19 sep 2014

Romania’s exports of footwear and other leather goods reached EUR2 billion in 2013, with 40% of the sum being generated by exports of local original brands, according to data provided by Sfera more

19 sep 2014

Conpet Ploiesti, the company that manages the system of oil transport through pipelines, considers expanding into warehousing activities, in a bid to generate additional revenue from services provided more

18 sep 2014

Dutch-held company Van Oord, specialized in marine constructions, hired 400 workers, mostly Romanians, to add one kilometer to the dam of Constanta harbor, a contract it won last year and that is more

18 sep 2014

Alba Iulia-based porcelain manufacturer Apulum, controlled by Italian investors, one of IKEA’s main local suppliers, has reached total production capacity of 40 million porcelain items a year but more

17 sep 2014

Agricultural raw material traders in Romania had in July the best month of the past decade, with wheat, barley and rapeseed exports of 1.3 million tons, up 12.3% from July 2013. more

17 sep 2014

Alexandru Rizea, owner of furniture producer Lemet Campina, which operates Lem's stores, says he is now focusing on investments in a new hall, where the company is looking to expand its product range, more

17 sep 2014

Local mutual funds attracted record high net inflows of RON3 billion in the first eight months of this year, a sign Romanians are ever more concerned about falling banking interest rates and finding more

17 sep 2014

Indian-held outsourcing services provider Genpact, with around 2,500 employees in Romania, wants to recruit 400 people by year-end, the company said. Of these jobs, 75% are dedicated to entry-level more

17 sep 2014

Daniel Toma, a former employee of Florin Talpes, the creator of IT security company Bitdefender, set up a business that provides business optimization software solutions, which registers two-digit more

17 sep 2014

The hotel companies controlled by SIF Transilvania (SIF3.RO) and traded on the Bucharest Stock Exchange in 2013 registered overall losses standing at 5 million lei (EUR1.13 million), ten times higher more

17 sep 2014

Banks in Romania had medium and long-term deposits set by non-residents, mostly forms of support from parent banks, worth the equivalent of EUR6.42 billion in late July, EUR150 million above the more

16 sep 2014

Credit Europe, the local subsidiary of the financial group controlled by Turkish billionaire Husnu Ozyegin, ended the first half of this year with a net loss of EUR6.1 million (the equivalent of RON27 more

16 sep 2014

FAN Courier, with revenue of EUR60 million, and Autonom Services (Autonom Rent A Car brand), a EUR12 million business, dominate the local courier and car rental services markets as they were quick to more

16 sep 2014

Carpatica Asig, Euroins and City Insurance lead in the ranking of insurers banking on brokerages for the distribution of their policies, with around 90% of premiums being generated through this more

16 sep 2014

BDG Import, the importer of whisky brand Jack Daniel’s, and Prodal ’94, the producer of Stalinskaya vodka, estimate revenue increases of 8-10% and 3%, respectively, for this year, in a market more

16 sep 2014

Software solution provider Arobs Transilvania is considering an IPO on the Bucharest Stock Exchnage in a bid to fund the purchase of local and regional players. more

16 sep 2014

The French post office, which owns courier services company DPD in Romania, Deutsche Post, present locally through DHL, US-held UPS, which controls the courier company of the same name, as well as more

16 sep 2014

Production of construction materials in Romania in the first six months of this year saw a 9.3% growth compard to the same period last year, according to data provided by national statistics institute more

16 sep 2014

Romania’s insurance industry is lagging further behind the European market as the average budget earmarked for insurance in 2013 stood at EUR92, 21 times less than the EU average, according to data more

15 sep 2014

Telekom Romania, the group that emerged following the rebranding of mobile and fixed telephony operators Cosmote and Romtelecom, does not plan to engage in “price wars”, but will attempt to more

15 sep 2014

For Rompetrol, Romania’s second largest oil group, the option of buying gas filling stations is now more likely because only one of the 15 gas stations the company was planning to open this year has more

15 sep 2014

Dragos Petrescu, one of the best-known entrepreneurs in Romania’s restaurant industry, will invest some EUR3 million to open a boutique-hotel in downtown Bucharest and refurbish Hanu’ Berarilor more

15 sep 2014

The first 6.5 km of the Bucharest-Ploiesti highway, which should link Romania’s capital city to the beltway, no longer have a completion deadline, after Italy’s Pizzarotti, which also built the more

12 sep 2014

The words “mall” and “shopping” entered Romanians’ vocabulary 15 years ago, with the opening, in September 1999, of Bucharest Mall in Vitan district, developed by Turkish group Anchor on the more

12 sep 2014

Tymbark Maspex, a major player on Romania’s soft drinks market, expects revenue to rise by 10% this year, taking further the upward trend of the past six years, according to company information. more