17 iul 2014

Romanian entrepreneur Sorin Minea and Switzerland’s Angst family are in talks with several retail networks including Mega Image for the sale of Angst stores or the sealing of a partnership for a more

17 iul 2014

Pfizer will continue to invest in the medium-sized production facility it owns in Cluj, northwestern Romania, according to Nolan Townsend, the American who arrived in Romania in May to take over the more

16 iul 2014

Romania’s mobile telephony market is in a much better condition than 3-4 years ago, as retail clients consumed more and the economy’s revival can be felt in the industry, Jean Francois Fallacher, more

16 iul 2014

At the exit way from Brasov to Sighisoara, in Halchiu, a “trio” of giants that built plants from scratch arises. This includes Greek-held Olympus, which produces cheese, yoghurts or milk under more

16 iul 2014

Building material producer AdePlast, controlled by businessman Marcel Barbut, renounced the EUR7.3 million state aid it got last year for the construction of a stone wool plant, an investment that more

16 iul 2014

Complexul Energetic Oltenia reported revenue of around 1.25 billion lei (EUR284 million) and net profit worth RON15 million for the first half of this year. One of 1H’s novelties was the setting up more

16 iul 2014

Shopping center owners find it hard to fill 130 stores as the number of retailers boasting nationwide coverage is small and a large part of them are not expanding at the moment, says Tatian Diaconu, more

15 iul 2014

Romanian medicine plant Europharm, owned by GlaxoSmithKline (GSK) which plans to close it by the end of next year, generated overall revenue worth EUR576 million and net profit of EUR28 million in the more

15 iul 2014

Small and medium-sized enterprises (SMEs), the sector that is supposed to fuel the economic growth, are a priority only in politicians’ statements. In figures, Romania ranks 26th in the EU by the more

15 iul 2014

At the end of April, banks in Romania had medium and long-term deposits set up by non-residents, particularly forms of support from parent banks, worth EUR6.54 billion, which was about EUR90 million more

15 iul 2014

The decision of Italy’s Enel to sell its Romanian energy distribution and supply operations is likely to strengthen the position the Romanian state has in this field should Electrica be interested more

15 iul 2014

US hedge fund Elliott, run by Paul Singer, called the Wall Street vulture, has gained 1.2 billion lei (EUR270 million) on Proprietatea Fund stock in the past four years. more

15 iul 2014

Belgium's group Atenor, which completed its first project in Romania this spring, an office building in Hermes Business Campus of Pipera, is to start this autumn works for the second building of the more

15 iul 2014

The 50 largest non-banking financial institutions (NBFI), largely consumer lending companies, in 2013 reported overall profit worth 144 million lei (EUR33 million) amid revenue of RON2.9 billion more

15 iul 2014

Bucharest no longer has any plant employing at least 1,000 people, according to a ZF survey based on Trade Registry data regarding the 500 largest employers headquartered in Romania’s capital city. more

14 iul 2014

France is the fourth largest investor in Romania, with EUR5.2 billion worth of investments. It is also Romania’s fourth largest trade partner, with commercial exchanges going constantly up and more

14 iul 2014

Demand for large loans, largely corporate ones, advanced by just 12,000 applications in the first five months compared with the same period of last year, with banks requesting 439,000 reports from the more

14 iul 2014

Around 300,000-350,000 tablets were sold in Romania in the first six months of this year, up over 50% from the same period of 2012, and the market will further expand to around 800,000 or even one more

14 iul 2014

The good signals given by first quarter economic growth or consumption increase are set to become visible in Romanians’ pockets as late as one year from now, says Florin Radulescu, general manager more

14 iul 2014

“Do your daily shopping at small merchants. Buy bread, milk and Coca-Cola”. This is the latest campaign of US giant Coca-Cola encouraging Romanians to continue going shopping in traditional more

27 iun 2014

The Credit Bureau, the institution that collects data on household loans, released five million reports at banks’ request for information on the situation of existent and potential clients in more

27 iun 2014

The best-selling spirits brands manufactured in Romania in 2013 were Tarie de Bihor, produced by Scandic Distilleries, Cava D’Oro, a brand owned by Alexandrion, and Unirea, part of the portfolio of more

26 iun 2014

Sky Tower and Tower Center, Bucharest’s highest office towers, in 2013 generated total revenue worth just EUR2.4 million, though these projects should normally bring rent income worth around EUR12 more

26 iun 2014

Half of Romania’s wheat harvest, which could overpass 7.6 million tons, might reach animal farms as the heavy rains have favored pest attacks. more

26 iun 2014

Consumption in Romania gave the first signs of a rebound this year, as purchases rose by 4.3% in volume in the first quarter, while prices dropped by almost 2%. During previous years, marked by the more