12 dec 2014

For the local wine industry, 2014 meant unfavorable weather conditions, which brought 20% lower volumes in wineries, rising consumption of rose wine, toward a 10% weight, a first signal the market is more

12 dec 2014

Ponderas Hospital, specialized in weight loss surgery, expects revenue worth around 40 million lei (EUR9 million) this year, up 25% on the year. more

12 dec 2014

The revenue of Romania’s modern convenience stores, such as Carrefour Express or Shop&Go (Mega Image) is set to rise by 102% this year, the biggest growth in Central and Eastern Europe, reveals a more

12 dec 2014

Ilinca Paun, who has run the operations of Colliers International, one of Romania’s largest real estate consultancies, for four years, says she’s hit the revenue target for this year, with the more

11 dec 2014

A liter of gasoline can be bought in Romania for 5.52 lei, just like in October 2011, as the crude oil prices plummeted by 40% in less than half of year from the $115 high of June. more

11 dec 2014

Dacia sales in Europe rose by 28% in the first 10 months of this year, to almost 307,600 cars, with 2014 being the first year when the Romanian brand went beyond the mark of 300,000 passenger cars more

11 dec 2014

Hidroelectrica and Complexul Energetic Oltenia, Romania’s largest energy producers, are preparing to be floated on the stock market. However, the two companies, which supply half of the country’s more

10 dec 2014

In 2014, Swiss group Novartis registered a “modest” revenue increase in Romania amid a challenging year in the healthcare industry, estimates Elena Mitova, general manager of Novartis Pharma more

10 dec 2014

Viorel Ognean, the Romanian who runs the luxury portfolio of 30 countries of Diageo, the world’s biggest producer of premium spirits, says Romania is among the countries with a significant growth more

10 dec 2014

The processing industry, financial services providers and hotels and restaurants are the fields planning to recruit the most in the first three months of next year, with employers set to boost the more

10 dec 2014

Hypermarket chains, which have covered the map of Bucharest with 31 units, project sales of almost one billion lei in Bucharest alone in the context where the last month of the year brings sales as more

9 dec 2014

Talks between Banca Transilvania and Volksbank are edging closer to getting the “final signature” from the Austrian bank’s shareholders, and the price of the deal has been the main topic of more

9 dec 2014

Complexul Energetic Oltenia, Romania’s largest thermal power producer, which groups the energy complexes of Oltenia basin with lignite mines, registered losses of RON290 million (around EUR66 more

9 dec 2014

Market research company Cegedim Romania changed its outlook about the trend of the drug market in 2014, from a negative one to one of slight growth. more

8 dec 2014

Four of the seven local large banks that published their Jan-Sept figures reported increases of between 1% and 9% in loan portfolios, but overall, the loan stock contracted by the equivalent of 6 more

8 dec 2014

Certinvest, the largest independent mutual fund manager in Romania, wants to buy AXA Asigurari, the local subsidiary of French giant AXA, according to market sources, after the deal for latter’s more

8 dec 2014

Demand for large loans, mostly corporate ones, hit the lowest level of the past decade, with banks asking for just 890,000 reports from the Central Credit Register (CCR) to get information on more

5 dec 2014

The number of houses and apartments completed in the Bucharest-Ilfov area rose by 84% in the third quarter of the year and by 64% in the first nine months, according to data published by the more

5 dec 2014

Anima, a company that entered the private healthcare market in 2010, envisages “solid” investments to develop its network of family medicine clinics, both through acquisitions and greenfield more

5 dec 2014

Winemaker Tohani of Dealu Mare (Prahova and Buzau counties) this year harvested 2.5 million kg of grapes, but it will not be until 2018 that it will reach its full potential, says Virgil Mandru, the more

5 dec 2014

Footwear brand Ecco Shoes has reached 22 stores in Romania after five openings this year alone. Expansion on the one hand and the rising sales in already existing stores will drive the company’s more

4 dec 2014

Romania’s road authority CNADNR paid 16 billion lei for national road projects during the 2008-2014 period and during the same interval repaired 2,900 kilometers of such roads, that is less than one more

4 dec 2014

With investments of over 140 million lei (EUR30 million), wineries such as Alira (Dobrogea), Viile Metamorfosis (Dealu Mare), Lacerta (Dealu Mare), Liliac (Podisul Transilvaniei), Bauer (Dragasani), more

4 dec 2014

Romania’s spirits market contracted by 36% in the first nine months of this year and the last quarter, which accounts for 40% in annual consumption, is not likely to bring the market back to growth more

3 dec 2014

Norwegian-British investment fund North Bridge, little known to the public, bought in Romania 139 hectares of arable land and signed lease contracts for another 125 hectares in the past nine months, more