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If our power plant ran at full capacity, we could fulfil up to ten per cent of Romania's»
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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
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Print edition

POLITICS

Chamber of Deputies president: Euro-Atlantic community should rethink its Eastern neighbourhood strategy

Chamber of Deputies president Valeriu Zgonea, upon a visit paid to Washington in September to attend the Parliamentary Intelligence - Security Forum, considers that the Strategy on the Eastern neighbourhood of ...

ECONOMICS

EIB to grant a 100-million Euro loan to CEC Bank

The European Investment Bank (EIB) granted in early September a loan of 100 million Euro (over 440 million RON) to the Romanian CEC Bank for co-financing projects of SMEs, Mid-Cap and public sector companies in...

ENERGY

EU to grant an 11 million Euro financial support for the Moldavian Energy sector

In early September, the European Union (EU) announced that this year it will provide a financial support of 11.6 million Euro to reform the Moldavian energy sector, and next year another ten million Euro for th...

REAL ESTATE

The construction of Veranda mall of 60 million Euro has started

Prodplast Imobiliare starts the construction works for the Veranda complex in the Bucharest-based Obor area, which will be the first green and proximity mall in Bucharest, the company announced. The investment ...

INFRASTRUCTURE

Greek Octagon has four infrastructure projects in Romania worth over three million Euro

Greek construction firm Octagon Contracting & Engineering announced it is working this year on four new road infrastructure projects totalling over three million Euro in Romania. Alexandros Ignatiadis, co-found...

INVESTMENTS

OMV Petrom invested 600 million Euros in Petrobrazi refinery

OMV Petrom, part of the Austrian OMV Petrom group, has completed the modernization program of its Petrobrazi refinery near Ploiesti, conducted in the period 2010-2014

AGRIBUSINESS

Romania, second ranked in corn production in Europe

For the fifth time in the past decade Romania holds second place in the overall production of corn in the European Union (EU), only behind France, with local farmers gathering on average 4.4 tonnes per hectare ...

GREEN

ELSYS waste application to be presented in Budapest

Attila Korodi, Ministry delegate of Environment and Climate Change, presented at the bilateral meeting on environmental issues and rural development in Budapest the Romanian ELSYS electronic system that facilit...


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Reports

REPORTS

Less is sweeter, or is it?

After a record wine production in 2013, this year, less lucky in terms of weather, will bring up to 15 per cent less wine on the shelves and tables. We don't know if in the wine case, the saying that "good things come in small packages" is also true. That is why The Diplomat-Bucharest asked several of some major wine producers in Romania to tell us more about the impact, production, estimations and strategies

Features

COUNTRY FOCUS

Austria trusts Romania and seeks strong ties

Before ending his four-year mission in Romania in mid-September, Michael Schwarzinger, the Austrian Ambassador to Bucharest when the interview was conducted, discussed with The Diplomat's Alexandra Lopotaru the status of the second-largest foreign investor on the local market, with 11 billion Euro of injected capital, and stressed the links that tightened the two countries over the years

SECTOR ANALYSIS

Romania's nuclear bridge to the 2030s

COUNTRY FOCUS

Sino-Romanian business: re-Orienting?

This year, it appears that China moved closer to Romania; not that the geography has changed in the meantime, but due to seemingly more frequent signs of business which connects the two countries. The Diplomat-Bucharest mapped the main local economy fields where Chinese investors showed interest or have even already invested, and sought to find out if business is spelled the same in both markets

COUNTRY FOCUS

Sprechen Sie Business

With a long-established economic tradition on the Romanian market and 11 per cent share within the overall local FDI, German investors set a benchmark in local economy, box-checking each strategic economic field, in terms of direct investments in Romania

COUNTRY FOCUS

The German Konfidence

Romania is still very attractive for German companies and is perceived as a good business location, and if asked, the majority of companies would invest in Romania again. The statement is both a commitment as well as an invitation for the local environment's stakeholders not only to keep but to deliver those improvements awaited for so long by foreign investors. The Diplomat-Bucharest talked with the German Diplomatic staff.

COUNTRY FOCUS

The Austrian - Romanian link. How strong is it?

In mid-September, The Diplomat-Bucharest and Austrian Business Club organized the "Focus on Austrian commitment to Romania" conference to highlight the economic bonds that tighten both countries

SECTOR ANALYSIS

Lower energy consumption should be seen with caution, but has a silver lining

The drop in electricity and gas consumption has sparked heated debates during the "Energy Consumption Decline-Threat or Opportunity?" conference, organised by The Diplomat-Bucharest under the auspices of the National Energy Regulatory Authority (ANRE) in late September.

 
 
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Most read articles
» Schneider Electric signs deal with Ves...
» Austria trusts Romania and seeks stron...
» Romania's nuclear bridge to the 2030s
» The Austrian - Romanian link. How stro...
» Sprechen Sie Business
» Chamber of Deputies president: Euro-At...
» Lower energy consumption should be see...
» Sino-Romanian business: re-Orienting?
» EU to grant an 11 million Euro financi...
» The German Konfidence