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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

DRIVING

Putting on the style

Fashionable, powerfull and pricey, the Mini Cooper S Mayfair Edition is a perfect design accessory - finds Adrian Ion

POLITICS

Bruised and battered wealth verification agency brought back to life

Romanian Parliaments Lower Chamber has approved a draft law reactivating wealth-monitoring body the National Integrity Agency (ANI), following a court decision which declared the agency illegal

ECONOMICS

Romania to sell energy companies to fund infrastructure

Romania plans to sell minority stakes in key energy companies this year, including OMV-owned Petrom and utilities Transelectrica and Transgaz, in order to finance public infrastructure projects

INVESTMENTS

Kika set for two more stores by 2011

Austrian furniture retailer Kika, which operates a store in western Bucharest, and which posted a 16 million Euro turnover last year, plans to invest more than 60 million Euro to open two more stores in 2011 in...

INVESTMENTS

Volksbank share capital up by 40 million Euro

Volksbank Austria has increased the share capital of Volksbank Romania by 39.49 million Euro, to reach 130.6 million Euro. Volksbank has been present in Romania since 2000 and has 185 nationwide branches.

INVESTMENTS

La Lorraine bread factory for Cluj county

Vanherpe Food Group-owned bakery firm La Lorraine will invest eight million Euro in the construction of a bread-making factory in a joint-venture with Romanian frozen food distributor Macromex. The factory will...

INVESTMENTS

Xella opens Paulesti building materials factory

German autoclaved aerated concrete (AAC) bricks producer Xella has opened its first factory in Romania in Paulesti (Prahova county). The factory is a 32 million Euro investment and was developed in twelve month...

INVESTMENTS

Sykes provides Samsung outsourcing in Cluj-Napoca

US Business Process Outsourcing (BPO) services provider Sykes is hiring 300 people for its newly opened office in Cluj-Napoca, who will operate exclusively for Samsung Europe. The company has already employed 3...

INVESTMENTS

Sixt New Kopel opens new Suzuki showroom

Leasing and rentacar specialist Sixt New Kopel has become the authorised dealer of Japanese car brand Suzuki in Romania and last month opened a show room in Otopeni. General director of Sixt New Kopel Dudy Perr...

ENERGY

Ambitious path to recycling targets

A joined-up effort between private companies and local and national authorities is key to ensuring Romania chases its EU targets for recycling

APPOINTMENTS

Local law firm Bulboaca and Associates has promoted Mr Razvan Stoicescu to the position of partner. The 29 year-old lawyer is the managing attorney of the teams assisting the Romanian state in the Eurobonds is...

APPOINTMENTS

Ms Ana Birchall has been appointed head of financial restructuring and insolvency at Romanian law firm Biris Goran. Ms Birchall previously worked for White & Case in Bucharest and New York, where her client...

APPOINTMENTS

Mr Mihai Matyas is the new general director of local water bottler La Fantana. Mr Matyas, 53, was previously general manager of soft drinks producer Pepsi Romania and is replacing Mr Jaroslaw Zuchowski.

APPOINTMENTS

Mr Radu Carp has been appointed the new general manager of the Romanian Diplomatic Institute.

APPOINTMENTS

Austrian-owned law firm Wolf Theiss Romania has appointed Ms Iulia Radocea to head its new company, Wolf Theiss Tax Advisory Services. Ms Radocea was previously international tax manager at Deloitte in Buchares...

APPOINTMENTS

Ms Amalia Buliga was appointed executive director of Romanian stationery retailer Diverta, owned by RTC Holding. She is replacing Ms Emilia Canea who decided to withdraw from the company after seven years. Ms A...

APPOINTMENTS

Law firm CMS Cameron McKenna has created a mobile private equity and corporate team for central and east European emerging markets, led by former Linklaters Romania boss Mr Ted Cominos as International Head of ...


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Reports

REPORTS

Romania NGO funding crisis risks rise in HIV infections

For two decades Romania has contained a mass spread of the HIV virus - but this success is under threat as funding for critical NGOs stops Report by Michael Bird

REPORTS

Busted healthcare asks patients to pay up

This year Romanians are set to pay for healthcare at the point of entry - doctors and experts criticise the new system, which aims to bring in more cash to the bankrupt state sector. Analysis by Ana Maria Nitoi

Features

COUNTRY FOCUS

Israel switches focus as investors scale back in real estate

Israeli investors in Romania took a hit in the real estate sector in 2009, but hope that security, healthcare, IT&C and infrastructure will offer opportunities in the near-term

SECTOR ANALYSIS

Bucharest due for private hospital boom

Faced with increasing demand and investor interest, private medical care is on the rise - with clinics now preparing to double the number of private hospitals in Romania. Report by Ana Maria Nitoi

BUSINESS LEADERS

Energising development

General Electric is betting on further development of Romanias co generation plants, says Cristian Colteanu, president and CEO of GE for Romania, Bulgaria and the Republic of Moldova Interview by Ana Maria Nitoi

EDITORIAL

Romania endangers its own celebrated reforms

Cracks are appearing in the fragile post-1989 reforms in two sensitive sectors in Romania justice and health where Romania may risk undermining its internationally-praised success.

SECTOR ANALYSIS

Bucharest taxis face tougher scrutiny

Taxi services in Romania are faced with a raft of challenges fraud, theft, a lack of oversight and a market so competitive it does not encourage further investment

SECTOR ANALYSIS

Cash crisis hits where it hurts

A liquidity crisis in the health sector is impacting patients, drug companies and distributors with the weakest losing out first Report by Ana Maria Nitoi

BUSINESS LEADERS

Rompetrol prepares to boost refining by one quarter by 2012

Oil company Rompetrol is focusing investment on increasing its annual refining capacity by one quarter - to five million tonnes of raw material - by 2012, the groups CEO Saduokhas Meraliyev tells Ana Maria Nitoi

 
 
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» Rompetrol prepares to boost refining b...
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