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

23 ian 2015

The weight of leu-denominated loans has risen by 8% in the past two years, a period that saw a significant decline of leu interest rates and the withdrawal of foreign currency financing lines extended more

22 ian 2015

Businessman Jean Valvis, the founder of brands Dorna and LaDorna, which he sold to Coca-Cola and Lactalis, says that his new bets in the industry of mineral water (Aqua Carpatica) and wine (Domeniile more

22 ian 2015

Romanian businessman Valer Blidar, who owns Arad-based railcar and tram plant Astra Vagoane Calatori, says the plant hiked its revenue by 20% last year and profit by around 5%, with 2014 as the best more

22 ian 2015

DIY retailer Dedeman, owned by brothers Adrian and Dragos Paval, has earmarked investments of more than EUR60 million for 2015 in network expansion, with the retailer set to open at least four new more

22 ian 2015

Poland’s footwear retailer CCC will open 12-14 new stores this year on the local market, at the pace it decided on when it entered Romania in the summer of 2012. Thus, the network will reach around more

22 ian 2015

Checks and promissory notes worth almost 8 billion lei (EUR1.8 billion) bounced in 2014, down 20% from 2013, according with BNR data. more

21 ian 2015

TotalSoft, one of Romania’s biggest software producers, controlled by Greek investment fund Global Finance, in 2014 saw its revenue rise by 10%, to EUR26 million, with EBITDA advancing by a similar more

21 ian 2015

Nidera, the trader controlled by China’s COFCO, buys, sells and exports 1 million tons of Romanian grain and oilseeds per season, according with market data. The volume is handled with just 30 more

21 ian 2015

Timisoreana was the best-selling beer brand in Romania last year, a position it also held in 2013 and 2012, according with data provided by market research company Canadean. more

20 ian 2015

The 500 biggest exporters in the Romanian economy, handling around 75% of total exports worth EUR50 billion in 2014, have just 350,000 employees, namely 8% of total employees in the economy, according more

20 ian 2015

Radu Enache, a stakeholder in Continental hotel chain, one of Romania’s biggest, says he expects the hotel business to register a 5% revenue advance this year. more

20 ian 2015

Romanian airline Carpatair, which went insolvent early 2013 and no longer operates regular flights, is in talks with tour operators and airlines of Italy and Spain to lease aircraft for charter more

20 ian 2015

Zizin, the mineral water brand produced by Brasov-based company Apemin Zizin, posted a 37% increase in sales in 2014 and the company wants to maintain the brand’s upward trend this year. more

19 ian 2015

Dent Estet dental clinics, owned by Oana Taban and Nicu Hagivreta, generated revenue worth above 17.8 million lei (above EUR4 million) in 2014, up 20% against 2013. more

19 ian 2015

Tymbark Maspex Romania, a major player on the local soft drinks market, expects its revenue to rise by around 10% this year against 2014, according with company data. more

19 ian 2015

Romania's construction industry, which has contracted by around 45% since the beginning of the crisis, lost around 109,000 employees between 2008-2014, namely almost one quarter of the entire more