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Romanian agribusiness forum 2014

In mid-December, The Diplomat-–Bucharest magazine organized the fourth edition of the Romanian Agribusiness Forum 2014 in order to discuss the impacts of the current regional context on the lo...

RECOVERY

According to a market study by RE/MAX, a real estate company that relies on a franchise system, Romania’s real estate market will see a slight increase this year, after 2014 already felt reviv...

Bigger team

With the acquisition of IBM′s x86 server division, Lenovo increased its number of employees to 160 people and moved into a larger office.“We are glad that we have completed the integ...

OFFICIAL MEETING

In mid-January, Prime Minister Victor Ponta had a meeting, at Victoria Palace, with the U.S. Assistant Secretary of State for European and Eurasian Affairs, Victoria Nuland. The Prime Minister d...

DUAL SYSTEM

German retailer Penny Market, part of the REWE Group, announced the launching of the free educational program for dual training in February, where 20 young people will be trained to activate in ...

NEW CENTER

Endava, one of the IT service companies with the fastest growth in Europe, has opened its fourth development centre in Romania, in Pitesti, where it plans to hire 100 IT specialists in the next ...

CELEBRATION

Travel agency Paralela 45, general tour-operator and the biggest circuit producer in Romania, celebrated 25 years of activity in late January. With a turnover of 40 million Euros reached at the ...

FINANCING APPETITE

Garanti Bank registered an annual average growth of 20 per cent in the SME segment from 2010 up to the present, according to a press release. The financial institution has a portfolio of 25,000 ...

ACROSS THE BORDER

The Greek partner of Romanian cosmetics producer Farmec opened a branded shop at Salonic, based on the model located at Cluj-Napoca, the company informs. G2D SPC company plans opening new shops ...

HELPING HAND

APT Resources and Services company, in partnership with the "Titu Maiorescu” University of Bucharest, launched in late July the "SIMACTIV” project, financed from the European Socia...

WORKSHOP

Romanian companies active in the food and agricultural equipment production sectors attended in early July the workshop presentation of the Expoalimentaria fair, an international event for food,...

LARGER NETWORK

German retailer Lidl opened in late July a new unit in Targu Neamt, in Eastern Romania, reaching 176 units across the country. Since the beginning of this year, the retailer opened seven units i...

EXPANSION

The real estate developer Genesis Development leased to Accenture - a management consulting, technology services and outsourcing company - an additional area of 1,400 sqm to the company&prim...

EUROPEAN RECOGNITION

Bucharest′s Epoque Hotel is ranked tenth on the global 2014 Expedia Insiders’ Select winners list, being the only property in Europe present in this year’s top ten. The ranking inc...

More on News
Over 19,000 business plans submitted for Start-Up Nation program

Start-Up Nation Government program attracted over 19,000 business plans and a new edition will take place next year, said Ilan Laufer, Minister for the Business Environment.

Sorin Grindeanu hails the support for CVM lifting before 2019

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...

President Iohannis to hold political consultation to designate future PM

Parliamentary parties are invited today to the Cotroceni Presidential Palace for consultations with President Klaus Iohannis over the designation of the future prime minister, Agerpres reads.

PM Sorin Grindeanu: 5.7 per cent economic growth - confirmation that the measures taken by the Government are the right

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...

Fondul Proprietatea urges President Iohannis not to promulgate the Ports Law

Fondul Proprietatea has sent a letter to President Klaus Iohannis outlining several reasons that constitute, in the Fund's view, a strong basis for the non-promulgation of the recently adopted l...

Superbet bonds start trading on Bucharest Stock Exchange

Corporate bonds of Superbet Betting & Gaming S.A., one of the most important gambling operators in Romania, have started trading on the Alternative Trading System managed by Bucharest Stock Exch...

BVB second place in the region by number of IPOs in H1 2017

Bucharest Stock Exchange (BVB) is the second market in Central and Eastern Europe where initial public offers (IPOs) were successfully concluded in the second quarter of this year, with a total ...

EBRD launches energy efficiency framework for Romanian households

Supporting Romanian households to save energy and money, the European Bank for Reconstruction and Development (EBRD) is launching a 100 million Euro Green Economy Financing Facility (GEFF) for t...

Romanian ruling coalition plans tax overhaul ahead of key parliament vote

Romania's ruling Social Democrats unveiled plans on Thursday to overhaul taxation from 2018, ditching a flat 16 per cent tax on income and profit that has attracted investment into the European ...

EU bank supports expansion of Regina Maria private healthcare network in Romania

The European Investment Bank (EIB) is lending 15 million Euro to support the expansion of a private healthcare network in Romania, a press release shows. This agreement is backed by the guarante...

New law on ports administration would be very damaging for Romanian state budget, Fondul Proprietatea says

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 ...

Vienna Insurance Group posts profit of 110 million Euro in Q1

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

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Editorial

Daily Info
New Dacia Duster shown for the first time in Romania at Renault Day
The new Duster model has been shown for the first time in Romania on Sunday, on the occasion of the Renault Day, an event organized on Dacia's industrial platform in Mioveni town, attended by 15 000 people....

Corneliu Bodea was reappointed as president of Romanian Energy Center
Corneliu Bodea was reappointed as president of Romanian Energy Center (CRE) with 244 votes, being the only candidate. His new mandate will last until September 2020.

Zacaria develops the first private industrial park in Craiova
The construction works on the new business park in Craiova are ongoing and the first 10,000 sqm of industrial space will be delivered by the end of the year, the Romanian real estate developer Zacaria has annou...

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 top ten EU economi...

Superbet bonds start trading on Bucharest Stock Exchange
Corporate bonds of Superbet Betting & Gaming S.A., one of the most important gambling operators in Romania, have started trading on the Alternative Trading System managed by Bucharest Stock Exchange (BVB) from ...