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Regulations will come gradually and will cover all areas»
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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...

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...

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 ...

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 ...

WORKSHOP

Romanian companies active in the food and agricultural equipment production sectors attended in early July the workshop presentation of the Expoalimentaria fair, an international event for food,...

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 ...

More on News
President Iohannis urges Romanians to be more united, stay involved in modernizing Romania

Romania's President Klaus Iohannis urged Romanians in France to be more united and stay involved as much as they are now in helping modernise Romania.

4 Comments

OTP Bank Romania signs investment funds distribution deal with Eurobank Fund Management Luxembourg

OTP Bank Romania signed a partnership with Eurobank Fund Management Company (Luxembourg) for the distribution of investment funds in Romania. Thus, from December 1st, OTP Bank Romania becomes th...

5 Comments

ArcelorMittal receives binding offer for European assets from Liberty

British-owned Liberty announced a conditional agreement to buy four European steel plants, employing more than 12,500 people.

2 Comments

Catrina, MCSI: Romania is ready to roll up its sleeves and work during the presidency of the EU Council

Romania is ready to roll up its sleeves and work during the presidency of the Council of the European Union (EU), said Maria Manuela Catrina, State Secretary at the Ministry of Communications an...

8 Comments

Revolut gets European banking license

Fintech startup Revolut is now officially a bank. While the startup initially expected to get its European banking license during the first half of 2018, the company has finally come out of the ...

2 Comments

The Romanian labour market needs a well-thought approach, says FIC

The Foreign Investors Council (FIC) has signaled in the past 2-3 years that its members are anticipating increasing strains on the Romanian labour market because starting with 2015-2016 their me...

2 Comments

Fondul Proprietatea expresses disappointment over Engie listing rejection

Fondul Proprietatea is disappointed with the decision taken by the majority shareholder of Engie SA, Romania Gas Holding B.V., to oppose the listing of the company, according to a press release....

Dacia receives 115.8 million RON in state aid from the Finance Ministry

The Romanian Finance Ministry has signed five more grant agreements under the state aid scheme, and among the beneficiaries are Automobile Dacia, with RON 115.8 million.

2 Comments

EBRD cuts economic growth forecast for Romania

Romania's economy will grow by 4.2 per cent this year and by 3.6 per cent in 2019, according to the most recent forecast released by the European Bank for Reconstruction and Development (EBRD)....

Europe must become a producer of new technologies, not just a consumer of technologies, says EC

Europe must become a producer of new technologies, not just a consumer of technologies, said Gerard de Graaf, Director for the Digital Single Market in Directorate-General "Communications Networ...

Two billion youth risk of being left behind in the Fourth Industrial Revolution workforce, says Deloitte

Almost two billion youth worldwide risk of being left behind in the Fourth Industrial Revolution (Industry 4.0) workforce, which is changing at an increasingly rapid pace as a result of the emer...

2 Comments

FDI in Romania rises 10 per cent after ten months in 2018

Non-residents' direct investment in Romania (net FDI) totaled 4.56 billion Euro in January-October 2018, around 10 per cent more compared to the same period of 2017, Romania's National Bank (BNR...

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Editorial
Changing the game - Reinvention

Reinvention is all about letting go of everything but your very best and finding even better ways of using it. The true essence of sustainability is reinvention.

Daily Info
Smart city is not a fad, it's a necessity
In June 2018, the ranking of the most "smart" cities in the world was published. In other words, the most advanced cities in terms of human capital, social cohesion, the economy, the environment, governance, ur...

Ondrej Safar, CEZ Group: "Romania can become a hub for international smart solutions providers"
"We are already in the digital age, so the upward trend of implementing smart solutions is inevitable in all areas," he tells The Diplomat-Bucharest. "Especially in terms of utilities, a compatible approach is ...

Telekom Romania, a strong supporter of Smart City development in Romania
Just like many other countries in the world Romania is now facing an unprecedented growth of the urban population, which can be both beneficial and detrimental for the society and for the administrations's budg...

In the industrial era, the fight was for finite material resources. Not anymore
Now organizations fight and develop themselves for and around their talent. In a nutshell, getting ahead in today's business world is all about attracting and inspiring an energetic workforce. I guess the nat...

Richard Sareczky, Mol Limo: "We look at expansion locations across CEE including Romania"
Consumer mobility behaviour is changing, leading to up to one out of ten cars sold in 2030 potentially being a shared vehicle and the subsequent rise of a market for fit-for-purpose mobility solutions, says Ric...