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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
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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...


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 ...


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...


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...


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...


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...


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 ...


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...


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...


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...


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,...


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


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


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...


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...


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


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


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


Performance art

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


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.



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


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


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


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.


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


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


CEZ eyes energy portfolio expansion

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


New energy force rises

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

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