24 feb 2015

US group Oracle, one of the biggest players on Romania’s IT market, rented 10,400 square meters in Sky Tower of northern Bucharest, a space where offices for around 1,000 employees can be fitted, more

24 feb 2015

Romania ranks 14th in the global exporters ranking and operates 1.1% of total footwear exports. Romanian plants send $1.3 billion worth of footwear abroad, a value almost four times higher than that more

24 feb 2015

The European Bank for Reconstruction and Development, an international financial institution with EUR7 billion worth of investments in Romania and a minority stakeholder in the Bucharest Stock more

24 feb 2015

World Class Romania, Romania’s largest fitness chain, in 2014 generated revenue worth EUR12.5 million, according to Mikael Fredholm, the company’s chief executive officer. Thus, the revenue of the more

24 feb 2015

Coca-Cola HBC Romania, leader of Romania’s soft drinks market, climbed 60 spots in the ranking of the biggest local exporters, from 344 in 2013 to 284 last year, according with National Statistics more

24 feb 2015

Romania’s Information Society Ministry asked Telekom Romania Communications (the former Romtelecom), in which it holds a 46% stake, to halt the sale of assets such as real estate ones, until the more

24 feb 2015

Global finance giants BlackRock, Vanguard, Franklin Templeton and Morgan Stanley hold around $100 million (some RON400 million) worth of investments on the Bucharest Stock Exchange through the funds more

23 feb 2015

Agricultural insurance is one of the main segments presenting growth potential in the coming years, but Gothaer will further bank on the niche of products aimed at SMEs and will try to expand in the more

23 feb 2015

Romanian porcelain manufacturer Apulum, a major local supplier of Swedish group IKEA, has budgeted investments worth above EUR3 million in 2015 to increase production at its Alba Iulia plant. more

23 feb 2015

There is room for another 10-15 McDonald’s units in Romania, both in and outside Bucharest, said Daniel Boaje, the Romanian who has run the local operations of the US giant since 2011. However, no more

23 feb 2015

Romanians now pay more than Germans for a fill-up, but earn 5 times less more

20 feb 2015

There are premises for an increase in investments operated by the state in 2015, implicitly driving up private investments, says Alexandru Stanean, general manager of building material producer more

20 feb 2015

Owners of cards issued by local banks in 2014 operated payments at retailers abroad worth 6.7 billion lei (EUR1.5 billion), up one fifth against 2013, according with BNR data. more

20 feb 2015

Bucharest’s Beltway, which 25 years from the Revolution has just 20 of its 80 km rehabilitated, and traffic on the other 60 km unfolds at an average speed of 17 km/h, is a real hurdle for investors, more

20 feb 2015

Regina Maria, a major player on Romania’s private healthcare market, is likely to change its owner this year in a deal likely to head toward nine figures in euros. more

19 feb 2015

Bucharest’s Ponderas Hospital is due to have a more challenging period until September after relocation to a new space, double the previous one, but at yearend it is likely to register a 20% more

19 feb 2015

Ryanair, Europe’s biggest low-cost carrier, says it expects 500,000 passengers this year and 1 million passengers in 2016 after having kept a low profile in the first 6 years of presence in Romania. more

19 feb 2015

Foreign investors took out approximately EUR18 billion from Romania over the past 11 years, with repatriated dividends reaching almost EUR2.3 billion in 2013 alone. On the other hand, foreign more

18 feb 2015

Britain’s Kingfisher, which owns Bricostore and Brico Depot stores in Romania, forged a partnership with German group Metro to open some temporary warehouses in the spaces of the cash&carry network, more

18 feb 2015

Owners of cards issued by local banks in 2014 operated payments at retailers worth 30 billion lei (EUR6.7 billion), up 16% from 2013, according with BNR. However, cash withdrawals from ATMs are still more

18 feb 2015

Breakfast cereal consumption in Romania rose by 14% in 2008-2014 to around 14,000 tons, but it’s still low compared with the level registered in West European countries such as Germany or France, more

18 feb 2015

Holcim Romania’s 2014 cement sales were supported by the rising number of projects in the housing, as well as non-housing sectors, says Francois Petry, who runs the building material producer. more

18 feb 2015

The trend of operating profit generated by the 20 most important segments of Romania’s agricultural market points out the buoyancy of this market in the past seven years. more

18 feb 2015

Nutline, a Romanian seed brand launched in 1998 and now part of German-held Intersnack’s portfolio, has reached Germany’s market. more

18 feb 2015

Online recruitment platform bestjobs.ro, the most profitable business of Neogen group, in 2014 registered a 10% revenue increase against 2013, Calin Fusu, the group’s founder and chief executive more