30 ian 2015

Alexandra Copos de Prada, daughter of businessman George Copos, who took over the reins of ANA Hotels company last year, says she expects revenue to rise by 9% this year against 2014, to EUR27.7 more

30 ian 2015

The pharmacy network is interested in acquiring independent pharmacies and mini-chains for expansion this year, but also considers the franchise system. However, the latter project is in its early more

29 ian 2015

Nestle Romania, a major player on Romania’s sweets and coffee market, last December got a capital infusion worth 55 million lei (EUR12.3 million), according with Trade Registry data. more

29 ian 2015

Bucharest builder Delta ACM 93, controlled by businessman Florea Diaconu, expects flat revenue in 2015 against last year, of around EUR100-105 million. more

29 ian 2015

Players in Romania’s modern retail announced ambitious expansion plans for this year, with over 250 new stores scheduled for opening, mainly on small format. Investments could reach EUR200 million. more

29 ian 2015

Romania’s car industry climbed from revenue worth EUR8 billion in 2009 to EUR18 billion in 2014, according to data provided by the association of automotive manufacturers in Romania ACAROM. more

29 ian 2015

Germany’s Agrarius, listed on the Frankfurt bourse and one of the largest agricultural producers of Timis, took over 500 hectares of arable land under lease and has come to hold a total of 4,700 more

29 ian 2015

The local building materials field, accounting for around one third of the overall construction market, is set to rise by 3-4% this year, after stalling at around EUR3.2 billion in 2014. more

29 ian 2015

Banks in Romania had loans granted to individuals and companies worth around 212 billion lei (the equivalent of EUR47 billion) at the end of 2014, down RON7 billion against the end of 2013. The more

28 ian 2015

The five-star Hilton hotel of Sibiu, the only five-star unit in this city, saw revenue rise by 10% last year, in line with the projected level, and expects a similar sales advance in 2015, according more

28 ian 2015

Companies that leased car fleets last year chose cheaper cars in a bid to slash costs and the over 10% increase posted by the operating leasing market contributed to the car market advance as 70% of more

28 ian 2015

The 20 largest companies set up in Romania in 2009, at the very moment the crisis started being felt in Romania as well, managed to rake in together revenue worth over RON3.5 billion in the first more

28 ian 2015

Elka Oktal Group, which manages oktal.ro, among Romania’s ten largest IT&C online stores by 2013 revenue, went bankrupt after piling up a heavy debt load. more

28 ian 2015

The completion of natural gas market deregulation is likely to leave Romgaz without one of the “engines” that brought it record high profit after the first nine months of 2014: gas price more

27 ian 2015

Companies should focus on brand strengthening, digitalization, proper cash management, cost control and improved performances given the volatile international context that could impact Romania as more

27 ian 2015

Radu Ionescu, a Romanian engineer who has lived in Switzerland for the past almost 30 years, last autumn took over, together with other local construction industry entrepreneurs, Laguna Residence, a more

27 ian 2015

After investments of EUR380 million in wind projects, Verbund will no longer expand in Romania, says Ovidiu Pop, general manager of Verbund Romania, the local subsidiary of Austria’s biggest energy more

27 ian 2015

“Romania’s strategy for 2014-2020 mentions for the first time the need to fund Romanian exporting enterprises. It is important for us to no longer believe in the myth saying SMEs are the backbone more

27 ian 2015

Aegon Romania, the local unit of the Dutch insurer, in 2014 registered gross underwritten premiums of around RON50 million and had over 40,000 policies in its portfolio, up from 2013. The number of more

26 ian 2015

A few of the most “coveted” RASDAQ companies have turned their back on the main market and decided to wait on the alternative market until a better moment for floatation emerges. more

26 ian 2015

Three companies and a Polish investment fund are readying for floatation on the alternative trading system AeRO operated by the Bucharest Stock Exchange (BVB) and destined to small companies and more

26 ian 2015

Romanians spend RON200 on average each month on foodstuffs and spirits and non-alcoholic drinks, with the largest part of this sum, almost 45%, being used for buying meat and bakery products. more

23 ian 2015

Regional pharmacy chains operating in one or two counties of Romania have been gaining ground lately and have now come to directly compete with national ones, says Iulian Trandafir, general manager of more

23 ian 2015

The Caro Hotels complex on Barbu Vacarescu street, in northern Bucharest, ended 2014 with around 25% higher revenue, to 18.5 million lei (around EUR4 million), according to Octavian Lazar, the more

23 ian 2015

Car purchases by individuals rose by 20% last year, in line with the market, with a trend of buyers paying cash in the detriment of classical products, such as bank loans. In the case of legal more