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REAL ESTATE

Office stock to increase by 350,000 sqm this year, says Colliers

2017-03-24 15:25:46
Romanian office market registered last year the highest rate of deliveries in the last seven years, and the upward trend will continue in 2017. This year, the stock of office spaces will increas...

ECONOMICS

VIG profit doubled to around 407 million Euro last year

2017-03-24 12:14:32
Vienna Insurance Group (VIG) profit before taxes more than doubled to around 407 million Euro last year, according to preliminary figures for 2016.

ENERGY

Enel to invest 329 million Euro in Romania in 2017-2018

2017-03-24 09:40:05
Enel has planned investments for a total of 329 million Euro for the current regulatory cycle ending in 2018, of which of over 151 million Euro are due for 2017 and 178 million Euro for 2018.

ECONOMICS

Commissioner Cretu underscores need for monitoring implementation of major projects in Romania

2017-03-22 14:27:30
European Commissioner for Regional Policy Corina Cretu welcomed Romania's Minister of Research and Innovation Serban-Constantin Valeca in Brussels to discuss the latest developments in the imple...

ECONOMICS

Uber to launch carpool service in Romania by 2020

2017-03-22 12:07:00
Uber Romania said that the app reached 250,000 users in 2016, three times higher than the launch in February 2015, with Romania ranking second in Central and Eastern Europe after Poland in terms...

ECONOMICS

BMW Group explores Romanian IT industry opportunities

2017-03-22 09:45:50
BMW Group officials have come to Romania to start discussions about collaboration with IT&C companies to provide software solutions for BMW.

ECONOMICS

Illegal logging in Romania reduces in 2016

2017-03-21 14:12:56
Preliminary data in a 2016 report on Romania's forestry indicate that illegal logging was down in 2016, said the Romanian Ministry of Water and Forestry (MAP), according to Agerpres.

REAL ESTATE

Investors pour more money into the booming CEE hotel industry, says Cushman & Wakefield

2017-03-20 16:13:46
The investment volume achieved in 2016 totalled almost 1.2 billion Euro with 46 transactions recorded in core CEE hotel investment markets, while in 2015 reached just over 700 million Euro with ...

REAL ESTATE

S IMMO AG completes the first phase of Sun Plaza remodelling

2017-03-20 15:52:54
S IMMO AG completes the first part of the remodelling process for Sun Plaza shopping centre in Bucharest. On March 23rd, the newly reconfigured area within Sun Plaza will open to the public, hos...

ECONOMICS

Alison Hayes concentrates in-house production in Buzau, services in Urziceni

2017-03-17 13:00:36
Alison Hayes is reorganizing its business processes in Romania, to improve the production and logistics functions in an operationally more efficient way to better meet demand from its customers....

REAL ESTATE

AFI Europe Romania reached 46 million Euro net operating income in 2016, 15.5 per cent up compared to 2015

2017-03-15 15:26:01
The Romanian subsidiary of real estate company AFI Europe announced a 46 million Euro net operating income in 2016, up 15.5 per cent against the previous year, according to company data.

REAL ESTATE

DTZ Echinox rebrands as Cushman & Wakefield Echinox

2017-03-14 15:17:01
Cushman & Wakefield, a leading global real estate services firm, has signed an exclusive arrangement with DTZ Echinox as its affiliate in Romania. The formal affiliate appointment follows the 20...

AGRIBUSINESS

Agricover Credit IFN reached 22 million RON net profit last year, 28 per cent up compared to 2015

2017-03-14 14:05:12
Agricover Credit IFN, the non-banking financial institution specializing in financial services in agriculture, announced the net profit registered last year is worth 22 million RON (4.8 million ...

REAL ESTATE

Sonae Sierra reached over 180 million Euro net profit in 2016

2017-03-13 16:23:55
Sonae Sierra, the international property company dedicated to dedicated to retail real estate development, recorded a net profit of 181 million Euro in 2016, compared to 142 millione Euro in 201...

