Analysis
April 12, 2016 14:53
Innovative solutions in public and architectural lighting and perspectives in financing these projects, opportunities in developing energy efficiency programs and novelties in public acquisition procedures, were some of the subjects tackled at the 2016 edition of the Lighting Industry Forum organised on the 7th of April by GOVNET Conferences. The 2016 Lighting Industry Forum kept the philosophy of the Govnet Conferences events, bringing together for a lively debate representatives of the local and national authorities, of the producers of lighting equipment, and of specialists from the private sector....more »
April 04, 2016 06:14
Courier business is still riding high following the fast pace development of online shopping. With annual growth rates of 10 to 15 percent and good profit margins, this seems an attractive line of business. The reality shows that offering a good service in courier and postal sector is a challenging task and clients will react quickly if something goes wrong in the delivery business. The impact of the increasing flow of orders towards the courier companies, the specific requests regarding the delivery services and the logistic challenges generated by these, the barriers of credit card payment at delivery, as well as the development trend of fix pick-up points, are few of the subjects tackled by the representatives of the courier and postal services providers present the third edition of the Romanian Courier & Postal Services Forum, organized by GOVNET Conferences with the support of ANCOM, A.O.C.R., and ARILOG....more »
February 08, 2016 10:50
Authors: Sebastian Gutiu, Managing Partner (Bucharest) Schoenherr & Sofia Cozac, Attorney at Law There has been a lot of talk about investment arbitration in relation to the cuts in and changes to the Romanian government's support scheme for renewable energy ("RESS"). Several investors appear to have taken a closer look at this legal tool to obtain compensation for the detriments they have suffered as the consequence of the government's recent policy changes. We know for a fact that some law firms have been busy at work, drafting assessments and pitching for cases. There may even have been drafts of notices of dispute floating around. Those investors who did not get as far as asking for their lawyers' advice or who are interested in matters that, for one reason or the other, are rarely to be found in formal legal assessments, may find the text below an interesting read. It is not an assessment of the chances of success of RESS-related investment arbitration proceedings. Instead, it provides our opinion, expressed from the viewpoint of a diligent observer of the Romanian (legal) market....more »
January 28, 2016 10:40
Regulatory scrutiny and a tightening, global legal framework place customized compliance programs at the top of companies' agenda says Diana Crângașu, Senior Associate and coordinator of the Competition practice of Clifford Chance Badea.  For Competition, 2015 was an extremely intense year in Romania as well, with a very active regulatory authority, a record number of investigations and infringement decisions, as well as important changes in the legislation. ...more »
November 03, 2015 11:01
The more one looks at Romanian politics the more they come to realize that there are several differences between this phenomenon and its Western counterpart.Perhaps the most obvious difference is the way in which Romanian political parties delimit individual ideology from that of other, opposing parties......more »
October 23, 2015 12:47
Europe is astir. The Transatlantic Trade and Investment Partnership or TTIP as it is known by most is causing quite the debate storm across Europe.Proponents of the agreement try to make their case by citing commercial and economic benefits while those who oppose the idea underline not only disadvantages in said areas but also potential environmental and health issues. If one is to take a close look at what is being negotiated they might come to the realization that the party that has the most to lose in this matter is Europe. It is of paramount importance to be informed before making a decision. What then is essential for us to know? ...more »
October 14, 2015 14:02
Recent geopolitical events have stirred up certain issues which had not been in the media's attention for some time.One of the consequences of Europe's current migration crisis has been the unearthing of matters which many had hoped were long laid to rest. For instance, not long after refugees started pouring over the borders of Greece...more »
January 26, 2015 10:50
The transactions of 2014 have confirmed the optimistic expectations from the beginning of the year, which forecasted an increase of the M&A market based on the slight economic increase from the first part of the year. With two of the largest transactions (i.e. divestment of the Lafarge / Romcim assets as part of the conditions required by the Lafarge-Holcim merger clearance by the European Commission and sale of the Enel assets in Romania) still pending at the end of 2014, last year has nevertheless proven to be one of the most prolific in M&A transactions until the beginning of the economic crisis....more »
October 12, 2014 17:05
After three consecutive years of financial loss, the Romanian banking system returned to profit in 2013 leaving room for some optimism with respect to its profitability in 2014. Lower provision costs amid the slower growth rate of non-performing loans (NPLs), corroborated by a drop in operating expenses subject to staff adjustments and territorial network resizing had a positive effect on the domestic banking sector. Thus, the net aggregate profit of the 40 banks and financial institutions in Romania amounted to lei 48.6 million, following a major loss of lei 2.3 billion in the previous year, shows the annual report released by the National Bank of Romania....more »
October 12, 2014 17:02
Developments in Romania’s energy industry generally accounted for developments in the green energy sector in recent years, a business sector that was like a mirage in a desert that has not got over the nightmare of the economic crisis. But since every good thing comes to an end, the El Dorado the green energy turned into proved to have been only gold plated and rust started to emerge starting last summer. Romania had one of the most generous and profitable support-schemes for renewable energy generation, acting as a magnet for investors seeking easy earnings, who saw in Romania an opportunity for rapid gain....more »
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