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POLITICS

Kovesi on draft amendment of Criminal Code: Guised decriminalization of abuse of office

Chief Prosecutor of the National Anti-Corruption Directorate (DNA) Laura Codruta Kovesi said on Wednesday that the draft emergency ordinance amending the Criminal Code and the Criminal Procedure...

POLITICS

Iohannis: Justice independence seriously breached; we must take attitude; first step - CCR notification

Justice independence has been seriously breached by the Government by adopting the Government Emergency Ordinance (GEO) for the modification of the criminal codes, President Klaus Iohannis said,...

POLITICS

Justice minister: GEO drafts on criminal legislation will be in accordance with observations and consultation

The draft emergency ordinances regarding pardon and the amendments of the Criminal Code and the Criminal Procedure Code will be in accordance with the observations and the public consultations, ...

POLITICS

Minister of Justice: Bill amending Criminal codes put up for public debate

Minister of Justice Florin Iordache announced that the bill amending the Criminal codes will be put up for debate on Monday for a 30-day period, and that it will also include the articles that h...

POLITICS

Iohannis at Government meeting: I discussed with the PM; I am pleased with how you do your job

President Klaus Iohannis said on Wednesday he had, before the Government meeting, a "very applied" discussion with Prime Minister Sorin Grindeanu, and the head of state told the Government membe...

POLITICS

Iohannis: Budget approach lacks needed responsibility in security context

President Klaus Iohannis sent a letter to Prime Minister Sorin Grindeanu drawing the attention that the approach on the budget construction doesn't prove the responsibility that the political an...

POLITICS

President Iohannis wants to address Parliament on 7 February

President Klaus Iohannis sent a letter to the Heads of the two Chambers of the Legislature, in which he reveals that he wants to address Parliament on 7 February, in respect to the amendments ma...

POLITICS

Dragnea: There is no risk of PSD getting destabilized

Leader of the Social Democratic Party (PSD) Liviu Dragnea told a private broadcaster on Sunday that there is no risk of his party getting destabilised as he and the incumbent party leadership ha...

POLITICS

Iohannis: Enough arguments for Government to withdraw pardon and criminal codes amendment drafts

President Klaus Iohannis maintains that there are enough arguments to determine the Government to withdraw the drafts referring to pardon and the amendment of the criminal codes, mentioning that...

POLITICS

Iohannis: PSD's first concern to deal with criminals' files

President Klaus Iohannis told the Parliament plenary session on Tuesday that the ruling party, PSD (Social Democratic Party), after winning general election, has had a "suicidal strategy", its f...

POLITICS

EU seals trade deal with Canada

The European Parliament voted in favour of the Comprehensive Economic and Trade Agreement (CETA) between the EU and Canada, concluding the ratification process of this deal at the EU level, a pr...

POLITICS

EU disaster response mechanism found effective and well-coordinated

The European Court of Auditors released a report on the EU Civil protection mechanism - managed by the European Commission - pointing to its successful deployment in response to recent natural d...

POLITICS

Justice Ministry gives up draft law sent to CSM

The Justice Ministry (MJ) gives up the draft law on modifying and adding the normative acts concerning the Criminal Codes, already forwarded to the Superior Council of Magistrates (CSM), as it w...

POLITICS

President Iohannis: Romania's foreign and security policy will remain on same essential coordinates

Romania's foreign and security policy will remain on the same essential coordinates as until now, in the context in which our country must keep its regional position of stability and predictabil...

POLITICS

Ciolos: Progress in anti-corruption fight can no longer be wiped off through ordinances dedicated to politicians

The progress made in the fight against corruption can no longer be wiped out surreptitiously through emergency ordinances "dedicated to a handful of politicians," former Prime Minister Dacian Ci...

POLITICS

Dragnea (PSD): Pressure for myself to be framed up

"Various guys" are pressured to write denunciations with no real foundation against me, Social Democratic Party (PSD) leader Liviu Dragnea said on Tuesday night, adding that next week he will ma...

POLITICS

PM Grindeanu wishes for 2019 with no CVM for Romania

Premier Sorin Grindeanu stated, on Thursday, at the headquarters of the European Commission, that he wishes in 2019 the Cooperation and Verification Mechanism (CVM) for Romania to be lifted, acc...

