26 feb 2015

US company Uber, which provides transport services through a smartphone application connecting passengers and drivers, entered the Romanian market amid the absence of regulation for “ridesharing” more

26 feb 2015

Wizz Air, the biggest player on Romania’s low-cost carrier market, is looking at eastern Romania for local expansion, with a strategy that rather envisages attracting new clients for air transport more

26 feb 2015

Romanian DIY retailer Dedeman, controlled by brothers Adrian and Dragos Paval, is the fifth biggest player in Central and Eastern Europe in this field, with a 1.2% share of a total market valued at more

26 feb 2015

Romania’s media and advertising market is likely to witness a 2%-3% increase this year amid the good performance of the local economy, but economic growth is not strong enough to give companies the more

26 feb 2015

The shareholders of toy retailer Jumbo decided to boost the share capital of the Romanian subsidiary by 89.4 million lei (EUR20 million), according to Official Journal data. The Greek retailer’s more

26 feb 2015

NIS Petrol, the Romanian subsidiary of Serbian oil group NIS controlled by Russia’s Gazprom, ended 2014 with 18 filling stations in Romania, after a year when investments reached EUR8 million, and more

26 feb 2015

Spanish-held group Hercesa, which has invested around EUR150 million in Romania over the past decade to buy land, develop housing compound Vivenda and rebuild Cismigiu hotel, plans to resume more

25 feb 2015

Romanian furniture producer Lemet will complete investments of around RON22 million (EUR5 million) in a new production unit in Brebu, Prahova county, in the second half of this year, a project more

25 feb 2015

Romanian entrepreneur Dan Minulescu, who built Macromex group, sold ten of his companies to a group in Denmark and sealed a partnership with it for the distribution of La Strada ice-cream in northern more

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