28 mai 2014

Romania's automotive market plunged almost 80% between 2008 and 2013, from almost 370,000 new cars sold in 2007, to a little more than 82,000 last year, therefore, 25% of some 400 dealers in Romania more

28 mai 2014

Niche websites have growth potential on Romania’s online market as Romanians “need simplicity, and not thousands of categories” where to seek the products or services they are interested in, more

27 mai 2014

The five largest ice-cream producers in Romania generated overall revenue of above EUR70 million in 2013, almost half of the total value of the local ice-cream market, and had more than 2,000 more

27 mai 2014

Bucharest-based building company Delta ACM 93, controlled by businessman Florea Diaconu, has set up a subsidiary in Austria, through which it wants to tap this country’s market. more

27 mai 2014

Italy’s underwear retailer Calzedonia, present in Romania with a 6-store network under this brand, owns an underwear manufacturing plant in Arad (western Romania). The plant, Aries Textiles, boasts more

26 mai 2014

German-held Continental has increased the number of people it plans to recruit in Romania this year from 1,000 to 1,500 and half of these people will be employed in the company’s new R&D center of more

26 mai 2014

BRD has coped with the crisis fallout in the past two years, but this does not mean it’s become a weak entity, says Bernardo Sanchez Incera, deputy chief executive officer of Societe Generale, the more

23 mai 2014

Passenger car sales rose 28.5% on the year in April 2014, to almost 6,800 units, according to data provided by Romania's Automotive Manufacturers and Importers Association (APIA). more

23 mai 2014

Germany’s giant Allianz has rented out an office space of around 3,500 square meters in the Floreasca Park project, in northern Bucharest, in order to develop a global services center. more

23 mai 2014

JOE wafer and ice-cream brand, one of the best-selling ones on Romania’s confectionery market, generates 10% of Nestle Romania's revenue, the largest player on Romania’s confectionery and coffee more

23 mai 2014

Foreign investors are calling on the Romanian government to scrap the tax on special constructions in its current form because it is expected to generate huge losses for companies by doubling or even more

22 mai 2014

Satu Mare-based poultry producer Ave Impex ended 2013 with revenue of EUR36 million, up 19.4% on the year, with exports, which reached one third of output, being a major growth driver. more

22 mai 2014

Investment fund Frontiers Investment Trust, managed by US giant BlackRock, the world’s biggest money manager, has come to invest EUR6.7 million in the shares of BRD, Romania’s second largest bank more

22 mai 2014

Romania’s five largest money managers ended 2013 with net cumulated profits above RON34 million, mainly generated from the management of low-risk mutual funds. more

22 mai 2014

Beer sales declined by 6% in the first three months of this year, continuing the downward trend of 2013, according to ZF calculations based on National Statistics Institute data. more

22 mai 2014

Clever Tech, a company set up in 2011 by two Polytechnic University graduates, whose main asset is an application through which over 5 million taxi rides have been ordered in three years in eight more

21 mai 2014

The loan IFC, the World Bank’s investment arm, granted to Czech-held APS Holding for the takeover of NPLs in Romania is likely to be used by the company for the purchase of three or four portfolios, more

21 mai 2014

Expur, a major player on Romania’s vegetal oil market, will complete, in autumn, the relocation of industrial equipment taken over from Cargill in early 2013 in the wake of the deal by which it also more

21 mai 2014

Businessman Ioan Tecar, owner of group MG-Tec, which includes 10 companies, started a EUR20 million investment from own funds and state aid of EUR10 million to acquire and install a tissue paper more

21 mai 2014

Cash&carry store chain Selgros saw its revenue drop below the EUR700 million threshold and profit shrink to less than one third of the 2008 level, to EUR12.2 million, in 2013. Alexandru Vlad, the more

21 mai 2014

Giants Colgate-Palmolive, Procter&Gamble and GlaxoSmithKline control around 80% of Romania’s EUR45-50 million toothpaste market. US Colgate-Palmolive is market leader in all Central and Eastern more

20 mai 2014

Romanian courier services provider Urgent Curier, controlled by Corina and Sebastian Balasescu, ended 2013 with 28% higher revenue in lei against 2012, fueled by the growth of online sales. more

20 mai 2014

The Romanian Lottery Company, leader on Romania’s gambling market, registered net profit of almost EUR25 million in 2013, three times higher than in 2012, according to company data. more

20 mai 2014

Marex and Vegetal Trading companies, controlled by entrepreneurs in Braila, entered insolvency proceedings at their own request amid a cash crunch. The companies’ biggest creditors include BCR, more

20 mai 2014

Continental Hotels, one of the biggest hotel chains in Romania, stayed in line with the forecasts in the first three months, as its revenue went up 10%, the growth pace predicted for the entire year, more