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Janez Potocnik, the European Commisioner for the Environment
Romania needs to invest heavily in recycling in the coming years to reach the 50 percent»
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Enel to invest 329 million Euro in Romania in 2017-2018

Enel has planned investments for a total of 329 million Euro for the current regulatory cycle ending in 2018, of which of over 151 million Euro are due for 2017 and 178 million Euro for 2018.

Commissioner Cretu underscores need for monitoring implementation of major projects in Romania
Uber to launch carpool service in Romania by 2020
BMW Group explores Romanian IT industry opportunities
Illegal logging in Romania reduces in 2016
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POLITICS

Traian Basescu wants Schengen accession by October

Following a recent meeting in Brussels with European Council President Hermann von Rompuy, Romanian President Traian Basescu said that he had informed the European official of Romania's objective to join Scheng...

ECONOMICS

Consumers subsidize green energy production by extra 34 percent

Energy consumers paid EUR 415.8 million last year to support renewable energy through the green certificate system, up 33.7 percent on the EUR 310.8 million in 2012, despite the price per certificate decreasing...

ENERGY

Romania and Turkey to strengthen energy cooperation

Minister Delegate for Energy, Constantin Nita, met with Turkey’s Minister of Energy and Natural Resources, Taner Yildiz, in late January

REAL ESTATE

DTZ takes over property management of Cocor store in Bucharest

DTZ Echinox has been assigned to take over the property management operations of the Cocor store in Bucharest . The consultant’s mission is to attract new tenants to the outlet, which covers 11,200 sqm and ha...

INFRASTRUCTURE

PM: Bucharest-Comarnic highway to be ready in 2017

The long-awaited and disputed highway linking Bucharest to Comarnic is expected to be completed in 2017, the Premier Victor Ponta said during a press meeting earlier this month

AGRIBUSINESS

Agriculture generated record EUR 18.5 billion for economy last year

Agriculture, a sector which annually contributes 6-7 percent of GDP, generated EUR 18.5 billion for Romania's economy last year, the best result in history, up 28 percent on 2012, according to preliminary Euros...

INVESTMENTS

Sebes gets EUR 40 million production hall

Star Transmission, owned by the German-based multinational automotive corporation Daimler, has opened a gearbox with double clutch assembly unit for Mercedes-Benz passenger cars in Sebes, Alba County, according...

EVENTS

Three years

Franklin Templeton Investment Management Limited Bucharest Branch, in its capacity of Sole Director and Fund Manager of Fondul Proprietatea, celebrated three years since the fund’s listing on the Bucharest St...

GREEN

EC Environment Commissioner: ‘Proper waste management could create 30,000 local jobs’

Thousands of jobs could be created if Romania implements existing waste management legislation to the full, Janez Potocnik, the European Commissioner for the Environment, told The Diplomat-Bucharest in mid-Janu...


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Reports

REPORTS

Taxation and renewables come under close scrutiny

The amendments to the Law on promotion of electricity from RFS, which postponed the payment of some green certificates for hydro, solar and wind farms, generated instability in the renewable market. In order to reconcile the initial support offered to investors with Romania's real capacity to pay, the authorities may come up with a correction mechanism in the form of taxation. The Diplomat-Bucharest analyzed how the existing tax r

REPORTS

The painful cycle of change

Just like last year, 2014 has started twitchily for renewable energy and, what's worse, pundits do not anticipate too much good news going forward. At exactly this time last year, renewable energy companies were impatiently waiting for the changes in the legislation governing the support scheme for green energy to be announced

REPORTS

The Green Wave

Green is the new black and this color-oriented objective is more and more evident in developers' approach to their projects in Romania, following the trend on more mature markets. Specialists in sustainability certification outline the difference between a "green" and a "certified" building and the need to follow the trend not as a fad but as a responsibility

Features

DECISION MAKERS

Biodiversity and sustainable development go hand in hand

Anne Juganaru, Secretary of State within the Ministry of Environment and Climate Change, tells The Diplomat-Bucharest how important it is to protect Romania's biodiversity and how can it be correlated to the sustainable development of the country

SECTOR ANALYSIS

Romania's recycling timetable: what, when, how

Although Romania has made some progress in improving its waste management over the past few years, the overall picture still includes very low recycling rates and heavy reliance on landfill. Janez Potocnik, the European Commissioner for the Environment, and major local players talked green business with The Diplomat-Bucharest

COUNTRY FOCUS

Austria's footprints on the local market

Diplomatic ties between Romania and the Republic of Austria are pretty tight, given the fact that Austria is Romania's second biggest foreign investor, with EUR 1.25 billion injected on the local market last year, bringing its overall invested capital to almost EUR 11 billion

SECTOR ANALYSIS

Talent, the engine of entrepreneurship

Starting out as an entrepreneur takes guts, instinct, stubbornness, good social skills, a certain madness, intelligence and, not least, talent, say those who have been there

BUSINESS LEADERS

Electric dreams: CEO aims to take Nuclearelectrica to next level

Marking a milestone in Nuclearelectrica's management history, Daniela Lulache, the first woman to take the helm of the company, plans to upgrade Romania's best at industry level and make it one of the most modern and top-performing companies in the country

SECTOR ANALYSIS

Lower tariffs stir high passions on telecom market

It is commonly believed that the heat wanes at the end of August and a time of soothing temperatures sets in. This may be true in general, but not this year, and especially not for the telecom sector

BUSINESS LEADERS

Mariana Gheorghe, OMV Petrom: 'More than 80 percent of our future investments will go into exploration and production'

With investments amounting to more than EUR 9 billion on the local market between 2005 and 2012, OMV Petrom, the largest oil and gas group in South Eastern Europe, plans to keep up the pace of business by investing between EUR 800 million and EUR 1.2 billion per year in the next two to three years.

SECTOR ANALYSIS

Checking out the hotel market
'How may I help you?'

Whilst the beginning of 2013 did not see much activity for the hospitality business, hotel operators saw an improvement this fall and managed to increase both their occupancy rate and leisure business. The Diplomat Bucharest talked to key industry players to find out what caused the growth and what else is shaping the current hotel industry

SECTOR ANALYSIS

Three into one goes on energy market

The most important events in the Romanian energy sector in 2013 can be divided into the good and the bad

 
 
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Most read articles
» Romania's recycling timetable: what, w...
» Taxation and renewables come under clo...
» The painful cycle of change
» Biodiversity and sustainable developme...
» The Green Wave
» EU Report: In Romania, both petty and ...
» Traian Basescu wants Schengen accessio...
» EC Environment Commissioner: ‘Proper...
» Romania and Turkey to strengthen energ...
» Consumers subsidize green energy produ...