23 dec 2014

Real estate developer Adama, owned by Austria’s Immofinanz group, sold almost 200 apartments this year and readies to start works on a 77-apartment block in Berceni district of southern Bucharest. more

23 dec 2014

US fast-food chain Burger King has already set its plans for its second try on the Romanian market: 30 restaurants for the next four years and investments of several million euros, according to local more

23 dec 2014

Checks and promissory notes worth 807 million lei (EUR180 million) bounced last month, 55% above the level of the same period of last year, according to central bank data. The payments bounced as more

23 dec 2014

Tiriac Imobiliare, the real estate unit of businessman Ion Tiriac, is set to invest EUR30 million in an office building in Buzesti street, near Bucharest’s Victoriei Square. more

23 dec 2014

Eight months after taking over the reins of Vodafone Romania, Ravinder Takkar says the priorities set for the company were the right ones, and that these are the main targets for 2015 as well. One of more

22 dec 2014

Gabriel Comanescu, the Romanian businessman who controls offshore drilling company Grup Servicii Petroliere, mulls floating the company on the London stock exchange, but plans are hindered by the more

22 dec 2014

Around 58% in the price of one liter of gasoline and 54% of the diesel oil price are going to the state under the form of the excise and VAT. At this moment, gasoline prices reached some 5.25 lei, more

19 dec 2014

Romanian private healthcare company Sanador will open a large clinic next year, the first major expansion step it takes after the opening, in 2011, of the Bucharest hospital, while its revenue is more

19 dec 2014

2014 meant fewer investments in transport infrastructure and also fewer inaugurations. Compared with 2013, when over 100 km of highways and a new bridge over the Danube, in Calafat-Vidin, emerged on more

19 dec 2014

The Romanian construction field, one of the hardest hit during the crisis, contracting by over 40% between 2009 and 2014, will resume growth starting next year, when it will see a 5.4% increase, more

18 dec 2014

Euromedic Romania, the company that manages ten medical imaging centers countrywide, expects revenue to rise by 3.5% this year, from 49.5 million lei (EUR11 million) in 2013. more

18 dec 2014

Resolute Lar Romania, a company that in 2013 took over the management of Liberty Center mall of Bucharest, plans to turn the project of Rahova district into a shopping center destined to families. more

18 dec 2014

Farmers were close to having a perfect production year in agriculture, but the excess rainfall partially upset their plans. Warehouses and silos got filled up in summer and autumn, though, as corn, more

18 dec 2014

The local banking system looks completely different from its picture of the autumn of 2008, at the crisis onset, as market players had to adjust to the new conditions, namely low loan demand, falling more

17 dec 2014

Happy Tour group, which includes Happy Tour travel agencies, Paravion online booking portal, Prestige Tour tour operator and Travel House, in 2014 gained two new corporate clients-MOL, with revenue of more

17 dec 2014

Courier services companies’ business depends on the trend of the economy, considering parcel delivery demand comes from legal persons from all fields of activity, but also from individuals. Thus, more

17 dec 2014

Romanian food retail, a market of almost 1,500 stores and annual sales of RON35-40 billion (EUR8-9 billion), has in the past year undergone a series of changes that reconfigured players’ positions. more

17 dec 2014

Foreigners, largely banking groups, had medium and long-term deposits opened with local banks worth EUR5.8 billion in late October, 10% below the level of the year-earlier period. October alone saw more

17 dec 2014

Polisano group, the only integrated entrepreneurial business in the Romanian healthcare industry, is likely to generate healthcare revenue worth RON100 million in 2015, up 54% from 2014, when it more

16 dec 2014

Raiffeisen Leasing, the second largest player on the market of leasing companies affiliated to banks, expects to reach a volume of new funding worth around EUR90 million at the end of 2014, after more

16 dec 2014

Small and medium-sized companies are the next step toward growth for Porsche Finance Group, the finance unit of Porsche Holding, as these will continue to renew or widen their car fleets. more

16 dec 2014

Network One Distribution (NOD), Romania’s largest IT&C distributor, in 2010 launched its own electrical home appliances brand Heinner and expects sales worth 90 million (EUR20 million) for it in more

16 dec 2014

The Romanian market comprises around 330 franchise concepts with total revenue worth EUR1.6 billion last year, around 45% higher than in 2007, one of the last years of economic boom and the last one more

15 dec 2014

Card money accounts for just one third of Romanians’ overall consumption, while cash represents the rest of two thirds, a situation that is fuelling the underground economy, believes Catalin Cretu, more

15 dec 2014

The transport sector got 6.3 billion lei (EUR1.4 billion) this year, but just RON4.65 billion (EUR1 billion) were spent. For 2015, the RON6.1 billion (EUR1.4 billion) budget is 30% higher on paper, more