12 feb 2015

Almost 1 million hectoliters of wine are sold annually in modern retail networks, accounting for 40-50% in total volumes sold in Romania, according to a ZF estimate based on data from winemakers. more

11 feb 2015

Considering the current structure of its hotel market, Romania has solid prospects for the development of hotels under international brands, says Gilles Clavie, chief executive officer of Poland’s more

10 feb 2015

Asking prices for old three-room apartments in Bucharest rose by around 2% in the first month of this year, after owners hiked prices particularly in the better areas of the city, such as 1 Mai, 13 more

10 feb 2015

Romanian tractor producer IRUM, controlled by Oltean family, expects its revenue to rise by 15% this year against 2014, mainly on sales network expansion. more

10 feb 2015

Polish investment fund Innova Capital mulls listing bottled water wholesaler La Fantana, which it controls, on the Bucharest bourse, and hired Ipopema Securities to handle the deal, according with more

10 feb 2015

State-run airline Tarom, placed under private management, further operates a motley fleet made up of 24 Airbus, Boeing and ATR aircrafts, while its fleet homogenization process is still in the stage more

10 feb 2015

The number of SRL-D-type companies (businesses set up by young entrepreneurs) went beyond 17,000 in late 2014, after an over 50% increase against 2013, according with Trade Registry data. more

9 feb 2015

Representatives of the Bucharest Stock Exchange, together with Romgaz and Electrica executives, brokers and investment bankers, were in London last Friday to promote themselves in front of funds more

9 feb 2015

The ten most expensive luxury cars ordered in the past year in Romania and which are to be delivered in 2015 are worth nearly EUR2 million, and the most expensive of them is a Lamborghini Aventador more

9 feb 2015

The total area of Bucharest’s 50 largest business centers stands at almost 1.5 million square meters, accounting for around 70% of the capital city’s office stock. Foreign groups rule in this more

9 feb 2015

Romania’s power distribution and supply group Electrica (EL.RO) and oil transporter Conpet (COTE.RO) are, separately, interested in acquiring some assets in the Republic of Moldova, market sources more

6 feb 2015

Italian-held farm machinery producer Maschio-Gaspardo Romania, which owns a plant in Chisineu-Cris locality of Arad county, has budgeted investments worth EUR2.5 million this year to expand the more

6 feb 2015

The start of the EUR1 billion investment in a new coal-based station in Rovinari is still being delayed as the project company is not due to be set up earlier than April. According with initial more

6 feb 2015

The field of office furniture has very good prospects this year and in 2016 owing to companies mainly developing outside Bucharest, says Christopher Weller, managing partner of office furniture more

5 feb 2015

NHR Agropartners, a company owned by Austria’s VA Intertrading and the local wholesaler of New Holland equipment, in 2014 sold 450 tractors in Romania, namely a 25% share of the market put at 1,800 more

5 feb 2015

Romania’s cement market, a key indicator of the trend of the construction field, in 2014 rose by 5-6%, reverting to the level of 2012, when total output amounted to 7.6 million tons, according with more

5 feb 2015

Swedish group Skanska, developing Green Court Bucharest business park in northern Bucharest, rented a 920-sqm space in the second building of the project to HR company Adecco and is in advanced talks more

5 feb 2015

Danish-held Lego, which entered directly in Romania in 2011, have become the second most important traditional toy and game brand in Romania by market share, according with information provided by more

5 feb 2015

Neamt-based PVC joinery producer Izotec Group, controlled by Ciprian Chelariu and Sorin Sarbu, in 2014 sent around EUR500,000-600,000 worth of windows and doors abroad, the equivalent of 10% of 2014 more

4 feb 2015

Romanian lawyer Valeriu Stoica, who owns Avincis winemaker together with his wife Cristiana, says he delivered 12,000 bottles of wine to China in 2014, and now his winery has orders from Sweden and more

4 feb 2015

Aridon company of the Republic of Moldova, which owns the franchises of fashion brands Levi’s and Celio* in Romania, plans to expand on the local market and wants to reach 16 stores in three years more

4 feb 2015

Oresa Ventures Romania wants to seal two deals each year and its strategy is to reach 8 companies, the best portfolio size for a market such as the local one, says Cornel Marian, managing director of more

4 feb 2015

Primavera Development, a company controlled by Tanasoiu family and Dutch-born Eelko Kortaweg, will start developing its first housing project this year, in northern Bucharest. It also plans to open more

3 feb 2015

The non-prescription drug (OTC) market rose by over 10% last year, but the average annual growth pace will go down to 4-5% as people’s incomes are not expected to register significant increases, more

3 feb 2015

Can-Pack Romania, the only Bucharest plant manufacturing aluminum cans for beer and soda, ended 2014 with revenue of more than 315 million lei (EUR71 million), after selling 850 million metallic cans. more