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Marius Vacaroiu, Policolor
Tax changes have made us elaborate more budget impact assessments this year»
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Romanian agribusiness forum 2014

In mid-December, The Diplomat-–Bucharest magazine organized the fourth edition of the Romanian Agribusiness Forum 2014 in order to discuss the impacts of the current regional context on the lo...

OFFICIAL MEETING

In mid-January, Prime Minister Victor Ponta had a meeting, at Victoria Palace, with the U.S. Assistant Secretary of State for European and Eurasian Affairs, Victoria Nuland. The Prime Minister d...

DUAL SYSTEM

German retailer Penny Market, part of the REWE Group, announced the launching of the free educational program for dual training in February, where 20 young people will be trained to activate in ...

NEW CENTER

Endava, one of the IT service companies with the fastest growth in Europe, has opened its fourth development centre in Romania, in Pitesti, where it plans to hire 100 IT specialists in the next ...

CELEBRATION

Travel agency Paralela 45, general tour-operator and the biggest circuit producer in Romania, celebrated 25 years of activity in late January. With a turnover of 40 million Euros reached at the ...

RECOVERY

According to a market study by RE/MAX, a real estate company that relies on a franchise system, Romania’s real estate market will see a slight increase this year, after 2014 already felt reviv...

Bigger team

With the acquisition of IBM′s x86 server division, Lenovo increased its number of employees to 160 people and moved into a larger office.“We are glad that we have completed the integ...

FINANCING APPETITE

Garanti Bank registered an annual average growth of 20 per cent in the SME segment from 2010 up to the present, according to a press release. The financial institution has a portfolio of 25,000 ...

LARGER NETWORK

German retailer Lidl opened in late July a new unit in Targu Neamt, in Eastern Romania, reaching 176 units across the country. Since the beginning of this year, the retailer opened seven units i...

EXPANSION

The real estate developer Genesis Development leased to Accenture - a management consulting, technology services and outsourcing company - an additional area of 1,400 sqm to the company&prim...

EUROPEAN RECOGNITION

Bucharest′s Epoque Hotel is ranked tenth on the global 2014 Expedia Insiders’ Select winners list, being the only property in Europe present in this year’s top ten. The ranking inc...

MILITARY CEREMONY

In late July, Prime Minister Victor Ponta attended the ceremony of military rank awarding to the graduates of the “Nicolae Balcescu” Land Forces Academy based in Sibiu. "I am here today...

ACROSS THE BORDER

The Greek partner of Romanian cosmetics producer Farmec opened a branded shop at Salonic, based on the model located at Cluj-Napoca, the company informs. G2D SPC company plans opening new shops ...

HELPING HAND

APT Resources and Services company, in partnership with the "Titu Maiorescu” University of Bucharest, launched in late July the "SIMACTIV” project, financed from the European Socia...

More on News
Contract for the purchase of 227 Piranha V armored personnel carriers, signed in presence of PM Tudose

The contract for the purchase of 227 Piranha V armored personnel carriers was signed on Friday in the presence of Prime Minister Mihai Tudose, Deputy Prime Minister Marcel Ciolacu and Defense Mi...

President Iohannis: The Romanian society is mature and active and needs a state to match it

President Klaus Iohannis stated, on the occasion of the annual meeting with the heads of diplomatic missions accredited in Bucharest, that the Romanian society is a mature one, which proved capa...

2 Comments

Iohannis: Justice independence, public positions' integrity are constitutional values not to be negotiated

Promoting the rule of law and Justice independence, fighting against corruption, ensuring integrity in public positions and dignities are constitutional values that cannot be negotiated, Preside...

1 Comment

President Iohannis meeting Juncker and Tusk in Brussels, modifications in Romanian justice among topics

President Klaus Iohannis is to meet on Wednesday, in Brussels, with President of the European Commission Jean-Claude Juncker and with President of the European Council Donald Tusk, according to ...

1 Comment

PM-designate Dancila: "It's important to implement governing programme"

Prime Minister-designate Viorica Dancila stated that it's important to put into practice the governing programme, but also 2018- the Centennial Year and prepare to take over the Presidency of th...

1 Comment

Iohannis: Romania's progress bound to stable legislation able to punish abuses

Romania's progress is inseparably bound to a coherent, stable legislation able to punish abuses and dishonesty, said President Klaus Iohannis, pointing out that the government has the obligation...

4 Comments

Mihai Tudose announces his resignation as prime minister

Mihai Tudose announced on Monday evening, at the end of the Social Democrat Party (PSD) National Executive Committee (CExN) meeting, that he resigns as prime minister of Romania. "I am leaving w...

Garanti Leasing signs a loan agreement for 15 million Euro with EFSE

Garanti Leasing, part of Garanti Romania, has signed a loan agreement of 15 million Euro with the European Fund for Southeast Europe (EFSE). The facility is meant to increase access to financing...

BNI Romania members registered 50 per cent higher turnover in 2017

BNI Romania, member of the global network of reference-based professional networking, Business Networking International, registered a turnover of 6.2 million Euro in 2017, 50 per cent more than ...

European Commission grants Romania 800 million Euro to finish 2007-2013 projects

The European Commission (EC) has granted Romania 800 million Euro to help it finalize some big projects started during the 2007-2013 financial exercise.

Ministry of Public Finances set to issue Euro-bonds worth 8 billion Euro in the next two years

The Ministry of Public Finances (MFP) contemplates issuing Euro-bonds worth approximately 8 billion Euro (equivalent) over 2018-2019, in the context of the implementation of the annual plan for ...

EIB supports the modernisation of infrastructure in Oradea

The European Investment Bank (EIB) is lending 21 million Euro to the Municipality of Oradea to finance improvements to its urban infrastructure. EIB funds will also support investments targeting...

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Editorial

Daily Info
EIB offers Romania 13 billion Euro financing in 25 years
The European Investment Bank (EIB) has granted Romania 13 billion Euro worth of loans since starting its operations in the country, in 1992, according to a report of the institution.

Germanos stores in Romania rebrand into Telekom
Telekom Romania, the second-biggest telecom group on the local market, has started the rebranding process of the Germanos shops into Telekom.

OMV Petrom doubled its profit last year
OMV Petrom had a 2.49 billion RON profit in 2017, more than double than it had recorded in 2016 (1.04 billion RON), according to a report by the company.

Complet Electro Serv appoints Cristian Laza as new CEO
Complet Electro Serv, part of Altex Romania, has appointed Cristian Laza as CEO of Complet Electro Serv, producer and distributor of electric-IT equipments.

Mol Group posts highest profit in a decade in 2017
Mol Group announced its financial results for 2017. Mol increased its EBITDA by 14 per cent outperforming its 2017 target on the back of a strong financial and operational delivery of all business segments....