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Court ruling: Carpatica Asigurari enters bankruptcy

Business March 25, 2017 08:00 0 comments

Carpatica Asigurari will enter bankruptcy after a Romanian court ruling. The guarantee fund will start processing the over 16,300 compensations requests. Each creditor can request a compensation of up to RON 450,000, the fund announced.…more »

George Didoiu, Colliers International

Over 350,000 sqm office spaces to be delivered in Bucharest and other Romanian cities this year

Offices March 24, 2017 15:59 0 comments

Over 350,000 sqm office spaces will be delivered in Bucharest and other Romanian cities this year, as the office market registered in 2016 the highest delivery rate since the last 7 years, according to the…more »


Romania to borrow EUR 60 mln from IBRD for legal services improvement

Finance March 24, 2017 14:15 0 comments

The Romanian state will borrow EUR 60 million from the International Bank for Reconstruction and Development (IBRD), as part of an improvement program implemented at the level of the Justice Ministry, the National Office of…more »

ARCTIC_new production line

Arcelik to hire 4,000 at its new factory in Ulmi, Dambovita county

Business March 24, 2017 13:07 0 comments

Turkish group Arcelik will hire 4,000 people at its new factory in Ulmi, Dambovita county. The group will invest around EUR 200 million in the factory, which will make wash machines, dish washing machines and…more »

Marius Catalin Marinescu  Foto Marius  Dumbraveanu

ANCOM president Catalin Marinescu steps down

Business March 24, 2017 12:28 0 comments

National Authority for Administration and Regulation in Communications (ANCOM) head Catalin Marinescu stepped down in order to take on a position in the same field with an international institution, representatives of the institution announced. Catalin…more »


Romanian PM Grindeanu sends letter of condolences to British counterpart Theresa May

Business March 24, 2017 11:46 0 comments

Romanian PM Grindeanu sent a letter of condolences to his British counterpart Theresa May, expressing solidarity with the British people and condolences to the families of the victims of the London attack. The Romanian government…more »


ASF to support the acquisition of City Insurance by Swiss investor Max Roessler

Finance March 24, 2017 11:14 0 comments

Misu Negritoiu, the president of the Financial Supervision Authority (ASF), met with the Swiss investor Max Roessler to finalize the negotiations for the take over, City Insurance, the insurer that is in financial recovery. City…more »

CTPark Bucharest West CTP logistic

IT&C distributor Network One Distribution rents warehouse space in CTPark Bucharest West

Business March 24, 2017 10:54 0 comments

IT&C distributor Network One Distribution (NOD), owned by eMAG's Iulian Stanciu, rented a warehouse space in CTPark Bucharest West of over 30,000 square meters. NOD is conducting operations on the Romanian market and that of…more »

Prezidiu_lansare raport studii clinice

Clinical studies take too long to be approved in Romania, study says

Business March 24, 2017 07:00 0 comments

Clinical studies take too long to be approved in Romania, a study made by KPMG for the Romanian Association of International Drug Manufacturers (ARPIM) and Association of Companies that Coordinate Clinical Studies in Romania (ACCSCR)…more »

Dimitrios Goranitis_Deloitte Romania

Deloitte Romania names new partner

Finance March 23, 2017 18:41 0 comments

Professional services firm Deloitte Romania has appointed Dimitrios Goranitis as Financial Services Industry Risk and Regulatory Advisory partner, thus expanding this practice in the country. He will lead Deloitte’s risk service offering in Central Europe,…more »