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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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Print edition

POLITICS

USL wins parliamentary elections

With the general election results reshaping Romania's parliamentary map, politicians are negotiating new alliances, with the Central Electoral Bureau (BEC) reporting that the Social Liberal Union (USL) had won ...

ECONOMICS

Franklin Templeton reappointed administrator of Fondul Proprietatea

Franklin Templeton was reappointed the sole administrator of Fondul Proprietatea, in a Shareholders Meeting (OGM) . Other resolutions met by the OGM board were the approval of the 2013 budget for Fondul Proprie...

ENERGY

OMV Petrom opens greenfield fuel terminal in Isalnita

OMV Petrom last month cut the ribbon on its third greenfield fuel terminal in Isalnita, Dolj county, following an investment of 26 million Euro. The facility, which was built from scratch, is part of a large in...

INFRASTRUCTURE

EBRD finances Romania's railway operator

The European Bank for Reconstruction and Development (EBRD) has granted a 175 million Euro loan to Romania′s state-owned Railway Company (CFR) to allow the company to pay its current liabilities and to pr...

REAL ESTATE

INVESTMENT

As in the previous years, the most important investment deals were on the office market. In 2012 investment funds bought City Business Centre in Timisoara (acquired by NEPI) and HQ Victoriei from Bucharest (acq...

INVESTMENTS

Pirelli to roll out 105 million Euro investment in Slatina

Italian group Pirelli wants to invest 105 million Euro in its Slatina tire factory in the next five years, 35 million Euro of which will be state aid, according to Agerpres. "I got to see this idea from scratch...

APPOINTMENTS

Liviu Bocsaru

is the new executive financial and administrative director of Grup Renault Romania, replacing Jean-Paul Franco. A graduate in Economic Sciences from the Craiova University, Bocsaru joined the Renault Romania te...

EVENTS

The Green Capital of Romania

The "Green Capital of Romania" Gala saw 13 13 cities nationwide competing for the coveted "Green City" accolade. Oradea is the proud winner of the competition and of the right to bear the title of "Green Capita...

DRIVING

Romania's trendy new people carrier

It′s the end of the year, and having recently celebrated Romania′s National Day in December, I thought I should introduce a car proudly manufactured here. Romania′s new sweetheart people carri...


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Reports

REPORTS

State of play: how secure is the alternative source of financing, state aid?

Many companies are trying to find additional financing sources, in order to extend their businesses on the Romanian market, analysts say. If their own capital isn't sufficient, they will turn to external financing in order to help them proceed. Specialists from law firm Noerr Group Romania say EU funds or bank loans may be hard to get, and recommend state aid as an alternative for investment.

REPORTS

Retail market caught between tough financing conditions for developers and low profit margins for retailers

More than 100 representatives of retailers, developers, real estate agents and consultancy companies, all active in the retail industry, came together at the conference Developing Romania – Reinventing Retail, organized by The Diplomat – Bucharest with law firm Noerr and international shopping center specialist Sonae Sierra, and with the support of the local real estate consultant, Capital Property Advisors, at the end of Novem

Features

DECISION MAKERS

Building bridges, changing perceptions

In the first decade since the fall of communism 23 years ago, an obsessively asked question was, "What have you done in the past five years?" With 2012 marking five years since Romania became a full member of the European Union, Corina Mica asks the Romanian Presidency's Chief of Staff Cristian Diaconescu what the country's main achievements are in the 27-strong block and how its weak points can be tackled

SECTOR ANALYSIS

Obstacles litter the race to deliver liberalisation

According to the famous saying, the postman always rings twice, but on a market faced with a decline in the number of personal letters, imminent liberalisation and several other burning issues, the rules are about to change. At the dawn of the Romanian postal market liberalisation, Diana Mesesan talks to several key players about the future structure of the market and whether there is hope for development

COUNTRY FOCUS

Romania. The final frontier

It's anniversary time, with Romania celebrating its national day at a time when its image is coming into serious question at an international level. This month is also an anniversary landmark for The Diplomat - Bucharest, as the magazine celebrates its ninth year of high-level reporting locally. As Romania's unique form of capitalism turns 23 years old, we take a closer look at the state-of-play of the local economy in the wide

SECTOR ANALYSIS

Hotels work hard on unwelcoming market

Despite a certain degree of saturation, Romania's hospitality market is still on the agenda of significant international players. Alexandra Lopotaru looks into the development strategies of major hotel chains, in a market that still lacks many major brands

 
 
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