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POLITICS

Coalition to proceed with merging elections in November 2012

The UDMR and PDL ruling coalition has agreed to stick with its decision to merge local and legislative elections in November 2012, said Kelemen Hunor (photo), UDMR leader

ECONOMICS

Revenue hike and expenditure stagnation shape 2012 budget

The state budget for next year has been allocated in the context of a deficit of RON 17.1 billion, with revenues of RON 95.65 billion lei, up 13.5 percent on the RON 84.26 billion of revenues projected for this...

ENERGY

Verbund initiates construction of first section of Casimcea wind park

Following an investment estimated at around EUR 300 million, Austrian company Verbund has announced that the electric station at its project in Casimcea, south-eastern Romania, is now completed

DRIVING

New Q joins the queue

The Audi Q3 is a car that offers more than you might expect. By Adrian Ion

CITY LIFE

Cirque du Soleil brings Saltimbanco to Romania

International group Cirque du Soleil is coming to Romania for the first time, with the production Saltimbanco

APPOINTMENTS

George Argentopoulos will be the new CEO of Baneasa Shopping city. He will replace Ali Ergun Ergen who hold the position in the last 6 years to the development of Northern Bucharest commercial project Baneasa. ...

INVESTMENTS

Draxlmaier to invest EUR 30 mln at Satu Mare

German company Draxlmaier has recently announced that it will invest about EUR 30 mln in expanding the production of automotive electrical wiring in its Satu Mare plant. The investment which will start next y...

EVENTS

Charity ball

The 11th Edelweiss Charity Ball, the largest such event in 2011

ROREC

RoRec Associations WEEE collection campaigns

Romanians are willing to recycle and are concerned about the environment, one of the main impediments in their way is the fact that in Romania there is not a coherent collection system in place


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Reports

REPORTS

Couriers seek to dispatch rivals post-haste

After two hard years of coping with the economic gloom and several bankruptcies in 2010, managers of the largest courier firms active locally told The Diplomat Bucharest how much the market - estimated at EUR 200 million for this year - has slowed, what their business expectations are and where the growth potential opportunities may pop up. By Magda Purice

REPORTS

Delivering change

Challenged by a privatization attempt in 2007, huge losses, a record EUR 26 mln fine, and wary of breaching competition law, the Romanian Post seems finally to be delivering on its market, with a little help from the States international economic agreements. Now seeking a strategic investor to put its stamp on the service, the Romanian Post is shaking off the dust of the past and going head‑to‑head with its competitors

REPORTS

Hidroelectrica finally galvanized over dodgy discounts

After the European Commission started an investigation into possible state aid in relation to the cheap energy acquired by smart guys on the local energy market, officials from the state-owned energy producer Hidroelectrica are now talking about price renegotiations of at least 3.5 percent and even the annulment of contracts. By Dana Verdes

Features

BUSINESS LEADERS

Electricity chief embraces state switch

Coming from the private sector, Horia Hahaianu, Transelectrica GM, took up the challenge of running a state-owned company. He tells The Diplomat Bucharest the latest details on the companys major projects. By Dana Verdes

EDITORIAL

Few signs of a prosperous New Year

As the festive season approaches, we at The Diplomat Bucharest have another reason to celebrate: our eighth anniversary on the market. Its an achievement were proud of especially given that many other local businesses have succumbed to the hostile market conditions

SECTOR ANALYSIS

Romanian healthcare system seeks to inject clarity into financing

The main changes brought about by the new draft healthcare law, the amendments it has undergone so far and the potential funding structure of this sector were just a few of the themes of the Financing Mechanisms of the Healthcare System event, organized by The Diplomat Bucharest. By Magda Purice, Roxana Cristea

SECTOR ANALYSIS

Prepare to party like its 2012!

This year, as in the past two years, Bucharests five-star hotels are not throwing the glitzy parties they used to host before the crisis, which once brought in big bucks. Why? By Roxana Cristea

SECTOR ANALYSIS

Business travel still up in the air

Worth around EUR 500 million in 2011, business travel in Romania is the only sector of the local hospitality sector that is efficient and on the up. Industry consultants and the managers of major airlines, travel agents, hotels and corporate associations tell The Diplomat Bucharest what conditions are required for this segment to soar next year. By Magda Purice and Roxana Cristea

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
» Electricity chief embraces state switc...
» Business travel still up in the air
» Prepare to party like its 2012!
» Verbund initiates construction of firs...
» New Q joins the queue
» Couriers seek to dispatch rivals post-...
» Few signs of a prosperous New Year
» Grace-and-favor homes to be sold throu...
» Hidroelectrica finally galvanized over...
» Romanian healthcare system seeks to in...