4 ian 2013

Almost 16,000 Romanians bought a house or an apartment on credit last year, but only one in ten chose a loan in Romanian lei. more

4 ian 2013

After four years during which the Romanian economy has remained under the threat of recession, it would be high time for the central bank to move away from its “wait and see” approach, says more

4 ian 2013

Nestle, one of the world’s largest food industry groups, has appointed Herve de Froment to manage Romanian operations as of January 1, according to market sources. He previously worked for Nestle, more

3 ian 2013

Romania's economy will rise 2%. Hidroelectrica will get out of insolvency. Another 150 km of highway will be finalized. Bancpost could merge with Banca Romaneasca. These are just a few of the main more

3 ian 2013

Greek dairy maker Olympus estimates its sales in Romania will increase by 20% to EUR55 million in 2013 and plans to continue hiring staff at its Romanian plant in Halchiu (Brasov county), where it more

3 ian 2013

The year 2012 did not bring the rebound awaited over the past four years on the Romanian real estate market, but it did set a few records that will be hard to break in upcoming years, considering more

31 dec 2012

The highest traffic volume in Romania, which will exceed an average of 16,000 vehicles per day in 2015, will mainly focus around the capital city - Bucharest-Pitesti, Bucharest-Urziceni, more

31 dec 2012

Three new hotels opened this year in Romania, following overall investments of more than EUR33 million over several years. more

31 dec 2012

Discount retail chains Lidl and Penny Market could reach sales of around EUR1 billion this year, after they opened 40 new stores in 2012 compared with cumulated turnovers of a little over EUR800 more

28 dec 2012

A number of 1,250 companies had a cumulated turnover of over EUR118 billion in 2011, accounting for around 50% of the overall EUR226 billion turnover of all companies in Romania, shows an analysis more

28 dec 2012

Prospectiuni (PRSN.RO), the geological prospecting company owned by Romanian businessman Ovidiu Tender, has won a EUR79.8 million contract for 2D and 3D onshore prospecting works for OMV Petrom more

28 dec 2012

Economic analysts anticipate the economy will grow in 2013, with estimates for an increase of the gross domestic product ranging between 0.5% and 2.2% after the Romanian economy returned to negative more

28 dec 2012

Gazprom, the world’s largest natural gas producer, wants to open 50 filling stations in Romania by the end of next year, after the recent opening of its first station on the local market, in the more

26 dec 2012

Although one quarter of the almost 1,000 modern food retail units are located in Romania’s capital city Bucharest, in the winter holiday period long lines form in most supermarkets. On average, more

26 dec 2012

If an investor had bought wheat worth EUR100,000 at the beginning of 2012, they would have been able to sell it for around EUR148,000 in the past few weeks of the year, yielding almost 48%, according more

26 dec 2012

The Finance Ministry has a foreign currency liquidity reserve of EUR4.4 billion, only EUR200 million more than on May 8, when Florin Georgescu, the suspended first deputy governor of central bank, more

25 dec 2012

Over 50 transactions were sealed in 2012 worth over EUR1.3 billion, according to a ZF analysis based on data announced by companies and on ZF estimates. more

24 dec 2012

Greek group Piraeus, which took over the Romanian operations of ATE Bank (Greece’s Agricultural Bank), intends to sell the Romanian-based insurance firm affiliated to ATE Insurance Romania, more

24 dec 2012

The Romanian education system is not sufficiently developed in terms of renewable energy to produce young graduates able to meet market requirements, believes Sebastian Enache, business development more

14 dec 2012

The 40 deputies and senators elected in uninominal constituencies in Bucharest had cumulated income of EUR4.1 million in 2011, amounts in banking accounts and investments of EUR140 million. more

14 dec 2012

The most often used expression at the Meet the CEO event whose guest was Henk Paardekooper, head of RBS Romania, was “to be rebuilt” and various synonyms thereof – reinventing careers, more

13 dec 2012

Instead of simplifying the administrative apparatus as it had promised to do, the ruling coalition wants to create new ministries. more

13 dec 2012

Several investors are interested in drugmaker Labormed, one of the few acquisition targets on the Romanian pharmaceutical market, as integration into an international giant could open up a new more

13 dec 2012

The market value of major soft drinks bottler Coca-Cola HBC Romania, the largest soft drinks bottler on the Romanian market, was valued at EUR414 million this year, down 20% against last year, more

12 dec 2012

Macromex, the largest local distributor of frozen products, has entered the ice cream segment by opening the La Strada mini-ice cream parlor in Mega Image in Bucharest’s Vitan mall. more