11 iun 2014

Supermarket chain Billa ended last year with revenue of 1.36 billion lei (EUR307.5 million), up 7.3% from 2012. During the same period, the company reached 80 stores, from 71 in 2012, so that sales more

11 iun 2014

Tymbark Maspex, the largest Polish investor in Romania’s soft drinks industry, has hired over 100 people since the beginning of the year, with its headcount in the country revolving around 880 more

11 iun 2014

Romania’s state-run airline Tarom, placed under private management at the end of 2012, ended last year with a net loss of 130 million lei (around EUR30 million), down by RON100 million from the more

10 iun 2014

H&M became the strongest fashion brand in Romania by revenue last year, overshooting Zara. Thus, the Swedish-owned company ended 2013 with revenue of 381.5 million lei (EUR86.3 million), while the more

10 iun 2014

German-held Continental group, which includes seven companies operating eight production units in six cities, reported 21% higher revenue in Romania in 2013, to nearly EUR1.83 billion, according with more

10 iun 2014

Romania’s 20 largest state-owned companies, monopolies in energy production, gas or rail transport, reported cumulated net profit of around EUR350 million in 2013, according to data centralized by more

10 iun 2014

Austria’s Immofinanz is looking into several options to include an office building in downtown Bucharest into its portfolio, said Sorin Visoianu, the executive who five years took over the more

10 iun 2014

Carpathian Springs, the company that produces mineral water brand Aqua Carpatica, created by businessman Jean Valvis, ended 2013 with revenue of 55.5 million lei (EUR12.6 million), up 65% on the year. more

9 iun 2014

Swedish constructions and ventilation systems provider Lindab is ready to consider acquisitions or investments from scratch, both in Romania and in other countries, said the group's Chief Executive more

9 iun 2014

The European Bank for Reconstruction and Development (EBRD), one of the largest institutional investors present in Romania, is likely to invest at least EUR50 million in the initial public offering more

9 iun 2014

Romanians have resumed purchases of white goods, such as refrigerators, cookers and washing machines, which shows the local electro-IT market has exited the crisis, says Dragos Sirbu, appointed at the more

6 iun 2014

US giant Procter&Gamble saw its revenue in Romania go slightly down last year, by less than 2%, to EUR336.3 million, amid feeble consumption appetite. more

6 iun 2014

Alexandrion Grup Romania, the largest domestic spirits producer, plans to reach the record figures of the past in about five years, after tapping unexplored segments of the local market, the company's more

6 iun 2014

Online retailer Elefant.ro wants to triple its revenue this year against 2013, to EUR20 million, amid the expansion of its product portfolio, set to turn the business initially started as an online more

6 iun 2014

Businessman Valer Blidar, who owns Arad-based railcar plant Astra Vagoane Calatori, says the company ended the first quarter of this year with profit worth 38 million lei (EUR8.6 million), after the more

5 iun 2014

Romanian banks have left the crisis behind, but moves to reduce paperwork and streamline operations with a view of slashing costs and luring new clients are still scarce and unevenly applied. more

5 iun 2014

Unicarm, owned by Romanian businessman Vasile Lucut, is set to open between 10 and 15 proximity stores and supermarkets this year and go beyond the threshold of 100 retail units almost ten years after more

4 iun 2014

Romanian energy holding CE Oltenia says it’s trying to set up an electricity trading company but it is facing difficulty as Fondul Proprietatea (FP.RO), the company’s minority shareholder, is more

4 iun 2014

The banking system’s profitability figures were deeply corrected downwards from the initial amount reported by the Romanian central bank in the wake of moves by some auditors to revise the figures more

4 iun 2014

Michelin Romania, the company that coordinates both the three tire plants of Romania and the commercial activity of Central and Southern Europe, including the Romanian market, hit a 6-year high in more

4 iun 2014

1Q’s 3.8% economic growth encouraged companies to expand their car fleets, believes Dan Boiangiu, general manager of operational leasing company Arval Romania, which ranks fourth on the market that more

4 iun 2014

In 2013, the largest part of builders operating in Romania saw their revenue and profit slide, as public investments slipped and private companies were wary of undertaking new projects. more

4 iun 2014

Drug sales, which posted annual increases of 20-30% in the past, are likely to go slightly down in 2014, before resuming growth in 2015, but at a much slower pace than in the past. more

3 iun 2014

Germany’s Agrarius purchased a 700-ha farm several km west of Timisoara, expanding its Romanian portfolio by 20%, to 4,200 hectares. more

3 iun 2014

Transeastern Power Trust, a Canadian investment vehicle recently listed on the Toronto stock exchange, completed the acquisition of 11 small hydropower stations with installed capacity of 5.1 MW in more