17 feb 2015

Gherla-based Sortilemn, a major Romanian supplier of Swedish group IKEA, in 2014 generated revenue worth around 200 million lei (EUR45 million), up 29% against 2013. more

17 feb 2015

Low-cost airline Blue Air, controlled by Romanian entrepreneurs, expects to carry 1.6 million passengers this year, up around 6.7% on the year. more

17 feb 2015

Foreigners, largely banking groups, at the end of 2014 held around EUR5.8 billion in medium and long-term deposits opened with local banks, 32% below the record high reached in 2011. In 2014 alone, more

17 feb 2015

Construction of blocks of flats, particularly in Bucharest, Cluj and Timisoara, was the main growth driver of the Romanian masonry market, made up of bricks and ACC block, in 2014, says Corneliu more

17 feb 2015

Hypermarket chains control almost 30% of Romania’s game, console and toy market, valued at 880 million lei (almost EUR200 million) in 2014, a bigger share even than that of specialized stores, a more

17 feb 2015

Romania’s official spirits market in 2014 contracted by 20% by volume and 5% by value on the hiked alcohol excise that pushed prices higher and drove consumption to the unfiscalized market, reveal more

17 feb 2015

Schogetten chocolate brand produced in Germany in 2013 registered sales worth some EUR22 million (around $30 million) in Romanian retail, according with ZF calculations based on Canadean data. more

16 feb 2015

Stores in Baneasa shopping center saw sales stall at EUR205 million last year amid stable traffic, Georgios Argentopoulos, the chief executive officer of Baneasa Developments, the company through more

13 feb 2015

The PVC profile unit of Rehau Polymer, the Romanian subsidiary of Germany’s Rehau group, ended 2014 with revenue of around EUR27 million, up 2-3% from 2013. more

13 feb 2015

The new bookstore the owners of Carturesti bookstore chain opened in a monument building of Bucharest’s Old Town, set to sell 15,000 titles of Romanian and foreign books, will attract at least 1,000 more

13 feb 2015

Medsana, the first foreign investment on Romania’s healthcare market, reduced the weight of subscriptions in revenue to 33% in 2014 from 40% in the previous year as it deliberately renounced five more

13 feb 2015

In 2015, sales of new cars to individuals will be supported both by the clunkers program (Rabla) and by the First Car scheme and people aged below 35 will be able to buy a new passenger car for around more

13 feb 2015

The forex market in Bucharest ended January with around EUR25 billion in traded volume, that is a daily average of EUR1.3 billion, meaning a decline of almost 30% against January 2013, according to more

12 feb 2015

Belgian-held retailer Mega Image has recently put the “to go” coffee of U.S. Starbucks on its shelves in a bid to gain share on this market, one of the most dynamic over the past year. more

12 feb 2015

Sibiu-based Atlassib, Romania’s biggest international road passenger transport operator, expects a 4-5% increase in revenue and the number of passengers its coaches will carry this year, according more

12 feb 2015

German-held building material producer HeidelbergCement, which controls Romanian cement producer Carpatcement Holding, reported improving EBITDA margins for Romania in 2014 owing to cost control. more

12 feb 2015

Almost 1 million hectoliters of wine are sold annually in modern retail networks, accounting for 40-50% in total volumes sold in Romania, according to a ZF estimate based on data from winemakers. more

11 feb 2015

Considering the current structure of its hotel market, Romania has solid prospects for the development of hotels under international brands, says Gilles Clavie, chief executive officer of Poland’s more

10 feb 2015

Asking prices for old three-room apartments in Bucharest rose by around 2% in the first month of this year, after owners hiked prices particularly in the better areas of the city, such as 1 Mai, 13 more

10 feb 2015

Romanian tractor producer IRUM, controlled by Oltean family, expects its revenue to rise by 15% this year against 2014, mainly on sales network expansion. more

10 feb 2015

Polish investment fund Innova Capital mulls listing bottled water wholesaler La Fantana, which it controls, on the Bucharest bourse, and hired Ipopema Securities to handle the deal, according with more

10 feb 2015

State-run airline Tarom, placed under private management, further operates a motley fleet made up of 24 Airbus, Boeing and ATR aircrafts, while its fleet homogenization process is still in the stage more

10 feb 2015

The number of SRL-D-type companies (businesses set up by young entrepreneurs) went beyond 17,000 in late 2014, after an over 50% increase against 2013, according with Trade Registry data. more

9 feb 2015

Representatives of the Bucharest Stock Exchange, together with Romgaz and Electrica executives, brokers and investment bankers, were in London last Friday to promote themselves in front of funds more

9 feb 2015

The ten most expensive luxury cars ordered in the past year in Romania and which are to be delivered in 2015 are worth nearly EUR2 million, and the most expensive of them is a Lamborghini Aventador more