ENERGY

ACUE pleads for gradual deregulation of natural gas purchase prices for population and CETs

2017-03-10 10:17:17
The Federation of Associations of Energy Utility Companies (ACUE) fully supports the liberalization of the gas market in Romania only with the necessary elements to ensure its functioning transp...

REAL ESTATE

Commercial property investments in Romania exceeded 850 million Euro last year, says DTZ

2017-03-09 13:54:33
In 2016, the total volume invested in commercial property in Romania exceeded 850 million Euro, a DTZ Echinox report shows. Bucharest attracted 660 million Euro, which represents 77 per cent of ...

ECONOMICS

Demand for sustainable development increased significantly throughout 2016, says BuildGreen

2017-03-09 12:35:25
BuildGreen, Romania's development, design and green building certification company, ended the year 2017 with a portfolio increase of over 100 per cent, surpassing the level of 2,7 million sqm of...

ECONOMICS

EU funds worth 90 million Euro to develop Romanian spa sector

2017-03-09 11:48:38
The spas of Romania must be promoted as major interest destinations for the citizens of all European countries, and the 90 million Euro allocation from the European Union for 2014 - 2020 could d...

APPOINTMENTS

Action Global Communications appoints Chris Christodoulou as new CEO

2017-03-07 12:00:17
Action Global Communications has announced the launch of the agency's new corporate identity, now being led by its new CEO, Chris Christodoulou, who has taken over from the group's founder Tony ...

ECONOMICS

Eurostat: Romania registers lowest pay gap between men and women in management positions

2017-03-06 14:13:29
In each European Union member state, male managers won in 2014 more than women in management positions, but the lowest pay gap was registered in Romania, show the data of the European Statistics...

REAL ESTATE

The Bridge to host the biggest restaurant within an office building in Bucharest, says DTZ

2017-03-06 13:31:18
The Bridge business centre, developed by Forte Partners, will host Boutique Food Hall, the biggest restaurant within an office building in Bucharest, with an area of over 1,000 sqm, following a ...

ECONOMICS

ALD Automotive to launch fleet management app in Romania

2017-03-06 12:22:41
French-based ALD Automotive Romania, one of the largest operational leasing and fleet management companies on the local market, launches new mobile and web solution for fleet managers, a press r...

ECONOMICS

BRUA pipeline to operate in 2020 when Exxon, Petrom will extract Black Sea gas

2017-03-06 11:10:02
The works at the BRUA (Bulgaria - Romania - Hungary - Austria) pipeline will start at the end of 2017, and the gas pipeline will turn operational in 2020, when ExxonMobil and OMV Petrom will com...

ECONOMICS

PSA pays GM 2.2 billion Euro for Opel

2017-03-06 10:28:53
PSA Group has agreed to buy Opel from General Motors in a deal valuing the business at 2.2 billion Euro, creating a new regional car giant to challenge market leader Volkswagen, Reuters news rea...

ECONOMICS

Telekom Romania posted adjusted EBITDA of 175 million Euro for entire 2016

2017-03-02 12:55:06
Telekom Romania Communications and Telekom Romania Mobile Communications announced key performance indicators in fourth quarter 2016, ended December 31, 2016, as reported today by OTE Group. Tel...

REAL ESTATE

ESOP Consulting assisted Harman International on a lease agreement for 7,700 sqm in Metroffice

2017-03-02 12:31:38
American company Harman, designing and engineering connected products and solutions for automakers, consumers and enterprises worldwide, signed a lease agreement for 7,700 sqm in Metroffice, the...

ECONOMICS

Romania Green Building Council launches recommendations for the National Renovation Strategy

2017-03-01 16:06:24
Romania Green Building Council launches a set of recommendations for Romania's new National Renovation Strategy, that the Romanian Government should present to the European Commission by end of ...

APPOINTMENTS

Praktiker Romania appoints new general manager

2017-03-01 12:39:54
Miroslaw Huczek has been appointed new general manager of Praktiker Romania, starting March 2017, a press release shows.

