7 apr 2015

BCR Leasing, a top ten player on Romania’s leasing market, forecasts a 50% increase in the volume of granted financing this year, from almost EUR71 million (RON315 million) in 2014, according to a more

7 apr 2015

The judicial administrator of insolvent Hidroelectrica, Romania’s biggest power producer, will propose to the company’s creditors and shareholders the disbursement of dividends accounting for 80% more

6 apr 2015

Romania’s steel pipe maker TMK Artrom (ART.RO) plans to slightly increase production this year, but also sell it for higher prices, thus generating net profit of almost 60 million lei, up 46% more

6 apr 2015

Romania’s TV set market reached 970,000 units last year, up almost 35% on 2013, with the increase mainly due to consumption growth, the Football Championship and discount campaigns organized on more

6 apr 2015

The average asking price of old three-room apartments in Bucharest went down in March for the first time since the start of the year, hitting an average of around EUR75,300, according to ZF real more

6 apr 2015

Romania’s agribusiness company Biochem, owned by Chimisliu family of Constanta, has teamed up for the use of the silo and the 44,000-ton warehouses it owns in Dragalina with US conglomerate Bunge. more

3 apr 2015

Swiss giant Nestle, a major player on Romania’s coffee and sweets market, is tapping the last segment it was not present on in Romania, retail, with a store it is set to open this summer in Calea more

3 apr 2015

Ever fewer brokers are fighting for a bigger slice of an ever smaller pie, the money of investors on Bucharest Stock Exchange. While the market became richer last year in the wake of the biggest IPO more

3 apr 2015

The company’s revenue rose by 4.5% last year, to 1.7 billion lei, below the 7% consumption increase. more

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