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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

INFRASTRUCTURE

Low-cost airlines count costs of Otopeni move

The first consequences of low-cost airlines enforced move to Henri Coanda International Airport (Otopeni) on March 25 have started to appear

POLITICS

PM Ungureanu asks Parliament to take over anti-corruption strategy

Romanias PM Mihai Razvan Ungureanu plans to give Parliament responsibility for the National Anti-corruption Strategy 2012-2015

ECONOMICS

INS: Investments in economy up 9.2 percent last year on 2010

Investments in the local economy increased by 9.2 percent last year, compared to 2010, to RON 64.529 billion in current prices (EUR 15.22 billion), after an advance of 22.1 percent in the fourth quarter versus ...

ENERGY

Basescu: Black Sea gas field could give Romania energy independence

The newly discovered gas reservoir in the Black Sea is expected to begin operating in 2015-2017, making Romania energy independent, according to President Traian Basescu

REAL ESTATE

Brailas Armonia mall up for auction, while Bucharests Liberty Center sheds tenants

Bankrupt commercial center Armonia in Braila, developed by Red Project Three, part of Red Group, has been put up for auction this month, for EUR 25.03 million

APPOINTMENTS

GEORGE MUSCOIU has been appointed regional manager of Medlife, taking over the management responsibilities for all the companys units in Brasov and Sfantu Gheorghe. Muscoiu has a management background of 11 ...

CITY LIFE

Theatres des Vampires swoop into Wings Club

Italian gothic metal group Theatres des Vampires will follow their full-moon gig of March 2011 with another performance in Bucharests Wings Club on April 19

INVESTMENTS

Inditex to invest EUR 2.5 million in new Zara shop in Sibiu

Spanish group Inditex will invest EUR 2.5 mln in opening a new Zara shop in the center of Sibiu

DRIVING

The purist is back

With the launch of the new 911, Porsche shows how an almost perfect sports car can be improved

EVENTS

Uncorking new wines

Lacerta Winery launched seven new premium wines: Black Feteasca Lacerta 2010, Lacerta Merlot 2010, Lacerta Blaufraenkisch 2010, Lacerta Pinot Noir 2010, Sauvignon Blanc Reserva 2010 Lacerta, Chardonnay Reserva ...


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Reports

REPORTS

Market offers thanks as privatization saga finally bears fruit

After several years during which the privatization of energy companies through the stock exchange was only a fairytale, the completed underwriting of a 15 percent stake in Transelectrica has alleviated the worries of the authorities, intermediaries and investors as to its success. It has also boosted the Romanian authorities expectations for this years Romgaz, Transgaz, Hidroelectrica, Nuclearelectrica and OMV Petrom listings

REPORTS

State aid: handout or hand up?

State aid has long been a contentious issue, especially as Romania joined the EU, where its companies are expected to compete with firms from more advanced economies. While too much state aid risks distorting fair competition, too little can leave deprived regions and sectors languishing or lead to bankruptcies and mass layoffs. Legal and corporate specialists and state officials outlined to The Diplomat Bucharest the main aspect

Features

COUNTRY FOCUS

Dutch flag still flying on local market despite dire straits

Like other Europeans, Dutch investors are fighting to cope with the widespread economic challenges as they seek solutions to keep and increase the businesses they own on the local market

SECTOR ANALYSIS

Field of dreams: agricultural sector cultivates hopes

Romanian agriculture must sow the seeds of change to reach European Union levels. But while the country has no irrigation system, little storage space, a productivity level that is half the EU average, and just a fraction of European funds have been absorbed, market players see some green shoots

BUSINESS LEADERS

Power player takes pulse of energy market

With investment plans that reach EUR 750 million over the next five years, Luca DAgnese, country manager of Enel in Romania, talks to The Diplomat Bucharest about the main challenges on the local market, his firms targets and the issue of market liberalization

EDITORIAL

Better the devil you know?

The elections are fast approaching and it seems like we are entering deeper and deeper into what is officially called the electoral campaign

COUNTRY FOCUS

Dutch investments clog horizon despite crisis

From building ships to filling glasses with beer, Dutch investors are active locally with more than 4,000 companies registered in Romania, and their presence extends to a myriad of economic sectors

 
 
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