ECONOMICS

Government willingness to move Hidroelectrica IPO forward as quickly as possible, says Greg Konieczny (FP)

2017-03-01 10:47:35
Romanian Government is willing to move the Hidroelectrica IPO process forward as quickly as possible, according to Greg Konieczny, portfolio manager of Fondul Proprietatea and executive vice pre...

REAL ESTATE

Immofinanz leased over 80,000 sqm of its Bucharest office portfolio last year

2017-02-28 14:59:35
Immofinanz, one of the leading real estate investors in Romania, has leased over 80,000 sqm of its Bucharest office portfolio in the abbreviated financial year 2016, the equivalent of 10,000 sqm...

ENERGY

Mol Group reached almost one billion dollars profit in 2016

2017-02-28 14:07:04
Mol Group announced its financial results for 2016 and the company delivered a clean CCS EBITDA of 2.15 billion dollars, which is only moderately down compared with the previous year, a press re...

REAL ESTATE

JLL appoints Silviana Petre Badea to lead Romania business

2017-02-27 13:05:07
JLL has appointed Silviana Petre Badea as managing director of its Romanian business, based in Bucharest, with effect from 1 March 2017.

ECONOMICS

Romanian transporters criticize taxi dispatch project to be implemented by Bucharest Municipality

2017-02-27 11:35:25
Romanian Confederation of Authorized Transporters and Operators (COTAR), an important organization in the road transport sector, announced today that totally disagrees the establishment of a cen...

ECONOMICS

Alevia to reach an estimated turnover of 5.8 million Euro in 2017

2017-02-24 12:34:28
Alevia, a Romanian company specialized in production of food supplements and teas, wants to achieve a turnover of 5.8 million Euro this year, a press release shows.

POLITICS

SRI and DNA have no protocol, says SRI Spokesman

2017-02-24 10:24:40
Spokesman of the Romanian Intelligence Service (SRI) Ovidiu Marincea stated that the SRI does not have any protocol with the National Anticorruption Directorate (DNA), but he added that there ar...

ECONOMICS

Romanian companies invited to attend privatization programme of Republic of Moldova

2017-02-22 13:17:27
Romanian companies are invited to attend the privatization programme prepared by the Economy Ministry of the Republic of Moldova for the second half of the current year, Moldovan Economy Ministe...

ENERGY

Ninety-seven percent of household waste ends up in landfills, says ARBIO

2017-02-21 14:48:48
As many as 97 percentage of Romania's household waste ends up in landfills, and Romania could be fined starting in 2020 about 500,000 Euro per day if it fails to bring the numbers to below 50 pe...

POLITICS

Dragnea: There is no risk of PSD getting destabilized

2017-02-20 16:17:31
Leader of the Social Democratic Party (PSD) Liviu Dragnea told a private broadcaster on Sunday that there is no risk of his party getting destabilised as he and the incumbent party leadership ha...

POLITICS

PM Grindeanu wishes for 2019 with no CVM for Romania

2017-02-17 12:13:42
Premier Sorin Grindeanu stated, on Thursday, at the headquarters of the European Commission, that he wishes in 2019 the Cooperation and Verification Mechanism (CVM) for Romania to be lifted, acc...

REAL ESTATE

Three office buildings to be developed by Iulius in Timisoara

2017-02-17 10:40:13
This spring, the Iulius company will start the construction works for three new class A office buildings within the Openville Timisoara mixed-use project, located near Iulius Mall, a press relea...

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Read in the Print Edition
Sneak peek into energy's future

In the light of the new National Strategy currently being debated, where Romania faces new challenges regarding the energy market, The Diplomat - Bucharest organized in late November the "Investments for ensuri...

Romania, Czech investors' reliable partner

Romania is not inch-perfect, but it still counts as a good destination on the foreign investor's map, as confirmed by the Czech community present at the second edition of the roundtable "Czech Investments in Ro...