18 iun 2014

Romanian insurance companies sold policies worth 112 million lei (EUR25 million) on foreign markets in the first three months of 2014, up 25% from the same period of last year, according to data more

18 iun 2014

Timisoara-based Rus Savitar-Casa Rusu group, with operations in the furniture industry, saw revenue go up by over 30% on the year in January-March, on the rising production capacity and product range more

18 iun 2014

Each of the 79 employees US giant Colgate-Palmolive has in Romania contributed 3 million lei (EUR670,000) to the company’s revenue. Thus, the company saw its productivity triple during the crisis. more

18 iun 2014

Deprived of access to hydropower at preferential prices and exposed to a falling demand, Romania’s ten largest private energy traders ended last year with revenue of around EUR1.1 billion, down 20% more

17 iun 2014

Given its declining natural gas consumption amid falling demand from industry, Romania is “hedged” against possible halts in deliveries of Russian gas transiting Ukraine. more

17 iun 2014

Romania’s wheat exporters delivered 4.7 million tons this season (ended on June 30), 87% of which outside the European Union. more

17 iun 2014

Life insurers’ clients canceled policies worth 92 million lei (EUR21 million) in January-March 2014, down 21% from the same period in 2013, according to data provided by the Financial Supervisory more

17 iun 2014

Group Schweighofer, the largest business in Romania’s wood processing industry, buys 2.4 million cubic meters of wood from Romania annually, a level that has remained constant in the past years, more

17 iun 2014

Softnews Net, the company behind the software distribution platform softpedia.com owned by Bogdan Gheorghe and Catalin Garmacea, registered net profit of EUR2.6 million in 2013 amid revenue of EUR4.9 more

16 iun 2014

Mobile telephony operator Orange Romania rented a 13,700-sqm area in Green Court, an office building developed by Swedish group Skanska in northern Bucharest close to Promenada mall and the future more

16 iun 2014

This is the right moment to purchase a plant in Romania as there are many dairy industry companies struggling to survive, says Tzafrir Granat, the manager who has run the Romanian operations of more

16 iun 2014

Murfatlar, the biggest player on Romania’s wine market, which went insolvent in 2012 with a view to reorganization, expects it will revert into the black this year, budgeting a 12% revenue advance more

16 iun 2014

InterstarChim, the company that manufactures and distributes in Romania cleaning products under brands such as Biocarpet or Rivex, in 2013 overshot the RON100 million (EUR24 million) mark after an more

16 iun 2014

Rom chocolate bar brand, produced in Bucharest by Kandia Dulce, was in 2013 the best-selling one on this segment by number of pieces, overshooting US brand Snickers, the world’s leading chocolate more

16 iun 2014

Consumption is slightly picking up, but the over 10% sales increase KFC, Pizza Hut and Paul registered in the first quarter of 2014 was primarily due to the company’s strategy, drawn up several more

13 iun 2014

The volume of construction works registered an 8.7% decline in the first four months of this year against the same period of 2013, with engineering and infrastructure works posting the deepest fall, more

13 iun 2014

The top priority of the new management of Romania’s Chamber of Commerce and Industry (CCIR) is to restore the institution’s image and credibility and forge a dialogue with the government, for more

13 iun 2014

The 24% sales tax and the mark-up added by retail chains are partly to blame for the shelf prices of products in Romanian stores, says Jarek Malinowski, the executive who runs the over EUR180 million more

12 iun 2014

Romania’s Financial Supervisory Authority (ASF) will further investigate the insurance market and will expand checkups at companies. For the fourth quarter, the institution is readying an audit of more

12 iun 2014

Part of the managers who complete each year the Executive MBA program offered by ASEBUSS, one of the oldest business schools in Romania, become entrepreneurs right after graduation, according to more

12 iun 2014

In Romania, most employees have several tasks, which are not necessarily related to their field, while in the United States the secret behind a successful business environment is division of labor. more

12 iun 2014

Constanta-based Elcomex group saw its energy revenue slide last year by 60% in euros, to EUR24 million, due to the renewable energy market decline, but its parallel investment in an integrated goat more

12 iun 2014

The Bucharest Stock Exchange (BVB) is set to launch, at the end of this week, a campaign meant to inform small investors on Electrica's stock sale, set to be the largest initial public offering in the more

12 iun 2014

Romania’s capital city is the most productive market for owners of shopping centers, followed by Cluj, Iasi, Constanta and Timisoara. more

11 iun 2014

On a domestic drug market worth over EUR2.6 billion, Romanian drug makers are unable to gain ground, with the pharmaceutical industry being traditionally dominated by importers. Hungary, the Czech more