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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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Print edition

POLITICS

Boc: Romania only EU country not seizing criminals assets

Democrat Liberal Party (PDL) leader Emil Boc has said that he expects the Constitution to allow all assets acquired through corruption to be seized

ECONOMICS

State seeks minority investor for Compania Nationala Posta Romana

The State is seeking an investor to buy 34 percent of the shares in Compania Nationala Posta Romana (CNPR), according to a government document

ENERGY

Energy bills in Romania expected to rise 4.7 percent in 2012

Romanias centrist coalition government approved late last month a support scheme for renewable energy producers ...

APPOINTMENTS

Jerome Mouillet will lead Michelin′s tire facility production in Floresti, after the former director, Carmen Petcu, was assigned to take over another position within Michelin Group. During his 16 years at...

APPOINTMENTS

Horatiu Pirvulescu has been assigned to lead the audit office of Ernst & Young (E&Y) in Timisoara, having spent several years as financial director of different companies with operations in audit and co...

APPOINTMENTS

Regis Lhomme, general manager of Amgen Romania, has been elected president of the Romanian Association of International Drug Manufacturers (ARPIM). Lhomme has over 30 years′ experience in the pharmaceutic...

APPOINTMENTS

Claudia Nemat has been appointed head of European strategy for Deutsche Telekom. She is set to present a strategy for Greece and other EU countries in early 2012. Nemat has been a member of the Deutsche Telekom...

APPOINTMENTS

Alexandru Popescu has been appointed chief operating officer at Continental Hotels, starting October 1. He will coordinate the hotel chain′s operations. His targets are to increase the efficiency of activ...

APPOINTMENTS

Jean Pascal took over the position of GM of Hotel Epoque starting last month. Pascal has 30 years experience in the hospitality industry, having supervised five-star operations in key locations in Europe and t...

INVESTMENTS

Continental rolls out EUR 40 million to expand Timisoara tire facility

German tire producer Continental will expand its production facility in Timisoara, following an investment of EUR 40 mln. The company will hire 300 more employees after the expansion. Continental has been prese...

INVESTMENTS

Toro to produce irrigation systems in Romania

American irrigation systems producer Toro will open a new production facility in Ploiesti, targeting markets in Russia and Ukraine, but also local agriculture. The production plant is located inside Ploiesti We...

INVESTMENTS

Regina Maria acquires Promed clinic

Private medical services operator Regina Maria, controlled by the investment fund Advent International, has acquired a large stake in Promed clinic, marking its entrance into in vitro fertilization and maternal...

INVESTMENTS

Arcadia injects EUR 850,000 into clinic in Palas commercial center in Iasi

Medical services provider Acadia has invested EUR 850,000 in opening a polyclinic inside Palas commercial center in Iasi. The company has hired 15 doctors and 20 nurses for the facility. Acadia also runs a lar...

INVESTMENTS

Yazaki Romania opens new EUR 4 mln plant in Caracal

Car cable systems producer Yazaki has launched a new EUR 4 mln production facility in Caracal, Olt County. The firm already operates a facility in Ploiesti, which it opened in 2003. At the Caracal site, Yazaki ...

INVESTMENTS

Huawei to invest EUR 200 mln in Romania by 2014

The Chinese producer of IT&C equipment Huawei will invest EUR 200 million by 2014, targeting the development of a designing center in the Pipera area and a fiber optic network countrywide, in partnership wi...

DRIVING

Is the Series 1 still the One?

The compact car class is the most hotly disputed in terms of sales volumes, so naturally manufacturers are embroiled in a fierce battle to grab as much as possible from the market share pie. Case study on the B...

EVENTS

Lotus bloom

The Lotus Exige S, dubbed by many European auto magazines 'sports car of the year', was launched in Romania by the Forza Rossa group

CITY LIFE

Mr Sex Bomb comes to Bucharest

Welsh star Tom Jones will play Bucharests Sala Palatului on November 17. The concert is part of a tour to promote the album Praise & Blame, released in 2010

ROREC

RoRec in the group of first movers for the implementation of the WEEELABEX standards for WEEE* management

At its meeting in Amsterdam on 1 April 2011, the General Assembly of the WEEE Forum approved the standards (consolidated into version 9) and decided that they will not be subject of modifications for a period o...


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Reports

REPORTS

Investment funds stick to window shopping

Investment funds with operations on the local market are just window shopping for real estate opportunities By Magda Purice and Dana Verdes

REPORTS

Uncorking Romanias wine potential

The Romanian wine industry has matured considerably in the last ten years. Product quality has increased, the area of vineyards has shrunk, the number of new investments has hiked and new players have entered the fray. By Roxana Cristea

Features

COUNTRY FOCUS

Viennese waltz continues on Romanias economic stage

With Austria the second largest investing country in Romania, H.E. Michael Schwarzinger, the Austrian Ambassador to Bucharest, tells The Diplomat Bucharest that investors from the Central European country are here to stay, but points the finger at the public sectors lack of transparency. By Magda Purice

SECTOR ANALYSIS

Real estate goes back to basics

What is the real state of the real estate market in Romania? It seems that anyone trying to develop successful projects in the current market conditions has to reconsider the age-old lessons of business By Dana Verdes, Magda Purice and Roxana Cristea

BUSINESS LEADERS

Hotel GM checks back in

The five-star hotel Crowne Plaza has seen major changes of late. The facade has been renovated and new restaurants opened, while the rooms are also being upgraded. But the biggest news is the return of Franz Rattenstetter to the helm. The German GM is relying on flexible prices and quality services to restore the hotel to its pre-crisis level. By Roxana Cristea

EDITORIAL

The Kings speech throws less than regal light on local politics

One of Octobers main political events was, undoubtedly, the national council of the Social Democrat Party (PSD)

COUNTRY FOCUS

Austrians climb the recession mountain

Austrian investors have not been immune to the crisis. But companies from the Central European country, which is responsible for the second largest FDI contribution to Romania, are bracing themselves for the rough ride and pursuing their investment strategies, albeit different ones than during the boom years gone by. By Dana Verdes, Magda Purice and Roxana Cristea

SECTOR ANALYSIS

Accommodating king‑size business hopes

Amid the rapid expansion of world famous hotel chains over the last decade, boosting the three-star and above slices of the local market, how can a niche product like boutique hotels get bodies in beds? By Magda Purice

 
 
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Most read articles
» Not all that glitters is gold for Rosi...
» Hotel GM checks back in
» Austrians climb the recession mountain
» The Kings speech throws less than reg...
» Uncorking Romanias wine potential
» Viennese waltz continues on Romanias ...
» Is the Series 1 still the One?
» Real estate goes back to basics
» Accommodating king‑size business...
» Mr Sex Bomb comes to Bucharest