POLITICS

European Commission: The fight against corruption in Romania needs to be advanced, not undone

A joint statement of president Juncker and first vice-president Timmermans from the European Commission, on the fight against corruption in Romania, shows that "the fight against corruption need...

POLITICS

Iohannis: I request Government to abandon demarches on pardon and amendment of Criminal Codes

President Klaus Iohannis requests the Government to "abandon" the demarches regarding pardon and the amendment of the Criminal Code, Criminal Procedure Code, underlining that "the people's voice...

POLITICS

Basescu: Iohannis plays faultlessly to put PSD against the wall

The head of the state, Klaus Iohannis "played faultlessly" politically to bring the Social Democratic Party (PSD, at rule) in a difficult situation, said the former president, Traian Basescu on ...

POLITICS

PM Grindeanu says he does not share President's concern regarding 2017 budget

Prime Minister Sorin Grindeanu stated on Tuesday that he doesn't share the concern that President Klaus Iohannis expressed regarding the budget for 2017, according to Agerpres.

POLITICS

OUG draft: Full pardon for sentences up to five years of prison

The emergency ordinance (OUG) draft on pardoning some sentences, which the Ministry of Justice released for public debate on Wednesday, stipulates that the sentences up to five years of prison i...

POLITICS

PM Grindeanu: We support our views on 2017 budget

The Government will support its views in respect to the 2017 budget draft in the Supreme Council for National Defence (CSAT) meeting on Tuesday, Prime Minister Sorin Grindeanu said, according to...

POLITICS

Dragnea: Nobody in Romania stands to gain from protest escalation

Calm and stability are what is most important to Romania, leader of the Social Democratic Party Liviu Dragnea said on Sunday night, adding that nobody in the country stands to gain from the esca...

POLITICS

Iohannis: 2017 budget is a problematic and risky one

President Klaus Iohannis said that the budget draft for 2017 is a problematic and risky one, pointing that there is the real risk for the deficit of three percent to be exceeded, according to Ag...

POLITICS

Antonio Tajani elected new president of the European Parliament

Antonio Tajani (Italy) won Parliament's presidential election with 351 votes in a final face-off with Gianni Pittella (Italy), who secured 282 votes.

POLITICS

MEP Negrescu to Farage: Romania does not take lessons in fairness from man investigated for corruption

Member of the European Parliament Victor Negrescu conveyed in an open letter addressed to Nigel Farage, that the former leader of the UK Independence Party (UKIP) should not talk about corruptio...

ECONOMICS

2017 budget draft based on 5.2 per cent economic growth

The 2017 budget draft is based on a 5.2 per cent economic growth estimated for this year and above 5 percent over the entire 2018-2020-time frame, the (cash) budget deficit being forecast at 2.9...

ECONOMICS

Parliament adopts 2017 budget draft

Parliament on Tuesday adopted the draft laws on the state budget and the social insurance budget for 2017.

ECONOMICS

Fiat Chrysler says diesel vehicles fully compliant

Fiat Chrysler reiterated its diesel vehicles were fully compliant with applicable emissions requirements, a spokesman said on Tuesday after the French authorities referred the carmaker's case fo...

ECONOMICS

Banca Transilvania's net profit reached 1.2 billion RON last year

Banca Transilvania's net profit amounts to 1.2 billion RON (274 million Euro) at the end of 2016, from 2.4 billion RON (537 million Euro) in 2015, one year after the merger with Volksbank Romani...

ECONOMICS

ECB never tries to manipulate euro rate, says French finance minister

The European Central Bank never tries to manipulate the euro exchange rate for trade or competitive policy reasons, French Finance Minister Michel Sapin said in an interview published on Monday,...

ECONOMICS

Central bank revises downwards 2017 year-end inflation forecast

The National Bank of Romania (BNR) has revised downwards by 0.4 percentage points its inflation forecast for end-2017, which is now projected at 1.7 percent, BNR governor Mugur Isarescu told a p...

