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Enel to invest 329 million Euro in Romania in 2017-2018

Enel has planned investments for a total of 329 million Euro for the current regulatory cycle ending in 2018, of which of over 151 million Euro are due for 2017 and 178 million Euro for 2018.

Commissioner Cretu underscores need for monitoring implementation of major projects in Romania
Uber to launch carpool service in Romania by 2020
BMW Group explores Romanian IT industry opportunities
Illegal logging in Romania reduces in 2016
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POLITICS

The Netherland delays Romania and Bulgarias Schengen entry

Romania and Bulgarias access to the Schengen Area has been pushed back by a year by the Netherlands decision to refrain from voting in the European Parliament. Under European Union (EU) rules, a unanimous vot...

ECONOMICS

Taroms 2010 losses hike 42 percent to EUR 80 million

National airline Tarom posted losses of just under EUR 80 million in 2010, 41.6 percent more than in 2009, according to official company data

ENERGY

EBRD and IFC approve EUR 115 mln loan for Cernavoda wind farms

The European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC), a World Bank member, have approved a EUR 114.8 million loan to co-finance the construction and operat...

APPOINTMENTS

Jean-Francois Fallacher has been appointed chief executive officer of Orange Romania starting July this year. Thierry Millet, the former CEO of Orange Romania since 2009, will continue to coordinate the contact...

APPOINTMENTS

Ionut Lupsa has been appointed partner in the disputes and arbitration department of law office Vilau & Mitel. He joined the team as a senior in 2004 and holds a bachelors degree in law which he obtained i...

APPOINTMENTS

Bogdan Ion has been appointed country leader of E&Ys practices in Romania and the Republic of Moldova starting July 1, taking over from Camelia Horlaci who has held the position since 2005. Horlaci will co...

APPOINTMENTS

Alexandru Victor Savi-Nims has become managing associate (real estate department) within the law office Vilau & Mitel, having joined the company in 2007, as associate. He holds a bachelors degree in law wh...

APPOINTMENTS

Radu Stoicoviciu, partner, becomes the new advisory leader of PricewaterhouseCoopers Romania, leading a team of more than 100 management consultants spread across PricewaterhouseCoopers Romanias five regional ...

APPOINTMENTS

Vladimir Kolarevici has joined Superlit Romania as regional sales manager for the Balkans, taking over responsibilities for planning, organizing, guiding, co-coordinating and supervising all sales activities on...

APPOINTMENTS

Bogdan Dobre has been appointed general manager of the Concrete & Aggregates division of Holcim. He is replacing Anastas Dimovski, who will continue his career with the group. Dobre has been part of the Hol...

APPOINTMENTS

Mircea Bozga becomes a new partner in the assurance department of PwC Romania. Bogza has been with the firm since 1997 and will now be working as a partner within the industrial products industry group. He is a...

APPOINTMENTS

Mihai Ghyka is the new chief commercial officer of the consumer business unit of Vodafone Romania, starting June 20. Previously, he was president and general manager of Bergenbier Romania (former InBev) and wor...

APPOINTMENTS

Cristian Gavrila, 36, is the new counsel and head of litigation and arbitration at the corporate law firm RTPR Allen & Overy. Previously, he was partner at a top ten law office in Romania and he has gained ...

INVESTMENTS

Henkel invests EUR 10 million in new factory

German company Henkel has announced a EUR 10 mln investment in a new adhesives and construction materials plant in Roznov, Neamt County. The investment should be ready in November next year. With EU funding of ...

INVESTMENTS

Kaufland to open EUR 8 mln shopping center in Ploiesti

The German group Kaufland has announced that it is investing EUR 8 mln in a hypermarket and a shopping gallery in Ploiesti. Construction works should be finished in October this year. Kaufland officials said th...

INVESTMENTS

Delphi to hire 1,000 workers at new plant

Car components producer Delphi Automotive is opening a new plant in Moldova Noua, in the South-West of Romania. The site will produce wiring harness modules for EU carmakers. Employment at the new plant could p...

INVESTMENTS

Sonae Sierra to begin work on EUR 111 mln mall in Craiova

Portuguese company Sonae Sierra has announced that it will start works on a EUR 111 million at Adora commercial center in Craiova this month. Company officials have announced that they have contracts signed for...

INVESTMENTS

Mechel pours USD 50 mln into new steel mill

Russian heavy industry holding Mechel has recently inaugurated its new steel mill in Otelul Rosu, Caras-Severin County. The investment reached USD 50 mln and involved a new electric arc furnace equipped with th...

