17 dec 2013

Production of Borsec, the best-selling mineral water brand in Romania, has gone up 20-fold after becoming part of Romaqua Group portfolio, to 320 million liters last year. more

17 dec 2013

The UK is afraid Romanian migrants could invade its territory after January 2014, when labor market restrictions imposed to Romania workers are lifted, but too little is said about the gains of more

16 dec 2013

Almost half the small and medium-sized enterprises in Romania surveyed by central bank BNR says they are not eager to take out bank loans because of too high costs. more

16 dec 2013

Over 1,300 employees, 700,000 items of clothing made each month for international retailers such as Top Shop, Primark and Debenhams, two plants, one sample center and turnover of over EUR40 million - more

15 dec 2013

The only power station in Romania fueled by geothermal water has proved an unprofitable investment, with power prices on the decline and with no way of receiving the subsidies matching those granted more

13 dec 2013

The Romanian telecommunications market, which is estimated at around EUR3.2 billion per year, will not be able to cope with four major players in the long term, Benoit Scheen, vice-president of Orange more

13 dec 2013

Romanian brands such as Mobexpert, Altex and AdePlast have managed to become no. 1 on their respective markets and boast turnovers of hundreds of millions of euros, although they were built from more

12 dec 2013

British investment fund Insight Investment, which manages assets of 271.9 billion pounds worldwide, has bought Romanian company Agricom Borcea, which holds a 13,600-ha farm in Calarasi county, close more

12 dec 2013

Mutual funds in Romania ended November with record-high net inflows of 777.8 million lei (EUR174 million), the largest monthly amount ever attracted on this market. more

12 dec 2013

Autumn did not come with the expected thawing of the Romanian cement market, so after the 2011 rise and the 2012 stagnation Romanian cement production will decline again this year, writes Business more

11 dec 2013

Romania’s Dacris, a group of firms specializing in sales of stationery and office supplies, will end this year with a turnover of EUR15.75 million, up 20% compared to 2012, and estimates it will more

11 dec 2013

Schlumberger group, the world’s largest provider of technology and solutions for oil and gas companies, has reached 450 employees in Romania after opening a services center with 170 employees in May more

11 dec 2013

Jean Baptiste Dernoncourt, the newly-appointed executive of Carrefour Romania, says a reduction of VAT on food is needed in order for a steady recovery of consumption to occur. more

11 dec 2013

Heiko Hesse, a former professional football player with major German club Borussia Dortmund, is part of the IMF team that handles review missions of Romania’s new loan agreement, being in charge of more

10 dec 2013

Aircraft components manufacturer Premium Aerotec Ghimbav, part of the EADS group, plans to rent a further 10 hectares of land in Ghimbav from state-run Romanian helicopter maker IAR Ghimbav in order more

10 dec 2013

The Romanian Government has extended until June 2013 the validity of two government decisions, allowing private-sector companies to access state aid worth almost EUR440 million. more

10 dec 2013

Laurentiu Lupusor, general manager of construction materials producer Baumit Romania, says the reduction of public investments in 2013 affected the construction industry, but also brought more

10 dec 2013

Romanian electronics and IT retailer Altex has pursued the same trajectory as the Romanian economy in the company’s twenty-year existence. The largest electronics & IT retailer was affected during more

9 dec 2013

The Romanian Government is preparing a set of measures aimed at restarting consumption for the beginning of next year. The measures will not affect budget resources, Budget Minister Liviu Voinea said more

9 dec 2013

Central bank governor Mugur Isarescu did not bring about the meeting last Tuesday between Romanian President Traian Basescu and Prime Minister Victor Ponta on the state budget and on the letter of more

9 dec 2013

Bankers have been demoted from among the top earners in the Romanian economy in 2012, after they had dominated the ranking of salary earnings during the years of economic growth. more

9 dec 2013

The construction equipment market has this year fallen to 20% of what it used to be during 2007-2008, according to Business Construct magazine. more

6 dec 2013

Nine out of 12 modern retail chains present in Romania feature in this year’s ranking of the 100 most valuable companies in Romania, with an aggregated value of EUR2.9 billion. more

5 dec 2013

Growth perspectives for the shares of Romania’s largest oil and gas producer OMV Petrom (SNP.RO) are limited because investment fund Fondul Proprietatea and the Romanian state, the company’s two more

5 dec 2013

Romania will inaugurate this month 98 km of highway in the western half of Romania, a project with a total cost of EUR530 million or around EUR5.4 million per km on average. more