18 iul 2013

Romanian-controlled banks are on their way to extinction, with multiple factors at play: the indiscriminate privatizations conducted in the previous decade amid pressure from external creditors, more

18 iul 2013

Sixteen companies known to be controlled by businesspersons Gabriel Popoviciu and Radu Dimofte reported total profit of almost EUR30 million in 2012, up 85% on the year, reveals a ZF analysis, with more

18 iul 2013

The 30 largest payments that Romania’s Highways and National Roads Company (CNADNR) made in the first half of the year total almost EUR750 million, shows a ZF analysis based on data provided by the more

18 iul 2013

Romania ranks 28th among countries with the largest furniture production, shows the World Furniture Outlook research conducted by CSIL, an independent institute from Italy, which analyzes the more

17 iul 2013

Production of new loans did not recover in the first five months of the year, with the ratio of non-performing loans exceeding 20% in May and no spectacular progress in terms of cutting operating more

17 iul 2013

The nine largest contracts signed in the first half of this year by the National Highways and Roads Company in Romania (CNADNR), are worth less than EUR6 million in total, equivalent to the more

17 iul 2013

Forty-two major wind projects, which have attracted investments of almost EUR3.3 billion, were operational or in the final testing stage at the beginning of this month. They have a total capacity of more

12 iul 2013

French Prime Minister Jean-Marc Ayrault said it is important that commercial ties between Romania and France have become more balanced, considering that since 2009 Romania has seen a trade surplus of more

12 iul 2013

Romanian telecom operator RCS&RDS plans to launch a bond issue of EUR500 million on the external market and it has already hired a consortium of banks to arrange the transaction. more

12 iul 2013

Brokerage firm Fairwind Securities, held by Romanian businessman Dinu Patriciu, has informed its clients it will withdraw from trading on the Bucharest bourse and from international bourses. The more

12 iul 2013

The Romanian car market is this year heading towards the volumes of the early 90s, when sales were dominated only by Dacia and imports were low, the purchasing power was affected by a very high more

11 iul 2013

Austrian Kapsch is trying to get Romanian companies to store their data in the Kapfenburg bunker built in the ‘40s during World War II, where tank parts were originally set to be built. more

11 iul 2013

Giant IBM, the world’s largest provider of IT services, has accelerated its expansion on the Romanian market by fully renting two office buildings in Bucharest. more

11 iul 2013

Non-prescription drugs (OTC) have gained ground in the past few years, acting as a refuge for pharmaceutical companies looking for cash and shorter payment deadlines. more

10 iul 2013

US giant JP Morgan revised upward its forecast for Romania’s gross domestic product to 2.6% in 2013, from 1.9% previously, which is one of the most optimistic forecasts for this year. more

10 iul 2013

Six scrap metal processors operated by German group Scholz in Romania registered combined turnover of around EUR423 million in 2012, from around EUR438 million in the previous year, reveals a ZF more

10 iul 2013

Srdjan Kovacevic, the Serb entrepreneur who opened the way for the luxury market in Romania and who brought brands such as Max Mara, Ermenegildo Zegna and Emporio Armani to Bucharest’s main shopping more

9 iul 2013

French investors have stayed in Romania, despite the economic crisis, because the country continues to offer interesting opportunities –cheap and skilled workforce and the possibility of developing more

9 iul 2013

Swedish giant IKEA, which operates one store in Romania, last year recorded loss of EUR3.6 million and sales of EUR76.2 million on the local market, according to Trade Registry data. more

9 iul 2013

Romania’s Tourism minister has organized trips to promote Romania for ambassadors, representatives of the World Tourism Organization, foreign and Romanian journalists, but the country does not have more

5 iul 2013

Banks have cut interest rates for ongoing loans in lei by three quarters of a percent in three months’ time, to 10.8% a year in May, but have kept their net interest margin as high as possible, more

5 iul 2013

Over 100 dairy and cheese plants were closed between 2008 and 2012, while the number of major plants with over 250 employees was reduced to eight (from 14 in 2008), according to a ZF analysis based on more

5 iul 2013

Farming and food industry group Racova, owned by businessman Adrian Porumboiu, will start building several silos with a total capacity of 50,000 tons, close to its farms in northeastern region of more

4 iul 2013

Pascal Prigent, general manager of GlaxoSmithKline (GSK) Romania, says he is optimistic about finding a buyer for the Europharm plant in Brasov and that he is surprised at how soon after last week’s more

4 iul 2013

Dragos Dinu, who took over as CEO of electronics and IT retailer Domo at the beginning of this year, says he plans to build an outlet store chain with national coverage. more