25 iul 2014

US giant General Electric will operate exports worth $110 million from Romania this year, almost 60% higher than last year’s, with the main growth driver being the takeover of Lufkin group’s oil more

24 iul 2014

Romania’s fashion market is dominated by international brands such as Zara, H&M or C&A, which, with several tens of stores, generate revenue of tens of million euros each. At the opposite end, more

24 iul 2014

La Fantana and Cumpana, the two largest players on Romania’s watercooler market, hold together over 90% of this segment, which secures water through 126,000 units in office spaces or homes, reveals more

24 iul 2014

Aged between 34 and 46, these four Romanians are handling marketing budgets worth tens of million euros of foreign producers in Romania’s beer industry. more

23 iul 2014

Romanian President Traian Basescu is a bourse investor, holding 2,948 Romgaz (SNG.RO) shares worth 105,803 lei (EUR24,000). Another $36,000 were placed by the President in state paper. more

23 iul 2014

The World Bank/IFC, the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) extended loans of around EUR400 million in the first year-half to Romania’s more

23 iul 2014

Standard rates for mortgage loans in lei have become cheaper than foreign currency mortgages, following the interest rate decrease on the Romanian market. more

23 iul 2014

The 20 largest consumer goods producers in Romania posted last an aggregated revenue of 23.8 billion lei (EUR5.4 billion), up by 1.5% against 2012 and 37% higher than in 2008, the last year of solid more

23 iul 2014

“We export nice quantities,” says Octavian Lohan, member of Transelectrica managing board and the one who runs Romania’s Energy Center, the brain of the domestic electricity grid. more

23 iul 2014

The 4-star Iaki hotel in Romania’s seaside resort Mamaia, owned by former soccer international Gheorghe Hagi, has all its rooms booked until the first week of September. The price of a double room more

23 iul 2014

Austria’s OMV, which controls Romania’s leading oil and gas company Petrom (SNP.RO), invested EUR41 million to start activities at the OMV Petrom Global Solutions service center of Romania. more

22 iul 2014

RCS&RDS, the largest group on Romania’s TV services market, in June took over the entire stake in cable company Vesatel, which operated in Reghin, Mures county, from former senator Petru Basa and more

22 iul 2014

Austria’s insurer Vienna Insurance Group (VIG), which owns three companies in Romania, allegedly decided to embark upon a new merger on the Romanian market, namely between Asirom and Omniasig, which more

22 iul 2014

French group Renault, which owns Dacia plant in Mioveni, but also has significant commercial and research-engineering operations in Romania's capital city, mulls consolidating its Bucharest operations more

22 iul 2014

Romania’s private healthcare market rose by 8% last year, to EUR550 million, according to data provided by market research company PMR. more

22 iul 2014

This year’s main project for Ponderas hospital of Bucharest will be relocation to a new space, in Herastrau, with an almost double area, says Alina Ambrozie, the chief executive officer of the more

22 iul 2014

The managers of investment funds East Capital and BlackRock, which are among the biggest foreign investors in Romanian stocks, expect the Bucharest market to be among the those that will stand to gain more

21 iul 2014

In the first six months of this year, Romania cemented its position of net electricity exporter, with an export/import ratio of 4.5 to 1, as domestic energy overproduction found an outlet in more

21 iul 2014

The story of LiveRail, the company Facebook acquired in early July for $500 million, starts with an outsourcing project signed by a British start-up that offered a Cluj-Napoca-based small company, more

21 iul 2014

Market research company GfK Romania is going to develop the office it owns Iasi (northeastern Romania) into a regional hub that will hire 400 people. more

21 iul 2014

Hidroelectrica, Romania’s largest energy producer which went insolvent for the second time in early 2014, ended the first half of 2014 with gross profit of 509 million lei (EUR115.6 million), a more

21 iul 2014

In just 15 months, Romania’s do-it-yourself (DIY) market has undergone radical change, as four groups--Bricostore, Praktiker, BauMax and OBI--decided to leave, another two players, Britain’s more

21 iul 2014

U.S. coffee shop chain Starbucks, present in Romania since 2007, wants to double its network in Romania by the end of 2015, and reach at least 18 units. more

21 iul 2014

Gorj and Iasi lead by far in the ranking of Romania’s counties with the highest level of retail and corporate loans against the sums in current accounts and deposits set up with banks. The more

21 iul 2014

Most insurance companies in Romania in 2013 took the downsizing process imposed by the crisis further and closed down almost 150 units of their territorial network and 1,000 people left the market, more