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

18 iul 2014

Romania has just 102 toy producers left, with overall revenue of RON134 million (EUR30 million), with the 20 largest of them contributing over 90% of total revenue, according to Trade Registry (RECOM) more

18 iul 2014

In 2008, the group built in Bihor by brothers Ioan and Viorel Micula generated almost one billion euros in revenue. In 2013, two of the largest companies part of the entrepreneurs’ food empire, more

18 iul 2014

Bali island is barely visible on the world’s map. But it is inhabited by 3.9 million people and in the touristic season another 3 million people from all around the world come to relax on the former more

18 iul 2014

Heidi Chocolat, Romania’s biggest chocolate exporter, will focus on boosting exports in the coming period, a segment that now brings 50% of the company’s EUR17 million revenue, says Franco del more

18 iul 2014

Spanish-held developer Gran Via started works for another two apartment blocks in western Bucharest after completing works on a first building several months ago, as it secured financing from Garanti more

18 iul 2014

The Sun Plaza mall of Bucharest’s Berceni district posted revenue of EUR15.9 million last year, up 2.5% compared with 2012, cementing its third position in Bucharest malls’ ranking. more

18 iul 2014

Romania’s 20 largest pawn shop networks, included in the category of non-banking financial institutions supervised by the central bank, reported revenue worth 370 million lei (EUR84 million) and more

17 iul 2014

Romania’s clunkers scheme must be modified starting next year so that it may primarily sustain cars with low pollution levels and only then focus on driving used cars out of the market, the head of more

17 iul 2014

Vector Watch, a start-up set up in 2013 by Andrei Pitis, president of the Software Industry Association (ANIS), which plans to launch a smartwatch entirely conceived in Romania globally by yearend, more