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Ratio between pensioners and employees could double by 2032 as compared to 2014, pension fund manager says

The ratio between pensioners and employees could double by 2032 as compared to 2014, which will cause problems in covering the necessary pension payments by the employees for those who enter the pu...

Damages to electricity networks caused by severe weather conditions do not increase the distribution tariffs, says ACUE

Lately, Romania confronted with extreme, unpredictable meteorological phenomena that have caused major damages, in large areas, to electricity distribution networks.

Orbis turnover increased to 62 million Euro in Q1

The Orbis Hotel Group turnover increased by 4.4 million Euro in Q1 2017 up to 62 million Euro, a press release shows. Group's EBITDA in the first quarter totalled 8.9 million Euro, representing y...

Deloitte Romania appoints Alexandru Reff as new country managing partner
Cushman & Wakefield Echinox expands its retail department with new appointment
Banca Transilvania posts 246 million RON profit in the first quarter of 2017
Greg Konieczny, FP: We really need a miracle to think about Hidroelectrica's IPO this year
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Going it alone with energy

Youthful mayor of Avrig in Sibiu county aims to create Romanias first energy independent town, reports Rupert Wolfe Murray


Ex-Youth Minister in corruption and cover-up probe

Romanias National Anti-corruption Department (DNA) has started an investigation against the former Minister of Youth and Sports, Monica Iacob-Ridzi, who is accused of abuse in service against the public intere...


Government shelved 370 million Euro loan for Metro for three years

Romania failed to take advantage of an approved 370 million Euro loan from the European Investment Bank (EIB) for upgrading the Bucharest Metro for three years, The Diplomat can reveal.


Spice up your life

Classic Indian gastronomy in a bohemian setting is on the menu at Musafir, writes Michael Bird


Indian steel to manufacture in Covasna


Italian industrial park for building materials


Kazakh petrol group launches new brand


Spanish fund picks up power project developer


Swiss media targets online rise


US media holding buys road constructor


MediaPro Entertainment arm sold close to home


US Pepsi bottler launches largest EU factory


Mr Alexandru Ciobanu will become the new CEO of housing bank BCR Banca pentru Locuinte, starting in the middle of October. Meanwhile the former CEO of BCR Banca pentru Locuinte, Mr Petre Tulin, has left to take...


Mrs Sorina Luminita Placinta, 44, has been appointed Minister of Youth and Sports, replacing Ms Monica Iacob-Ridzi. A member of the Democratic-Liberal Party (PD-L), Mrs Placinta was elected a senator in Vrancea...


Ms Alexandra Gatej, former CEO of Unilever southeastern Europe and ex-president of the American Chamber of Commerce in Romania, has been appointed presidential counsellor in internal and international affairs....


Mr Thierry Millet, 44, is the new executive director of Orange Romania. He replaces Mr Richard Moat, who has taken up the post of managing T-Mobile in the UK. Mr Millet was previously director of the commercial...


Mr Andreas Damaske has taken over the position of general manager of Bayer in Romania, acting as BayerHealthcare Representative and country division head Bayer Schering Pharma.


Mr Stefan Nanu, 34 has been appointed as Romanias representative in the World Bank for a four year mandate. He was formerly the general director of the Romanian State Treasury and has worked for the Ministry o...


Mr Mihai Ciprian David has been appointed general manager of state hydro energy company Hidroelectrica. He replaces Mr Traian Oprea. A member of the Social-Democratic (PSD) Party, Mr David was previously head o...


Mr Saduokhas Meraliyev is the new CEO of KazMunaiGaz-owned Rompetrol. He has been working as deputy general manager of the group since 2008. Mr Meraliyev replaces Mr Dinu Patriciu, who left the company after se...



Breaking the bribe culture in health

With doctors set to receive official payments for services in the state health sector as a bait to stop taking bribes, what are the punitive actions the Government could introduce to partner this incentive?


Public snubbed as legal codes fast-tracked

Romanias rushing of changes to its legal system is under attack for ignoring public and independent scrutiny, report Michael Bird and Ana Maria Nitoi


Tax holiday blues

Companies may rejoice at a new Government tax holiday, but the small print reveals they may instead be paying a higher price than they hoped for, writes Alexandra Pehlivan


Devil in the detail

The new civil and criminal codes are open to worrying forms of interpretation, argue civil rights groups


Home advantage

As Romania launches a campaign to boost its stagnating tourism sector, The Diplomat analyses which factors could be at the heart of a branding programme. Report by Michael Bird



Get with the net

With Romanians appetite for talk satisfied, operators are switching to broadband, fixed line and TV for expansion opportunities, writes Michael Bird


Asian connection

The financial crisis could be a chance for upgrading relations between South Korea and Romania, Ana-Maria Nitoi finds as she talks to charge daffaires Ro Sung-min


China targets energy rehab projects

Large public works in road and energy are of great interest to Chinese investors, Wang Xuanqing, economic and commercial counsellor of the Chinese Embassy to Bucharest, tells Ana Maria Nitoi


Staying power

Local tourism guru Paul Marasoiu solves a Romanian contradiction: why does it seem that Romanians are welcoming at home, but as soon as they work in a hotel or restaurant, they turn miserable?


State prepares for staff cull

A shaky economy and tough regulations from the IMF are prompting the Government to cut spending on personnel, as Marian Sarbu, Minister of Labour, Family and Social Protection, talks with Ana Maria Nitoi


No scrutiny: Parliament passes social shake-up laws without public debate


New giant makes cautious entry

Deutsche Telekom is slowly entering into the Romanian market as the German firm is set to pick up a large bulk of communications real estate but there are still hurdles ahead


Rental on the move

Operational leasing of cars and fleets is set to grow this year but there are threats to this dynamic industry, writes Alexandra Pehlivan

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