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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

CITY LIFE

Grape expectations

New fine wines and spirits merchant Enoteca 1900 aims to showcase a blend of modern and classic varieties to a select clientele in the citys cultural heartland

ECONOMICS

CEZ pulls out of Romanian non renewable energy production

Czech energy group CEZ has put up for sale its 9.12 per cent stake in Romanian nuclear energy company EnergoNuclear, which was set up to build two new nuclear reactors at the power station in Cernavoda, Constan...

POLITICS

New Transport Minister sacks road boss for EU funds failure

Incoming Romanian Transport Minister Anca Boagiu has kicked off her tenure by sacking the general manager of the National Road and Motorway Company (CNADNR) for failing to absorb billions of Euro in EU infrastr...

INVESTMENTS

SmartWings launches Bucharest-Prague route

Low cost airline SmartWings is planning to launch a new route between Bucharest Henri Coanda Airport in Otopeni and Prague Ruzyne Airport (PRG) that will be available from 1 November 2010. The route offers free...

INVESTMENTS

Furniture designers and importers Quadra Invest has opened a new

European Heritage flagship store in the historic centre of Bucharest on Strada Covaci opposite the inn Hanul lui Manuc. The 0.5 million Euro renovation of an antique building sells the branded products assemble...

INVESTMENTS

Billa continues sales openings with Brasov

Rewe Group-owned supermarket Billa has opened its first store in Brasov and its 53rd outlet in Romania. The supermarket covers 500 sqm and sells 5,000 products. This is the tenth store opened by Billa this yea...

INVESTMENTS

Drogerie Markt continues gradual expansion

Health and beauty retailer Drogerie Markt (DM) opened its fifth unit in Bucharest, on Strada Nasaud, and its first store in Brasov on Blvd Saturn, taking its number of local units to 28. DM now has 20 own brand...

INVESTMENTS

Praktiker opens small-format store in Botosani

DIY retailer Praktiker has opened its 27th store in Romania in a small format store in Botosani. The outlet covers 4,300 sqm, sells 40,000 home and gardening products and is located in the northwest of the Mold...

INVESTMENTS

Obi plans 20 million Euro expansion for 2011

DIY retailer Obi plans to invest around 20 million Euro in the opening of three or four more stores in Romania in 2011. Timisoara, Craiova (Dolj county) and Constanta are among the locations targeted by Obi. Th...

APPOINTMENTS

Ms Violeta Ciurel has been appointed president of AXA Romania, which bought life insurance firm Omniasig Asigurari de Viata in late 2009. Ms Ciurel was previously head of Dutch life insurance firm ING Nederland...

APPOINTMENTS

Mr Christophe De Korver has taken over from Denis Renard as managing director of French logistics group Gefco Romania. Since 2002 De Korver has worked for Gefco in the Czech Republic and as business unit manage...

APPOINTMENTS

Professor of Law at the University of Bucharest Lucian Mihai has joined Austrian law firm Wolf Theiss as Of Counsel with an expertise in dispute resolution and intellectual property. Prof. Mihai was formerly a ...

APPOINTMENTS

Mr Mauricio Mesa Gomez has been appointed general director of Spanish developer Hercesa Romania, replacing Mr Alejandro Solano Galleg.

APPOINTMENTS

Ms Marijana Vasilescu is the new director of communications and marketing at UK band RBS Romania, following her role as deputy director of personal clients, coordinating the Royal Preferred Banking division.

APPOINTMENTS

Mr Martin Harris has been appointed Ambassador of Great Britain and Northern Ireland to Romania, taking over from Mr Robin Barnett. Previously he served at the British Embassies in Kiev and Moscow as well as at...

APPOINTMENTS

Mr Dan Ben-Eliezer has been appointed Ambassador of Israel to Romania.

APPOINTMENTS

Mr Anders Bengtcen has been appointed Ambassador of Sweden to Romania.

APPOINTMENTS

Mr Rab Nawaz Kahn has been appointed Ambassador of the Islamic Republic of Iran to Romania.

ENERGY

US Adama Tech targets Romania for tyre recycling

US clean tech company Adama Technologies Corporation has signed a letter of intent with local entrepreneurs in Romania to establish tyre recycling factories throughout the country

EVENTS

Graphic angles on feminine paranoia

Interior visions: UK painters Caroline Walkers Anonymous was a woman is showing at the Ivan Gallery on 13 Strada Grecescu, taking as its cue Virginia Woolfs notion that - historically - women are often fav...


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Reports

REPORTS

Black Sea nations set new rules for power play

Could Romania, Georgia and Azerbaijans new liquefied natural gas corridor compete with the EU-backed pipeline proposal Nabucco or is this a gambit for strengthening the countries bargaining position with Turkey and Russia? Report by Michael Bird

Features

COUNTRY FOCUS

Germany extends top trade position

Two key German brands in retail and aerospace are investing in Romania in a recession - but while commerce is up, overall investment is down. Ambassador of Germany to Bucharest Andreas von Mettenheim talks to The Diplomat

SECTOR ANALYSIS

Turning management on its head

Leaders in Romania must change their management style as the recession bites further into the countrys economy Report by Michael Bird and Teodora Vaduva

DECISION MAKERS

Looking west to Romania

Georgia is targeting Romania as an investment partner in its development plan for agriculture, energy and tourism - Levan Metreveli, Ambassador of Georgia to Bucharest tells Michael Bird

BUSINESS LEADERS

Thinking outside the big box

As Metro Cash & Carry tests a new small format in Romania, the companys managing director for Romania, Dusan Wilms, gives views on the national retail picture to Corina Ilie

EDITORIAL

Sarkozy's party picks on EU's weakest with attacks on Roma and Romania

French President Nicholas Sarkozys patronage of his Governments policy of smashing up Roma camps and expelling the community from France to Romania and Bulgaria contained one serious error it picked on a race

COUNTRY FOCUS

Spain shows education key to Roma integration

With prejudice and indignation rife across Europe following Frances expulsion of Roma to Romania, Spain has emerged as a successful test case for the long-term integration of the troubled ethnic group

SECTOR ANALYSIS

Relief from the train drain

External training programmes have been hit as Romanian companies cut spending, but a combination of EU funds and the economic need for a new style of management is keeping firms in business

SECTOR ANALYSIS

Hiring desires begins to stir

Recruitment intentions in south and west Romania are picking up with finance and manufacture looking promising

 
 
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Most read articles
» Looking west to Romania
» Spain shows education key to Roma inte...
» CEZ pulls out of Romanian non renewabl...
» National Integrity Agency expects legi...
» US Adama Tech targets Romania for tyre...
» Thinking outside the big box
» Sarkozy's party picks on EU's weakest ...
» Turning management on its head
» Romania set for new IMF loan in early ...
» Grape expectations