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ENERGY

General Electric to provide turbine technology for the new combined-cycle power plant in Iernut

2017-06-27 10:31:25
General Electric (GE) has been awarded an order from the consortium Duro Felguera (DF Energy) - Romelectro for core technology in a new combined-cycle power plant from Romgaz in Iernut, Romania....

ECONOMICS

Fondul Proprietatea urges President Iohannis not to promulgate the Ports Law

2017-06-26 14:34:29
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...

POLITICS

President Iohannis to hold political consultation to designate future PM

2017-06-26 10:04:06
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.

ENERGY

Hidroelectrica posts 165 million Euro profit in five months

2017-06-23 14:42:07
Hidroelectrica registered a gross profit of 743.7 million RON (around 165 million Euro) in the first five months of 2017, representing an increase of 26 per cent compared to the same period in 2...

APPOINTMENTS

TotalSoft appoints Dania Selaru as EAS Executive Director

2017-06-22 11:49:48
TotalSoft, one of the leading software providers in Romania, announces the appointment of Dania Selaru as Executive Director, to further develop and execute the company's Enterprise Application ...

REAL ESTATE

Colliers to manage Art Business Center, the building with one of the largest private hospital in Romania

2017-06-20 13:40:46
The real estate consultancy company Colliers International was assigned by Hili Properties group to provide property management services for the Art Business Center office project, which houses ...

ENERGY

Enel's CEO Francesco Starace is the new president of EURELECTRIC

2017-06-20 09:59:26
Francesco Starace, CEO of the Enel Group, was appointed as new president of EURELECTRIC, the association representing the electricity industry at the pan-European level.

APPOINTMENTS

European Petroleum Refiners Association appoints Bela Kelemen as new president

2017-06-19 15:23:02
Members of the European Petroleum Refiners Association unanimously appointed Bela Kelemen as President of the Association for the next two-year term. The Brussels based association represents in...

INVESTMENTS

FAN Courier foundation launched the Light for Romania project

2017-06-19 11:54:41
Several needy families, including 16 children from Ursita village in Iasi County benefit today of electricity brought to their homes with the help of FAN Courier foundation and Free Miorita Asso...

ECONOMICS

Societe Generale European Business Services reaches 1,000 employees in the shared service in Bucharest

2017-06-15 13:22:27
Societe Generale European Business Services, the shared service center for Societe Generale Group, has reached 1,000 employees due to an accelerated growth over the last three years. Societe Gen...

INVESTMENTS

Autoliv to open engineering centre in Palas Iasi project

2017-06-14 13:45:30
The Iulius Company signed a partnership with Autoliv, a global leader in the manufacture of automotive safety systems, as per which the Romanian subsidiary of the Swedish manufacturer will open ...

APPOINTMENTS

Sinziana Pardhan joins P3 as new acquisitions director in Romania

2017-06-14 13:09:47
Pan-European logistics property investor-developer P3 has appointed Sinziana Pardhan as its new acquisitions director in Romania, a press release shows.

INVESTMENTS

Prysmian opened a 25 million Euro cable plant in Slatina

2017-06-14 12:42:15
Prysmian Group, world leader in the energy and telecom cable systems industry, inaugurated its largest optical cable plant in Europe located in Slatina, after a 25 million Euro investment.

ECONOMICS

UNSAR launched its own financial education platform for the insurance industry

2017-06-12 16:38:19
The National Association of Insurance and Reinsurance Companies in Romania (UNSAR) has launched its own online financial insurance education platform, the first such project in the insurance ind...

ECONOMICS

Telekom and Ericsson presented the 5G technology in Romania

2017-06-12 12:57:46
Telekom Romania and Ericsson have brought the next generation of wireless technology one step closer to Romanian people, after conducting in Bucharest the first 5G demonstration in South Eastern...

APPOINTMENTS

Reff & Asociates appoints new real estate practice head

2017-06-07 15:15:12
Reff & Associates, the law firm representing Deloitte Legal in Romania, announces that Irina Dimitriu, associate partner, is taking over the role of head of the real estate practice as Robert Io...

ECONOMICS

Cristian Covaciu (IPEC) to represent Romania at EY World Entrepreneur of The Year 2017

2017-06-07 12:05:55
The seventeenth edition of the EY World Entrepreneur of the Year starts today in Monte Carlo and will end on June 11, 2017. 59 qualified entrepreneurs from 49 countries will compete for the gran...

ECONOMICS

Tourist number up by 11 per cent in April

2017-06-06 16:37:26
The number of tourists this April reached 808,700, up 11.5 per cent year-on-year, the National Institute of Statistics (INS) said in a release, according to Agerpres.

APPOINTMENTS

NN appoints Anna Grzelonska as new CEO

2017-05-31 14:34:57
Anna Grzelonska, currently Chief Operating Officer of Nationale Nederlanden Polonia, was appointed as the new CEO of NN Asigurari de Viata, with effect from 1 July 2017. She is replacing Marius ...

ECONOMICS

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

2017-05-24 14:00:47
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 ...

ECONOMICS

Vienna Insurance Group posts profit of 110 million Euro in Q1

2017-05-23 10:58:47
Vienna Insurance Group reported a profit before taxes of around 110 million Euro in the first quarter of 2017, according to a press release.

ECONOMICS

Eberspaecher forecasts slight increase in revenue for 2017

2017-05-16 15:44:04
The German automotive supplier Eberspaecher forecasts sustained positive income development with a slight increase in revenue for 2017, a press release shows.

