10 iun 2013

American hotel chain Hilton, one of the world’s leading chains with almost 3,900 hotels in 90 countries, has opened its first Romanian hotel affiliated to the Hampton by Hilton brand in Cluj-Napoca more

10 iun 2013

Verbund, the largest energy company in Austria, says it will not go ahead with investments of almost EUR100 million in expanding the wind project in Casimcea (Tulcea) if the support scheme is modified more

10 iun 2013

Negotiated deals on the Bucharest Stock Exchange (BVB) have amounted to 1.25 billion lei (EUR285 million) since the beginning of the year, accounting for 33% of the total value of equity transactions more

7 iun 2013

Shopping center Cocor in central Bucharest, which in 2010 sought to establish itself as a luxury shopping destination after an almost EUR25 million renovation, is now looking to reposition itself as a more

7 iun 2013

Italian Enel, the largest private energy distributor in Romania, last year reached turnover of 4.3 billion lei (EUR971.4 million) last year, 10% more than in 2011. more

7 iun 2013

Romanians now consume 2.8 billion liters of soft drinks and of bottled mineral water per year, over 20% more than in 2005. Consumption per capita has reached around 130 liters. Last year the market more

6 iun 2013

The shareholders of port operator Comvex Constanta (CMVX.RO), the largest terminal in the port of Constanta, approved the payment of dividends of RON11.85 million (EUR2.8 million) from last year’s more

6 iun 2013

Production, quality and financial managers in the car part sector earn net income of over EUR2,000 per month, shows data of real estate consultancy Jones Lang LaSalle. more

6 iun 2013

Six of the nine largest general insurers reported higher gross written premiums in the first quarter of the year, while the other three recorded double-digit business declines. more

5 iun 2013

Tomas Spurny, the Czech-American recruited last year by Austrian group Erste to run BCR, is one of the guests at this year’s edition of the ZF Bankers Summit, where he will discuss the extensive more

5 iun 2013

The slow development of infrastructure is one of the main reasons why Romania does not get more investments from car part manufacturers, along with the fact that authorities promise infrastructure more

5 iun 2013

The market of private medical services is valued at EUR600 million, with over 50% of this value being subsidized by the state, said Mihai Marcu, president of MedLife, at ZF’s business show on more

4 iun 2013

The overall liquidity of the 70 companies on the stock exchange (banks excluded) amounted to a little over 4 billion lei (EUR923 million) at the end of March. Companies have dividends of RON3 billion more

4 iun 2013

Daniela Lulache, 45, former head of regional investment fund Fondul Proprietatea, who in mid-May became general manager of Nuclearelectrica, one of the major energy producers in Romania, says the main more

3 iun 2013

The state-guaranteed “First Home” program launched in 2009 is close to running out of funds, with EUR160 million left for loans. Banks have granted 92,000 “First home” loans out of a total more

3 iun 2013

British group Kingfisher, with annual turnover of around EUR12 billion, has the green light to enter the Romanian DIY market after closing on the acquisition of the 15-unit Bricostore chain on Friday, more

3 iun 2013

Lawyer Daniel Voicu, one of the founders of law firm Voicu & Filipescu, with turnover of EUR3.8 million in 2012, is investing EUR1.5 million in a 10-apartment block in central Bucharest, between more

31 mai 2013

German group Deutsche Telekom will launch “My Wallet” application on the Romanian market in 2014, an app that will allow users to make payments directly through their mobile phones, Claudia Nemat, more

31 mai 2013

Prime Minister Victor Ponta has taken an aggressive stance against E.ON Romania after the company’s chief executive Frank Hajdinjak said the group will give up its green energy projects in Romania more

31 mai 2013

The Romanian do-it-yourself and construction materials distribution market, where major players have annual sales of around EUR1.3 billion, has reached a period of consolidation after five difficult more

31 mai 2013

The top ten banks by the volume of deposits held 80% of individuals’ and companies’ savings, with the cumulated value of resources attracted at 173 billion lei (EUR39 billion). more

30 mai 2013

Private healthcare provider MedLife said it might give up opening a hospital in Floreasca area, northern Bucharest. more

30 mai 2013

The Romanian Finance Ministry is preparing its first eurobond issue this year, in a hurry to take advantage of the current favorable market circumstances ahead of the conclusion of the arrangement more

30 mai 2013

The Carrefour group has signed a franchising contract with Romanian store chain Gulliver, with the nine stores to be turned into Carrefour Express stores, the French brand’s convenience store more

29 mai 2013

Romania’s national roads authority CNADNR paid around EUR1.2 billion for the country’s ten leading highway construction sites, which are nearly 250-km long and whose overall costs amount to EUR1.8 more