucharest Stock Exchange

Transilvania Broker de Asigurare, a leading insurance brokerage company, will get listed on the main market of the Bucharest Stock Exchange (BVB) following a secondary initial public offer, whic...

ECONOMICS

Banca Transilvania's net profit was 780 million RON in the first nine months

Banca Transilvania posted a net profit of 780 million RON in the first nine months of the year.

ECONOMICS

EIB signs with UniCredit Bank the first loan granted to a commercial bank under the Juncker Plan in Romania

The European Investment Bank (EIB) has signed with UniCredit Bank a loan agreement for 50 million Euro, marking the first financing deal with a local commercial bank to fall under the framework ...

ENERGY

Enel opened its largest shop in Iasi, in the Palas Mall

Enel opened in the Palas Mall complex its largest store in Iasi and in the Moldova region. Thus, both the household and business customers in Iasi will have a new dedicated sales and information...

ENERGY

Romania and Serbia near completion of the 400 kV transmission line between Resita and Pancevo

Romania's national electricity transmission company announced that it has completed the crossing of the border to Serbia with the 400 kV Resita (Romania) - Pancevo (Serbia) transmission line.

ENERGY

Mol Group posted a net profit of 823 million USD for Q1-Q3 2017

Mol Group announced its financial results for Q3 2017. With 576 million Dollars delivered in the quarter, clean CCS EBITDA for the first nine months of the year is 12 per cent up from last year ...

ENERGY

Transelectrica inaugurated the Campia Turzii station, fully refurbished with 9 million Euro

Transelectrica inaugurated the 220/110/20 kV Campia Turzii (Cluj County) electricity station, after an investment of about 42 million RON (9 million Euro).

ENERGY

Enel: "We are committed to achieve 100 per cent CO2-free power generation by 2050"

Governments and non-state actors need to deliver an urgent increase in ambition to ensure the Paris Agreement goals can still be met, according to a new UN assessment.

ENERGY

E-Distributie Dobrogea invests 12 million RON for the modernization of the Abator primary station in Constanta

E-Distributie Dobrogea has begun an investment project worth around 12 million RON (2.6 million Euro) to modernize the primary station (high/medium voltage) Abator in the city of Constanta.

ENERGY

E-Distributie Dobrogea invested 1.7 million RON to install separators on nine overhead high voltage power lines

E-Distributie Dobrogea is about to finalise the installation of 1.000 phase separators in nine overhead high voltage power lines in the counties Calarasi, Ialomita and Tulcea, in an investment p...

ENERGY

EIB is lending 50 million Euro to Transgaz for a new European gas transmission corridor

The European Investment Bank (EIB) is lending 50 million Euro to Transgaz, the national gas transmission company of Romania, to finance the construction of a new European gas transmission corrid...

INVESTMENTS

European Investment Bank celebrates 25 years in Romania with 13 billion Euro for economic and financial support

The European Investment Bank (EIB) has approved more than 13 billion Euro worth of financing and advisory services for Romania since it started its operations in the country 25 years ago.

INVESTMENTS

World Class Romania is opening a new club in Cluj-Napoca, in the second part of 2018

World Class Romania invests two million Euro in a new club, World Class Record Park in the Silicon Valley of Europe, Cluj-Napoca, in the second part of 2018.

INVESTMENTS

ADM Capital sells Brikston Construction Solutions to Wienerberger AG

ADM Capital, an international private equity fund, acquired a 98 per cent stake in Brikston Construction Solutions (Brikston) in July 2014 and has agreed to sell its full shareholding to Wienerb...

INVESTMENTS

Calsonic Kansei invests 30 million Euro in an electronic parts factory in Ploiesti

Japanese company Calsonic Kansei expands the business in Romania by investing 30 million Euro in a factory of electronic parts in Ploiesti, creating around 300 new jobs.

INVESTMENTS

Damen acquires Daewoo's shares in Daewoo Mangalia Heavy Industries

Damen Shipyards Group has entered into a share purchase agreement with Daewoo Shipbuilding & Marine Engineering for the acquisition of its majority share in Daewoo Mangalia Heavy Industries.

INVESTMENTS

Mol announces plans to build new headquarters in Budapest

Mol Group announced its plans to relocate its corporate headquarters by 2021 to Mol Campus, the company's new 83,000 sqm office.

INVESTMENTS

NEXT-E consortium and EU sign a grant agreement to deploy 252 fast and ultra-chargers for electric vehicles across CEE

The network of 222 fast chargers and 30 ultra-chargers for EV (Electric Vehicles) will connect six countries in CEE along main roads on the EU's core transport network.

INVESTMENTS

Alka Group invests over 11.5 million Euro in new Romanian plant

Alka Group will invest over 11.5 million Euro in a new production capacity for biscuits and salty snacks near Ploiesti.

APPOINTMENTS

Athenee Palace Hilton appoints Georg Pucker as director of operations

Athenee Palace Hilton today announced the appointment of Georg Pucker as Director of Operations.

APPOINTMENTS

Mike Seidel takes the lead of the Bayer Consumer Health Division, to oversee operations in Romania, Bulgaria and Moldova

Starting this month, Bayer's Consumer Health Division has a new leader, with Mike Seidel taking over from Emilio Bellantoni.

INFRASTRUCTURE

Werk invests 2.5 million Euro in 400 parking spots near Vox Technology Park

Werk Property Group will start in November the construction of a new parking with a capacity of 400 parking spots in the immediate vicinity of office project Vox Technology Park from Timisoara. ...

APPOINTMENTS

Colin Lovering joins Avison Young in Romania

Avison Young announced the strategic hiring of business development specialist Colin Lovering, a press release shows.

