24 apr 2015

Cluj-based Terapia, the largest local drug producer, posted net profit worth 86 million lei (EUR19 million) last year, down 21% against 2013. This is the first decline the drug maker has witnessed in more

23 apr 2015

Lukoil Energy&Gas Romania, controlled by Russia’s oil group Lukoil, cashed in the first million euros from solar energy after the company in mid-2014 completed investments in a 9-MW photovoltaic more

23 apr 2015

Romania’s 25 biggest private hospitals operated investments worth above EUR300 million, according to ZF calculations. Most projects were carried out by Romanian entrepreneurs, who set up units worth more

23 apr 2015

Bucharest has the smallest office space stock among the major capital cities of Central and Eastern Europe, of just 2.2 million square meters, half the level of Warsaw, according to a survey by real more

23 apr 2015

Wine market supply has surged in the past seven years, but demand has stalled or inched up, in the context where significant investments in new wineries have been finalized, says Gabriel Roceanu, more

23 apr 2015

The top ten players on Romania’s leasing market, most of them owned by banking groups, in 2014 held an overall market share of 83%, compared with 55% eight years ago, according to data provided by more

23 apr 2015

Romania’s construction field had an earlier start this year owing to the warm weather and cheaper fuel, thus driving the sales of building material producer Prefab Bucuresti (PREH.RO) up by around more

22 apr 2015

The Romanian dairy market will not see major acquisitions considering major players have sufficiently big production capacities to grow on their own, said Jan Willem Kivits, who has run for the three more

22 apr 2015

There is still room for another 5-8 La Mama restaurants in Bucharest, states Catalin Mahu, owner of La Mama restaurant chain and a major entrepreneur in the industry. At present, the network includes more

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