8 sep 2014

Romania’s state-owned airline Tarom carried 1 million passengers on local and external routes in the first half of this year, up 7% from the same period of last year, according to the company’s more

8 sep 2014

The 20 largest pharmacy networks in Romania in 2013 generated overall revenue worth above EUR1 billion, up 10% against 2012, amid the rising number of units. more

8 sep 2014

Over 1.1 million Romanians bought foodstuffs, apparel, cosmetics or home care products on the internet last year. Thus, with just one in 20 Romanians buying FMCG goods online, the local market lags more

8 sep 2014

In the first seven months of this year, almost 50,000 entrepreneurs in Romania bid farewell to the businesses they ran, down just 2% from the same period of last year, according to Trade Registry more

8 sep 2014

Mures, Neamt, Bucharest and Valcea lead in the ranking of counties witnessing the fastest decline in loan overdue installments, with the volume of outstanding payments narrowing by at least 10% in more

5 sep 2014

Bucharest forex market, the biggest local market, in the first eight months of this year registered a deal volume worth EUR245 billion, the equivalent of a daily average of EUR1.53 billion, 7% below more

5 sep 2014

Gregor Aufhauser, the general manager of Societatea Companiilor Hoteliere (SCH) Grand, which manages Bucharest’s five-star hotel JW Marriott, says he’s carrying out the project for the more

5 sep 2014

Romanians annually spend around EUR1 billion in mobile and agro-food marketplaces, namely 7% of the money they spend in food retail, where hypermarket and supermarket chains rule, with an over 40% more

5 sep 2014

Romanian cardboard packaging producer Ecopack Ghimbav, controlled by businessman Vladimir Cohn, counts on a 10% production capacity increase after the company completes, this autumn, an investment in more

5 sep 2014

Bucharest’s four-star hotel Howard Johnson, with a capacity of 285 rooms, ended the first six months of this year with 10% higher revenue against last year amid the rising demand for accommodation more

5 sep 2014

Piraeus Bank, a Greek-held medium-sized player in Romania’s banking system, in January-July 2014 released retail loans matching the value of loans granted in the entire 2013 and reached monthly more

4 sep 2014

Bucur Obor, a precursor of today’s malls which opened more than 40 years ago in Bucharest, will undergo refurbishing works this year. The basement will host a discounter, while fashion stores of more

4 sep 2014

The production of Sandero, Dacia’s best-selling model in Europe, at the carmaker's Romanian factory fell 61% in the first seven months against the same period of 2013, to less than 30,000 units, more

4 sep 2014

Rus Savitar-Casa Rusu group, a business in the furniture industry, controlled by Rusu family of Timisoara, plans to open another six stores in the 2014-2015 period, lifting its network to 33 units. more

4 sep 2014

The 1,600 drug wholesalers registered in Romania generated overall revenue of 23.4 billion lei (EUR5.3 billion) last year, up 60% against 2008, the best year for the Romanian economy. more

4 sep 2014

Romanian leading oil company OMV Petrom (SNP.RO) says that certain filling stations that do not meet the company’s standards in terms of sales volumes are likely to be sold, and, according to market more

4 sep 2014

Brasov-based Visual Fan, which sells various electronics under the Allview brand, sold 350,000 tablets and smartphones in the first half, from 150,000 units in the same period of last year, according more

3 sep 2014

Banks in Romania continued to reshuffle their territorial networks in the past year, but fewer units were closed down, a sign that bankers do not want to risk having too few units when lending starts more

3 sep 2014

The first six months of 2014 brought a record in terms of Romania’s energy exports, with domestic producers sending over 3 terawatt hours of electricity abroad, the highest level since 2007, the more

3 sep 2014

Alba-based Supremia Group, a food ingredient producer controlled by entrepreneur Levente Bara, Suceava-based Betty Ice, the second largest producer of ice-cream owned by Vasile Armenean, and Sonimpex more

3 sep 2014

Cristian Rey, a veteran of the consumer goods industry, left Intersnack Romania’s management after 16 years. For the moment, he is taking a break and then is set to return to the FMCG industry. more

3 sep 2014

One third of the 100 largest players in Romania’s processing industry in 1994 no longer exist or have zero revenue, and 15 of them have revenue of below $10 million, reveals a ZF survey based on more

2 sep 2014

German-held retailer Kaufland, the biggest player in Romanian retail, opened its first small format (around 2,000 square meters) store in Romania. The store was opened in Gherla locality of Cluj more

2 sep 2014

RCS&RDS, the biggest player on Romania’s cable TV market, continues to buy smaller players in the industry, having gained around 50,000 subscribers through these deals since the beginning of the more

2 sep 2014

Romanian electricity distributor and supplier Electrica (EL.RO), listed on the Bucharest stock exchange in July following a 1.9 billion lei (EUR432 million) initial public offering, is likely to be more