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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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Handling a sporty limo

As Porsche takes on the limousine market with the Panamera, Adrian Ion discovers whether driving the car through Bucharest can spin heads


EC recommends Romanian land sale to foreigners before 2014

European Commission has recommended that Romania and Bulgaria should allow EU citizens who are not established in the two countries to buy agricultural land before 2014, when the transition period detailed in t...


Wikileaks: sole-source route sought for F-16 fighter sale

US defence business and Romanian officials sought a sole-source route for the sale of F-16s to Romania, according to a US Embassy cable released by Wikileaks from November 2007


Agricultural giant CHS buys into east Europe

Minnesota-based grain, food and energy company CHS has bought out east European-based Agri Point from a Cypriot-based East Point Holdings. Present in Romania, Bulgaria, Hungary and Serbia, Agri Point gives the ...


ABC Data taps into Romanian IT distribution

IT distributor ABC Data is taking over Romanian-based counterpart Scop Computers in a deal worth in the range of 1.7 million Euro to strengthen its grip on the Romanian market. The purchase agreement includes a...


Lukoil share capital boost for Ploiesti refinery

Petrotel-Lukoils refinery in Ploiesti, controlled by Russian oil group Lukoil, will increase its share capital by 137 million Euro from 58 million Euro to 195 million Euros, to cover losses and ensure conditio...


Terapia Ranbaxy to open new Cluj factory by end-2013

Pharma producer Terapia Ranbaxy will invest 38 million Euro in a new production facility for drugs against cancer, HIV/AIDS and cardiovascular diseases in Apahida, Cluj county by 2013. Over six hectares, the pl...


Cora plans megastore for Constanta

Hypermarket Cora, part of Belgiums Louis Delhaize group, is building a 9,000 sqm outlet inside a newly proposed 100 million Euro 150,000 sqm shopping centre in Constanta, due for delivery in the first half of ...


Mr Jan Gijsen has been appointed director of the Ford factory in Craiova and president of Ford Romania. He takes over from Mr Dioni Campos san Onofre, who takes up the function of director general for productio...


Mr Peter Weiss has been appointed executive president of Greek Eurobank EFG-owned Bancpost. Previously Mr Weiss was CEO of ABN Amro Bank Romania and, before this, CEO of the Dutch bank in Greece. He replaces Mr...


Zurich-listed out-of-home advertising company Affichage Romania has appointed Mr Thomas Rainer as president of its administrative council. Previously he coordinated the international operations of out-of-home a...


Mr Ray Breden has been appointed President of the British Romanian Chamber of Commerce (BRCC), with a mandate beginning in June 2011. He takes over the lead of the Anglo-Romanian trade, investment and lobbying ...


Mr Oliviu Stoica, 48, has been appointed president of Austrian-owned insurance firm Uniqa Asigurari, Previously he was active in senior management for banks KBC and Citibank, as well as for Mastercard. He repla...


Ms Annita Pakioufaki has been appointed managing director of executive search company Stanton Chase Romania, replacing Ms Athena Tavoulari. who joins the Dubai operations of the firm. Ms Pakioufaki was previous...


Leading Romanian law firm Tuca Zbarcea si Asociatii has made six new partners in its firm, bringing the total to 21, with promotions for Mr Mihai Dudoiu, Mr Ionut Serban, Ms Christina Vladescu, Ms Ioana Gelepu,...


The Superior Council of the Magistrates (CSM), an independent body supervising the activity of judges and prosecutors, has appointed judge Mr Horatius Dumbrava as President. The 39 year-old was previously presi...


Mr Dan Badin has been appointed partner in Deloitte Romania, with a mandate to coordinate the direct tax and transfer pricing consultancy team. He was previously a director and fiscal consultant at Pricewaterho...


Ms Catalina Balan has been appointed the new general manager of Swedish-owned Medicover Romania, replacing Ms Marina Otelea, who has become the administrator of the company. Ms Balan has worked for Citibank, BN...


Mr Jiri Sitler has been appointed as Ambassador of the Czech Republic in Romania, taking over from Mr Petr Dokladal, who becomes country manager of energy firm CEZ in Bulgaria.


Mr Bahador Aminian Jazi has been appointed the new Ambassador of the Islamic Republic of Iran in Romania.


ABB wins substation contract to pair up green energy to grid

Swiss-Swedish power technology group ABB has won a 24 million USD (18 million Euro) order to manufacture a substation in Tulcea county to receive and transform power for 700 MW from wind farms to connect to the...


RBS checks into green building Lakeview

UK-owned bank RBS Romania opens its new offices across four floors of the certified green building Lakeview on Blvd Barbu Vacarescu ...



Panic on the streets of Bucharest

Hunger strikes, suicide attempts, union demos, sit-ins and walk-outs - protests have accelerated in the last two years but how successful are their strategies at meeting their aims? Report by Nicoleta Banila


Data puzzle over labour info changes

Romania is set to dump the physical work cards for an electronic alternative, but questions remain over who will have access to the data Report by Nicoleta Banila



Tough on trash and the causes of trash

Collection levels of household waste and recyclable materials must improve for Romania to become a nation that exploits its rubbish to the fullest Report by Nicoleta Banila


Generous renewable law faces EU test

The European Commission is questioning whether Romanias support scheme for renewable energy is too generous to power developers. Report by Michael Bird


Wiping the state clean

Join a political party or buy your way in are the two routes to success in a corrupt society, argues think tank leader Alina Mungiu-Pippidi - and Romania gives an opportunity for both


Spiritual awakening

Romanian-based spirits producer the Alexandrion Grup is branching out from its core cognac brand to seize a market in the growth of wine, whisky and vodka, CEO George Christoforidis reveals to Michael Bird


Is West Europe threat against Romanian fitness for Schengen no more than populist self-interest?

Romania and Bulgaria are suffering pressure from north European countries to step up measures against corruption, organised crime and border control or risk delay in being allowed into the Schengen free movement of space


Green buildings in Romania

To become a green building, the design, construction, operation, deconstruction and re-usage of the building materials must limit damage to the planets resources to the highest degree possible


Green buildings prepare for the mainstream

As Romania prepares for a new wave of green buildings, their developers hope this is only just the beginning. Report by Michael Bird


Industrial slowdown slackens pace of carbon trading

Romanias young carbon trading market shows fewer positive signs of development than in 2009 Report by Michael Bird


Recycling rates see patchy record

Romanias recycling market is up and running, but gaps in the supply chain, inconsistent collection levels and falling consumption pressure new enterprise


Dump closures on course for EU demand

Romania will fulfill its EU obligations on landfill and - contrary to rumour - is not illegally importing mafia trash from Naples, argues Silvian Ionescu, chief commissioner of the National Environment Guard


Romanian wind estate

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Most read articles
» Wikileaks: sole-source route sought fo...
» Wiping the state clean
» Generous renewable law faces EU test
» Green buildings in Romania
» Spiritual awakening
» Recycling rates see patchy record
» Green buildings prepare for the mainst...
» Is West Europe threat against Romanian...
» Panic on the streets of Bucharest
» EC recommends Romanian land sale to fo...