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"Schoenherr has always had a strong client portfolio of Austrian investors active in the region"
Sebastian Gutiu, Schoenherr»
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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...

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. ...

European funds to be used for the modernization of road infrastructure in Iasi and Suceava

The Minister of European Funds, Rovana Plumb, has signed a financing contract for an investment in the modernization of the road infrastructure in the Iasi and Suceava counties through the alloc...

Romanian construction sector down by 1.5 per cent in Q1

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,...

FIC: High growth without infrastructure is not possible in the long run

The Foreign Investors Council (FIC) believes infrastructure is key for Romania's future development and it is also one of the three pillars Romania must focus on if it is to become one of the to...

Grindeanu: Construction of Pitesti-Craiova road to start in 2018

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.

PM Grindeanu: We believe European funds to be engine for economic growth

Prime Minister Sorin Grindeanu said that European funds are seen as an engine for economic growth, pointing out that he wants things to get unblocked in this area, according to Agerpres.

European Commissioner Cretu: EU funds absorption rate in Romania will exceed 90 percent on 2007-2013 period

European Commissioner for Regional Policy Corina Cretu said that in Romania the absorption rate for the funds allotted for the 2007-2013 period will exceed 90 per cent and that invoices correspo...

Ministry of Environment: We want to double, to 10,000 Euro, state bonus for electric car acquisition

Environment Minister Daniel Constantin declared in central Sibiu, that this year the bonus for the 'Scrappage Plus' programme will be doubled compared to the 2016, so whoever wants to buy an ele...

The government approved the General Masterplan for transport

The government approved in the meeting on Wednesday the General masterplan for transport of Romania, announced Minister of Transport Sorin Buse

Romania, tenth in Europe for cheapest plane tickets

The price of an airplane ticket in Romania is an average 12 USD for every 100 km, two times more than in Portugal, but half the cost of tickets in Belgium or Denmark, according to a study made b...

The first automated bike sharing stations launched in Bucharest

The first automated I′Velo Urban bike-sharing stations have been launched in Bucharest by Green Revolution association. Even the bike-sharing service is not new in Bucharest, the novel...

OMV Petrom opens its first station for charging electric cars in Romania

The largest oil and gas company in Romania OMV Petrom will open this week, in partnership with energy company Electrica, the first fast-charging station for electric cars, a press release shows....

The subway’s segment to Otopeni airport, submited to cityhall’s council

The city planning approval (PUZ) for the subway’s segment linking 1 Mai station to Otopeni, part of the Bucharest’s sixth route has been submitted recently to the councilors of Bucharest may...

More on News
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...

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.

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.

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...

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....

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.

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 ...

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...

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...

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.

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...

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.

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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 framework, princi...

Daily Info
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).

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 owned by CTP ne...

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 footprint of th...

OTP Bank Romania posted a profit of 6.8 million Euro in the first nine months of 2017
OTP Bank Romania registered an after-tax profit of 6.8 million Euro, in the first nine months of the year, decreasing by three per cent year over year. The bank returned to profit in the third quarter, with fou...

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.