14 ian 2015

The price of energy traded on the spot market, a barometer of Romania's power market, soared in the last months of 2014, so that last year’s average was close to the 2013 one. more

14 ian 2015

In December, traditionally the best month for retail and consumption, supermarket and hypermarket chains in Romania registered flat or slightly higher sales against the same month of 2013, according more

14 ian 2015

The number of individuals who were more than 30 days late in paying back loans contracted from banks and non-banking financial institutions climbed to 713,000 in late November 2014, meaning a leap of more

13 ian 2015

Several real estate developers in Romania will seek to attract financing of around EUR300 million this year to take their mall or office projects further, with the biggest funds being needed for the more

13 ian 2015

Medicover, the largest foreign investor in Romania’s healthcare sector, is mulling acquisitions this year and targets strong expansion, as it will also invest in new clinics. more

13 ian 2015

Romania’s furniture industry, mainly dominated by local entrepreneurs, advanced by around 10% in terms of production, exports and imports in 2014, while local sales posted a one-digit increase, more

13 ian 2015

The local construction market, one of the hardest hit during the crisis, further declined last year, by 10-15%, to 8.2-8.6 billion euros, according to data provided by the Romanian Association of more

12 ian 2015

Energy regulator ANRE expects electricity and natural gas consumption to stall this year or even decline slightly amid moves to boost energy efficiency, after electricity demand contracted by 3.8% and more

12 ian 2015

The price of a liter of gasoline went below the threshold of RON5 in Bucharest, after an over 20% decline from the July peak. While this is good news for drivers, analysts are warning there are also more

9 ian 2015

The Romanian currency fell by 32% against the euro in the past seven years, while overall inflation stood at 46% during the same period, with companies that operate exports and that have propped the more

9 ian 2015

The drug market is likely to rise by 2-3% this year, when it may go beyond RON12 billion, according to ZF calculations based on the expectations of the main players in this industry, after a difficult more

9 ian 2015

Germany’s discount retailer Lidl, which entered Romania officially in 2011 by taking over Plus store network, plans to open over 10 new stores locally this year, with the network due to go beyond more

8 ian 2015

Craiova-based window and door system producer Casa Noastra, which sells QFort brand, ended 2014 with revenue worth almost 160 million lei (EUR36 million), up 13% from 2013. more

8 ian 2015

Brasov-based dairy producer Prodlacta generated revenue worth over 41 million lei (EUR9.3 million) in 2014, up around 60% on the year. For 2015, the company plans to further bolster sales and go into more

8 ian 2015

Businessman Marius Cristescu, who controls, together with his brother, Emil Cristescu, Bega Turism company, the largest tourism company in Timis county, managing three hotels in this area, says he more

8 ian 2015

More than 70% of the monthly consumption expenditures of a Romanian household go to food, utilities and fuel. Conversely, the least money, 0.5%, is spent on education. more

8 ian 2015

US-Asian investment fund Pinebridge, owner of Digital Cable Systems (AKTA), the biggest independent player on Romania’s cable TV market, reportedly rejected takeover bids of around EUR100 million more

8 ian 2015

Germany’s Metro Cash&Carry, which opened the gates of modern retail in Romania in 1996, opened its first own store under LaDoiPasi brand, thus entering the segment of retail. more

7 ian 2015

Polisano drug wholesaler, part of the Sibiu group of the same name, in the last week of 2014 signed an agreement for a EUR10 million (RON44 million) loan with Eximbank, for working capital. In the more

7 ian 2015

Hidroconstructia, one of Romania’s largest builders, which is carrying out contracts worth above $200 million in the Kurdish area of Iraq, is having trouble completing projects in this country more

7 ian 2015

Banks in Romania slowed down balance sheet cleanup at the end of last year, with the weight of bad loans stagnating at 15.3% of the total loan volume in October, according to BNR data. Against the more

7 ian 2015

Romanian executive Adrian Vasiliu, appointed at the helm of drug wholesaler Europharm Distributie in early November 2014, after spending the previous five years in Africa working in consumer goods more

7 ian 2015

Dan Sucu, owner of Mobexpert group, estimates the Romanian furniture market, valued at over RON2.5 billion, expanded by 6-7% in 2014 on a “certain deicing” of the real estate market, with the best more

7 ian 2015

EnergoBit Cluj, a major supplier of equipment and services for the energy field, controlled by Polish investment fund Innova Capital, bets on an 8-10% revenue increase this year, on export contracts more

6 ian 2015

US company Uber, which in five years launched, in over 200 cities worldwide, a smartphone application connecting users and transport services providers, is likely to launch its Romanian operations more