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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

ENERGY

GE wins new turbine deal for mega farm

GE Energy has recently won a contract to deliver 101 wind turbines with an installed power capacity of 2.5 MW for the farm which Czech Republic-based energy company CEZ is constructing in Fantanele and Cogealac...

DRIVING

Playing out in the open

Indulge in open-air fun with the elegant and sophisticated convertible, the A5 Cabriolet, writes Adrian Ion

POLITICS

Unclear contender for face-off with Basescu

With the first round of Presidential elections set for 22 November, the battle has begun over which candidate is likely to face-off against the incumbent Traian Basescu in the second round of voting.

ECONOMICS

Cash for state bank remains blocked

A Government cash injection for state-owned bank savings bank CEC has been blocked by the European Commission (EC), unless the bank admits the funding is state aid

APPOINTMENTS

Mr Emil Stefanov, the general manager of Billa Bulgaria, has taken over the retailer's operations in Romania, replacing Mr Wolfgang Janisch, who has decided to retire. Mr Stefanov has been working with Billa s...

APPOINTMENTS

Mr Constantin Hariton is the new general manager of Saint Gobain Romania, replacing Mr Olivier Lluansi who took over the groups operations for eastern Europe. Previously, Mr Hariton was general manager of Sain...

APPOINTMENTS

Mr Brian Arnold is a new tax partner at PricewaterhouseCoopers (PwC) Romania. Mr Arnold has recently been posted to PwC Moscow, where he held a similar role until September 2009. He will lead the financial serv...

APPOINTMENTS

Mr Johan Gabriels will take over as CEO of UK state owned bank RBS Romania. Mr Gabriels previously worked as a financial and general manager in finance, banking and fmcgs, including for international names such...

APPOINTMENTS

Ms Narcisa Oprea has been promoted to become partner at Austrian law firm Schoenherr. Ms Oprea has been a specialist in capital markets, and has been involved in the listing of a minority stake in state energy ...

APPOINTMENTS

Ms Sonia Nastase has been appointed as general manager of the Howard Johnson Grand Plaza Hotel, taking over from Mr Peter Craig Martin. Ms Nastase has worked as director of sales and marketing for the hotel bet...

APPOINTMENTS

Mr Alexander Adamescu has been appointed the chairman of the board of electronics, household appliance and IT&C product retailer Flamingo International. Alexander is the son of businessman Dan Adamescu, who own...

APPOINTMENTS

Mr Bogdan Constantinescu, 43, has been appointed director general of systems integrator on the IT&C market, Frontal Communication.

APPOINTMENTS

Mr Eduardo Prieto Kessler is the new chief economic and commercial counsellor of the Spanish Embassy in Romania and is highly specialised in matters relating to competition policies. He has also worked as a dip...

APPOINTMENTS

Mrs Tanya van Gool has been appointed the new Ambassador of the Netherlands to Romania. 57 year old Mrs Gool was previously Ambassador to Bolivia, Kenya and Somalia (plus southern Sudan). Most recently she has ...

APPOINTMENTS

Mr Philippe Beaulne has been appointed Ambassador of Canada to Romania, with concurrent accreditation to the Republic of Bulgaria, and High Commissioner to the Republic of Cyprus.

APPOINTMENTS

Ms Maria Cristina de la Garza Sandoval has been appointed the new Ambassador of Mexico to Romania.

APPOINTMENTS

Mr Isaias F Begonia has been appointed the new Ambassador of the Philippines to Romania.

APPOINTMENTS

Mrs Simona Cocos, 42, is the new general manager of Zentiva Romania, part of Sanofi-Aventis Group. A chemical engineer, Mrs Cocos has an MBA at the Open University in the UK. She has been working for Sanofi sin...

CITY LIFE

Small wonder

Taking over a tiny wall at the side of a cafe Bucharest micro-store Libraria Jumatatea Plina attempts to be a big inspiration for local comic artists

INVESTMENTS

German discounter upscales opening drive

INVESTMENTS

German budget retailer to pass 100 stores

INVESTMENTS

German market researcher expands in Iasi

INVESTMENTS

Hungarian insurers plan national network

INVESTMENTS

Spanish telecom giant offers corporate services

INVESTMENTS

Czechs opt for further control of electricity

APPOINTMENTS

Mr Stephan Breschan, 46, is the new general manager of BMW Group Romania. With 19 years of experience in the car industry, Mr Breschan has worked for the last three years as manager of BMW's local office in nor...

APPOINTMENTS

Mr Marian Motocu is the new general manager of the Turceni coal‑fired power plant, replacing Mr Eugen Tunaru. Previously,he headed the Energy Department within the same state‑owned company.


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Reports

REPORTS

Risking a bet on second-hand jets

An economising Romania is looking to buy used fighter jets by the end of 2009 to defend its NATO border - but is this option truly cheap and effective? Asks Ana Maria Nitoi

REPORTS

New drug hold-up threat to Health Ministry

Plagued by dropping prices for their products and a state system close to bankruptcy, pharma companies are reconsidering the launch of new drugs on the Romania market

Features

COUNTRY FOCUS

Turkey: foundations for energy bridge firm up

Long-planned pipeline and electricity links between Turkey and Romania are moving closer to realisation, argues Turkish Ambassador Ayse Sinirlioglu

COUNTRY FOCUS

All eyes on EU funds imperative

Romania must absorb more EU funds, but this may be hard when the public administration is politicised, argues Eduardo Prieto Kessler, Spains commercial counsellor in Bucharest

COUNTRY FOCUS

Germans keep holding steady

Despite the bruised economy and a lack of predictability on the market, Romania remains an investor target for improving competitiveness. Ana Maria Nitoi talks to new German Ambassador to Romania Andreas von Mettenheim

SECTOR ANALYSIS

Day of the discounters

Discount stores are spreading fast throughout Romania, while local supermarkets are struggling to compete. Report by Corina Ilie and Ana Maria Nitoi

BUSINESS LEADERS

Cash boost in defiance of Brussels ruling

Defying the European Commissions ruling that a multi‑million Euro Government cash boost for CEC Bank is state aid, bank president Radu Ghetea talks development in a crisis economy. Interview by Alexandra Pehlivan

EDITORIAL

Populist Christian Reformer: the Basescu pitch

Weeks before the election for the Head of State, President Traian Basescu is pitching himself to the Romanian people as a populist Christian Democratic reformer.

COUNTRY FOCUS

Bine ati venit in Romania!

Las relaciones econmicas y comerciales entre Espaa y Rumania han visto un aumento sustancial desde el 2003. En el 2007, la inversin directa espaola alcanzaba unos 474 millones euros, representando el 3.4% de las inversiones totales en Rumania.

SECTOR ANALYSIS

Bad loans in record rise

While Romanias banking system seems to have stabilised, there is a risk that the number of bad loans is increasing sharply, writes Alexandra Pehlivan

 
 
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Most read articles
» Day of the discounters
» Risking a bet on second-hand jets
» Bad loans in record rise
» All eyes on EU funds imperative
» Germans keep holding steady
» Populist Christian Reformer: the Bases...
» Cash boost in defiance of Brussels rul...
» GE wins new turbine deal for mega farm
» New drug hold-up threat to Health Mini...
» Turkey: foundations for energy bridge ...