| Deloitte advised Chimcomplex on raising 164 million Euro of debt finance for acquiring Oltchim  A mixed team of experts from Deloitte UK, Deloitte Romania and Reff & Associates, member of the Deloitte Legal global network, advised Chimcomplex SA Borzesti on raising debt finance to fully fu...
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| Corina Popescu is the new CEO of Electrica  The Board of Directors of Electrica, one of the most valuable companies where the state is the main stakeholder, has agreed to end the collaboration with its CEO Dan Catalin Stancu starting Nove...
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| Romgaz posts a net profit of 1.02 billion RON in the first nine months of 2018  Romania's natural gas company Romgaz posted a net profit of 1.02 billion RON in the first nine months of 2018, a decrease of 14 per cent compared to the year-ago period. Total revenue stood at 3...
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| Tinmar Energy to reach 80 million RON profit in 2019, invest in household business  Tinmar Energy estimates a profit of 80 million RON for 2019, after a 73 million RON result for this year, according to Augustin Oancea, CEO of the company. He claims the turnover for 2018 will b...
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| The rumored turnover tax on energy companies would have devastating consequences on the Romanian economy, says ACUE  The Federation of Associations of Energy Utility Companies (ACUE) expresses its deep concerns following the latest political statements stigmatizing energy companies and the associated rumors ab...
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| MET Romania reaches third highest market share growth in 2018  MET Romania is one of the top five energy suppliers on the competitive market, with a nine per cent share this year, rising from 0.8 per cent in 2016, reaching the third highest market share gro...
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| MOL Group posts 835 million USD profit for the first nine months of 2018  MOL Group announced its financial results for the third quarter of 2018. With a net profit of 323 million USD in Q3, the company reached a profit of 835 million USD for the first nine months of ...
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| Black Sea Oil & Gas signs the gas sales agreement with Engie for natural gas supply from the MGD project  Black Sea Oil & Gas together with its co-venture partners, Petro Ventures Resources and Gas Plus International, announced the signing of the gas sales agreement with Engie through its subsidiary...
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| Valentin Radu receives new mandate as chair of Electrica's board of directors  Electrica's board of directors decided to appoint Valentin Radu as chair of the board of directors for a mandate of one year, starting with 12 December 2018.
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| Transgaz gets 150 million Euro from EIB for new gas pipeline  The European Investment Bank (EIB) is lending 50 million Euro - the first tranche of an approved loan of 150 million Euro - to Transgaz, Romania's public gas transmission company, to finance a n...
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| Black Sea Oil & Gas and Transgaz sign 15-year contract for the MGD Project gas production transmission into the NTS  Transgaz and Black Sea Oil & Gas signed the gas transmission contract for the transport of the Midia Gas Development Project (MGD Project) production into the National Transmission System (NTS)....
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| Economy-wide minimum wage must be done through a transparent, objective and predictable mechanism, says ACUE  The members of the Federation of Associations of Energy Utility Companies (ACUE) expressed their concern over frequent changes to labor legislation, promoted by the Government over a short time ...
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| CE Oltenia denies media allegations, says it has no state debts  State-owned company CE Oltenia denies the allegations in the local media, according to which it has debts to the state budget worth over 100 million Euro, a press release shows.
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| Romelectro to modernize the Smardan power station following 23 million Euro project  The association between Romelectro SA and Electromontaj SA, as a general contractor, recently won the tender organized by CNTEE Transelectrica SA for the modernization of the Smardan power stati...
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| 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.
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| 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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| 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...
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| 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.
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| 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...
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| 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...
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| 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 ...
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| 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....
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| 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)....
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| 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.
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| 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...
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| 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...
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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.
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| 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... |
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