ECONOMICS

BNR: 6,400 debt discharge notifications at 2016 end

The number of debt discharge notifications reached 6,400 at the end of 2016 and the volume of notified loans stands at 1.8 - 1.9 billion RON (400 million Euro), deputy director of the Financial ...

ECONOMICS

Innovation and digitisation are key to Europe's future competitiveness, industrialists say

Industry remains the backbone of the European economy, contributing more than 30 per cent of GDP growth and more than 80 per cent of private R&D spending, a report published by the European Roun...

ECONOMICS

Minimum wage in Romania doubles compared to 2008, says Eurostat

Bulgaria and Romania had on 1 January 2017 the lowest minimum wages in the European Union (EU), namely 235 Euro and 275 Euro per month respectively, the data published by the European Statistics...

ECONOMICS

AmCham: Increased budget revenues collection and high investments are essential for generating growth

In the context of the public debates around the State Budget project for 2017, AmCham Romania reiterates the importance of a balanced budgetary projection, focused on economic growth and investm...

ENERGY

Energy Performance Contracting for public buildings

The Romanian Association for Promoting Energy Efficiency (ARPEE), established in 2012, has as overall scope the mobilization of its members’ resources and competences to actively participate i...

ENERGY

Repeated increases of the electricity prices affect distribution operators and last resort suppliers, says ACUE

The Federation of Associations of Energy Utility Companies (ACUE) appreciates and supports the initiative of the competent authorities to analyse the current situation of the centralized energy ...

ENERGY

Net profit of Nuclearelectrica decreased by 27 per cent last year, to 108 million RON

The net profit registered in 2016 by Societatea Nationala Nuclearelectrica (SNN) is of 108 million RON (24 million Euro) decreasing with 27 per cent compared to 2015, mainly due to the impact of...

ENERGY

Mol Group expands its exploration portfolio with new licenses in Hungary and Norway

Mol Group expanded its exploration portfolio by acquiring new licenses in Hungary and Norway, the company announced on the Budapest Stock Exchange.

ENERGY

Mol Romania opens a new gas station in Craiova

Mol Romania inaugurated the seventh gas station in Dolj County, following a one million Euro investment, a press release shows. The new station is located in Carcea commune, on the road that con...

ENERGY

Romania cannot ensure energy consumption from internal production on Monday morning

National production of energy cannot cover anymore the country's consumption on Monday morning, so that Romania must import more energy, according to the data posted in real time on the website ...

ENERGY

Ninety-seven percent of household waste ends up in landfills, says ARBIO

As many as 97 percentage of Romania's household waste ends up in landfills, and Romania could be fined starting in 2020 about 500,000 Euro per day if it fails to bring the numbers to below 50 pe...

ENERGY

Energy regulator: Gas prices might grow up by ten per cent on 1 April

Natural gas prices might increase by up to 10 per cent starting with 1 April, after liberalising the domestic market's gas prices, Chairman of the National Energy Regulation Authority (ANRE) Nic...

INVESTMENTS

SAP to invest two billion Euro for companies and public institutions to adopt IoT technologies

SAP, business software solutions provider, recently announced total investments of two billion Euro, in the next five years, to provide support for companies and public institutions who want to ...

INVESTMENTS

New Kopel Group to invest 20 million Euro this year in all divisions

Operational leasing company New Kopel Group plans to make 20 million Euro investments this year in all divisions and to buy 1,500 new cars in 2017, the company announced.

INVESTMENTS

Profi opens seven new stores

Profi opens seven more stores in Romania, reaching a total of 511 units at the end of January, a press release shows.

INVESTMENTS

Alpin 57 Lux owners receive over 200 million Euro from Asian investors

Food Union Group, an international group of dairy and ice cream producing companies, and the owner of Romania's ice cream manufacturer Alpin 57 Lux, has received a combined 214 million Euro inve...

INVESTMENTS

Profi opens its first stores this year

Profi opens its first three stores in 2017, reaching a total of 504 units in Romania, a press release shows.

APPOINTMENTS

Immofinanz appoints Gerard Gruell to lead the retail portfolio in Europe

Gerald Gruell has been appointed head of asset management retail Europe at Immofinanz, a press release shows. In this position, he will be responsible for Immofinanz's retail portfolio in Europe...

