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Net investment in national economy, down 3.3 per cent in 2016

Net investment carried out last year in Romania's national economy stood at 70.281 billion RON (15.6 billion Euro, declining 3.3 per cent from 2015, according to data released by the National In...

Alesonor to invest 12 million Euro in expansion of Amber Gardens and two new projects in Bucharest

Alesonor, the developer of the green residential project Amber Gardens, will invest 12 million Euro this year to add 21 houses in the complex and to develop two new energy efficient residential ...

Sonaca to make Airbus parts in Romania following 11.5 million Euro investment

Belgian aerospace company Sonaca has opened in western Romania county Cluj a new plant that will manufacture parts for Airbus A320 aircraft, following a 52 million RON (11.5 million Euro) inves...

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.

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.

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.

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 ...

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...

CTP to invest 250 million Euro in Romania so far

CTP, one of the largest investors and developers of logistics projects in Romania, has invested 250 million Euro on the local market so far, according to a press release issued to The Diplomat â...

Daimler to invest 13 million Euro in a new factory in Alba county

Star Transmission, the branch of the German group Daimler in Romania, continues its development strategy on the local market and opened in mid-August a new production facility in Cugir, Alba cou...

Agricola invests five million Euro in a new salami factory

In late September, Agricola Bacau, one of the leading manufacturers of Sibiu salami and chicken meat, announced the investment of five million Euro in a new production plant for raw-dried salami...

New cancer diagnostic technologies available for Romanian patients

Affidea Center in Fundeni Clinical Institute becomes a Center of Excellence in Oncology and a Reference Center for GE Healthcare in Europe following Affidea's investment of 5 million Euro during...

Faurecia inaugurates a 12-million Euro plant in Valcea county

In mid-September, Faurecia, one of the world’s leading automotive equipment suppliers, inaugurated in Ramnicu Valcea, Valcea county, a 12-million Euro plant for automotive seat covers, in the ...

Telekom Romania offers funding to finance winning projects within its CSR programme

More than 100 educational, health, environment, social development, social protection and innovation projects were submitted in Teimplici.ro programme. At its third edition, the program invited ...

More on News
Iohannis: I explained to EU leaders multi-speed Europe is not a good solution, could end in split-up

President Klaus Iohannis, speaking after the European Council's meeting, said that he explained to EU leaders that a multi-speed Europe is not a good solution and that in extremis it might end i...

BRUA pipeline to operate in 2020 when Exxon, Petrom will extract Black Sea gas

The works at the BRUA (Bulgaria - Romania - Hungary - Austria) pipeline will start at the end of 2017, and the gas pipeline will become operational in 2020, when ExxonMobil and OMV Petrom will c...

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

As much as 97 per cent 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 per ...

Net investment in national economy, down 3.3 per cent in 2016

Net investment carried out last year in Romania's national economy stood at 70.281 billion RON (15.6 billion Euro, declining 3.3 per cent from 2015, according to data released by the National In...

Romania has significant potential in agriculture, but low productivity, says PwC Romania

Romania is one of the European countries with the highest potential in agriculture with the sixth biggest agricultural use area in the EU, but it has a low productivity due to several factors, a...

Commercial property investments in Romania exceeded 850 million Euro last year, says DTZ

In 2016, the total volume invested in commercial property in Romania exceeded 850 million Euro, a DTZ Echinox report shows. Bucharest attracted 660 million Euro, which represents 77 per cent of ...

PM Grindeanu: We must back European project strengthening, not multi-speed Europe

Romania's consistent stance - whether expressed by the country's Presidency, government or Parliament - on the future of the EU in the Brexit context is to support the strengthening of the Europ...

PM Grindeanu in Brussels: Policies on cohesion funds, common agricultural policies important to Romania

The policies regarding the cohesion funds and the common agricultural policies are important to Romania, Prime Minister Sorin Grindeanu said in Brussels, in talks with several European leaders, ...

EU funds worth 90 million Euro to develop Romanian spa sector

The spas of Romania must be promoted as destinations of major interest for the citizens of all European countries, and the 90 million Euro allocation from the European Union for 2014 - 2020 coul...

Eurostat: Romania registers lowest pay gap between men and women in management positions

In each European Union member state, male managers in 2014 were paid more than women in management positions, but the lowest pay gap was registered in Romania, as data of the European Statistics...

ACUE pleads for gradual deregulation of natural gas purchase prices for population and CETs

The Federation of Associations of Energy Utility Companies (ACUE) fully supports the liberalization of the gas market in Romania only with the necessary elements to ensure it functions transpare...

Mol Group reached almost one billion USD profit in 2016

Mol Group announced its financial results for 2016 and the company delivered a clean CCS EBITDA of 2.15 billion USD, which is only moderately down compared with the previous year, a press releas...

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Editorial

Daily Info
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 public pension ...

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 year-on-year i...

Deloitte Romania appoints Alexandru Reff as new country managing partner
Alexandru Reff has been appointed country managing partner Deloitte Romania and Moldova, effective June 1, 2017. He will succeed Ahmed Hassan, who takes on a regional leadership position.

Cushman & Wakefield Echinox expands its retail department with new appointment
Cushman & Wakefield Echinox consolidates its retail team by recruiting Dana Radoveneanu, a specialist with six years of experience of the local retail market, a press release shows.