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"I estimate that there will be no big game-changers for the main macroeconomic indicators until Dece
Joerg Menzer, Noerr Romania»
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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.

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.

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.

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...

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.

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.

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.

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.

Airbus Helicopters and IAR sign exclusive agreement for H215M in Romania

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...

British American Tobacco invests 60 million Euro to increase factory production in Ploiesti

British American Tobacco (BAT), one of the largest cigarette manufacturers in Romania, announced on Monday that this year, the company will invest 60 million Euro in the construction of a new pr...

Business Lease Romania opens its first regional centre in Cluj-Napoca

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...

Continental and Orange to develop Timisoara Smart City project

Continental Romania, in partnership with Timisoara City Hall and Orange Romania, will develop a smart city project for the people of Timisoara. Citizens will be able to enjoy secure Wi-Fi in Vic...

Austria holds over 14 per cent of all foreign investments in Romania

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.

Bog'Art to build IKEA's second store in Bucharest

IKEA has announced that Bog'Art will build its new store from Theodor Pallady area in Bucharest. The second store in Bucharest will be opened next year, following an investment of around 80 mill...

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.