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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
Read all News >>

Print edition

POLITICS

Four new ministers at Transports, Communications, Education and Relations with Romanians Abroad

July brought novelties in ministerial structure, with Prime Minister Dacian Ciolos discharging four ministers: Dan Costescu (Transports), Marius Bostan (Communications), Adrian Curaj (Education) and Dan Stoenes...

ECONOMICS

John Griffin, Australia's Ambassador to Romania

"I want to promote Romania as a potential destination for Australian investors"

ENERGY

Transgaz and Transelectrica to sign agreements with specialized companies in Vietnam

During the visit of Dacian Ciolos, Prime Minister of Romania, to Vietnam in mid-July, Transgaz and Transelectrica signed Memoranda with specialized companies, the Energy field receiving increased attention in t...

REAL ESTATE

ParkLake scheduled for opening on September 1

Sonae Sierra and Caelum Development announced the opening date for ParkLake as September 1, 2016. The doors will open to the public and a new attractive shopping experience will become available in the heart of...

INFRASTRUCTURE

CCIFER: Infrastructure is essential indicator of economy's competitiveness

The representatives of French companies in Romania have recently launched the "White Paper of Construction", through which foreign investors get informed about the state of infrastructure of a country before in...

INVESTMENTS

Wizz Air invests 100 million Euro in its Bucharest base

In late May, Wizz Air announced the increase of its transport capacity by adding a new aircraft to its Bucharest base. Starting November 2016, the Romanian capital will have nine planes, according to Capital. T...

AGRIBUSINESS

Government reduces VAT for agricultural services, seeds, pesticides and fertilizers to nine per cent

VAT for agricultural services, seeds, pesticides and fertilizers is set to decrease from 20 per cent to nine per cent, announced Prime Minister Dacian Ciolos in late June, most probably starting on 1 August thi...

GREEN

1.1 million Euro Norwegian Grants for SIGUREC development in terms of WEEE and glass

The Norwegian Government, through the Norwegian Grants, has co-funded with 1.1 million Euro the SIGUREC project to collect recyclable waste implemented by GreenWEEE International, whose total value amounts to 2...


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Reports

REPORTS

Insurance: Consolidation and digital technology reshape the market

While the Romanian market sees companies such as Astra and Carpatica Asig going bankrupt, major shift and a new consolidation is expected during the next years, Ovidiu Demetrescu, partner, London Brokers, tells The Diplomat- Bucharest. And the 400-brokerage market will go down to just 250 players in the next five years. By Bogdan Tudorache

Features

COUNTRY FOCUS

French investments in Romania: A Tint of Savoire-Faire

France and Romania became business partners in the early 90s and since then the bonds have been built on trust and mutual commitment. Currently, France is the fifth-largest foreign investor and the fourth-largest trading partner of Romania, intending to keep enhancing its footprint

SECTOR ANALYSIS

2016's Courier Industry: Testing the Waters

Romania's courier business is pretty dynamic these days and tends to become more and more high tech as players are trying to find innovative solutions to keep up with users' need for mobility. Credit card payment on delivery through MPOS, or collection points or parcel lockers that Romanians can access at any time will soon become a common practice

COUNTRY FOCUS

Local potential, converted to competitive leads

Romania and US develop a joint cooperation and strong partnership in economy trade and regional security, based on optimist figures on macroeconomic perspective. US Ambassador and AmCham top representatives detail on main aspects to be further addressed. By Magda Purice

COUNTRY FOCUS

The US bond

Keep it simple and safe, would be a possible axiom of bilateral trade and diplomatic bonds between Romania and US, consolidating a strong dialogue at every named level. The Diplomat – Bucharest talked with several major companies, representative institution and US Embassy to take the pulse of investment trend, strategic bond and prospects on the local market By Magda Purice

 
 
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