July 20, 2018

U.S. Ambassador Mark H. Gitenstein’s remarks at the Liderjust project closure

US Ambassador Mark Gitenstein delivered a speech at the Liderjust project closure. “The Rule of Law, the Role of Lawyers & the Future of Romania” As prepared for delivery This is the third … [Read more...]

Agricultural lands makes Romania attractive to Italian investors – Ambassador Cospito

Italy's Ambassador in Bucharest Mario Cospito on Tuesday told a specialist seminar staged by the Ministry of Agriculture and Rural Development and Italy's Embassy to Romania that the richness of agricultural … [Read more...]

Tarom resumes search for private manager

Romanian airline company Tarom has announced that after Austrian Heinrich Vystoupil has given up the managing position, the process of selecting a manager will have to be resumed. Until a new appointment … [Read more...]

Beer sales went to EUR 1.8 billion in 2011 in Romania

Last year, beer sales amounted to EUR 1.8 billion in Romania and the brewing industry generates added value of just over EUR 500 million. This could grow even more in the future if local farmers are able … [Read more...]

Europa Group opens Bucharest hotel

Europa Group Hotels opened its Europa Royale hotel in Bucharest after a EUR 14 million investment. The hotel is located on Strada Franceza in the old district of the capital city, in a refurbished 19th … [Read more...]

Erste Group profit at EUR 597 mln on lower risk cost

According to Andreas Treichl, CEO of Erste Group Bank, the net profit of Austrian Erste Group amounted to EUR 597.3 million on nine months from a loss of EUR 973 million in the same period of last year, … [Read more...]

80 % of Romania’s exports, imports go to and come from Germany and Italy, in 2011

A report on the EU single market that the EU Commission's officials in Romania presented on Tuesday reads that Romania's main partners in consumer goods import and export activities were Germany, Italy … [Read more...]

Chinese company to cover 40 % investment for Cernavoda reactors

Rodin Traicu, secretary of state within the Economy Ministry, stated for Mediafax  that several Chinese companies are courted by the Romanian Government that wants them to invest in electricity production … [Read more...]

Oltchim restarted with advance payments from clients

In the first nine months this year, the revenue of Oltchim Ramnicu-Valcea (OLT) decreased by 47 % to RON 721.9 M (EUR 162.8 M) and the loss was up by 72 % to RON 08.5 M (EUR 69.6 M). In the similar period … [Read more...]

Sibiu, Brancusi and Roman fortresses on UNESCO list

Culture Minister Puiu Hasotti, declared in a press conference that the Roman fortresses along the lower Danube, Sibiu’s historic district and the Brancusi ensemble in Targu-Jiu are Romania’s priorities … [Read more...]

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