REAL ESTATE

Liberty Center reached 70 per cent occupancy rate in the last six months

2017-05-16 10:10:26
The occupancy rate in Liberty Center Shopping Mall reached a level higher than 70 per cent in the last six months, after attracting new tenants for 18 per cent of the shopping centre's area, dat...

REAL ESTATE

Land transactions volume reached record high last year in Bucharest, says C&W Echinox

2017-05-10 16:15:17
Last year, in Bucharest the total land area transacted was of 110 ha, the highest volume recorded in the last ten years, according to C&W Echinox. In terms of value, land transactions amounted 1...

APPOINTMENTS

Teraplast appoints Mirela Pop as new CEO

2017-05-10 14:18:53
Teraplast Group, the largest PVC processor in Romania and one of the leading manufacturers of materials for construction and installation market, is having starting with May 9th, 2017 a new Chie...

ECONOMICS

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

2017-05-09 16:36:24
The Austrian investors see Romania as an excellent investment destination and the largest market in the South-Eastern Europe, according to Gerd Bommer, the Austrian Embassy Commercial Counsellor...

ECONOMICS

UPC Romania posts six per cent increase in Q1 revenues

2017-05-08 16:52:44
UPC Romania, part of Liberty Global group, has seen an increase of six per cent in terms of revenues in Q1 2017, up to 178.4 million RON (39.6 million Euro), a press release shows.

REAL ESTATE

Bucharest total office space take-up reached 100,000 sqm in Q1

2017-05-08 15:56:17
Q1 2017 saw class A & B take-up reach approximately 97,300 sqm, according to Knight Frank Romania. There were 9,550 sqm delivered in two projects in CBD (Central Business District), and the aver...

ECONOMICS

Borza: Hidroelectrica would get one billion Euro for listing on the stock exchange

2017-05-08 15:33:10
Hidroelectrica could get one billion Euro from listing on the stock exchange if the process would run this year, but the funds should go to the state budget, as the energy producer does not need...

ENERGY

Mol Group net profit up by 24 per cent to 323 million Euro in Q1

2017-05-05 13:10:00
Mol Group announced its financial results for Q1 2017, with net profit up by 24 per cent year-on-year to 323 million Euro. In the first quarter, all business segments (upstream, downstream, cons...

ECONOMICS

Erste Group posts net profit of 262 million Euro after Q1

2017-05-05 10:09:18
Erste Group registered a net profit of 262.2 million Euro after the first quarter of 2017, a press release shows.

ECONOMICS

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

2017-05-04 16:20:47
Business Lease Group, a Dutch company specializing in providing full mobility solutions to companies in Central and Eastern Europe, opens a new operational centre in Cluj. This expansion aims to...

ECONOMICS

Faurecia to develop interior and safety technologies for self-driving cars

2017-05-04 10:57:24
French car parts supplier Faurecia said it signed a partnership agreement with German company ZF to develop interior and safety technologies for self-driving cars, according to Reuters.

ECONOMICS

UPS generates 6.2 per cent revenue growth in Q1

2017-05-03 12:33:57
UPS announced first-quarter 2017 operating results with revenue growth across all segments. The company improved earnings per share by 3.9 per cent versus the same period in 2016. The improved...

APPOINTMENTS

Gerke Witteveen, CFO of NN Life Insurance, is the new president for Netherlands Romanian Chamber of Commerce

2017-05-03 12:14:57
The Netherlands Romanian Chamber of Commerce (NRCC) Board of Directors appointed as its new president Gerke Witteveen, CFO of NN Life Insurance, a longstanding member of the NRCC.

ECONOMICS

Apple posts fall in iPhones sales

2017-05-03 11:16:42
Apple Inc reported a fall in iPhone sales for the second quarter, indicating that customers had held back purchases in anticipation of the 10th-anniversary edition launch of the company's most i...

ECONOMICS

Oltchim achieved 2.2 million Euro gross profit in Q1 2017

2017-05-03 10:39:31
The consortium of legal administrators formed by Rominsolv SPRL and BDO Business Restructuring SRL together with the executive management of the company and the special administrator informs tha...

ECONOMICS

IMF approves second loan tranche to Moldova

2017-05-02 14:17:06
The International Monetary Fund said its board has approved the disbursement of a second loan tranche to Moldova worth 21.5 million USD, according to Reuters.

ECONOMICS

TotalSoft appoints Yusuf Onder Eren as CEO

2017-05-02 12:08:52
TotalSoft, one of the leading software providers in Romania, announces the appointment of Yusuf Onder Eren as Chief Executive Officer, to drive the company's international development, as well a...

REAL ESTATE

Logistics and industrial spaces close to full occupancy in Q1

2017-05-02 11:35:29
Vacancy rate for logistics and industrial spaces in Bucharest is close to zero, with low deliveries of new projects and high demand in the first quarter. According to data from JLL Romania, only...

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Most read Daily Info
» TotalSoft appoints Dania Selaru as EAS...
» Hidroelectrica posts 165 million Euro ...
» World population to hit 9.8 billion by...
» President Iohannis to hold political c...
» Fondul Proprietatea urges President Io...
» General Electric to provide turbine te...
Read in the Print Edition
Romanian Energy Awards 2017: performance and exceptional accomplishments

The Diplomat - Bucharest celebrated the winners of 21 assigned categories for both conventional and renewable energy, within a prestigious event continuing the annual tradition of acknowledgment of performance ...