10 sep 2014

Agricultural land plots of Banat, Romania, have come to be traded at prices of between EUR5,000 and EUR7,000/ha, after the market in the region got crowded amid cash pumped by foreign investors, but more

9 sep 2014

Raluca Simu, an executive whose experience in marketing and advertising spans over a decade, is bringing luxury brand Vionnet on the Romanian market, and the first store will be opened on the ground more

9 sep 2014

Romanian businessman Mihai Miron, known through the companies he developed in the pharmaceutical industry, Europharm and Ropharma, has a new bet this year, a production lab in Chisinau (the Republic more

9 sep 2014

Austrian group Strabag posted revenue of EUR70.7 million in Romania in the first half of 2014, down 49% on the year. more

9 sep 2014

Sibiu-based Atlassib company, Romania’s biggest international road passenger transport operator, carried more than 300,000 people in the first half of the year, 7-8% more than in the same period in more

9 sep 2014

US trader Cargill, French cooperative group InVivo and traders Nidera (China) and Bunge (US) are the biggest exporters of Romanian wheat to Egypt by quantities delivered or contracted in the first more

9 sep 2014

Romanian PVC processor Teraplast plans to keep prices unchanged and operate investments to stay in the black, in the context where market demand is falling, according to Traian Simion, the company’s more

9 sep 2014

Romanian entrepreneur Tiberiu Nagy, who exploits several hundred hectares of arable land in Arad through Grey Bull company, expects to harvest 18 tons/hectare of corn in several weeks’ time, four more

8 sep 2014

German giant Deutsche Telekom has made a big bet on the rebranding of Cosmote and Romtelecom, its Romanian subsidiaries with 11 million clients and annual revenue topping EUR1 billion. more

8 sep 2014

Romania’s state-owned airline Tarom carried 1 million passengers on local and external routes in the first half of this year, up 7% from the same period of last year, according to the company’s more

8 sep 2014

The 20 largest pharmacy networks in Romania in 2013 generated overall revenue worth above EUR1 billion, up 10% against 2012, amid the rising number of units. more

8 sep 2014

Over 1.1 million Romanians bought foodstuffs, apparel, cosmetics or home care products on the internet last year. Thus, with just one in 20 Romanians buying FMCG goods online, the local market lags more

8 sep 2014

In the first seven months of this year, almost 50,000 entrepreneurs in Romania bid farewell to the businesses they ran, down just 2% from the same period of last year, according to Trade Registry more

8 sep 2014

Mures, Neamt, Bucharest and Valcea lead in the ranking of counties witnessing the fastest decline in loan overdue installments, with the volume of outstanding payments narrowing by at least 10% in more

5 sep 2014

Bucharest forex market, the biggest local market, in the first eight months of this year registered a deal volume worth EUR245 billion, the equivalent of a daily average of EUR1.53 billion, 7% below more

5 sep 2014

Gregor Aufhauser, the general manager of Societatea Companiilor Hoteliere (SCH) Grand, which manages Bucharest’s five-star hotel JW Marriott, says he’s carrying out the project for the more

5 sep 2014

Romanians annually spend around EUR1 billion in mobile and agro-food marketplaces, namely 7% of the money they spend in food retail, where hypermarket and supermarket chains rule, with an over 40% more

5 sep 2014

Romanian cardboard packaging producer Ecopack Ghimbav, controlled by businessman Vladimir Cohn, counts on a 10% production capacity increase after the company completes, this autumn, an investment in more

5 sep 2014

Bucharest’s four-star hotel Howard Johnson, with a capacity of 285 rooms, ended the first six months of this year with 10% higher revenue against last year amid the rising demand for accommodation more

5 sep 2014

Piraeus Bank, a Greek-held medium-sized player in Romania’s banking system, in January-July 2014 released retail loans matching the value of loans granted in the entire 2013 and reached monthly more

4 sep 2014

Bucur Obor, a precursor of today’s malls which opened more than 40 years ago in Bucharest, will undergo refurbishing works this year. The basement will host a discounter, while fashion stores of more

4 sep 2014

The production of Sandero, Dacia’s best-selling model in Europe, at the carmaker's Romanian factory fell 61% in the first seven months against the same period of 2013, to less than 30,000 units, more

4 sep 2014

Rus Savitar-Casa Rusu group, a business in the furniture industry, controlled by Rusu family of Timisoara, plans to open another six stores in the 2014-2015 period, lifting its network to 33 units. more

4 sep 2014

The 1,600 drug wholesalers registered in Romania generated overall revenue of 23.4 billion lei (EUR5.3 billion) last year, up 60% against 2008, the best year for the Romanian economy. more

4 sep 2014

Romanian leading oil company OMV Petrom (SNP.RO) says that certain filling stations that do not meet the company’s standards in terms of sales volumes are likely to be sold, and, according to market more