26 iun 2014

Around 20% of the almost EUR3 billion negative figure registered by the companies with the 100 widest losses in the economy last year were reported by banks and insurance companies, which virtually more

25 iun 2014

Colliers International, one of the largest real estate consultancies in Romania, plans to double its team of consultants and brokers in the office department and triple revenue generated from this more

25 iun 2014

Agribusiness group Agricover has entered the market of vegetable procurement from seven basins including Vidra, Izbiceni, Dracea or Lunguletu, and targets revenue of EUR12 million from the more

25 iun 2014

It’s been almost one year since Ludwik Sobolewski took over the reins of the Bucharest Stock Exchange (BVB) and during his period, the bourse’s liquidity has increased by 30%. more

25 iun 2014

French group Carrefour is expanding further on the hypermarket segment in Romania and is set to open two large stores in southern Bucharest and in Targu-Jiu in the next three months. more

24 iun 2014

Romanian sales of passenger cars with engines below 1.2 liters rose over 60% on the year in the first five months of 2014, to over 3,000 units, according to car dealers’ data. more

24 iun 2014

ArcelorMittal Galati and Alro slashed their headcount by 74% and 33%, respectively, since privatization until 2013, with over 21,000 people losing their jobs. However, they are set to benefit from more

24 iun 2014

International retailers have started tapping rural areas, small domestic entrepreneurs’ “last bulwark” in recent years, and stores’ wider product range and lower prices are helping modern more

20 iun 2014

New office spaces with an area of around 130,000 square meters have been completed in Bucharest over the past six months, with almost half of these being vacant, and developers have new projects more

20 iun 2014

Electrica, a company which is now selling 51% of its share in the largest ever public offering on the Bucharest stock exchange, aims to invest 6.27 billion lei (EUR1.4 billion) by 2018 in energy more

20 iun 2014

The Romanian state is already owing almost EUR200 million to renewable energy investors, representing the value of green certificates investors should have received between July 2013 and April 2014 more

19 iun 2014

Fee income cashed in by brokers from insurance companies rose by 7.5% in the first quarter of this year, half the pace registered in the same period of last year, while the value of brokered policies more

19 iun 2014

The hotel complex formed by Ramada Plaza and Ramada Parc, part of Parc Hotels group, completed investments of almost EUR4 million in an over 3,000-sqm wellness club in northern Bucharest. more

19 iun 2014

The future of private healthcare in Romania will be specialization on niches, where founding physicians will leave business management to the management team and the business will be built on private more

19 iun 2014

Italian-held Maschio Gaspardo, the largest producer of farm machinery in Romania, is to get state aid worth EUR4.7 million, representing 49% of the value of investments at its plant of Chisineu-Cris, more

18 iun 2014

Chipita Romania, the producer of sweets brand 7Days, ended 2013 with revenue of RON302 million (EUR68 million), up 13% on the year, according to ZF calculations based on public data. more

18 iun 2014

Romanian insurance companies sold policies worth 112 million lei (EUR25 million) on foreign markets in the first three months of 2014, up 25% from the same period of last year, according to data more

18 iun 2014

Timisoara-based Rus Savitar-Casa Rusu group, with operations in the furniture industry, saw revenue go up by over 30% on the year in January-March, on the rising production capacity and product range more

18 iun 2014

Each of the 79 employees US giant Colgate-Palmolive has in Romania contributed 3 million lei (EUR670,000) to the company’s revenue. Thus, the company saw its productivity triple during the crisis. more

18 iun 2014

Deprived of access to hydropower at preferential prices and exposed to a falling demand, Romania’s ten largest private energy traders ended last year with revenue of around EUR1.1 billion, down 20% more

17 iun 2014

Given its declining natural gas consumption amid falling demand from industry, Romania is “hedged” against possible halts in deliveries of Russian gas transiting Ukraine. more

17 iun 2014

Romania’s wheat exporters delivered 4.7 million tons this season (ended on June 30), 87% of which outside the European Union. more

17 iun 2014

Life insurers’ clients canceled policies worth 92 million lei (EUR21 million) in January-March 2014, down 21% from the same period in 2013, according to data provided by the Financial Supervisory more

17 iun 2014

Group Schweighofer, the largest business in Romania’s wood processing industry, buys 2.4 million cubic meters of wood from Romania annually, a level that has remained constant in the past years, more

17 iun 2014

Softnews Net, the company behind the software distribution platform softpedia.com owned by Bogdan Gheorghe and Catalin Garmacea, registered net profit of EUR2.6 million in 2013 amid revenue of EUR4.9 more