INVESTMENTS

Gral Medical opens three new clinics

Medical services operator Gral Medical, which is controlled by Robert and Georgeta Serban, has announced that it has invested EUR 600,000 to open clinics in Pitesti, Ploiesti and Focsani in June. The investment...

DRIVING

Riding the wind of change

The new Ford Focus brings sophisticated technology to the compact car segment. The Diplomat Bucharest finds if the new model lives up to its heritage as a drivers car. By Adrian Ion

CITY LIFE

Were half-way there: Bon Jovis first local concert nears

Legendary American rock band Bon Jovi are due to touch down in Romania for the first time on July 10, and perform in Piata Constitutiei (Constitutiei Square), in front of the Parliament building. The event is...

EVENTS

AUTOMOTIVE EVENT

The Diplomat Bucharest organized on June 29 a Power Breakfast on the Automotive industry, where decision-makers and top officials from the major car parts producers and other auto firms gathered to network, c...

ROREC

RoRec Association and local authorities unvail the National Network for WEEE Collection Centers

Romanian Association for Recycling RoRec initiated a national project meant to create a coherent WEEE (waste of electric and electronic equipment) collection infrastructure, in partnership with local authoritie...


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Reports

REPORTS

White goods pin hopes on premium

White goods market insiders at Bosch, Indesit and Whirlpool tell The Diplomat Bucharest that sales will see 2-3 percent growth this year, but only if the government takes action to revitalize consumption. Meanwhile, companies are relying on discounts and premium products to stabilize their businesses, as these are the only things still tempting buyers during the crisis. By Cerasela Marin

REPORTS

Operation: expat

Emerging markets like Romania have in recent years been a magnet for firms looking to expand their horizons. The know-how transfer initially means the relocation of some of these companies top international talent. Expats, real estate agencies and HR specialists told The Diplomat Bucharest how firms get their best people over here and what it all costs. By Magda Purice

REPORTS

Online discounts reaching their peak?

After a period in which discount sites have become more and more active, specialists predict that the ongoing boom in these sites will temper during this year, and their number might get down from the current 40 by 2012, when the market is expected to reach its maturity. By Magda Purice

Features

COUNTRY FOCUS

Swiss franc about local market obstacles

The economic whirlwind in which Romania has been the past few years has given foreign investors quite some thrills. And Swiss firms are no exception. They remain interested in Romania, despite a drop in business volume, and the country is still one of main Eastern European destinations for Swiss investments, because of cheap labor and a large production and consumption capacity. By Cerasela Marin

COUNTRY FOCUS

Vive les investments!

Companies such as BRD-Groupe Societe Generale, Orange, Air France KLM, Renault, Sanofi Aventis, Apa Nova and Michelin have announced hundreds of millions worth of investment in Romania despite the turmoil. With bilateral trade of EUR 5.5 billion last year a 23 percent hike y-o-y France is a solid foreign investor on the local market

COUNTRY FOCUS

US firms analyze state of market

With American giants Ford, Smithfield, Procter&Gamble and Cargill having already set up base in Romania, companies like ExxonMobil and Chevron could follow suit in the next few years. The Diplomat Bucharest asked top US companies how they are coping with local operations and what their investment plans here are. By Dana Verdes

SECTOR ANALYSIS

Romanian infrastructure tries to avoid becoming road to nowhere

Things have started moving in Romanian infrastructure. At least that is the official line from the authorities, who are talking up EUR 3 bln worth of motorway projects currently under way, due by 2012. By Cerasela Marin

BUSINESS LEADERS

Tapping into water investment

With some RON 200 million of varnished investments and plans to expand in other cities in Romania, Apa Nova is looking for more local investment opportunities. Bruno Roche, the companys GM and president of the French Chamber of Commerce, Industry and Agriculture in Romania (CCIFER), told The Diplomat Bucharest Apa Novas latest plans for local lease contracts as well as his realistic take on the Romanian business environment

EDITORIAL

How the small became big

One of the hot topics of recent weeks has been Romanias potential territorial re-division. But nobody knows the real reasons why the idea was made the subject of public debate...

COUNTRY FOCUS

Jacques Reber - Swiss‑Romanian Chamber of Commerce president

SECTOR ANALYSIS

Anca Boagiu: We must get Romania back on track

Eleven years after Anca Boagiu, minister of transport, launched a bold program for national infrastructure development in her first term out of which only the motorways were not constructed the plans have been changed.

COUNTRY FOCUS

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

SECTOR ANALYSIS

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

BUSINESS LEADERS

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

EDITORIAL

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?

SECTOR ANALYSIS

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

SECTOR ANALYSIS

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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