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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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Bucharest heads for referendum no one understands

Bucharest will see a referendum on 19 June to decide whether to abolish or transform the powers of the six Sector mayors


Power unions win appeal to stop creation of state energy giants

State hydro company Hidroelectrica union Hidrosind has won a trial against the creation of two state energy giants, Electra and Hidroenergetica, after the Bucharest Appeal Court rejected the governments proje...


Mr Ugur Yesil has been appointed the new general manager for Turkish-owned TV station Kanal D Romania. Part of the Kanal D team since 2006, Turkish national Mr Yesil has been promoted from his position of CFO. ...


Ms Gabriela Bordea has been appointed Romanian state airline Tarom′s general director, replacing Ms Ruxandra Brutaru, who resigned in March. Ms Brutaru is now the company′s vicepresident. Ms Bordea ...


Mr Andrea Multari, 41, has been appointed general manager of management consultancy, outsourcing and technology services company Accenture Romania, taking over from Mr Maurizio Barini. Mr Multari has been worki...


Mr Razvan Iorgu has been appointed managing director of real estate consultancy CB Richard Ellis Romania. Mr Iorgu, who was previously chief operating officer in CBRE Romania, is replacing Mr Radu Lucianu.


Mr Patrick Young will be the new general manager of the Sibiu Stock Exchange (Sibex), replacing Mr Teodor Ancuta, who will stay president of the board within the stock exchange. The appointment is pending a dec...


Mr Magor Csibi has been appointed the new programme director for international environmental NGO WWF in Romania. An ex-counsellor of education issues to the President of the lower chamber of Parliament and a vi...


Mr Bogdan Pana has been appointed executive manager in charge of hospitals and clinics at medical services provider Medicover. Mr Pana is a general practitioner, specialised in public health and medical managem...


Gedeon Richter Romania increases capital with 9.7 million Euro

Pharma group Gedeon Richter Romania will increase its share capital with 9.7 million Euro from 79.7 million Euro to 89.4 million Euro, by converting loans received from majority shareholder the Richter Group in...


Renaissance commits to local financing and advisory

Investment bank Renaissance Capital will open a Bucharest office to offer investment banking, privatisation advice and private equity financing. Renaissance recently won the mandate to organise a public offerin...


Interiors retailer JYSK plans up to seven stores for Bucharest

Furniture and interior decoration retailer JYSK Romania has expanded to Bucharest by opening in the Militari Shopping Center in the first of seven possible stores in the capital. JYSK invested one million Euro ...


GDF Suez Energy to invest 36.5 million Euro in its natural gas network

GDF Suez Energy Romania will invest almost 36.5 million Euro in 2011 in the modernisation of its natural gas network, according to Yvonnick David, the companys general manager. Natural gas supplier GDF Suez En...


Luxury services provider Radosa bets on Bucharest

Luxury services provider Radosa has opened a branch in Bucharest offering concierge services from dinner reservations to holiday planning. Radosa boasts access to benefits and privileges at posh hotels, restaur...


Emporiki Bank Romania raises capital by 15 million Euro

Credit Agricole-owned financial services group Emporiki Bank Romania has increased its share capital by 61.9 million RON (15 million Euro) to 237.68 million RON (57.9 million Euro. This was possible due to an ...


Taking on a new breed of vehicle

Audi enters the hybrid market with the massive and gadget-heavy A7 Review by Adrian Ion


Renovatio plans solar projects of 55 MW in Romania

Cyprus-headquartered renewable energy company Renovatio has in place 55 MW of pipeline projects in solar development in Romania, according to the firms head of international business development Andre Fraga



Tragedy and anger in hospital dissolution

Romanias closure of over 60 hospitals between April and December this year is leading to confusion and tragedy for staff and patients. Report by Nicoleta Banila


Fear of the outside

What life can Romania offer prisoners after their release from jail to ensure they do not re-offend? Report by Cerasela Marin. Photographs by Ioana Rotundu



Driving force for Romanian export hopes

After a disastrous two years following the collapse in western car sales, Romania is reviving as an expansion target for vehicle and car component manufacture. Report by Andreea Ceasar


Place in the sun for tourism

Israel and Romania are now enjoying a record rise in tourism exchange -with casinos, adventure tourism and family holidays pulling in the crowds Report by Cerasela Marin


Moving up a gear

As Ford readies to boost its sales in Romania, Henrik Nenzen, managing director of the Ford National Sales Company, gets behind the wheel of the Romanian driving mentality. Profile by Michael Bird


Superpower wins as Romanian media botches local Wikileaks release

Romanias publishing of its own Wikileaks revelations has descended into a bitter war between two media outlets, as opposed to a fight with authority on the principles of free access to information


Wake-up call for coffee market

Romanians are cutting back on their coffee fix at home and on the town as wholesale prices for the beverage rise and consumer spending falls Report by Cerasela Marin

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Most read articles
» Superpower wins as Romanian media botc...
» Wikileaks: Basescu stated EADS contrac...
» Renovatio plans solar projects of 55 M...
» Wake-up call for coffee market
» Moving up a gear
» Driving force for Romanian export hope...
» Fear of the outside
» TV mogul Sorin Ovidiu Vantu: murder is...
» Place in the sun for tourism
» Tragedy and anger in hospital dissolut...