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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
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Print edition

POLITICS

Eighth anti-Boc confidence vote trips up

Romanias opposition launched its eighth vote of no confidence against a Government led by Prime Minister Emil Boc in the last two years, this time using the excuse of attacking a new employer-friendly labour c...

ECONOMICS

Rising local currency not enough to cool inflation

Romanias local currency the leu has appreciated against both the Euro and the dollar at a one year low of 4.088 RON to the Euro

APPOINTMENTS

MR STEFAN COJANU, 65, has been appointed the new president of the Employers Association of Software and Services (ANIS), replacing Mr Liviu Dragan. Previously he was CEO for US software producer Oracle for 14 y...

APPOINTMENTS

MS ALEXANDRA GATEJ has been appointed president of the American Chamber of Commerce (AmCham). The former presidential counsellor was previously president of Unilever Southeast Europe. The new vice-presidents of...

APPOINTMENTS

MR PETER DE RUITER has been reappointed president of Dutch business association the Netherlands-Romanian Chamber of Commerce. Mr De Ruiter is partner in tax and legal services at PricewaterhouseCoopers Romania....

APPOINTMENTS

MR GIULIO SIMONELLI is the new general manager of Banco Italo Romena, which has 22 branches in Romania. He replaces Mr Antonio Bianchin, who was appointed to another position in the Veneto Banca Holding, the mo...

APPOINTMENTS

MR DANIEL BOAJE, 40, has been appointed general manager of the McDonalds Romania, taking over from Ms Karen Bishop, who becomes vice-president of McDonald`s Canada. For five years, Mr Boaje has been general ma...

APPOINTMENTS

MR LUCA DAGNESE has been appointed country manager of energy group Enel Romania, taking over from Mr Claudio Zito. Mr DAgnese has been executive director general of power grid operator GRTN Italy and director...

APPOINTMENTS

MR THIERRY BALLOT has joined PwC Romania as disputes director in charge of southeast Europe. Previously experienced in disputes in Paris and Moscow, his last position was as director of risk & compliance in...

APPOINTMENTS

MS ANDREA GUSTOVIC ERCEGOVAC has been appointed the new Ambassador of Croatia in Bucharest, replacing Mr Dragan Duric. Previously Ms Ercegovac served as advisor in the Croatian Foreign Ministry.

INVESTMENTS

KLG Logistics plans expansion in north and south

Integrated logistics provider KLG Logistics has plans to extend its new logistic centre with a 20,000 sqm terminal near the A1 Bucharest-Pitesti motorway and build a new logistics centre in Turda, Cluj county. ...

INVESTMENTS

Oradea sees new one million Euro Sprider store

Clothing retailer Sprider has opened a one million Euro store in Oradea mall ERA Shopping Park. The new shop has a net area of 850 sqm and is the groups 17th in Romania. In Oradea, there is a potential basis ...

INVESTMENTS

Tornator buys further 500 hectares of forest in Buzau

Forestry investor Tornator, which holds 12,000 hectares of forest in Romania, has bought a further 500 hectares in Buzau county, in the first major transaction involving forests this year, according to Ziarul F...

INVESTMENTS

Enel plans farm of 200 turbines in five years

Energy group Enel plans to invest 500 million Euro from 2011 to 2015 to install a capacity of 400 MW in wind farms. In four years its company Enel Green Power will be the owner of a 200-turbine farm, which will...

INVESTMENTS

Signal Iduna boosts share capital as focus turns to health insurance

Insurance company Signal Iduna Romania has increased its share capital by two million Euro, bringing its total to 15 million Euro. President of the company Leslie Breer says the company remains dedicated to int...

INVESTMENTS

ProCredit Bank continues business centre overhaul with Constanta

Focused on funding small and medium enterprises ProCredit Bank Romania has opened a second business centre in Constanta, as part of the banks goal is to reorganise its existing branches into business centres. ...

DRIVING

Loaded for the road

BMWs family friendly 5 series Touring is an all-round pleasure with a phenomenal extras package Review by Adrian Ion

CITY LIFE

A cut above

Bringing tailoring into the modern age, a Bucharest start up is helping businessmen build a new look in made-to-measure suits without leaving their desk

ENERGY

Airbus and Tarom in joint push for Camelina bio-fuel development

Romanian airline Tarom and EADS-owned Airbus have kicked off a project to develop bio-kerosene jet-fuel from the Camelina plant for plantation, processing and production in Romania

EVENTS

Commissioner visits home to sell new CAP

Changing policy: On a visit to Bucharest European Commissioner for Agriculture Dacian Ciolos said that by 2014, ...


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Reports

REPORTS

Road to ruin

Citizens in Romania are under threat from the high risk of fatal traffic accidents. The reason? Unqualified drivers, bad infrastructure, no respect for rules and road signs stolen by scrap-iron salesmen Report by Nicoleta Banila

REPORTS

Billion-Euro fund hopes for foreign rush to local stock market

Bucharests stock exchange has been rocked by the arrival of a massive state-backed compensation fund, the price of which has dropped since its launch - but dont panic! - this could still jump-start Romanias stalled capital markets Report by Michael Bird and Cerasela Marin

Features

COUNTRY FOCUS

Step by step progress to reform

Progress at a political and economic level is moving in Romania - at a slow pace, but in the right direction, finds Nicoleta Banila as she interviews Netherlands Ambassador Tanya Van Gool

BUSINESS LEADERS

Sticking to his own path

Exports will be key to the revival of Romanias economy - and building material producer Den Bravens Adrian State believes he can show a shining example of this in a post-boom market. Profile by Andreea Ceasar

SECTOR ANALYSIS

Romanian mineral water brands gear up for export

Romanian mineral water is set to go global as new brands see the potential of vast resources from the Carpathian mountains for rising domestic consumption and export Report by Andreea Ceasar

EDITORIAL

Romanian love affair with the wheel shows contempt for public space

A national disgrace of Romania is the nations pathetic record on road safety. Every year EU-collated statistics have revealed how Romania is the most dangerous country in the 27 member-bloc for traffic fatalities

COUNTRY FOCUS

Opportunities at the recessions end

Peter de Ruiter, president of the Netherlands-Romanian Chamber of Commerce and partner at PwC Romania, tax and legal services

SECTOR ANALYSIS

Power rush on stand-by due to renewable law hold-up

Efforts to put in place a new law regarding subsidies for green energy producers must step up before Romania can become a renewable powerhouse - findings from the 2011 Green Energy Forum

 
 
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Most read articles
» A cut above
» Romanian mineral water brands gear up ...
» Airbus and Tarom in joint push for Cam...
» Sticking to his own path
» Chequered success of first time buyer ...
» Romanian love affair with the wheel sh...
» Road to ruin
» Billion-Euro fund hopes for foreign ru...
» Step by step progress to reform
» Loaded for the road