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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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Emil Boc re-elected ruling party president

President of the Democratic Liberal Party Emil Boc has been reconfirmed president of the Democratic Liberal Party with 62 per cent of votes, while his main rival, Vasile Blaga, received 34 percent of the ballot...


Tarom will not be privatised, only minority stake will be sold, says Govern

The Romanian Government has conveyed in the former letter of intent submitted to the International Monetary Fund (IMF) its decision to privatise the energy plants of Turceni, Rovinari and Craiova


The insignia of the bourgeoisie

Opel is starting afresh with a new design for the Insignia, its mid-range model that is the latest salvo in the carmakers ongoing battle with Ford and Volkswagen. So will it cruise the reviews or stall at the ...


Lacerta opens new 8 million Euro winery

Premium wine producer Lacerta Winery has inaugurated a new facility in Dealu Mare, Buzau County, in eastern Romania, built with an 8 million Euro Austrian investment. The complex spans over 2,000 sqm and hosts ...


JTI to close last factory in Austria and relocate to Romania or Poland

Japan Tobacco International, JTI, plans to shut down its Austrian factory by the end of the year and move production to Romania or Poland, according to Kurier.at. The 240 employees at the factory in Hainburg wi...


Prio Foods launches new oil crushing unit in Lehliu

Prio Foods, part of Martifer Group, has launched a new crushing unit for vegetable oil production in Lehliu, Calarasi County, built with a 93 million Euro greenfield investment. The facility can store 316,000 t...


Bosch to open new production facility in Romania

Automobile technics producer Bosch plans to build a new factory in Romania and develop its Rexroth factory in Blaj. In 2010, the Blaj plant had 470 employees, 35 per cent more than in 2009. Bosch Rexroth makes ...


Turks invest in private eye clinic in Bucharest

A private ophthalmology hospital has been opened in Bucharest, funded by a Turkish investment of 20 million Euro


France Telecom to invest half a billion Euro in Orange Romania by 2015

France Telecom-Orange Group has announced plans to invest between 500 and 600 million Euro in the growth of its local subsidiary by 2015, according to Thierry Millet, Orange Romania GM. This year the company ha...


Kinga Agnes Daradics has been appointed managing director of MOL Romania, replacing Szabolcs Ferencz, who has been promoted to lead a new Corporate Affairs division at MOL. Daradics started her career with MOL ...


Angus Slater has joined telecom company Vodafone Romania as chief marketing officer (CMO), effective from June. Slater joined Vodafone in 2003 and has worked across all areas of marketing in countries including...


Steve Warner has been appointed managing director of MSD Romania, replacing Agata Jakoncic, who was recently promoted to regional director of MSD Balkan Region. Before coming to Romania Warner served as marketi...


Jens Hoesel is the new general manager of Bergenbier Romania. Hoesel has 16 years of professional experience in the beer industry, 13 of which were spent with AB InBev. He has previously served as chief sales o...


Victor Geus has been appointed general manager of the GlaxoSmithKline (GSK) Consumer Healthcare division for Romania, the Adriatic, Balkans and Baltic region. He will coordinate, from his Bucharest office, the ...


Utku Ogrendil has been appointed managing director of Provus-RomCard Group, after Polish private equity fund Innova Capital took over the majority stake of Provus card processing company and its subsidiary RomC...


Razvan Iorgu has been appointed managing director of CB Richard Ellis Romania. With 10 years of expertise on the Romanian market, Iorgu has worked for real estate company Eurisko. After the firm was taken over ...


Concorde Developments invests 350 million Euro in two local wind farms

Concorde Developments Group will invest 350 million Euro in two wind projects in Romania


Transylvania International Film Festival begins

The tenth annual Transylvania International Film Festival (TIFF) will be held this year between June 3 and 12, in Cluj-Napoca, north-western Romania. Over 700 Romanian and foreign guests are expected to gather ...


The industry under threat! - Part II

Government Decision 1037/2010 transposing Directive 2002/96/CE into national legislation



Mission: modernise Moldova as eastern neighbour invites investors

At the EUs border, speaking the same language as Romanians, and with a relatively small market, where services, trade and production are only nascent, the Republic of Moldova seems like a natural expansion option for companies present on the Romanian market. The Diplomat Bucharest takes a look at the business opportunities and drawbacks that Moldova presents. Cerasela Marin



Latin links lead to lucrative opportunities

Romanias accession to the Schengen area could boost Italian-Romanian trade by 1 billion Euro, believes the Italian Ambassador to Bucharest, Mario Cospito, as infrastructure, energy, IT&C and high-quality agricultural produce are proving fertile commercial territory for companies from the boot-shaped Italian peninsula. Cerasela Marin


Operational leasing firms trumpet benefits in drive for market share

Choose a car, drive it away, let someone else pick up all the costs of unexpected repairs and maintenance, and when youre done simply give it back. Operational leasing is a popular service outside Romania, but has been in the country for less than a decade. So whats it all about? Magda Purice


Always room for improvement

JW Marriott Bucharest had a good year in Romania in 2010, believes Igael Porecki the Israeli who has been at the helm of the internationally-known hotel since 2009 and the outlook for 2011 seems encouraging


Statistically speaking, we're fine

The March statistics on net salary income show an 80 RON hike in absolute value. This is up on the February figures, but down year on year. Are we to understand that we are fine or are we kidding ourselves... statistically speaking?


Cultivating Romanias agri potential

With difficulties in accessing loans, no state-run research centres, unhelpful agricultural policies and almost no voices speaking up for Romanian interests in European forums, the local agricultural scene could fall 20 years behind against the European market if urgent measures arent taken. Over 130 decision makers from state institutions joined Romanias top farmers and landowners to debate the pressing


Hoteliers find budget segment most hospitable

Hotel chains active in Romania are changing their strategies in a way that might seem counterintuitive they are giving up on building big, expensive four- and five-star hotels, and are focusing more on the economy segment.Cerasela Marin

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Most read articles
» Latin links lead to lucrative opportun...
» The insignia of the bourgeoisie
» Operational leasing firms trumpet bene...
» Cultivating Romanias agri potential
» Statistically speaking, we're fine
» Mission: modernise Moldova as eastern ...
» Hoteliers find budget segment most hos...
» Always room for improvement
» British investment fund offers 70 mill...
» Transylvania International Film Festiv...