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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
Read all News >>

Print edition

POLITICS

New PNL Leader Antonescu to take on Basescu

National Liberal Party (PNL) Senator Crin Antonescu won a landslide election against former Prime Minister Calin Popescu Tariceanu to become PNL party leader and potential presidential candidate against Traian ...

ECONOMICS

Romania bailed out by IMF

Romania has reached an agreement to take out a 12.95 billion Euro loan from the International Monetary (IMF) under a two year stand-by agreement to prevent the deterioration of the countrys financial and econo...

INVESTMENTS

Hungarian CSR consultants open capital office

INVESTMENTS

German supermarket plans ten new stores

INVESTMENTS

German clothes retailer hits Braila and capital

INVESTMENTS

French telecom group buys rival distributor

INVESTMENTS

French supermarkets open in mini-malls

INVESTMENTS

French mailers pick up local player

INVESTMENTS

Belgian grocers continue Bucharest blitz

INVESTMENTS

Lebanese cash boost for chicken growers

INVESTMENTS

Dutch shippers build new production hall

INVESTMENTS

Swedish fund buys into building materials

INVESTMENTS

US prefab concrete supplier to expand

INVESTMENTS

US exec trainers choose local partner

INVESTMENTS

Wind energy giant in 2.5 billion Euro plan

APPOINTMENTS

Mr Lazar Comanescu, 60, has been appointed Romanias Ambassador to Germany, replacing Mr Bogdan Mazuru. who ended his diplomatic term in Berlin. A fluent speaker of English and French, Mr Comanescu also has goo...

APPOINTMENTS

Mr Viorel Scurtu is the new general manager of the national railway company CFR, replacing Mr Constantin Manea. Meanwhile Mr Liviu Pescariu has been confirmed as the new general manager of CFR Calatori, the nat...

APPOINTMENTS

Mr Crin Antonescu, 50, has been elected the new president of the National Liberal Party (PNL). He has been a member of the PNL since 1990, was elected three times as Deputy and now is a Senator for Bucharest. M...

APPOINTMENTS

Romanian Canned food producer Scandia Romana has appointed a new general manager, Mr Robert Redeleanu, replacing Mr Adrian Gaspar, who will continue as administrator and president of companys Administration Bo...

APPOINTMENTS

Mr Darius Mesca is the new president of the Romanian Agency for Foreign Investments (ARIS). He worked previously as secretary of state in the Ministry of Economy and Finance

APPOINTMENTS

Mr Stanislav Uma, 41, has been appointed as CEO of insurance firm ARDAF Asigurari Reasigurari, part of Generali PPF Holding, which is represented in Romania by insurance firms Generali Asigurari and RAI and pen...

APPOINTMENTS

Mr Pieter Wessel has been appointed tax partner at Deloitte Balkans, including Romania, Bulgaria, Moldova Republic, Albania and Kosovo. Based in Bucharest, Mr Wessel will be consolidating the firms VAT practic...


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Reports

REPORTS

Driven to the edge

Romanias dynamic car production and vehicle sales have crossed from the fast lane to the hard shoulder what are the moves for rescuing these industries in crisis? Alexandra Pehlivan reports

REPORTS

Battle for the skies

Airlines are cutting prices to attract customers and adding extra charges to maximise sales, but while the number of travellers to Romania slumps, some carriers predict a rise in traffic. Alexandra Pehlivan reports

REPORTS

Jobless surge but true figure unknown

Romanias unemployment is rising at a rapid rate but no one is certain of the true number of those out of work

REPORTS

Jobless rise fast from all-time low

REPORTS

Sacked: the big lay-off list

Some employers are putting in place a pay freeze or pay cut for their staff, while others are granting a rise in line with inflation.

Features

COUNTRY FOCUS

Keeping on the right side of the law

Fears that Romania will roll-back its justice reform will not be realised as long as key figures in the rule of law remain in place, says Jaap Werner, Ambassador of the Netherlands

SECTOR ANALYSIS

Healthy and ailing firms mix in new pharma group

Profit-making generic pharma firm Antibiotice will merge with a loss-making syringe company to create a new state pharma holding: is this the correct prescription for one of the states jewels? Reports Ana Maria Nitoi

SECTOR ANALYSIS

Rollback in sales rulebook for pharma

Health authorities have changed the rules on the local pharma sector to favour generic producers over multinational importers. Ana Maria Nitoi reports

EDITORIAL

City's lack of strategy condemns heart of Bucharest

 
 
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