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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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Foreign Minister Aurescu attended the NATO-Ukraine Commission meeting in May

Romania's Foreign Minister Bogdan Aurescu attended a meeting that took place on May, 13th, in Antalya, Turkey, of the NATO-Ukraine Commission which discussed the latest developments in security in eastern Ukrai...


Government allocates 5.6 million Euro for RAAN to produce heavy water, without fearing work stoppages

The National Administration of State Reserves and Special Problems (ANRSPS) will buy, within the maximum amount of 25 million RON (around 5.6 million Euro), heavy water from the Autonomous Administration for Nu...


ArcelorMittal has invested three million Euro to modernize steelworks

In early May, ArcelorMittal Galati announced that the company has invested three million Euro for the implementation of a steelworks modernization project aimed at increasing the energy efficiency of the plant...


Garanti Bank finances Sunflower Grand Apartments project with EUR six million

Garanti Bank announced it granted a six million Euro loan to General Concrete Land Development for the financing of the residential project Sunflower Grand Apartments in Bucharest


CNADNR pays 173 million RON for three km of Bucharest-Ploiesti motorway

The Romanian National Company of Motorways and National Roads (CNADNR) launched an auction for a design project of the three-km segment of the Bucharest-Ploiesti highway, for 173 million RON, or 38.9 million Eu...


Timos Tsokanis

Starting on May 1, 2015, Timos Tsokanis will take over the position of Chief Technology and Information Officer at Telekom Romania, after an interim period of three months on the position. Tsokanis has 20 years...


RPF Development injects 11 million Euro into third phase of Vitan Residence 2

Romanian Property Fund (RPF) Development, the real estate developer of the Vitan Residence compound located in the Mihai Bravu area, expects to start construction of the third phase of Vitan Residence 2 in Augu...


Romania and Qatar to initiate bilateral agricultural bonds for the first time

Romania’s Minister of Agriculture and Rural Development (MADR) Daniel Constantin met on May 24 in Doha, Qatar, with his counterpart, Minister of Environment Ahmad Al-Hemaidi to initiate bilateral relations in...


1.4 million Euro Norwegian funding to support selective waste collection in Romania

Through the Norwegian grants, the Norwegian Government co-financed with 1.4 million Euro a project designed to collect recyclable waste from households, implemented by Total Waste Management, part of recycling ...



Romanian Energy Awards 2015 - Commitment, a KPI indicator in energy

In May this year, after more than a month of intricate deliberation process conducted by a prominent Jury, The Diplomat - Bucharest celebrated the winners of 20 assigned categories for both conventional and renewable energy, within a prestigious event continuing the annual tradition of acknowledgment of performance and exceptional accomplishments in the Romanian energy sector


The Renaissance of Outsourcing

Outsourcing's Renaissance is a fresh concept emerging on the local market, referring to a shift of paradigms in patterns of doing business. In past years, together with the ceaseless newly-launching technologies in the IT&C sector, outsourcing closely followed this development trend and it is no wonder that Romania is now one of Europe's most-sought destinations for business services investors, such as BPO, ITO or SSC segments,



Office sector, on the road to recovery: How's the 2015 stop?

The real estate market is still mending its wounds after the economic turmoil and more and more activity is seen in the office sector. While demand and supply are on an upward trend, The Diplomat's Alexandra Lopotaru talks to Romania's front office to discuss whether the current growth pictured in the market is too optimistic or not


Czech Ambassador: 'Romania is taking large steps towards improvement'

The Czech Republic shares with Romania not only similar history, but also economic grounds. The country ranks 14th in the top 20 foreign investors in Romania, with a total FDI of one billion Euro, counting more than 800 companies registered on the local market. Alexandra Lopotaru talks to the new Ambassador of the Czech Republic in Bucharest, Vladimir Valky, and to Czech investors to discuss the bonds between the countries


Dust off the Welcome mat - Residential projects on the rise

Romania's residential real-estate sector continues to hit a home run this year, after 2014 registered record sales volumes and new stock entered the market. More than 3,300 units are expected to be delivered by the end of the year and part of them are already sold even before the construction authorizations are released. The Diplomat's Alexandra Lopotaru talks to important consultants and developers to see how long the enth

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