3 apr 2015

Grup Feroviar Roman (GFR), the largest private railway freight transporter in Romania, part of Grampet group, generated revenue worth around 696 million lei (EUR155 million) in 2014, down 5% in lei more

3 apr 2015

Low-cost airline Ryanair will come to operate flights to seven destinations from Bucharest’s Henri Coanda airport by yearend and wants to carry 700,000 passengers per annum in Romania. more

2 apr 2015

Bancpost, the Romanian subsidiary of Greek group Eurobank, has finalized the restructuring process through which it shut down a quarter of its branch and agency network last year and in 2015 expects a more

2 apr 2015

German retailer Lidl, present in Romania since 2011 when it took over Plus store network, is set to hire around 250 people this year, thus going beyond the 4,000-employee mark. The company will more

2 apr 2015

CFR SA, Romania’s state-owned railway company, has budgeted investment expenses worth 3.8 billion lei for 2015, more than double the 2014 level, according to Transport Ministry data. In 2014, the more

2 apr 2015

Kastamonu Romania wood processing company, part of the Turkish group of the same name, expects exports to go beyond EUR100 million this year, up 17% on 2014, with deliveries abroad set to weigh 70% in more

2 apr 2015

NEPI, Immofinanz, AFI Euroe and Globalworth are now the four biggest foreign investors on Romania’s real estate market, with the four groups having assets worth EUR3.3 billion in their portfolio, more

2 apr 2015

The share capital of Romania’s companies increased by 34% in the past eight years, to almost 300 billion lei in 2014, a period during which the weight of foreign investments rose from 22% of the more

1 apr 2015

French cosmetics producer L’Oreal enters the Romanian retail market with a store under Kiehl’s brand, a US premium cosmetics name. The store will be opened in shopping center AFI Palace Cotroceni, more

1 apr 2015

Adria and Frutti Fresh, owned by European Drinks, the company of Micula brothers of Bihor, kept close to Coca-Cola and Pepsi in 2014 as well in terms of volumes sold on the local market of soft more

1 apr 2015

3% annual economic growth, political stability, further privatizations and high dividend returns, these were the strengths the Bucharest Stock Exchange brought forward in a bid to promote itself in more

1 apr 2015

The bill Romania paid in 2014 for Russian gas imported through intermediaries from Gazprom stood at $117 million, over four times lower than in 2013 and 14 times less than in 2008, a year when Russian more

31 mar 2015

The trend of pubs and restaurants closing across Europe as a result of lifestyle changes and smoking bans was accelerated by the challenging economic conditions. The trend has been visible in recent more

31 mar 2015

India’s giant Wipro invested EUR5 million to expand the hydraulic cylinder plant it took over in Ramnicu-Valcea in February 2013. more

31 mar 2015

The expansion of the shadow banking system comes as a reaction to the global financial crisis and to restrictions imposed on banks and it cannot said to be good or bad, but a necessity and the more

31 mar 2015

Pitesti-based group Lazar, one of Romania’s biggest entrepreneurial businesses in the field of freight transport, ended last year with revenue of EUR90 million, slightly down on the year, but more

31 mar 2015

Litigation with the thousands of employees who left the company, the lower-than-expected results of some investments and the failure of some exploration and production projects were the elements that more

30 mar 2015

The local economy needs several leading companies, top performers in their field, which should also be known internationally, to support the country’s exports and image, in the context where Romania more

30 mar 2015

U.S. pharmaceutical company Mylan, which was not directly present in Romania, gained the 20th position in the local pharma players’ ranking after the acquisition of Abbott drug division outside the more

30 mar 2015

The average occupancy rate of Bucharest hotels rose by 9.3% last year, to 63%, with the Romanian capital city boasting one of the biggest increases of this indicator among ten states of southeastern more

30 mar 2015

U.S. giant McDonald’s, a symbol of American capitalism, has sold its Romanian business to a Russian entrepreneur who will thus take over the master franchise of the almost 70 restaurants with more

30 mar 2015

Romanian Marcel Cobuz, former CEO of the subsidiaries of Indonesia and Iraq of French cement producer Lafarge, and one of the promoters of BVB development, is handling the pre-integration of French more

28 mar 2015

Romania produces just RON222 million (EUR50 million) worth of perfumes and cosmetics and the biggest player, Farmec Cluj Napoca, generates alone 62% of the total. more

28 mar 2015

Romania’s underground still conceals over $200 billion worth of oil, even after 150 years of production, but increased competition, through the emergence of several small players, is needed to take more

27 mar 2015

Danish-held FirstFarms, one of the biggest Danish investors in Romania’s agricultural production, in 2014 generated revenue of EUR5 million, up 15% on the year, but saw gross profitability dwindle more