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

27 mar 2015

British retailer Debenhams has returned to the Romanian market, under the same, franchise, system, after an almost two-year break, with a store in Vitan Mall. The new franchisee wants the average cash more

27 mar 2015

Preparations for the biggest leu-denominated bond offering on the local capital market have entered the finishing straight: the prospectus is almost ready and subscriptions are likely to start in one more

27 mar 2015

Accor plans to buy several hotels in three key cities in Romania, a country the French see as interesting for investments also owing to the results of Renault’s Mioveni plant, says Laurent Picheral, more

26 mar 2015

Sun Pharma group, founded by Dilip Shanghvi, one of India’s wealthiest businessmen, generates sales of over $100 million in Romania, the second largest market in Europe after Russia. Romania is also more

26 mar 2015

German-held retailer Kaufland, present in Romania for one decade, is set to open a new store in Bucharest, in Ferentari, on the land plot of the former Fapiro plant. more

26 mar 2015

Austrian group S Immo, owner of the Sun Plaza shopping center in southern Bucharest, plans to expand the mall in the space previously occupied by a Mobexpert store that was shut down in the summer of more

26 mar 2015

Mariana Gheorghe, Romania’s most powerful executive, will remain at the helm of Petrom until 2019, after she got another four-year term, the third one after she was appointed in this position in more

25 mar 2015

Immochan, the real estate arm of Auchan group, will open shopping center Coresi on Brasov’s Tractorul platform this Friday in the wake of investments worth EUR60 million. Tatian Diaconu, the 37-year more

25 mar 2015

Businessman Florin Pogonaru’s family, which plans to develop a shopping center called Veranda on a 4.5-ha land plot close to Bucharest’s Piata Obor, launched the auction for the selection of a more

25 mar 2015

Romania produces just half a billion lei worth of detergents a year and over 80% of the market is concentrated in the hands of only nine players out of a total of 201 companies. Moreover, the market more

24 mar 2015

Marco Hobl, 39, was appointed this month at the helm of Kaufland Romania, the leading retailer on the Romanian market. more

24 mar 2015

The Romanian book market revolves around EUR100 million and over 20% come from online sales, one of the most dynamic segments of modern retail at present, according to Tudor Benga, chief executive more

24 mar 2015

Casa de Insolventa Transilvania, the judicial administrator of builder Alpine SA, put up for sale assets with a starting price of EUR7 million of the Austrian-held company, which is under insolvency more

24 mar 2015

German giant Deutsche Telekom (DT) is interested in acquiring in Romania the minority stake in former Romtelecom, one of Romania’s biggest hardline telephony, Internet and TV providers. more

23 mar 2015

Romanian state-run airline Tarom ended 2014 with a loss of 119 million lei (EUR27 million), just 8% lower than in 2013, and expects to register a negative result in 2015 as well, at RON8 million, more

23 mar 2015

Dedeman, the biggest Romanian-held do-it-yourself retailer, reported revenue of EUR767 million in 2014, up 26% on the year, and Dragos Paval, the company’s president and majority stakeholder, more