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Vienna Insurance Group posts profit of 110 million Euro in Q1

Vienna Insurance Group reported a profit before taxes of around 110 million Euro in the first quarter of 2017, according to a press release.

Three Romanian architecture offices merge into CUMULUS

PZP, SYAA and ARXTUDIO offices have merged into CUMULUS, in one of the rare transaction on the Romanian architecture sector. The new company has a combined turnover of over one million Euro.

Eberspaecher forecasts slight increase in revenue for 2017

The German automotive supplier Eberspaecher forecasts sustained positive income development with a slight increase in revenue for 2017, a press release shows.

Liberty Center reached 70 per cent occupancy rate in the last six months
Land transactions volume reached record high last year in Bucharest, says C&W Echinox
Teraplast appoints Mirela Pop as new CEO
Austria holds over 14 per cent of all foreign investments in Romania
Read all News >>

Print edition

POLITICS

Anti-communist law arrives one generation too late

A Romanian law to ban ex-leaders of the Communist regime from the countrys top public appointments has been adopted by Parliament - over 20 years after the fall of the totalitarian system

ECONOMICS

Minister Videanu u-turns on majority stake for nuclear project

Romania plans to reduce its 51 per cent stake in the project company established to build reactors 3 and 4 of the Cernavoda nuclear plant, EnergoNuclear, according to Economy Minister Adriean Videanu

INVESTMENTS

Sol Melia plans hotel blitz for Romania

Hotel chain group Sol Melia plans to open four and five star hotels in Romania, according to the general manager of the company for Bulgaria, Jose Manuel Navarro, as quoted by Ziarul Financiar. The company want...

INVESTMENTS

Equity group GED takes on printing market

Spain-based private equity firm GED has acquired 92 per cent of Iceland-based Kvos-owned Infopress Group, the largest provider of printing services in Romania, for over 12 million Euro. The transaction will be ...

INVESTMENTS

Saint-Gobain further boosts glass business

Building material manufacturer Saint-Gobain Glass plans to invest around six million Euro to build a laminated glass production line in its existing plant in Calarasi, with construction due to start later this ...

INVESTMENTS

FM Logistic set for Bucharest-Pitesti link

Romanian subsidiary of French developer FM Logistic has started the construction on the first stage of a logistic project located in Petresti, Dambovita county, close to the Pitesti-Bucharest motorway. The firs...

INVESTMENTS

Gebruder Weiss starts new logistics park

Austrian merchandise transport and logistic company Gebruder Weiss has invested three million Euro in the development of its second logistics park in Romania, located in Sibiu. Construction began in May and wil...

INVESTMENTS

Euroholding invests in new tech for construction materials

Mixed-interest group Euroholding plans to invest three million Euro in equipping the groups aggregate, mortar and concrete quarrying, sorting and processing division, Europroducts, with new technology. Eurohol...

ENERGY

European Parliament lobbies to destroy billion-dollar Rosia Montana project

The European Commission is under pressure to crush the chances of a controversial gold mining project in Romania from going ahead, under proposals for new rules to ban the use of cyanide in mining technology

DRIVING

Tougher than the rest

Off-road favourite Suzuki aims to offer a new, compact and affordable 4x4 in the Grand Vitara - Adrian Ion tested out the motor

APPOINTMENTS

Mr Rangam Bir has now taken over as the new CEO of insurance company Allianz-Tiriac Asigurari, following the departure of Mr Cristian Constantinescu. Previously Mr Bir has worked in senior posts in Germans All...

APPOINTMENTS

Mr Peter Szautner is the new general manager of The Netherlands-based dairy producer FrieslandCampina Romania, replacing Mr Ian Gearing. Previously Mr Szautner was director for consumer marketing and new busine...

APPOINTMENTS

Mr George Micu has been appointed general manager of the Romanian state-owned Rail Freight Company (CFR Marfa), after Mr Mihai Frasinoi resigned from top management for personal reasons. Mr Frasinoi will contin...

APPOINTMENTS

US financial service group Citi has appointed Mr Tibor Pandi as Citi county officer for Romania, taking over from Mr Shahmir Khaliq, who has, in his turn, been appointed division head for Bulgaria, Czech Republ...

APPOINTMENTS

Mr Doros Ktorides is the new general manager of Marfin Bank Romania and president at the Cypriot groups leasing local company. He replaces Mr Stylianos Sofianos. In addition, Mr George Athanasopoulos has repla...

APPOINTMENTS

Mr Leslie Breer has been appointed the new president of Germany-based insurance company Signal Iduna Romania, consolidating his position as interim head. He replaces Mrs Sanziana Maioreanu, who left the company...

APPOINTMENTS

Mr Sorin Bozdog, a former shareholder of processed meat producer Scandia Romana, has been appointed the general manager of canned food producer Hame Romania.

APPOINTMENTS

Mr Gabriel Sidere is the new managing partner of UK-headquarted law firm CMS Cameron McKenna LLP in Romania. He replaces Mr Todd Robinson. Mr Sidere has been working for the law firm since 2006.


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Reports

REPORTS

Romanian Parliament prepares to butcher anti-corruption measures

EU reforms are under attack as Parliament moves to protect itself in burial of transparency measures for public officials

REPORTS

IMF holds nation to ransom over late progress in spending cuts

Action is demanded by the International Monetary Fund in the war on public spending, as Romanias budget deficit is set to rise above forecasts for 2010

Features

COUNTRY FOCUS

Italy remains growing target for economic migrants

Romanian economic migration to Italy is still on the rise, with a record one million now working in the peninsula - Ambassador of Italy to Romania Mario Cospito tells Corina Ilie

SECTOR ANALYSIS

Office market gets smart

Still reeling from Romanias unsustainable property boom, Bucharests office market is the first real estate sector to be heading back to earth, according to developers and experts in the field. Analysis by Corina Ilie

EDITORIAL

Parliament moves to crush powers of EU-backed anti-corruption agency

Romanias parliament is launching a cynical and farcical attack on EU-backed measures to tackle high-level corruption

SECTOR ANALYSIS

Outdated power plants face the heat

Pre-revolution heating plants are facing a crisis, as they must choose between closure or revamping - but funding for both renovation and new projects is tough to attract. Report by Ana Maria Nitoi

SECTOR ANALYSIS

Attracting cash to work for the city

The financial crisis has given Romania a chance to build up its public infrastructure but the largest obstacle remains access to funds. At a high-level debate, top officials and businesspeople debate local financing solutions in a time of upheaval

SECTOR ANALYSIS

Office state of play

Bucharest and Ilfov county office projects commissioned before 2008 continue to move to the finishing stages, as a few constructions go to ground. But the rhythm of new developments in the capitals office market is slowing. Here is a visual analysis of the market.

 
 
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