22 apr 2015

April 23 is the last day participation intentions and non-binding bids can be field for the acquisition of Crisana refinery, with around 10 companies being interested in taking over this asset located more

22 apr 2015

Checks and promissory notes worth 2.3 billion lei (EUR520 million) bounced in the first three months of this year, 44% above the level of 1Q, 2014, as banks could not find enough cash in the accounts more

21 apr 2015

Romania’s cosmetics market rose by 4.4% last year, the strongest growth in the region, but it’s still a small “brick” in total cosmetics sales in Central and Eastern Europe, which market more

21 apr 2015

A group of 16 farmers of Arad invested EUR2 million in a dairy plant in the same county, which now produces over ten sorts of cheese for Romania’s biggest modern retailers. Cris Sib Lacto plant of more

21 apr 2015

Bucharest’s five-star hotel Radisson Blu and the land plot known as Casa Radio project are the most important assets controlled in Romania by Israeli billionaire Mordechay Zisser, through Elbit more

21 apr 2015

Companies operating in Romania’s architecture field posted total revenue worth 869 million lei (almost EUR200 million) in 2013. Over 4,700 companies operate in this field, with 3,500 posting revenue more

20 apr 2015

Raiffeisen, a top five player in Romania’s banking system, will pay shareholders dividends worth 300 million lei (EUR68 million) from last year’s net profit, 14% above the sum disbursed from 2013 more

20 apr 2015

Ten farming investors in Romania acquired a total of 300 hectares of arable land in the January-March period and the first days of April in EUR1 million worth of deals, at an average paid price of more

20 apr 2015

In a system that has been underfinanced for dozens of years, with frequent legislation changes and which thousands of med school graduates have left for better conditions abroad, patients are put up more

17 apr 2015

Mega Image, the largest network in Romania’s modern retail, is likely to end 2015 with over 500 stores, with a concept exclusively dedicated to the group’s private label Gusturi Romanesti as the more

17 apr 2015

International Finance Corporation, the World Bank’s private investment arm, will announce the granting of funding worth as much as EUR100 million in the next ten days, with the institution also more

17 apr 2015

Romanian shipyard Santierul Naval Orsova (SNO.RO), controlled by three of the five SIFs, expects 20% revenue growth this year amid rising ship production and wider client base. more

17 apr 2015

eJobs, Romania’s largest online recruitment platform, in 2014 generated sales of EUR3 million from recruitment ads posted by companies and from the databases employers seek candidates in, said more

17 apr 2015

Companies in Romania had deposits worth 170 billion lei (EUR38 billion) with local banks at the end of March, down by the equivalent of RON9.5 billion from December 2014, amid the falling interest more

16 apr 2015

Romania’s cosmetics producer Cosmetic Plant, a family business set up in 1991 in Cluj, doubled its revenue during the crisis after reinvesting profits and betting on exports and presence in some of more

16 apr 2015

Almost 400,000 Romanians are registered as self-employed persons (PFA) in the local economy, over 12.5% more than five years ago, according to the latest data published by the Trade Registry. more

16 apr 2015

Romanian brick maker Cemacon Cluj ended the first quarter of this year with revenue of more than RON11 million, a 68% increase compared to the year earlier period though the start of the year is more

16 apr 2015

Romania’s electronics and IT retailer Domo, which underwent five changes of shareholders and an extensive overhauling process, plans to expand along a single store format this year: 10-sqm kiosks more

15 apr 2015

The first quarter of 2015 brought good signs for the construction industry, but for the time being it is hard to say whether the positive trend will maintain during the entire 2015, says Constantin more

15 apr 2015

Romania’s Simartis Telecom, a solutions provider for telecom operators, plans to increase its revenue by over 50% this year amid stepped up sales abroad through its direct sales force, with the more

15 apr 2015

The start of the year brought bad news for Electrica, Romania’s biggest energy distributor, which missed two acquisition opportunities that would have boosted its business and profit at one blow. more

15 apr 2015

Reghin-based tractor maker IRUM is set to open a sales and service center this year in Afumati locality near Bucharest and will invest further to expand its plant of Mures county. more

15 apr 2015

BCR and BRD, the top two banks in Romania by asset size, have granted over 55% of the 130,000 loans approved since the launch of the First Home scheme, in 2009. more

14 apr 2015

A one-year investment in Romania’s sheep farming market means a 1,400-sheep flock, which, left to shepherds, has the capacity to bring returns as high as 37%, reveals a ZF analysis. more

14 apr 2015

The bet on Swiss franc growth and investments on the Austrian bourse were the strategies that brought the biggest gains to mutual funds in Romania in the first quarter, of as much as 34.6% in euros. more