16 sep 2014

The French post office, which owns courier services company DPD in Romania, Deutsche Post, present locally through DHL, US-held UPS, which controls the courier company of the same name, as well as more

16 sep 2014

Production of construction materials in Romania in the first six months of this year saw a 9.3% growth compard to the same period last year, according to data provided by national statistics institute more

16 sep 2014

Romania’s insurance industry is lagging further behind the European market as the average budget earmarked for insurance in 2013 stood at EUR92, 21 times less than the EU average, according to data more

15 sep 2014

Telekom Romania, the group that emerged following the rebranding of mobile and fixed telephony operators Cosmote and Romtelecom, does not plan to engage in “price wars”, but will attempt to more

15 sep 2014

For Rompetrol, Romania’s second largest oil group, the option of buying gas filling stations is now more likely because only one of the 15 gas stations the company was planning to open this year has more

15 sep 2014

Dragos Petrescu, one of the best-known entrepreneurs in Romania’s restaurant industry, will invest some EUR3 million to open a boutique-hotel in downtown Bucharest and refurbish Hanu’ Berarilor more

15 sep 2014

The first 6.5 km of the Bucharest-Ploiesti highway, which should link Romania’s capital city to the beltway, no longer have a completion deadline, after Italy’s Pizzarotti, which also built the more

12 sep 2014

The words “mall” and “shopping” entered Romanians’ vocabulary 15 years ago, with the opening, in September 1999, of Bucharest Mall in Vitan district, developed by Turkish group Anchor on the more

12 sep 2014

Tymbark Maspex, a major player on Romania’s soft drinks market, expects revenue to rise by 10% this year, taking further the upward trend of the past six years, according to company information. more

12 sep 2014

Toyota Romania, the importer of Toyota and Lexus brands in Romania, owned by English group Inchcape Motors, expects its revenue to rise from EUR126 million in 2013 to EYR145 million in 2014 and EUR181 more

12 sep 2014

Strauss Coffee, the world’s fifth largest producer of green coffee that owns Doncafe brand locally, is open to further acquisitions in Romania after it sealed the most important deal of recent years more

12 sep 2014

Erste Bond Flexible and Raiffeisen RonPlus, Romania’s biggest mutual funds, with overall assets of 8.5 billion lei (EUR1.9 billion), have RON3.8 billion (EUR860 million) invested in government more

11 sep 2014

On the local flight market it dominates, Romanian state-run airline Tarom saw traffic go down by 10% in the first half of this year against the same period of 2013. more

11 sep 2014

Small furniture producers present at the International Furniture Fair held at Romexpo exhibition center in Bucharest say 2014 has been a challenging year so far, but that there are positive signs for more

11 sep 2014

Romanian companies reported the lowest overall loss in the past six years, at EUR10.5 billion in 2013, while profit totaled EUR14.1 billion, according to Trade Registry data. The gap between profit more

11 sep 2014

Romania’s minister for SMEs, Florin Jianu, a former businessman, wants to find other funding sources for the development of small and medium-sized businesses beside EU funds and the state budget. more

11 sep 2014

The 70,000-80,000 small stores still operating in Romania are eyed by international retailers, which are trying to attract them in franchise. Thus, in full crisis, Carrefour, as well as Metro more

10 sep 2014

British group Kingfisher, which last spring bough the 15 Bricostore DIY stores, registered sales of GBP42 million (around EUR52 million) in Romania and a loss of around GBP6 million in the first half more

10 sep 2014

The average effective interest rate of Romanian currency-denominated mortgage loans hit an all-time low of 5.2% per year in July, half the level of three years ago, when banks sold only more

10 sep 2014

Five furniture producers with overall revenue of above EUR300 million and 6,500 employees are headquartered in Romania’s Maramures county. more

10 sep 2014

Dorothy Constantin and Andreea Altay this year decided to refurbish and rebrand Victoria 46 multibrand store of Calea Dorobanti, Bucharest, turning the 900-sqm space into a department store, in the more

10 sep 2014

Romanian courier services company FAN Courier, controlled by three Romanian entrepreneurs, ended the first half of this year with revenue of 151 million lei (EUR34 million), up 19% from the same more

10 sep 2014

Mondelez Romania, the local subsidiary of the US group of the same name, which has chocolate brands Poiana and Milka, as well as Jacobs coffee in its portfolio, saw its revenue rise by 10% in 2013, to more

10 sep 2014

Brasov-based dairy producer Prodlacta, controlled by Moldovan businessman Vladimir Jardan, is set to export yoghurts to a store network of Germany and plans to tap other foreign markets as well. At more

10 sep 2014

Orastie-based Sogeco plant owned by Dutch group Philips, Romania’s second largest exporter of electrical home appliances, reported revenue of EUR101 million for 2013, up 40% against 2012. more