29 mai 2013

Dole Romania, the local subsidiary of U.S. company Dole Food Company, the world’s largest fruit producer with turnover of $7 billion, has given up direct distribution in Romania after only four more

29 mai 2013

The former managers of the now extinct authorities that used to supervise the capital market, the insurance sector and private pensions, get severance pay of up to 19 monthly salaries because their more

29 mai 2013

Mihai Anghel, who set up the Cerealcom Dolj group, with turnover of EUR120-130 million per year from agriculture, grain trade and wine production, estimates wheat productivity this summer will be 30% more

28 mai 2013

Romania’s national roads authority CNADNR has extended until April 2015 the contract with Italy’s Impressa-Pizzaroti, which is building the first 6.5-km section of the Bucharest-Ploiesti highway, more

28 mai 2013

EnergoBit, one of the largest companies in the industry of equipment and works for the energy industry, whose controlling stake was bought at the end of last year by Polish investment fund Innova more

27 mai 2013

Financial analysts’ confidence in the Romanian economy climbed to a 12-month high in April, due to positive expectations for the upcoming period and to an improvement in current business environment more

27 mai 2013

Romania’s public debt climbed at 252 billion lei (EUR57 billion) in March, which is higher by RON11.5 billion from December 2012, due to large amounts borrowed mainly from the domestic market. more

27 mai 2013

Romanian businessman Octavian Radu, the founder of bookstore chain Diverta, said he is in talks with an investor to sell Diverta, but the “door is still open” for other offers. more

24 mai 2013

Foreign investors have come to holds more than one fifth of government bonds in lei in circulation, with their share at the end of March 2013 close to almost 21%, from 11% a year before, according to more

24 mai 2013

Scottish investment management group Aberdeen Asset Management, which administers assets of EUR250 billion, has become BRD’s second-largest shareholder, after French Societe Generale, by taking over more

24 mai 2013

Beer sales in Romania rose 14% in the first three months of 2013, to 3 million hectoliters, the highest quarterly growth in six years, according to a ZF analysis based on data from the statistics more

23 mai 2013

Real, - Group Holding, the owner of Real hypermarkets, has approved the transfer of shares of Real stores in Romania to Auchan Romania at the end of April, according to a decision published in more

23 mai 2013

Cement producer Holcim Romania, the local division of of Swiss group Holcim, has switched to loss for the first time in over a decade, posting a negative result of 37.7 million lei (EUR8.5 million) in more

23 mai 2013

One must pay tens and even hundreds of thousands of lei to become investor in a closed-end fund, which puts clients’ savings in real estate, energy projects, financial derivatives or works of art. more

22 mai 2013

Groupama, the local subsidiary of the French group by the same name, last year reported a net loss of EUR23 million after a profit of EUR1 million in 2011, according to a report published by the group more

22 mai 2013

Andreas Treichl, CEO of Erste Bank, says he is against giving up the name of a bank that includes the name of the country where it operates, so the BCR brand (Romanian Commercial Bank) will be kept as more

22 mai 2013

German giant Deutsche Telekom has reached an agreement to buy the Slovak division of Romanian telecom operator RCS&RDS, which has reached over 270,000 customers in seven years of operations on the more

22 mai 2013

Orkla Foods Romania, the local division of Norwegian conglomerate Orkla Foods, targets 10% higher sales this year after the company’s 2012 turnover exceeded the 2007 level and reached EUR39 million. more

21 mai 2013

Almost 165,000 employees work in the top ten companies by number of employees and the employee trend in the last two years reflects a dramatic situation, which is true of the overall labor market: more

21 mai 2013

Bucharest-based construction company Delta ACM 93, controlled by businessman Florea Diaconu, has recently won a contract worth around EUR10 million, which target infrastructure works in a residential more

21 mai 2013

Rewe Romania, the company that operates Penny Market and XXL Mega Discount stores, ended 2012 with losses of 6.6 million lei (EUR1.5 million), the first year in a decade when the company's net result more

20 mai 2013

Retailer Cora, controlled by French-Belgian group Louis Delhaize, expanded its chain from three to 10 hypermarkets between 2010 and 2012, but this is not seen in sales, which have been stuck at around more

20 mai 2013

The sale of Citibank and RBS Bank’s retail portfolios broke the ice on the market of banking transactions, but this year is expected to bring major shareholder changes for at least three of the more

20 mai 2013

Valerio Battista, who runs the EUR8 billion operations of the world’s largest cable manufacturer, Prysmian, says about Romania that it has made progress in the last few years, though not as fast as more

15 mai 2013

Steven van Groningen, chief executive of Raiffeisen Bank, says loan interest rates will be gradually cut, but the cuts will be made depending on market conditions, not because somebody ordered it. more