24 sep 2014

Romania in 2013 exported EUR164.6 million worth of detergent, soap and cleaning products, almost 125% more from 2008, the last year of economic boom, according to National Statistics Institute data. more

23 sep 2014

Italian winemaker Marchesi Antinori has completed a EUR5 million investment in Dealu Mare, one of Romania’s main vineyard areas, and expects 400,000 bottles of wine to be churned out in the recently more

23 sep 2014

The almost EUR1 billion investments carried out in the past two years in two of Romania’s largest refineries, Petromidia and Petrobrazi, are likely to completely wean the local market off imports of more

23 sep 2014

The Bucharest Stock Exchange (BVB) launched a new index that will take into account the trend of stocks included in the BET benchmark index, as well as the dividends approved by the 10 most liquid more

22 sep 2014

Sibiu-based construction company CON-A, owned by businessman Mircea Bulboaca, one of the 100 largest Romanian-held companies, had revenues of RON75 million (around EUR17 million) in the first half of more

22 sep 2014

Can Pack Romania, the only Bucharest plant manufacturing aluminum cans for beer and soda, with clients such as Heineken, Bergenbier, SABMiller or Tuborg, ended the first 8 months of this year with more

22 sep 2014

Fair Value, a local company that exclusively implements business software solutions developed by Germany’s SAP, plans to grow its business by tapping foreign markets where SAP leads and where more

19 sep 2014

Health insurance, which has lagged behind on the private healthcare market, had a strong start to the year in 2014, as companies with over 54,000 employees signed contracts with insurance companies. more

19 sep 2014

Romanian state-owned postal operator Posta Romana is preparing for its second privatization attempt. Investors interested in taking over the majority stake in the company must submit non-binding bids more

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