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

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.

Commissioner Cretu underscores need for monitoring implementation of major projects in Romania
Uber to launch carpool service in Romania by 2020
BMW Group explores Romanian IT industry opportunities
Illegal logging in Romania reduces in 2016
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Print edition

POLITICS

Romanians elect Klaus Iohannis their new president for the next five years

Klaus Werner Iohannis, ethnic German and Sibiu mayor won the second and final round of presidential run-off of November 16 against his opponent, current prime minister Victor Ponta

ECONOMICS

Eurostat: Romania to register the highest GDP growth in the EU in Q3

In early November, Romania recorded the highest GDP growth in the European Union (EU) in the third quarter of this year, of 1.9 per cent, in comparison with the previous quarter, ranking second after Poland, ac...

ENERGY

Transelectrica inaugurates 220/110 kV Barbosi station

In late October, the National Company for Power Grid Transelectrica inaugurated the 220/110 kV Barbosi station in Galati with the completion of refurbishment works

REAL ESTATE

Competition Council approves the acquisition of Promenada Mall worth 148 million Euro by NEPI

New Europe Property Investments (NEPI) has been negotiating the purchasing of Promenada Mall in Bucharest worth 148 million Euro from Raiffeisen Investment

INFRASTRUCTURE

Infrastructure deliveries status this year: less than half compared to 2013

The Romanian National Company of Motorways and National Roads (CNADNR) announced it would deliver 56 km of highway by year-end, less than half compared to 2013, when 119 km was completed

INVESTMENTS

30 million Euro in oil fuel deposits in Tazlau

In mid-November, OMV Petrom, part of the Austrian OMV Petrom group, the largest oil and gas producer in Southeastern Europe, announced it would invest about 30 million Euro between 2014 and 2015 in the redevelo...

AGRIBUSINESS

Romanian farmers gathered the largest soybean crop in the last nine years

Romanian farmers have harvested this fall 221,000 tons of soybeans, up by 47 per cent from last year, making it the largest production in the last nine years

GREEN

Oradea municipality invests four million Euro in geothermal energy

In early November, Oradea municipality announced that it had signed a geothermal energy recovery project in order to produce heat, a project worth over four million Euro (17.6 million lei)


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Reports

REPORTS

With the Gas market still emergent, all hopes immerse in the Black Sea

Romania has over 150-year history in oil and gas production and looks with great hopes in the deep of the Black Sea, expecting to find new deposits, especially natural gas

Features

SECTOR ANALYSIS

The future of telecom

In 2015 the world of telecom will be the perfect place to experience. According to Ovum studies and analysis, in 2015 one billion people will use mobile as their only form of Internet access in 2015. This means that we will have to think mobile in all the things we do, whether we are a mobile data user, a mobile data provider, a small business or an NGO

SECTOR ANALYSIS

Bucharest's top hotels: Capitalizing on modern times

In Bucharest, mainly a business travel destination, the five- and four-star hotel market players engage in competition, aimed at offering those premium services without which no pretentious white-collar guest could imagine a satisfying stay in the "full-of-contrasts" Romanian capital

BUSINESS LEADERS

Vestas in Romania new steps for a consolidated position

With a strong organization and deep understanding of the business Vestas CEU Romania is fully prepared to acknowledge and accomplish our customer's needs building up long term relations and supporting our customer's developments in the region.

SECTOR ANALYSIS

Shared services, shared growth

The challenge of deciding which economy segment has really advanced in the last few years is only a matter of perspective. We merely have to look beyond the walls of office buildings.

SECTOR ANALYSIS

Automotive Leasing: Drivers' Education Beyond Your License

In an increasingly complex market with various factors to be considered, the operational leasing players have to find new resources to reach their clients, acting to tailor their offerings to technology trends or financial services

COUNTRY FOCUS

Austria trusts Romania and seeks strong ties

Before ending his four-year mission in Romania in mid-September, Michael Schwarzinger, the Austrian Ambassador to Bucharest when the interview was conducted, discussed with The Diplomat's Alexandra Lopotaru the status of the second-largest foreign investor on the local market, with 11 billion Euro of injected capital, and stressed the links that tightened the two countries over the years

SECTOR ANALYSIS

Romania's nuclear bridge to the 2030s

COUNTRY FOCUS

Sino-Romanian business: re-Orienting?

This year, it appears that China moved closer to Romania; not that the geography has changed in the meantime, but due to seemingly more frequent signs of business which connects the two countries. The Diplomat-Bucharest mapped the main local economy fields where Chinese investors showed interest or have even already invested, and sought to find out if business is spelled the same in both markets

COUNTRY FOCUS

Sprechen Sie Business

With a long-established economic tradition on the Romanian market and 11 per cent share within the overall local FDI, German investors set a benchmark in local economy, box-checking each strategic economic field, in terms of direct investments in Romania

COUNTRY FOCUS

The German Konfidence

Romania is still very attractive for German companies and is perceived as a good business location, and if asked, the majority of companies would invest in Romania again. The statement is both a commitment as well as an invitation for the local environment's stakeholders not only to keep but to deliver those improvements awaited for so long by foreign investors. The Diplomat-Bucharest talked with the German Diplomatic staff.

COUNTRY FOCUS

The Austrian - Romanian link. How strong is it?

In mid-September, The Diplomat-Bucharest and Austrian Business Club organized the "Focus on Austrian commitment to Romania" conference to highlight the economic bonds that tighten both countries

SECTOR ANALYSIS

Lower energy consumption should be seen with caution, but has a silver lining

The drop in electricity and gas consumption has sparked heated debates during the "Energy Consumption Decline-Threat or Opportunity?" conference, organised by The Diplomat-Bucharest under the auspices of the National Energy Regulatory Authority (ANRE) in late September.

 
 
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