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MIRELA GAVRA, THE DIPLOMAT-BUCHAREST
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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

Competition Council to provide expert advice to Parliament under agreement signed with Chamber of Deputies

Under a Cooperation Agreement initiated on November 23 by Chamber of Deputies' Speaker Valeriu Zgonea and Competition Council president Bogdan Chiritoiu, a Competition Council representative will work with the ...

ECONOMICS

The law on ten per cent wage increase for government employees, promulgated

In late November, Romania’s President Klaus Iohannis enacted the law approving Government Emergency Ordinance no. 35/2015 on staff salaries paid from public funds, which plans to increase their salaries by te...

ENERGY

KMG International to invest 5.6 million Euro in fuel delivery automation

In late November, KMG International, the group that owns Rompetrol Rafinare, announced that until 2018 it will allocate 5.6 million Euro (six million USD) for the modernization and automation of loading and unl...

REAL ESTATE

Skanska sells second office building in Bucharest for 47 million Euro

Skanska sold its Building B office facility of Green Court Bucharest to Globalworth Real Estate Investments Ltd

INFRASTRUCTURE

New terminal launched at the airport in Iasi

A new terminal of 3,600 sqm was launched at the beginning of November at the International Airport in Iasi, following an investment of 11 million Euro, airport staff announced

INVESTMENTS

14 million Euro Ramada Plaza Craiova cut the ribbon in late November

Four-star Ramada Plaza Craiova, the only Ramada Plaza hotel outside Bucharest, opened its gates in late November after an investment of 14 million Euro, counting 162 rooms, a conference centre, two gourmet rest...

AGRIBUSINESS

EC approves state aid scheme to compensate damage caused by drought this year

The European Commission (EC) has approved in mid-November the state aid scheme for the compensation of the damage caused by severe drought during April-September 2015, according to a press release of the Minist...

GREEN

Environmental agreements for the construction of four small hydro plants in Tarcu Mountains cancelled by the court

Environmental agreements issued by the Environmental Protection Agency Caras-Severin for the construction of four small hydro power plants (SHP) in the Tarcu Mountains were cancelled by the Timisoara Court of A...


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Reports

REPORTS

The Entrepreneur of the Year programme in 2015:Entrepreneurs change the world

The Entrepreneur of the Year programme, a trademark of EY, the only global entrepreneurial programme of its kind, continued its series with 2015's edition

REPORTS

Romania's helping hand in terms of refugee crisis

A friend in need is a friend indeed, they say, and the Sovereign Order of Malta proves to be in the front line when it comes to support Romania in offering shelter to refugees. Jakob Kripp, the Ambassador of the Sovereign Order of Malta to Romania, talked to Alexandra Cioboata (Lopotaru) about the Order's intention to increase cooperation with Romania on social and humanitarian projects

REPORTS

HR in Shared Services and Outsourcing Forum: Adapting is the buzz word

While launching Outsourcing-Today.ro, The Diplomat-Bucharest was host for its first annual event dedicated exclusively to the HR managers in the shared services and outsourcing industry. The event took place on October 28 at the InterContinental Hotel in Bucharest and was attended by 150 industry leaders. By Bogdan Tudorache

Features

COUNTRY FOCUS

Romanian capital: The journey goes on

Romania is seen by foreign investors as the most attractive and stable market within South Eastern Europe in which to invest nowadays, with major advantages in terms of labour cost and skilled professionals. But how do the local entrepreneurs and Romanian-based companies perceive the country? A special report by Alexandra Cioboata (Lopotaru), Bogdan Tudorache and Magda Purice.

BUSINESS LEADERS

ORANGE - When digitalization becomes the standard

The Diplomat - Bucharest's talks with Jean-Francois Fallacher, CEO Orange Romania, to reveal how Orange is planning to connect everyone to what really matters to them

SECTOR ANALYSIS

Outsourcing Today: Will robots overtake the BPS business?

Romanian and international business services leaders say automation is only here to help, to upscale human work and to ensure progress. As most of the industry repetitive processes will be replaced by top-shelf software programs, called either robots or cobots, the face of the industry as we know it will change, Bogdan Tudorache writes for Outsourcing Today.

