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Bucharest is lacking a joined-up system. The lack of coordination means that the value o»
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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
Read all News >>

Print edition

ECONOMICS

IMF board approves release of EUR 505 mln to Romania

The International Monetary Fund (IMF) expert mission will recommend its board approve the next EUR 505 million tranche from the stand-by accord, after it judged Romania was meeting its targets under the bailout...

POLITICS

Coalition to support European fiscal treaty, opposition invited to join dialogue

The ruling coalition has said it will sign a protocol agreement to support Romanias signing and ratification of the EU fiscal treaty. The document will be also open to the opposition, who have been invited to ...

ENERGY

IMF: Bilateral contracts that cost Hidroelectrica millions of euro should immediately cease

Directly negotiated bilateral energy contracts that benefit certain groups at the expense of the public should be immediately stopped, since such arrangements cause losses to Hidroelectrica of EUR 175-275 milli...

INFRASTRUCTURE

CFR signs EUR 479 million of contracts for modernization works

National railway company CFR has signed a total of EUR 479 million of contracts with different construction consortiums, for modernization works on the railway network

REAL ESTATE

AFI Business Park Cotroceni gets EUR 13.4 mln loan for first office building

AFI Europe, a member of Israeli AFI Group, has announced that it has inked a EUR 13.4 million financing agreement with UniCredit Bank Austria

CITY LIFE

Hollywood Music brings movie magic back to Bucharest

The Center for Performing Arts and Cultural Association Teocta presents for the second time the show Hollywood Music in Bucharest, which will roll out the red carpet on March 28, at Sala Palatului (Palace Hall)...

CITY LIFE

Flamenco, castanets and emotions awaken Latin spirit

Passionate music, dance, castanets, emotions and Latin spirit will be presented to the Romanian public in the Angel Munoz show, which will come to Timisoara on March 14 at Banat Philharmonic, Capitol Hall

INVESTMENTS

Alro Slatina to build EUR 276 million gas plant

Russian company Vimetco, owner of the Alro Slatina aluminum plant, could obtain EUR 207 million of financing from the European Bank for Reconstruction and Development (EBRD) for a gas plant project. In total, t...

DRIVING

Evolution, not revolution

Mercedes has launched the third generation M Klass, one of the best-selling SUVs on the market. The Diplomat - Bucharest tested it

EVENTS

THE ART OF MARTISOR

Art auction house Artmark auctioned off miniature paintings by Romanian masters along with small sculptures to shoppers looking for special gifts for Martisor

APPOINTMENTS

CORNELIU FECIORU has been appointed to general manager of the German brick producer Wienerbergers operations in Romania. He is also now part of the board of Wienerberger Romania. Fecioru has over 15 years exp...

ECONOMICS

What's next for the Bucharest Stock Exchange?

This week the Romanian markets entered into a small correction zone with very low variations on the main indices and low volume. Factors contributing to this were the unknown end of the private sector invol


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Reports

REPORTS

Biased energy contracts fuel market concerns

A lack of standardized contracts and products for bilateral contracts through the official energy market operator platform, the elimination of fees when exporting energy, VAT-free trading for non-resident players and the depoliticization of the energy market are just a few of the issues local energy market traders have put on the debate table.

REPORTS

IT distribution seeks solution

As is the case with many other businesses, the economic crisis has led managers of the largest IT and electronics distribution companies to reconsider their strategies. The biggest companies in the sector outlined to The Diplomat Bucharest the main problems the market is currently facing and described what they have done to survive the difficult economic times.

Features

SECTOR ANALYSIS

City infrastructure builds on numbers

The Diplomat Bucharest scanned the cityscape and tried to identify the main developing projects and their costs

BUSINESS LEADERS

Expansion the logical move for Omnilogic

Although the IT industry has shrunk by 50 percent over the past two years, Gabriel Marin, founder and general manager of Omnilogic, has managed to cushion the decline of his company. Now he intends to extend the business to several countries in Europe and to gain a larger market share in Romania

EDITORIAL

Funds and games

We all rejoiced when Romania joined the European Union. The year was 2007 and we all hoped that our lives would change significantly, obviously for the better, especially in terms of income

 
 
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