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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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POLITICS

Romania inks anti-missile shield agreement

Romanian Foreign Affairs Minister Teodor Baconschi and the US State Secretary Hillary Clinton recently signed an agreement on the deployment of the US Ballistic Missile Defense System in Romania

ECONOMICS

Metrorex inks EUR 10.2 million contract for construction consulting services

Metrorex has signed a RON 44.71 million (EUR 10.2 million) contract, VAT excluded, with a consortium formed of the Romanian company Metroul and French firm Systra for construction consulting services for the Un...

ENERGY

Hidroelectrica takes out EUR 32 million loan for one year

The largest Romanian energy producer, Hidroelectrica, has secured a EUR 32 million loan from RBS Romania. The money will be used to expand the companys working capital and will have to be paid back in a maximu...

APPOINTMENTS

Razvan Popa has been appointed partner and head of the corporate, M&A and real estate practices in Romania at Kinstellar. Popa joined the independent law firm in 2009 as counsel and head of the local corpor...

APPOINTMENTS

Mihai Mares has resumed the position of managing partner at Mares & Associates. He announced that the law firm had started independent operations, capitalizing on its extended expertise gained since 2006. ...

APPOINTMENTS

Violeta Luca has become Flanco marketing director, completing the senior management team. Luca will be in charge of the coordination of the marketing strategy for some 75 Flanco retail units, which have over 60...

APPOINTMENTS

Daniela Cretu becomes founding partner for Romania of the John Maxwell Team, which specializes in coaching, training and business consulting. Cretu has served as a top executive with expertise in the banking an...

APPOINTMENTS

Radu Lucianu has teamed up with Capital Partners to form a new company, Capital Property Advisors. He left CBRE in April this year. The newly formed and already active Capital Property Advisors will target sec...

APPOINTMENTS

Alina Stancu-Birsan, Monica Iancu, Oana Albota and Catalin Alexandru have been appointed new partners at PeliFilip. The law firm has also promoted Irina Bugnar, Monica Statescu and Alexandra Radulescu to senior...

INVESTMENTS

Vivani Salubritate to complete EUR 1 million investment

Vivani Salubritate, part of the German group Chinox Beteililgungs, will this year complete a EUR 1 million investment in an installation for the preparation, dosage and delivery of liquid alternative fuels in p...

INVESTMENTS

Medas to open EUR 4 million hospital

Medical service operator Medas will open a hospital later this year following an investment of about EUR 4 million. According to the company, the facility will have 40 beds for continued hospitalization and bet...

INVESTMENTS

Felix Tourism invests EUR 20 mln in first five-star spa hotel

Felix Tourism is investing EUR 20 million in the first five-star spa hotel in Romania, which will be inaugurated at the end of next year, in Baile Felix. The company also owns the four-star International hotel,...

INVESTMENTS

Muntmark to develop EUR 240 million wind farm

Wind project developer Emanuel Muntmark, owner of Monsson Group will start construction of a 150 MW wind farm to the north of Constanta. The investment will amount to EUR 240 million and the turbine supplier wi...

INVESTMENTS

MedLife opens hospital and acquires maternity clinic in Brasov

MedLife has invested over EUR 10 million in opening a private hospital with 60 beds and the acquisition of maternity clinic Eva in Brasov, which, according to the company, is the largest maternity facility in t...

INVESTMENTS

Cluj Country Council pours EUR 5.6 mln into waste management solutions

Cluj Country Council has sent documents awarding the project concerning works for the construction of three waste transfer stations in Cluj Country, worth about EUR 5.6 million, for publication to the SEAP (Ele...

CITY LIFE

Dani Lary Counts on mystery

Every 100 years, Count du Bois des Naix comes to life at midnight to find the beautiful Valerian

EVENTS

Hard talk at the Automotive After-sales Power Breakfast

The Automotive After-sales Power Breakfast round-table organized by The Diplomat-Bucharest on September 27 addressed the challenges of the sector

ROREC

RoRec Association launches program for local authorities

The Romanian Recycling Association RoRec is taking its actions on WEEE collection centers to the next level


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Reports

REPORTS

No deal: M&A market struggles to bounce back

Limited financial resources, barriers to negotiations, and the gap between the buyers and sellers views on the real value of the business concerned are among the hurdles that stand in the way of the successful completion of M&As nowadays. By Dana Verdes

REPORTS

Tech-savvy users say three cheers for 3D

With 3D products and content now becoming mass market, the local 3D scene is gaining a new dimension. By Dana Verdes

Features

BUSINESS LEADERS

Banker gets new lease of life

After four years at the helm of Erste Group Immorent, Bogdan Cernescu notched up substantial financial results in the years before the crisis hit, but has also had to find ways to fight the economic downturn and keep the company afloat By Roxana Cristea

COUNTRY FOCUS

German firms march on despite crisis and red tape

The 18,000 firms with German capital present in Romania account for EUR 14.1 billion in trade and this year expect double-digit growth By Dana Verdes and Magda Purice

SECTOR ANALYSIS

Efficient logistics a walk in the park

What is the first step in developing an efficient logistics chain? By Magda Purice

EDITORIAL

Are we the authors of our own misfortune?

One of the hot topics of the last month has been the TV show featuring a group of French comedians, broadcast by a major TV station in the Hexagon, mocking Romanians whom it describes as dirty beggars

BUSINESS LEADERS

Defensive maneuver

Twenty-four used F16 jet fighters are Romanias best option, Scott Harris, Lockheed Martin president for Continental Europe, reveals to The Diplomat-Bucharest on the countrys potential aircraft purchase. By Adrian Ion

SECTOR ANALYSIS

After-sales market needs inspection

How does the automotive aftermarket, worth about EUR 1 billion in Romania, relate to the after-sales and insurance sectors establishing themselves locally? By Magda Purice and Roxana Cristea

SECTOR ANALYSIS

The real state of office real estate

A few years ago developers were eagerly building office space. Now the vacant stock is generating total monthly losses of EUR 6 million for its owners By Roxana Cristea

SECTOR ANALYSIS

Getting the economic engine in gear

Players on the goods movement market are keeping their fingers crossed that improvements to their work tools regulations, good road infrastructure and a functional sea harbor will come sooner rather than later By Magda Purice

 
 
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