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In July we will open a new center in Timisoara where we plan to hire 15-20 engineers ove»
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Sibiu and Timisoara, top priorities for investors in Romania

Sibiu and Timisoara are top priorities for investors who are interested to come to Romania, as revealed by the fifth edition of Cities of Tomorrow conference, organized by the German-Romanian Chamb...

Gas prices liberalization in Romania to start in April
Toyota recalls 2.9 million vehicles globally over airbags issues
Romania to develop economic component of the strategic partnership with US
Debate on digital economy at Cluj Innovation Days 2017
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Print edition

POLITICS

USL takes 41.6 percent of mayoral mandates, PDL on 15.7 percent

The Social Liberal Union (USL) won the most mayoral mandates in the recent election, at 41.6 percent, followed by the PDL on 15.7 percent and the PSD on 11.9 percent, after the 3,181 constituencies returned the...

ECONOMICS

Minister of Finance: Euro will not reach RON 5 this year

The public finance minister, Florin Georgescu, has said that he does not believe the Euro will reach RON 5 this year, given that the national currency has depreciated less than other currencies in the region an...

ENERGY

Hidroelectrica declared insolvent

The Bucharest Court has approved Hidroelectricas request to be declared insolvent

INFRASTRUCTURE

Transylvania highway segment delayed for fourth time

The auction for works on the 24-km A3 segment linking the towns of Gilau and Mihaesti along the Transylvania highway has been postponed for the fourth time in a row, according to an announcement by the National...

REAL ESTATE

NEPI inks partnership with Benevo Capital for new retail park in Rahova

South African fund New Europe Property Investments (NEPI) has marked its exit from the partnership with investment fund Benevo Capital and CD Capital for the Victoria City mall planned to be developed in Bucure...

INVESTMENTS

Inditex expands aggressively on local market

Inditex, the largest player in the local fashion market will end the year with a network of at least 90 stores, 18 more than at the end of 2011 and nearly twice as many as at the end of 2010. Since its entry th...

APPOINTMENTS

ZOLTAN BRASSAI

is the new GM of Ford Romania, appointed after the former GM of the company, Henrik Nenzen, 66, retired. Brassai, 49, moves from operations manager at Ford Romania. Before that, he occupied positions such as br...

CITY LIFE

The Mission presents Nicolas Jaar and others live in concert at Arenele Romane

The Mission this year hosts Nicolas Jaar, Soul Clap, Benoit & Sergio, Voices of Black, Valentin Mir Stip live and Cos Mir

EVENTS

Marking Malta

The Embassy of the Sovereign Military Order of Malta held a reception to celebrate the 80th anniversary since diplomatic relations were established with the Romanian state and to celebrate the patron Saint John...


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Reports

REPORTS

State aid: the clock is ticking

When is the right time for a company to apply for state aid? What is the state aid mechanism? Which industries qualify? Which authority is entrusted with this type of financing? And is state aid both a benefit for the company and an incentive for the state that grants it?

Features

COUNTRY FOCUS

American alliance stays strong through crisis

Relations between Romania and the United States continue to strengthen, even in the difficult economic climate. The Ballistic Missile Defense project and the growing amount of investment confirm this, says Mark Gitenstein, US ambassador to Romania

COUNTRY FOCUS

Swiss find role during tough economic times

Regardless of the ups and downs of the economy, business should be based on an innovative vision and requires entrepreneurial courage, says the ambassador of Switzerland to Romania, HE Jean-Hubert Lebet. In an interview with The Diplomat Bucharest, he outlined the business relationship between the two countries and argued that Romania is full of potential both in the commercial environment and outside it

COUNTRY FOCUS

The French connection

HE Philippe Gustin, ambassador of France to Romania, says his priority here is economic development between the two countries

BUSINESS LEADERS

Cutting a swathe through the market

With energy being a highlight of investors business interest in recent years, the local market is still attracting attention from large firms. Eric Stab, chairman and CEO of GDF SUEZ Energy Romania and president and CEO at GDF SUEZ Energy Eastern Europe, told The Diplomat Bucharest about the companys ongoing projects, which one is on hold and why, and where there is local potential to capitalize upon

EDITORIAL

Tackling a taxing problem

Doubling the penalties for tax evasion this was a measure suggested in an amendment to a law put forward by Senate vice-president, Dan Voiculescu. The amendment was not supported by his colleagues, prompting Voiculescu to resign. So where does Romania stand on tax evasion?

COUNTRY FOCUS

Americans continue to seek piece of local pie

The economic crisis has had a negative impact on all sectors of the Romanian economy, but US investors continue to invest locally and are optimistic about the future

COUNTRY FOCUS

Swiss firms stay watchful over local openings

Ranked among the top 10 foreign investors on the local market, Swiss companies see Romania as a hub of strategic and economic potential for them in the region, due to the size of the local market

COUNTRY FOCUS

French flex savoir- faire during crisis

Although the economic situation in Europe is no picnic, French companies continued to invest in Romania in 2011, hoping that things would improve

SECTOR ANALYSIS

Are telecom operators ready for 4G?

Suffering in the current economic climate, telecom players present on the local market say this years biggest challenge by far is the upcoming auction for 4G licenses. They told The Diplomat Bucharest that one of the most important business drivers is mobile internet, and characterized the Romanian market as challenging, innovative and competitive, especially given the latest trend: Mobile Virtual Network Operators.

COUNTRY FOCUS

Latin links

Despite the economic pressures that sometimes lead countries to shut up shop, Italy and Romania have maintained close diplomatic ties in recent years, with a strong focus on economic aspects

BUSINESS LEADERS

Anghel urges investors to look to capital markets during lean times

On a market where FDI, remittances and the absorption of EU funds seem to have hit the buffers, Romania needs to find alternatives to international loans to finance the economy

EDITORIAL

The winner takes it all?

With elections knocking on Romanias door, the current government coalition has finalized the latest changes made to the electoral system so that MPs will now be elected on a single vote

COUNTRY FOCUS

Italian battalion stays the course

Bilateral trade between Romania and Italy registered a peak in 2011, but this year, with the ongoing economic woes all over Europe, the story may be different

SECTOR ANALYSIS

Airport infrastructure on a wing and prayer

With 16 airports in Romania, of which 12 are ranked as international, the local aviation infrastructure needs investment in modernization and expansion to adapt to wider demand

 
 
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