28 nov 2012

OMV Petrom (OMV.RO), the largest company in Romania, will have a new chief financial officer as of next year after its current CFO Daniel Turnheim stepped down before the end of his term on April 17, more

28 nov 2012

OMV Petrom (SNP.RO) has gone through a major transformation in the past few years and, but there is still a lot more to be done, as 1,500 projects are in the course of implementation, says Mariana more

28 nov 2012

ONT Carpati, the company that owns 35% in Bucharest’s five-star hotel Marriott and four-star hotel New Montana in Sinaia, will go bankrupt, according to a decision taken Tuesday by shareholders. more

28 nov 2012

South-African internet giant Naspers paid around $80 million in October for a 70% stake in Romania's largest online retailer eMag. more

28 nov 2012

British investment fund Spearhead International, a very discreet player in the Romanian business world, has bought 3,000 ha of land in the southern Romanian county of Dolj, now owning a total of more

28 nov 2012

The Tenaris group, one of the world’s largest producers of pipes, wants to invest EUR80-90 million next year into expanding its facilities in Romania, says Gabriel Podskubka, head of Eastern more

27 nov 2012

US company Xerox has opened a center for IT services and company support services in the eastern city of Iasi, which will hire 500 people by the end of 2013, 100 of whom will be employed this year. more

27 nov 2012

Ioan Niculae, owner of the InterAgro group, will open five Bif-branded gas stations next year in the town of Zimnicea, where the group’s headquarters is located. more

27 nov 2012

The five leading companies on the Romanian construction market have been valued at nearly EUR1.5 billion this year, according to the seventh edition of the “100 most valuable companies in Romania," more

26 nov 2012

eMag, the largest online IT&C retailer, recorded sales of over EUR15 million, similar to those of Altex--the largest electronics, home appliances and IT products retailer on the Romanian market--in more

26 nov 2012

The number of luxury cars registered in the first ten months of this year doubled compared with the similar period a year ago, to more than 900 cars worth almost EUR110 million in cumulated value. more

26 nov 2012

The three Cluj-based entrepreneurs who have since 1990 turned EnergoBit into a EUR160-million business specializing in delivering complete energy solutions have sold the majority stake to Poland’s more

26 nov 2012

The malls own by Romanian businessman Iulian Dascalu recorded a cumulated turnover of almost EUR40 million in the first nine months of the year. more

25 nov 2012

Most construction companies on the stock exchange posted turnover declines, low profits or losses, which shows that 2012 will most likely be another “failed” year for companies in this sector. more

23 nov 2012

Business people want to be optimistic about next year in terms of the evolution of the economy and of businesses, but they are waiting to see what measures the new government will take to improve the more

23 nov 2012

Ioan Niculae, who controls the InterAgro group, expects revenues of EUR55 million this year from bioethanol, which is processed from corn and added to gasoline, and from livestock fodder. more

23 nov 2012

Romanian forests have been very attractive for foreign investors, with the top ten owners by area reaching 134,000 ha, or 2% of the total forest area in the country, according to Business Construct more

22 nov 2012

Vasile Armenean, owner of ice cream producer Betty Ice, one of the largest on the Romanian market, has bought a building in Bucharest’s historic downtown where he will set up an ice cream parlor more

22 nov 2012

Swiss billionaire Andreas Henry Zivy, owner of the Ameropa group, was present this week in Bucharest for the 50-year anniversary of chemical fertilizers producer Azomures Targu-Mures (AZO.RO), which more

22 nov 2012

Ziarul Financiar on Thursday launches the seventh edition of the “Top 100 most valuable companies in Romania” yearbook put together in collaboration with investment boutique Capital Partners. more

21 nov 2012

New Europe Property Investments (NEPI.RO), a South African investment fund set up in 2007, managed to recently raise, in an offering addressed to its UK, South Africa and Romania shareholders, EUR110 more

21 nov 2012

Romtelecom, one of the largest telecom companies on the Romanian market, has launched an unprecedented nationwide campaign, offering free-of-charge analog cable TV services. The offer targets both more

21 nov 2012

Gheorghe Boeru, the entrepreneur behind Romair Consulting, one of the leading consultancy companies in European Union’s funds, posts a turnover of EUR6-8 million a year on a “market” where more

20 nov 2012

Misu Negritoiu, chairman of ING Bank Romania, says he would like to get involved in the management of EU-funded projects after ending his term and that he wants to help raise Romanians’ level of more

20 nov 2012

Companies account for 69% of overall car sales, while sales to individuals fell by 55% in the first ten months of 2012 compared with the similar interval a year ago, according to Business Magazin, more