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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
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Romanian Parliament continues to attack EU-backed reforms

Against international criticism and the will of President Traian Basescu, the Senate has adopted a raft of laws crippling the EU-backed National Integrity Agency (ANI), leaving the anti-corruption watchdog virt...


One billion Euro thermo power auction catches Chinese attention

State-owned thermo power producer Rovinaris auction to find a foreign investor for a 500 MW power station has caught the attention of the Chinese


Mr Maxim Khitrov is the new general manager of the Romanian subsidiary of Russian petrol producer Lukoil, replacing Mr Constantin Tampiza, who has taken over the development of the companys strategy in Romania...


Mr Ioan Codrut Seres has been appointed president of the TV station Antena 1 and production house Intact Production, both part of the Grivco Group, owned by the family of Romanian politician Dan Voiculescu. Mr ...


Mr Einars Semanis has been appointed Ambassador of Latvia to Romania.


Mr Abdul Rahman Ibrahim Ben Ali Ar-Ras has been appointed Ambassador of the Kingdom of Saudi Arabia to Romania.


Mr Mihai Stefan Minea has been appointed as a judge in the Constitutional Court for a nine-year mandate. Supported by deputies from the governing PDL, Minea was a university professor at Babes-Bolyai university...


Ms Antoaneta Curteanu has been appointed the new CEO of Unicredit Leasing Corporation, replacing Mr Andreas Obrist who was promoted a regional coordinator in the Uncredit Group. Mrs Curteanu has been working f...


Mrs Mariana Gheorghe, the general manager of petrol and gas producer Petrom OMV, has been appointed the new president of business association the Foreign Investors Council (FIC).


Mr Augustin Zegrean has been appointed president of the Constitutional Court (CC), after former president Ioan Vida completed his mandate. Mr Zegrean completed law school in Cluj and practiced commercial and ci...


Ms Iulia Motoc has been appointed a judge in the Constitutional Court for a nine-year term. Supported by the governing Democratic Liberal (PDL) party, Ms Motoc has worked as a judge and lawyer in Bucharest. Hol...


Mr Mohameed Saeed Abdulsahib Abdulrazzaq Al-Shakarchi has been appointed Ambassador of Iraq to Romania.


Ms Chantipa Phutrakul has been appointed Ambassador of the Kingdom of Thailand to Romania.


Intesa Sanpaolo in 30 million Euro share capital boost

Bank Intesa Sanpaolo has increased its share capital in Romania by 30 million Euro. Now the banks share capital has risen by almost 50 per cent, from 57.7 million Euro to 86.4 million Euro. Following this shar...


Invoice processor hires 150 in Romania

Finnish state owned company Itella Information, specialised in the electronic processing and printing of company invoices, is hiring 150 operators for billing and archiving in Romania, according to Ziarul Finan...


McDonalds capital expansion rolls on

Fast food restaurant chain McDonalds will open two new restaurants in Bucharest by the end of the year, according to a McDonalds spokesperson, Atena Balint. In the first half of 2010 McDonalds opened two rest...


Medicover seals land for 50 million Euro hospital

Private medical healthcare provider Medicover will start investing 50 million Euro in a new hospital, following the purchase of land. To help fund the hospital, the firm has also applied for a loan from the IFC...


Power group Repower boosts local business

Power generation, trading and sales company Repower has expanded its operations in Romania by purchasing Elcomex EN, a supplier of electricity for SMEs. Repower bought 80 per cent of Elcomex EN, with a commitme...


Box of tricks

The new luxury BMW 5 Series can satisfy those looking for a limousine, a sports car or a cruiser, finds Adrian Ion


Constanta-based CEZ wind turbines start to spin

In the second half of June, Czech energy group CEZ started operating its wind park in Constanta county, generating power at 20 MW/h, eclipsing the rest of the installed wind capacity in Romania



Spending slash and tax rise aim to save Romania

Salary cuts and VAT hikes will surely be painful - but will they really be gainful? Crisis report by Claudia Ciobanu


Egyptian student deported after complaining to University in Constanta

An Egyptian studying to be a doctor in Constanta was handcuffed, arrested and deported after complaining over university practices. Report by Claudia Ciobanu



Swiss pledge cash injection to business and NGO sector

Switzerland is offering around 130 million Euro to help Romania bridge its development gap with the west, Swiss Ambassador to Romania Livio Huerzeler tells Michael Bird


Romania needs to seize greater advantage of EU status

Romania should make more use of its advantages as an EU member state at a time of financial crisis, argues French Ambassador to Romania, Henri Paul


United States: austerity measures necessary

The USA argues that Government cuts to salaries are a painful but necessary measure to combat the budget deficit. Michael Bird talks to Jeri Guthrie Corn, deputy chief of mission in the U.S. Embassy


Reasons for the freeze

Declaring that real estate is still hot in Romania, Troy Javaher of Jones Lang LaSalle Romania, discusses why so many deals are still on ice. Profile by Corina Ilie


Romanian private banking defies crisis with growth rates

Fearful of the falling yields in real estate investments, wealthy Romanians are turning to private banking to maximise their cash revenues. Report by Corina Ilie


Fittest will survive as decentralisation kicks off

Local Government control of hospitals may see better performing hospitals but fewer, with up to half at risk of shut-down. Marius Savu, Bucharests general director of administration of hospitals and medical services, talks to Claudia Ciobanu


Defenders of Romania's laws imperil social justice

The defenders of Romanias legal system argue that they are respecting the laws of their country on crucial decisions which affect Romanias economy and its international standing, when in practice it seems they are exploiting the law for personal gain and the enrichment and protection of their colleagues

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