APPOINTMENTS

Cristian Vasile joins P3 as new property manager in Romania

Pan-European logistics property investor-developer P3 has appointed Cristian Vasile as its new Property Manager in Romania, with responsibility for managing all the buildings at P3 Bucharest par...

INFRASTRUCTURE

Enel and Traian Vuia International Airport in Timisoara launch the first EV charging station in a Romanian airport

Enel Energie and the Traian Vuia Airport in Timisoara inaugurated the first electric vehicle charging station in an airport in Romania, in order to encourage electric mobility and a lower carbon...

APPOINTMENTS

TotalSoft appoints Tom Stankiewicz as Financial Services Executive Director

TotalSoft, one of the leading ERP and financial solutions providers, part of software company Logo Software (Logo), takes new strategic steps in further penetrating international financial marke...

REAL ESTATE

Sonae Sierra recorded a total net profit of 78 million Euro in the first nine months of 2017

Sonae Sierra recorded a net profit of 77.8 million Euro in the first nine months of 2017, compared to the 92.6 million Euro recorded in the same period of 2016.

REAL ESTATE

Conadi sold two-thirds of the first phase of Arcadia Apartments Domenii residential project

Conadi real estate consultancy company announced it has sold two-thirds of the first phase of the Arcadia Apartments Domenii residential complex, just two and a half months after the beginning o...

REAL ESTATE

Vastint Romania opened the Timpuri Noi Square mixed-use project

The Timpuri Noi Square opening event, hosted by Vastint Romania, took place in the 1,800 sqm premises leased by Fratelli in Timpuri Noi Square, were the Group will shortly open Biutiful Downtown...

REAL ESTATE

PPT Preturi pentru tine is moving to City Offices

PPT Preturi pentru tine, the Romanian clothing and footwear retailer, active on the Romanian market since 2006, moved to the City Offices office building, part of the Globalworth portfolio.

REAL ESTATE

CTP starts CSR project for the workforce market nearby Bucharest

CTP is starting a social responsibility program that aims to facilitate a series of meetings between high school students and representatives of important companies that are tenants in the parks...

REAL ESTATE

DVD Residential Imobiliare launches Arcadia Apartments Domenii following a total investment of 100 million Euro

DVD Residential Imobiliare starts the construction of the first large residential complex in Domenii area from Bucharest. Arcadia Apartments Domenii will be built in three stages and approximate...

REAL ESTATE

Bucharest and Prague, first choices for new retailers entering the CEE market

Bucharest has attracted more than 20 new retailers from all around the world in its biggest shopping centres, sharing the first place with Prague in a top of CEE cities which attracted new retai...

REAL ESTATE

CTP acquired Phoenix Logistics Center for 7 million Euro

CTP acquired Phoenix Logistics Center with approximately 7 million Euro from the Dutch company LSREF3 Alpha Dutch Holdings B.V.

REAL ESTATE

New record for the office market: 50% of the TLA concluded in Q3 2017 was represented by new demand

About 49% of the total leasing activity (TLA) in Q3 was represented by new demand, a record high for the local office market, CBRE data reveals. This is also a record for the past years, this be...

REAL ESTATE

Impact launches Luxuria Domenii Residence with 630 apartments in Bucharest

Impact has launched Luxuria Domenii Residence, a residential project comprising 630 apartments in the north of Bucharest.

REAL ESTATE

CTP reached a total asset value of 364 million Euro in the first nine months of 2017

CTP, the leading premium industrial parks developer and long-term manager in Romania and Central and Eastern Europe, entered the last quarter of 2017 with results that exceed the previous progno...

REAL ESTATE

Immofinanz sells several lands in the Adama portfolio

Immofinanz, one of the largest real estate investors in Romania, announced the sale of two land plots in Bucharest and Voluntari from the Adama portfolio.

AGRIBUSINESS

EBRD to become a shareholder in Agricover Holding

The EBRD and Agricover Holding have signed legal agreements today confirming the Bank's intention to become a shareholder in the Romanian agribusiness company.

REAL ESTATE

CTP to invest over 150 million Euro for CTPark Bucharest West by the first quarter of 2018

CTP continues to strengthen its status on the domestic market through a series of important investments in the development of CTPark Bucharest West. The total investment in the CTPark Bucharest ...

REAL ESTATE

Real estate developer Zacaria announces the expansion of its industrial park in Oradea

Real estate developer Zacaria announces the expansion of Western Industrial Park in Oradea with a new warehouse of more than 6300 sqm, already commissioned by a German investor in the process of...

REAL ESTATE

CTP acquires Chitila Logistic Park for over 17 million Euro

CTP continues its growth by acquiring a logistics park, situated near Bucharest, Chitila Logistic Park (CLP), following an investment of 17.3 million Euro (CLP). The transaction was concluded in...

REAL ESTATE

AFI Europe Romania starts the leasing campaign in the office project AFI Park Brasov

AFI Europe Romania announces the start of the leasing campaign in the AFI Park Brasov Class A office project. The company is already in advanced discussions with two potential tenants totaling 4...

REAL ESTATE

P3 hands over new warehouse at P3 Bucharest park to E van Wijk

Pan-European logistics property investor-developer P3 announced the handover of a new warehouse at P3 Bucharest to customer E van Wijk. The 13,900 sqm logistics facility is a class A building an...

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Read in the Print Edition
Oil & Gas Industry: Challenges and opportunities for Romania

As it appears from the four scenarios of the Romanian Energy Strategy, natural gas will play an important role with expected significant increases in the energy mix starting in 2020. Even though currently about...