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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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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...


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...


Hidroelectrica declared insolvent

The Bucharest Court has approved Hidroelectricas request to be declared insolvent


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...


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...


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...



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...


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


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...



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?



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


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


The French connection

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


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


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?


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


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


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

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