17 apr 2013

Banks have ended up foreclosing on 2,000 homes per month as they seek to recoup money from bad payers, according to ZF calculations based on the difference between the rise in the number of loans and more

17 apr 2013

Companies in Romania developing applications for smartphones and tablets operate on a global market with around 1.8 million apps, so they have to start with a solid business plan and look for a niche, more

17 apr 2013

Banca Transilvania (TLV.RO) and Raiffeisen Bank are the only banks that had submitted firm offers to take over the portfolio of assets and liabilities of the Romanian subsidiary of Bank of Cyprus, more

17 apr 2013

The Romanian industry of farming equipment relies on just eight manufacturers, while 23 years ago, when communism collapsed, there were almost 30 manufacturers, says Ion Pirna, general manager of the more

16 apr 2013

Romania’s smartphones and tablets market will continue its fast growth in 2013, but when it comes to paying for online content or for applications, Romanians are rather reluctant to spend money, more

16 apr 2013

Energy Complex Oltenia, Hidroelectrica and Nuclearelectrica, the largest energy producers in Romania, have budgeted significantly higher profits for this year against last year, with upbeat forecasts more

16 apr 2013

Things were pretty clear ten years ago: the mobile phone was generally used to make and receive calls and send text messages, and we would watch movies on TV either from a cable service or from a DVD, more

15 apr 2013

With a stock of several million smartphones and several hundreds of thousands of tablets in use at the end of last year and with higher sales expectations than for any other IT&C segment, apps are more

15 apr 2013

Mark Hilton, the Brit put in charge of the KFC and Pizza Hut chains in Romania last year, said KFC and Pizza Hut’s sales rose by 15% and 10%, respectively, in the first quarter of 2013. more

15 apr 2013

German carmaker Daimler might open a car part plant in Romania, according to market sources. more

15 apr 2013

The evolution of the Romanian insurance market in the first three months of 2013 does not leave room for much optimism for the coming period, as the most optimistic forecasts point to a moderate more

12 apr 2013

The 20 years of entrepreneurship in Romania since the 1989 revolution have not been enough to create a generation of business people, with most entrepreneurs starting from scratch, with no financial more

12 apr 2013

A handful of designers in Paulesti, southern Romania, are sketching dresses and tops for H&M which reach the shelves of stores all over the world. more

11 apr 2013

Foreign insurers brought EUR450 million to the capital of Romanian subsidiaries since the beginning of the economic crisis in order to cover ‘loopholes’ of over half a billion euros triggered by more

10 apr 2013

The tension generated among clients by the closure of the Bucharest unit has not become apparent yet. more

10 apr 2013

If the current conflict between some of Dacia’s employees and the management on the new collective labor agreement drags on, things could “take a dangerous turn for the [Romanian] Mioveni plant, more

10 apr 2013

Exports rose 10% in February 2013 against the same month of the previous year, driven mainly by the auto sector, more specifically the contribution of Ford, which was nonexistent in the first part of more

10 apr 2013

Mutual funds attracted a record net amount of 361 million lei (EUR82 million) from investors in March, almost as much as in the first two months of the year, when the amounts attracted were the more

9 apr 2013

Almost half the Romanian railway network needs capital repair works, but existing lines have received only EUR18 million from the state budget for such works. The bulk of the overall public money more

9 apr 2013

Bancpost and Banca Romaneasca, which were set to merge into a bank with EUR4 billion assets ranking 7th on the Romanian market, will remain two separate entities for the time being after the merger more

9 apr 2013

Romanian Calin Dragan will be appointed president of Coca-Cola East Japan Co., a company resulted from the merger of four Japanese bottlers with total revenue of $10 billion. The appointment makes more

9 apr 2013

The former plant of Israeli dairy processor Tnuva in Popesti-Leordeni, close to Romania's capital city Bucharest, became an acquisition target for Turkish dairy maker Sutas at the end of 2012, when more

8 apr 2013

Investors in green energy kicked off production at facilities with a capacity of EUR350MW in the first two months of the year, following investments of around half a billion euros. more

8 apr 2013

Popovici Nitu & Asociatii law firm, one of the largest on the Romanian market, recorded a 10% rise in gross revenue against EUR12.8 million in 2011, thanks to a stable portfolio of clients and by more

5 apr 2013

Aridon, a company from the Republic of Moldova, has bought the franchise rights for Romania for fashion brands Levi’s, CELIO* and OODJI which it plans to develop on the Romanian market. more