5 apr 2013

Clients who hold deposits of over EUR100,000 are more likely to be investors than simple depositors, and they should have been aware of the risks they were taking when investing in Cypriot banks, says more

5 apr 2013

The intermediaries of the secondary public offering to sell 15% in Romanian natural gas transmission company Transgaz seem to have learned from the “mistakes in the past” and sought to structure more

4 apr 2013

Analysts believe the Romanian economy will remain on the rise in the first quarter of this year and keep their estimates for 2013 gross domestic product, but signals from the economy are less more

4 apr 2013

The Romanian Government needs to attract new investors in IT by increasing the number of students in specialized faculties, as the 6,000-7,000 graduates per year are not enough to cover market needs. more

4 apr 2013

Early redemptions of life insurance policies reached record highs in 2012, as need for cash stayed high. more

4 apr 2013

Businessman Cristian Preotu, who together with his wife owns the Comtesse du Barry stores (specializing on the premium wine and cuisine) and La Boucherie Francaise (luxury butchery), opened the first more

3 apr 2013

Two thirds of the major real estate assets – malls and office buildings – in Romania are for the moment held by financing banks, reveals a ZF analysis. more

2 apr 2013

Banca Transilvania (TLV.RO) has placed a non-binding bid to buy the operations of the Romanian branch of Bank of Cyprus, market sources told ZF. more

2 apr 2013

German Michael Grewe, one of the longest-standing executives in the car industry, will as of June 1 step down as CEO and president of Mercedes-Benz Romania, an annual business of around EUR180 more

2 apr 2013

In the first quarter of the year major fuel distributors boosted pump prices, although estimates made by oil companies at the beginning of 2013 showed that consumption was expected to stay flat at more

2 apr 2013

In the 100 days in office of the Government led by prime minister Victor Ponta, he presided over 13 government meetings, took five trips abroad, had seven meetings with officials (of the IMF, foreign more

2 apr 2013

The price of corn has fallen to 800 lei/ton (EUR180/ton) in Romania, 30% less than three months ago and the trend points to further declines in the coming period. more

1 apr 2013

The first German CEO in the history of Cosmote and Romtelecom takes over on Monday the management of the largest Romanian group of telecom companies, and is set to have a difficult mission running the more

1 apr 2013

Kronospan Romania, one of the leading players in the Romanian wood processing industry, will this year finalize an around EUR40 million investment in doubling the production capacity of OSB (oriented more

1 apr 2013

Brick sales will remain at a similar level this year to 2012, brick manufacturers agree. They also say the price war will continue this year, writes Business Construct magazine. more

29 mar 2013

Romanian furniture manufacturers exported furniture of almost EUR700 million to the country’s top three export destinations last year, but all three markets recorded declines, shows data of the more

29 mar 2013

Petrom City, the headquarters of the largest company in Romania, Sky Tower - the tallest building in Romania, and Crystal Tower - the only private building in Romania with a heliport, are among the more

29 mar 2013

The crisis erased 135,000 small and medium-sized companies from the Romanian economy, with 385,000 employees left without a job between 2008 and 2011, shows a ZF analysis based on Trade Registry data. more

28 mar 2013

The foreign currency deposits of individuals and companies in Romania have risen by the equivalent of EUR2.3 billion in the past year, with more than a third of the amounts being transferred from more

28 mar 2013

Romanians’ Google searches on their smartphones are currently five times more than in 2010 and have come to account for 15% of the total. This comes amid a change in user behavior and amid an more

28 mar 2013

The ten leading highway construction sites in Romania, with a total length of around 250 km, have already spent EUR1 billion of the expected overall cost of EUR1.8 billion, but they are very far from more

27 mar 2013

Production at Ford’s plant in Craiova returned to growth in March, with the pace climbing to one car per minute, according to company officials. This is the same production pace as that of Dacia’s more

27 mar 2013

About 12 years from the time she took a job in a call center at Connex (now Vodafone), Ana Alexe was promoted to the board of Vodafone Romania, as Director Customer Operations. She is now in charge of more

27 mar 2013

“Prispa”, the house that can produce more energy than it consumes, owned by a family in Bacau county (NE Romania), has obtained the permit to join the energy grid, issued by Germany’s E.ON, the more

26 mar 2013

The Romanian telecom market is one of the toughest in Europe, but it has a potential to grow and Michael Tsamaz, CEO and Chairman of OTE & Cosmote Greece, says for him it is a “personal bet” for more