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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

POLITICS

CSAT to approve Romanian air defence program

Romania's Supreme National Defence Council (CSAT) has adopted a series to measures to improve the country's deficient national defence capabilities.

ECONOMICS

KPMG Romania and Tuca Zbarcea help deliver Romanian Post privatisation

The Ministry of IT & Communication has selected KPMG Romania and Tuca Zbarcea and Associates to consult on the privatisation of the Romanian Post. The contract is to run until the end of this year, as per the t...

ENERGY

Biomass cogeneration plant developed in Cluj

Romanian-owned Romita Green Energy will build what is said to be one of largest cogeneration plants based on biomass both in Romania and South-East Europe. Located in Rascruci, Cluj county, the new plant will s...

INFRASTRUCTURE

CFR Marfa due to go private

Plans to sell CFR Marfa in a public auction, privatising Romania's most important rail freight operator have been put on hold, lacking the approval of the Supreme Council of National Defense (CSAT). The privati...

REAL ESTATE

Bucharest offices score high on European office market

Bucharest is among the European capitals where rents for office space increased in the first half of the year. DTZ's recent study, Office Review Europe H1 2012, found that rents for office space in European eme...

APPOINTMENTS

Cristian Ionescu

38, is now Managing Partner of Expense Reduction Analysts, after nine years of activity at Coface, where he served as Country Cluster Manager for Romania, Bulgaria and Slovakia. Ionescu is a founder and prime v...

ECONOMICS

A comprehensive defensive driving program created by ALD Automotive in partnership with Titi Aur

Driving a car often seems a simple gesture which we are used to and which we might even consider inoffensive because of the daily driving routine. We sometimes might forget our responsibility for the passengers...

INVESTMENTS

Italians bake EUR 50 million investment in Cluj

Parma-based pastry company Battistero plans to put EUR 50 million into building its first panettone plant in Romania, in the Tetarom III industrial park, in Cluj county. The investment will cover production for...

EVENTS

Olympic Success

The Romanians participating at the London 2012 Paralympic Games have returned to Henri Coanda airport where they where met by Government officials and representatives from Olympus Dairy Industry, the official p...

DRIVING

BMW 6 Series shows Gran ambition

So, the last of Germany's three car kings joins the club of adding two more doors in the coupe segment. Typical fashion victims, cars are being reinvented in classes and breeds never seen before. SUVs shaped li...


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Reports

REPORTS

EC keeps Romania under close surveillance

President Traian Basescu last month met the President of the European Commission, Jose Manuel Barroso, the European Commissioner of Justice, Viviane Reding, and President of European Council, Herman Van Rompyui, on an official visit to Brussels, to discuss Romania's current issues. The discussions were held behind closed doors, but President Basescu made a statement after the meeting. By Alexandra Lopotaru

REPORTS

Vidra-Obarsia Lotrului, set to become one of the largest ski slopes in Romania

More than 100 workers are currently labouring 12 hours a day to build one of the largest ski slopes in Romania, in the Parang Mountains, Valcea county. Worth EUR 34 million, the ski slope is located 40 kilometres from Voineasa, and is scheduled to become operational by end-2013.

REPORTS

Private label wines pour forth in sour economic times

Romanian private label wines have grown stronger in recent years, thanks to both foreign investment and family businesses that have been developed. The Diplomat - Bucharest spoke to the largest producers in this field and heard their stories and their future plans By Roxana Cristea

Features

BUSINESS LEADERS

Smartly efficient

From sustainable development projects to infrastructure works and energy efficiency, Siemens remains committed to Romania. Corina Mica talks to newly-appointed CEO George Costache about the ups and downs of the country's economic life

SECTOR ANALYSIS

Retailers redouble expansion efforts

In spite of the drop in consumption over the last three years, retailers have been active in the development process, buying new land and opening new retail schemes. The change came this year, when the National Statistics Institute announced a consumption increase of four per cent in the first six months of 2012, after three years of decreases. The Diplomat - Bucharest takes a look at what is happening on the market, who are the

SECTOR ANALYSIS

Late payments are bitter pill for medical system

Parallel exports, the claw-back tax and the late payment directive are the three biggest problems that the Romanian drugs sector is currently facing. Players say the market is ill, and The Diplomat - Bucharest asked drugs producers and authorities what remedies they suggest By Roxana Cristea

COUNTRY FOCUS

Moving up the value chain

Germany tops the charts in bilateral trade in Romania, but interest has not diminished. Corina Mica asks German Ambassador Andreas von Mettenheim what is left to capitalise on

 
 
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