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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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Print edition

ECONOMICS

Cernavoda nuclear project stakes decision delayed for 2011

The Romanian state will take a decision in 2011 on the make-up of the company set to construct two new nuclear reactors in Romanias existing site in Cernavoda, Constanta county, Minister of Economy Ion Ariton ...

POLITICS

French escape EU sanction over Roma purge

The European Commission has dropped infringement procedures against France, following Pariss legally questionable campaign of expelling Romanian and Bulgarian Roma from its country

INVESTMENTS

Egger pledges 150 million Euro to Suceava county plant

Wood-based materials producer Egger plans to invest 150 million Euro in an OSB (Oriented Strand Boards) production line in Radauti, Suceava county, destined for the construction industry, with an annual product...

INVESTMENTS

Kronospan to double wood-based panel line in Brasov

Wood-based panels manufacturer Kronospan plans to inject 20 million Euro into doubling its Oriented Strand Boards (OSB) production into its existing plant in Brasov. The firms current production capacity of OS...

INVESTMENTS

Mid-market clothes store Sprider ups openings

Greek retailer Sprider has opened three new stores in Bucharests Sun Plaza, Piatra Neamt and in Brailas Promenada Mall investment. The mid-market clothing brand has invested 20 million Euro so far in 16 store...

INVESTMENTS

Naspers snaps up profit-savvy e-commerce integrator

Media group Naspers-owned MIH Allegro has taken over 83 per cent of Gecad ePayment International, the Romanian eCommerce solutions integrator market leader. Gecad owner Radu Georgescu will keep 17 per cent of G...

INVESTMENTS

Corporate traders Argent opens branch in Bucharest

US-based corporate trading company Argent Trading has opened its first east European office in Romania. The firm provides companies who have a limited access to credit with additional liquidity and aims to rest...

INVESTMENTS

Cargill push grain and oilseed plan for 2015

Agricultural giant Cargill will expand its grain and oilseeds business in Romania and is looking to market more seed fertiliser and crop protecting chemicals for farmers using an investment of 100 million USD (...

APPOINTMENTS

Mr Stelian Gal has been appointed as director general of power grid company Transelectrica, taking over from Mr Adrian Baicusi. Mr Gal was previously boss of Transelectrica.

APPOINTMENTS

Mr Martin Schuldt has been named head representative of US agricultural business Cargill in Romania. German-born Schuldt has been working in Romania since 2005 and has previously conducted Cargills local opera...

APPOINTMENTS

Mr Bogdan Speteanu, 33, is the new director general of Austrian Erste Group-owned leasing company BCR Leasing IFN, replacing Mr Thomas Tolazzi. Previously he was director of progammes in the Erste Group in Vien...

APPOINTMENTS

Mr Ronald Binkofski has been appointed the new director general of Microsoft Romania, taking over from Mr Calin Tatomir. Of German-Polish citizenship, Mr Binkofski was previously director of marketing, business...

APPOINTMENTS

Ms Cosmina Noaghea has been appointed general director of Mediafax Group, the umbrella company of the news agency Mediafax, publishing company Publimedia and online division Apropo Media. Mediafax Group is part...

APPOINTMENTS

Mr Mihnea Vasilu, 44, has replaced Marius Hagger as the general manager of media company Ringier Romania, which owns a stake in TV station Kanal D and daily tabloid Libertatea. Previously, Mr Vasilu was the exe...

APPOINTMENTS

Mr Michael Schwarzinger has been named as Ambassador of Austria to Romania a diplomat and writer on European enlargement issues, Mr Schwarzinger was previously Ambassador of Austria to Lithuania.

APPOINTMENTS

Mr Razvan Stefanescu has been appointed director general of private healthcare providers Grupul Medical Romgermed.

APPOINTMENTS

Mr Tudor Bercan, 33, has been promoted territory manager for central and eastern Europe of Polycom - a company offering video conferencing, data and web communications services.

APPOINTMENTS

Mr Nicola Szekely, 34, is the new country manager of Austrian DIY chain BauMax Romania and Bulgaria, replacing- at the Romanian level - Mr Alexander Frech, who has taken over as country manager for BauMax Aust...

ENERGY

Iberdrola wind farm in Constanta county to start installation in 2011

Spanish energy group Iberdrola Renovables will begin to install wind turbines in its 80 MW wind farm project in Mihai Viteazul, Constanta county in 2011

DRIVING

Hardy contender

Audi is out to capture the small urban car market with the new A1. Adrian Ion takes the motor for a city spin

EVENTS

Nervia's humanistic perspectives

Return to realism: Attempting to capture the cultural consciousness of the Walloon region in pictures, Belgiums Nervia school created humanistic and intimate paintings between 1928-1938 that contradicted the a...


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Reports

REPORTS

EU backs liquefied natural gas link, but push for project may be too soon

The EU supports Romania, Georgia and Azerbaijans new pioneering liquefied natural gas (LNG) interconnector AGRI - but analysts fear a strong push for the project in the short term could subvert the priority of alternative Nabucco Report by Michael Bird

Features

COUNTRY FOCUS

Austrians stake claim to green energy

Renewable energy investments from Austria are expected to rise - if the legal incentive scheme for this is in place, according to Rudolf Lukavsky, commercial counsellor for the Austrian Embassy in Bucharest

BUSINESS LEADERS

Trading up in the down market

Seizing the right moment to raise prices and drive up production handed Romanian building materials producer Adeplast a chance to take on rival multinationals - owner Marcel Barbut reveals to Corina Ilie

SECTOR ANALYSIS

Call for coherence

Consistency, bi-partisan approval and long-term planning are vital to secure Romanias promising future in energy findings from the 2010 Conventional Energy Forum

DECISION MAKERS

Preparing power for sale

Ahead of a massive sell-off in the states energy sector, key decision maker and Minister of economy, commerce and business affairs Ion Ariton responds to The Diplomat

EDITORIAL

Romanian opposition must dump the personal from the political

The most curious reason for last months impeachment of the sitting Emil Boc Government by the opposition Liberals (PNL) and Social Democrats (PSD) was an attack on Prime Minister Boc himself for his lack of personality

 
 
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