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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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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 ...

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,...

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...

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.