COUNTRY FOCUS

Czech Investments Roundtable:

Romania's picture will keep heading towards a positive direction, as turning back is quite difficult, echoed the Czech community present at the first edition of the "Czech Investments in Romania Roundtable" organised in mid-November by The Diplomat - Bucharest. But where are the investors heading? By Alexandra Cioboata (Lopotaru)

BUSINESS LEADERS

Nuclearelectrica: A Romanian brand

When it comes to nuclear energy, Romania is top of the performance chain. Set up in 1998, Nuclearelectrica is today one of the most important producers in the country, covering approximately 20% of Romania's consumption needs

SECTOR ANALYSIS

In Vino est Prosperitatis

After an estimated six years of constant and relevant growth of the wine business in Romania, the taste for good wines emerged together with exigencies. The Diplomat - Bucharest asked the main wine producers on the local market about the fragrant opportunities and maybe not-so-sweet challenges of this full-bodied industry

SECTOR ANALYSIS

Romania's hospitality market: Already glowing, still growing

Romania's hospitality industry is putting the pedal to the metal in terms of volumes this year, especially in the leisure segment, but the rates are still lagging behind other countries in the region

BUSINESS LEADERS

Bogdan Padiu, Teamnet Group: More than 40% of our projects will be regional by 2018

Innovation, ambitious plans and Romanian intelligence have fuelled Teamnet Group's development over the past 14 years into one of the most important IT&C integrators in the region, with annual revenues close to 90 million Euro. The group plans to further capitalize on its vast expertise and capabilities in delivering complex products and projects, aiming to enhance its strategic development at international level

COUNTRY FOCUS

Austrians thrive in a recovering market

As the second largest investor in Romania, Austria has not reached the top by leaps and bounds, but by a steady and constant growth. In the context of a healing economy, Alexandra Cioboata (Lopotaru) talks to Austrian Ambassador Gerhard Reiweger and major players in order to stress the development of Austrian business community in Romania this year

SECTOR ANALYSIS

Operational leasing still hitting the gas. How much fuel is left?

Although still in its infancy compared to other countries, Romania's operational leasing industry saw constant growth in past years and specialized companies are confident that everything will keep coming up roses in the following period, especially over the next five years when it will witness double-digit growth y-o-y. Alexandra Cioboata (Lopotaru) talks to major players to detail their development in the first half of 2015

COUNTRY FOCUS

The German approach: cautious optimism

Romania and Germany have always maintained tight economic bonds, but since the election of Klaus Iohannis as Romania's President the cooperation between countries seems to have deepened. German investors are currently more optimistic towards the future compared to previous years, but still prefer to keep a prudent eye open. Alexandra Cioboata (Lopotaru) talks to the German Ambassador, to AHK's GM and to other important players

BUSINESS LEADERS

OMV Petrom: Reaching the 12 billion Euro investment mark

This year, OMV Petrom will invest one billion Euro, even if its first-half result was deeply affected by the steep descend in oil prices, the company`s CFO Andreas Matje tells The Diplomat - Bucharest. The company's net profit dropped about 25 per cent in the first six months of 2015, and the Capex (Capital Expenditure) is expected to fall by 30 per cent this year. By Alexandra Cioboata (Lopotaru) & Bogdan Tudorache

COUNTRY FOCUS

The Chinese good intention

Even built on the 65-year historical dialogue tradition between Romania and China, the bilateral trade exchanges and investment intentions of Chinese investors resulting in concrete projects in Romania are still moving in slow motion. The reasons are various, from the unstable predictability and multiple changes of Romanian fiscal and law setting, the multitude of guarantees asked by the Chinese partners, to the lack of a proper bu

 
 
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Most read articles
» Romanian capital: The journey goes on
» ORANGE - When digitalization becomes t...
» Czech Investments Roundtable:
» Romania's hospitality market: Already ...
» Outsourcing Today: Will robots overtak...
» Nuclearelectrica: A Romanian brand
» In Vino est Prosperitatis
» HR in Shared Services and Outsourcing ...
» Romania's helping hand in terms of ref...
» The Entrepreneur of the Year programme...