1 oct 2014

Farmec Cluj, the biggest local cosmetics producer, launched a dermo-cosmetics line, under the brand Gerovital H3 Derma A, which it will exclusively sell in pharmacies. more

1 oct 2014

Most money transfers to Romania operated through Western Union were made from Italy, Germany and Spain, and the average value of a transfer is around $300, said Daniela Budurea, Western Union country more

30 sep 2014

Hospitals have not been a winning bet for many private healthcare operators in Romania and the market will be hit by significant insolvencies next year, said Mihai Marcu, managing board president at more

30 sep 2014

Businessman Iulian Dascalu, owner of Iulius Mall shopping center network nationwide and of mixed development Palas in Iasi, started works for a new office building with a rentable area of 15,000 more

30 sep 2014

The European Bank for Reconstruction and Development (EBRD), the international financial institution with EUR6.8 billion worth of investments in Romania, is still interested in supporting the more

30 sep 2014

Italy’s Stefanel, the first foreign fashion brand that bet on the Romanian market in the early ‘90s, says it has 5-6 production partners in Romania, with around 20% of clothes sold at group level more

30 sep 2014

Retail has come to take up one quarter of the over 300 spaces of Bucharest’s old town, an area still dominated by HoReCa units. more

29 sep 2014

Sfetozar Bugarszki, one of the most important individual shareholders of Romania’s cable TV company RCS&RDS, put up for sale, through an announcement published in ZF, a 6% stake in RCS Management, more

29 sep 2014

Supeco Investment company, set up this spring by Carrefour Romania (with a 90% stake) and Artima (10%) late last week opened the first store in Romania, in Ramnicu-Valcea, a unit with a 1,700-sqm more

29 sep 2014

The Romanian bourse ranks 26th in the world in terms of increases reported this year, with a 10.4% return, which places it ahead of the mature markets of the US and Germany. more

29 sep 2014

Four local insurance companies got to hold a position among the region’s biggest 50 insurers by 2013 underwritings, but only one managed to climb one spot against the previous year, according to a more

26 sep 2014

Japan’s car part producer Yazaki is set to open two new production units in Romania, in Braila and Urlati (Prahova county), where it will hire 4,000 people. more

26 sep 2014

The 3,061 companies operating in Romania’s food, beverage and tobacco wholesale sector in 2013 generated overall revenue worth 21 billion lei (EUR4.75 billion), down 6% in lei on the year. more

26 sep 2014

Banks in Romania need to complete balance sheet cleanup and focus on resuming lending, to the end of generating new sources of profitability and sustainable growth. more

26 sep 2014

Analysts’ confidence in the economy weakened further as Romania entered technical recession and amid local political tensions, with both the perception about current conditions and expectations more

25 sep 2014

The Bucharest Stock Exchange (BVB) will have a team of licensed consultants, made up of brokers, consultancies, law firms or auditors, meant to help it attract companies on the alternative trading more

25 sep 2014

Businessman Marius Bucur, who owns Brise Group, the biggest Romanian-held agricultural trader, in August registered NBFI Brise Capital Group. more

25 sep 2014

World Class Romania, the country’s largest fitness chain, saw revenue go up by 44% in the first nine months of this year. A similar increase was registered in terms of the number of members. more

25 sep 2014

This summer’s beer consumption in Romania was weaker than last year’s and there’s little time left until yearend for the first half's declines to be recouped, says Onno Rombouts, president of more

25 sep 2014

Kaufland, the biggest player in Romanian retail, is set to add 7,200 square meters to its warehouse of Turda (Cluj county), the company’s second logistics center after the one in Ploiesti, and is more

25 sep 2014

The falling unemployment rate, but also the declining number of inhabitants (Romania now has below 20 million inhabitants) were two of the factors that led to labor market improvement, so that the more

24 sep 2014

TotalSoft, one of Romania’s biggest software producers, controlled by Greek investment fund Global Finance, is set to increase revenue by at least 15% this year and around one third of revenue will more

24 sep 2014

End-August, banks in Romania had loans granted to individuals and companies worth 213.6 billion lei (EUR48.4 billion), the equivalent of almost RON8.5 billion below the level of the year earlier more

24 sep 2014

Gherla-based Sortilemn furniture producer, a major local supplier of Swedish group IKEA, generated revenue worth EUR22.3 million in the first half of the year, up 35% from the year earlier period, more

24 sep 2014

Mechrom Industry, with two production units in Romania, gets 10% of total raw materials used in bicycle part production from Romania. In three years, though, the local subsidiary of Italy’s group more