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Pascal Robin, Sanofi Romania
The country evolution is to be taken into consideration by any foreign investors»
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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...

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 ...

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 ...

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 ...

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...

MILITARY CEREMONY

In late July, Prime Minister Victor Ponta attended the ceremony of military rank awarding to the graduates of the “Nicolae Balcescu” Land Forces Academy based in Sibiu. "I am here today...

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,...

More on News
Anca Jurma named interim chief prosecutor of Romanian anti-corruption agency

Prosecutor Anca Jurma has been named the interim chief prosecutor of the Romanian anti-corruption agency (DNA) following an order by the General Prosecutor Augustin Lazar.

Continental to list powertrain division mid-2019

Continental is moving ahead with an initial public offering of its powertrain unit and new corporate structure in the car-parts maker's biggest overhaul in decades.

Romanian M&A market speeds up in Q2, says Deloitte

The M&A market in Romania marked a significant recovery in the second quarter of this year, reaching 391 million Euro, compared with 258 million Euro in the first three months of the year. Accor...

Vardinogiannis Group finalized the acquisition of Marfin Bank in Romania

Vardinogiannis Group, one of the most solid and well capitalized business conglomerates in Europe, finalized the acqusition of Marfin Bank, after receiving approval from the National Bank of Rom...

PayU expands to Israel through ZOOZ

PayU, the leading financial services provider in global growth markets, announced the acquisition of ZOOZ, the payment technology platform that operates in Israel. The transaction supports the c...

Engie acquires Romanian IoT company Flashnet, specialized in Smart Public Lighting

ENGIE announces the acquisition of 60 per cent of Flashnet, a Romanian Internet of Things (IoT) company.

TransferGo receives electronic money license

TransferGo, the international fast online transfer company, has been granted its e-Money license from the Bank of Lithuania. The license allows electronic money storage & transfer and other fina...

Garanti Consumer Finance signs a loan agreement for seven million Euro with The Black Sea Trade and Development Bank

Garanti Consumer Finance, part of the financial group Garanti Romania, has signed a loan agreement of seven million Euro with the Black Sea Trade and Development Bank (BSTDB).

Healthy Central European private equity activity levels set to continue, says Deloitte

The strong momentum underway in Central Europe's private equity markets should continue, according to the latest Deloitte Central Europe Private Equity Confidence Survey.

Dacia posts half-year sales record

Dacia posted a half-year sales record in Europe with 281,225 vehicle registrations (up 14.6 per cent) and a record 2.9 per cent share of the market, according to world sales result published by ...

Romelectro to modernize the Smardan power station following 23 million Euro project

The association between Romelectro SA and Electromontaj SA, as a general contractor, recently won the tender organized by CNTEE Transelectrica SA for the modernization of the Smardan power stati...

CEZ Group in Romania ended 2017 at a net profit level

CEZ Group in Romania ended 2017 with better results than in 2016 at a net profit level. Last year brought for CEZ Group in Romania a profit before interests, taxes, depreciation, and amortizatio...

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Editorial

Daily Info
Oil Terminal cuts wages by 25 per cent for ten days
Oil Terminal suspends full wage payment for ten days in order to reduce expenses. Almost a thousand employees will be affected by the measure decided after the company concluded the first semester of the year w...

Dacia Mioveni plant in Romania reaches 50 years of activity
The Dacia car plant in Mioveni, Romania, celebrated 50 years since producing the first Dacia car on Monday, August 20.

Quarterly distribution of dividends - benefits vs costs
In July 2018, Romania joined the European Union countries where companies can distribute dividends to shareholders on a quarterly basis. This change in the Company Law is extremely welcome and has been long awa...

PayU expands to Israel through ZOOZ
PayU, the leading financial services provider in global growth markets, announced the acquisition of ZOOZ, the payment technology platform that operates in Israel. The transaction supports the continued expansi...

Romelectro to modernize the Smardan power station following 23 million Euro project
The association between Romelectro SA and Electromontaj SA, as a general contractor, recently won the tender organized by CNTEE Transelectrica SA for the modernization of the Smardan power station. The total va...