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Sibiu and Timisoara, top priorities for investors in Romania

Sibiu and Timisoara are top priorities for investors who are interested to come to Romania, as revealed by the fifth edition of Cities of Tomorrow conference, organized by the German-Romanian Chamb...

Gas prices liberalization in Romania to start in April
Toyota recalls 2.9 million vehicles globally over airbags issues
Romania to develop economic component of the strategic partnership with US
Debate on digital economy at Cluj Innovation Days 2017
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Print edition

POLITICS

Central Bank shamed for minting coin commemorating anti-semitic leader

Romanias central bank (BNR) has been attacked by diplomats and civil society for minting a commemorative coin of a head of the countrys Orthodox Church who - in the role of Prime Minister - triggered the pers...

ECONOMICS

Romania tourism launch in plagiarism row

The Ministry of Regional Development and Tourism (MDRT)s launch of the brand Romania: Explore the Carpathian Garden at the International Expo in Shanghai has been overshadowed by a plagiarism row concerning ...

INVESTMENTS

Penny Market continues drive with ten more units

Discount retailer Penny Market, part of the Rewe Group, will invest 15 million Euro in the opening of ten stores in Romania by the end of 2010. The retailer has opened nine stores so far in 2010, with each stor...

INVESTMENTS

Deichmann plans to reach 36 by year-end

Discount shoe retailer Deichmann will open ten new stores in Romania by the end of the year and will reach 36 units, according to Ziarul Financiar. This month the retailer plans to open four stores in Iasi, Bis...

INVESTMENTS

Metro continues small-format store openings

Retail group Metro Cash & Carry has opened its small format Metro Punct store in Dumbrava Rosie village, Neamt county. This was a one million Euro investment and is the second Metro Punct store in Romania a...

INVESTMENTS

Private equity gives regional push to local logistics

London-based Bancroft Private Equity has bought a majority stake in local road transport and logistics company Dumagas Transport. The new owners will continue to support the founders and managers of the company...

INVESTMENTS

Oil-products maker Lufkin to open Ploiesti plant

Nasdaq-listed Lufkin Industries is planning to build a 100 million Euro [126 million USD] factory making products for its oilfield and power transmission divisions in Ploiesti. Due for 2012, the facility plans ...

APPOINTMENTS

Mr Reuven Havar is the new CEO of Israeli real estate developer Atlas Estates, which owns land in Bucharest and Voluntari (Ilfov county) and the four-star Golden Tulip hotel on Calea Victoriei. Mr Havar was pre...

APPOINTMENTS

Ms Linda Griffin takes over as general manager of the Athenee Palace Hilton Hotel, following Mr Friedrich Niemanns departure to manage the new Waldorf Astoria in Berlin. Ms Griffin was previously cluster gener...

APPOINTMENTS

Ms Ilinca Rosetti has taken over as president of German-owned ProCredit Bank Romania, replacing Mr Gian Marco Felice. Previously Ms Rosetti was executive director of banking services in the bank and general dir...

APPOINTMENTS

Mr Iulius Dan Plaveti, ex-vice president of the National Agency for Energy Regulation (ANRE), has been appointed the president of ANRE. He replaces Mr Petru Lificiu, who resigned from this position. Mr Lificiu,...

APPOINTMENTS

Ms Maria Eliana Cuevas Bernales has been appointed Ambassador of Chile to Romania.

APPOINTMENTS

Mr Kim Song Gyong has been appointed Ambassador of the Popular Democratic Republic of Korea in Romania.

APPOINTMENTS

Mr Gheorghe Buta has been appointed partner and the new head of the litigation & arbitration department at Romanian law firm Musat & Asociatii. Mr Buta is the former president of Romanias High Court of...

APPOINTMENTS

Mr Aurelian Pavelescu has been chosen president of the National Peasants Party Christian Democrat (PNTCD). Mr Pavelescu, previously first vice-president of the party, has been acting president since the resi...

APPOINTMENTS

Mr Iurie Renita has been appointed Ambassador of the Republic of Moldova in Romania.

APPOINTMENTS

Mr Sohrat Jumaev has been appointed Ambassador of Turkmenistan to Romania.

ENERGY

Italians Alerion pledge 85 million Euro wind farm for Bihor county

Italian renewable source producer Alerion Clean Power has announced it has a fully-permitted 36-turbine wind farm project set for Auseu and Borod, Bihor County

DRIVING

Performance art

Capable of fulfilling every demand, but at a cost - Adrian Ion slips into Porsches SUV, the new Cayenne S

EVENTS

French links

Celebratory rendezvous: Ambassador of France to Romania Henri Paul hosted Prime Minister Emil Boc and President of the Senate Mircea Geoana for the National Day of France on 14 July in Cismigiu Park.


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Reports
Features

COUNTRY FOCUS

South Korea still eyes local energy, auto and hi-tech potential

South Korean interest remains in Romanias automotive, hi-tech, nuclear and fossil-fuel business, argues Lee Kwang Jae, Ambassador of the Republic of Korea

COUNTRY FOCUS

Eastern proposition

China has the economic muscle to develop projects in Romania in the private and state sectors but nothing major is yet to begin, says Chinese Ambassador to Romania Liu Zengwen

SECTOR ANALYSIS

Waiting for the sun

Romanias solar power estate is virtually non existent but a new incentive scheme could bring the sector out of the dark. Report by Michael Bird

EDITORIAL

Forget the controversy Romania's tourism brand is pitch-perfect

Shockingly - Romanias new tourism brand is an intelligent, realistic and humble invitation for new visitors, which recognises, highlights and plays upon the best qualities of the country.

BUSINESS LEADERS

Ringleader of brands

Shopping centre pioneer and CEO of Baneasa Developments Ali Ergun Ergen reveals how to keep a mall healthy during and beyond the recession. Profile by Corina Ilie

SECTOR ANALYSIS

Retail dive throws up new opportunities

Sales fall, rents fall, malls fail to open and store closures are on the rise, but retail brands with deep pockets are seizing this moment to expand. Shop analysis by Corina Ilie

SECTOR ANALYSIS

CEZ eyes energy portfolio expansion

Interview with Tomas Pleskac, Second Vice-Chairman of the Board Division International Chief Officer.

SECTOR ANALYSIS

New energy force rises

Romania is becoming the most dynamic country in the region in the development of wind power. Report by Michael Bird

COUNTRY FOCUS

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

COUNTRY FOCUS

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

COUNTRY FOCUS

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

BUSINESS LEADERS

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

SECTOR ANALYSIS

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

DECISION MAKERS

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

EDITORIAL

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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