9 iun 2014

The European Bank for Reconstruction and Development (EBRD), one of the largest institutional investors present in Romania, is likely to invest at least EUR50 million in the initial public offering more

9 iun 2014

Romanians have resumed purchases of white goods, such as refrigerators, cookers and washing machines, which shows the local electro-IT market has exited the crisis, says Dragos Sirbu, appointed at the more

6 iun 2014

US giant Procter&Gamble saw its revenue in Romania go slightly down last year, by less than 2%, to EUR336.3 million, amid feeble consumption appetite. more

6 iun 2014

Alexandrion Grup Romania, the largest domestic spirits producer, plans to reach the record figures of the past in about five years, after tapping unexplored segments of the local market, the company's more

6 iun 2014

Online retailer Elefant.ro wants to triple its revenue this year against 2013, to EUR20 million, amid the expansion of its product portfolio, set to turn the business initially started as an online more

6 iun 2014

Businessman Valer Blidar, who owns Arad-based railcar plant Astra Vagoane Calatori, says the company ended the first quarter of this year with profit worth 38 million lei (EUR8.6 million), after the more

5 iun 2014

Romanian banks have left the crisis behind, but moves to reduce paperwork and streamline operations with a view of slashing costs and luring new clients are still scarce and unevenly applied. more

5 iun 2014

Unicarm, owned by Romanian businessman Vasile Lucut, is set to open between 10 and 15 proximity stores and supermarkets this year and go beyond the threshold of 100 retail units almost ten years after more

4 iun 2014

Romanian energy holding CE Oltenia says it’s trying to set up an electricity trading company but it is facing difficulty as Fondul Proprietatea (FP.RO), the company’s minority shareholder, is more

4 iun 2014

The banking system’s profitability figures were deeply corrected downwards from the initial amount reported by the Romanian central bank in the wake of moves by some auditors to revise the figures more

4 iun 2014

Michelin Romania, the company that coordinates both the three tire plants of Romania and the commercial activity of Central and Southern Europe, including the Romanian market, hit a 6-year high in more

4 iun 2014

1Q’s 3.8% economic growth encouraged companies to expand their car fleets, believes Dan Boiangiu, general manager of operational leasing company Arval Romania, which ranks fourth on the market that more

4 iun 2014

In 2013, the largest part of builders operating in Romania saw their revenue and profit slide, as public investments slipped and private companies were wary of undertaking new projects. more

4 iun 2014

Drug sales, which posted annual increases of 20-30% in the past, are likely to go slightly down in 2014, before resuming growth in 2015, but at a much slower pace than in the past. more

3 iun 2014

Germany’s Agrarius purchased a 700-ha farm several km west of Timisoara, expanding its Romanian portfolio by 20%, to 4,200 hectares. more

3 iun 2014

Transeastern Power Trust, a Canadian investment vehicle recently listed on the Toronto stock exchange, completed the acquisition of 11 small hydropower stations with installed capacity of 5.1 MW in more

3 iun 2014

The “bricks” of toy producer Lego are now sold in 200 stores in Romania, led by hypermarket chains and specialized stores, around two years after the Danish giant’s direct entrance on the more

2 iun 2014

Real hypermarkets reported losses of almost 304 million lei (EUR68.7 million) last year, the steepest since the company entered the Romanian market in 2006, according to Trade Registry data. more

2 iun 2014

Tire producer Pirelli Tyres Romania has planned investments of EUR105 million in its plant of Slatina in the 2013-2017 period, a sum to which the Romanian government contributed EUR35 million. more

2 iun 2014

Ferrero Romania, the domestic subsidiary of Italy’s sweets producer, has in recent years become one of the largest players in the chocolate industry, with revenue of around EUR42 million in 2012, more

2 iun 2014

Consumption gave real signs of a rebound in 2014, with visible effects both in stores and in Bucharest’s old town, as well as in real estate, says Jean Baptiste Dernoncourt, the head of more

2 iun 2014

Lukoil Romania, which owns a 300 filling station network, saw revenue tumble by over 17% last year, after the Russian-held business had advanced gradually since 2009, getting beyond the level reported more

2 iun 2014

Steinhoff group, owner of kika furniture and home décor stores, appointed Akos Forras, currently the chief executive officer of Hungary’s Quattro Mobili retailer, at the helm of the Bucharest unit. more

2 iun 2014

Martin Schuldt, the head of Cargill, left Romania at the end of last week after an almost 10-year term at the helm of Romania’s biggest agribusiness group. more

1 iun 2014

Enel, Romania’s largest private electricity distributor, in 2013 reached revenue of almost EUR1.5 billion, up 7% on the year. The figure represents the total revenue derived by the companies through more