APPOINTMENTS

ALD Automotive Romania appoints Daniela Davidescu as operations director

Daniela Davidescu, former director of the Contact Center within BRD, the Romanian subsidiary of Societe Generale group, was appointed Operations director at ALD Automotive Romania, starting Janu...

REAL ESTATE

JLL appoints new head of Industrial for Romania

JLL has announced that Costin Banica, business developer Industrial Agency, has been appointed to the role of Head of Industrial for Romania, effective 17 February 2017.

REAL ESTATE

Three office buildings to be developed by Iulius in Timisoara

This spring, the Iulius company will start the construction works for three new class A office buildings within the Openville Timisoara mixed-use project, located near Iulius Mall, a press relea...

REAL ESTATE

Colliers: Land market dominated by demand for residential and mixed projects

Romanian land market in 2016 was characterized by an increased demand from the residential and retail projects, according to a report by Colliers International. Interest in these sectors will be...

REAL ESTATE

Dentons advises CPI Property Group on CEE retail portfolio acquisition

Dentons advised CPI Property Group on the acquisition of a portfolio of 11 retail properties from CBRE Global Investors, including six major regional shopping centres, in Romania, the Czech Repu...

REAL ESTATE

Number of employees in Bucharest office market to reach 260,000 this year, says DTZ

The number of employees working in A and B office buildings in Bucharest reached 233,000 at the end of 2016, 30,000 more than in 2015, recording the highest level in past three years, according ...

REAL ESTATE

Immofinanz launches its myhive office concept in Romania

Immofinanz, one of the most important real estate investors in Romania, introduces its office brand myhive to the local market, to be implemented in five of its class A office buildings in Bucha...

REAL ESTATE

Palace Estate brokered deals valued at 10 million Euro last year

Real estate brokerage and consultancy company Palace Estate brokered real estate deals valued at 10 million Euro in 2016, a press release shows.

REAL ESTATE

Office transactions outside Bucharest increased by 53 per cent last year, says ESOP

Office space transactions outside Bucharest have increased by 53 per cent last year, reaching a total volume of 71,560 sqm, according to a report released by ESOP Consulting.

REAL ESTATE

JLL appoints Alina Cojocaru as head of valuation department

Alina Cojocaru was appointed head of valuation department at JLL Romania, starting February 15, a press release shows. She will be responsible for the extension of JLL valuation portfolio by pro...

REAL ESTATE

Modern retail stock in Bucharest reached 1.2 million sqm, says DTZ

The modern retail stock in Bucharest reached 1.2 million sqm at the end of 2016 and consists especially in shopping centres (56 per cent) and retail parks (33 per cent), while commercial galleri...

REAL ESTATE

Forte Partners to start second phase of The Bridge office project

Local real estate developer Forte Partners will start building the second phase of The Bridge office project this year, according to Geo Margescu, managing partner of the company.

REAL ESTATE

Industrial spaces demand has reached historic high in 2016, says JLL

Demand of industrial and logistics spaces grew last year by 50 per cent to over 460,000 square meters, recording the highest level in the history of the Romanian market, according to JLL Romania...

REAL ESTATE

Modern retail stock outside Bucharest reached 2.3 million sqm, says DTZ

At the end of 2016, the modern retail stock outside Bucharest reached 2.3 million sqm. Shopping centres account for about 60 per cent, while retail parks and commercial galleries represent 34 pe...

REAL ESTATE

Colliers: Industrial and logistic stock to increase by 500,000 sqm this year

Industrial and logistic stock will increase by about 500,000 sqm this year, continuing the upward trend of 2016, according to Colliers International. About 80 per cent of new deliveries are expe...

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Read in the Print Edition
Sneak peek into energy's future

In the light of the new National Strategy currently being debated, where Romania faces new challenges regarding the energy market, The Diplomat - Bucharest organized in late November the "Investments for ensuri...

Romania, Czech investors' reliable partner

Romania is not inch-perfect, but it still counts as a good destination on the foreign investor's map, as confirmed by the Czech community present at the second edition of the roundtable "Czech Investments in Ro...