7 aug 2012

UK’s state-run RBS is taking concrete steps towards putting into practice its strategy to withdraw from its Romanian retail business and focus on services for corporate clients: 350 employees more

7 aug 2012

The private equity company created by Mitt Romney, the Republican candidate to the U.S. presidential elections in November, has bought a 30% stake in outsourcer Genpact, which has over 1,500 employees more

6 aug 2012

EnergoBit, one of the leading players on the market of energy equipment, controlled by three Romanians, will invest EUR40 million in the development of a 27-MW wind farm in Tulcea (SE Romania). more

6 aug 2012

Tudor Dragomir Niculescu, the owner of the Turabo coffee shop chain and one of the first to get the coffee shop market going in Romania, has closed down, in less than three years, all his 50 coffee more

6 aug 2012

Romania’s central bank (BNR) on Monday makes its first principal payment on Romania’s EUR12 billion loan from the IMF, amounting to around EUR670 million from its forex reserve. more

6 aug 2012

The irresponsibility of the entire political class leads to economic decline and weakens the country’s ability to withstand external pressures. more

3 aug 2012

The Government will start talks this autumn over a state aid scheme for small and medium-sized enterprises in the IT sector, after this week it approved EUR100 million in aid for the large companies more

3 aug 2012

Agro Chirnoghi, part of the Maria group controlled by a group of Lebanese businessmen, has, thanks to irrigation, managed to obtain an average production of 5 tons of wheat per hectare, down by a more

3 aug 2012

Entrepreneur Octavian Badescu, who at 36 owns several businesses and has a portfolio of several hundred thousand euros on the Romanian and US stock exchanges, says Romanians tend to avoid thinking more

3 aug 2012

Dumitru Dina, head of nuclear energy producer Nuclearelectrica, a EUR375 million business in 2011, says there is no reason why Romania should not go ahead with its nuclear energy program despite the more

26 iul 2012

Carmen Negoita, vicepresident of the National Securities Commission (CNVM), the authority that supervises the capital market, earned 80% more in 2011 - 637,937 lei (EUR151,887), according to the more

26 iul 2012

The announcement by Finance Minister Florin Georgescu on Wednesday that Romania will seek another two-year precautionary agreement with the IMF is a clear attempt to calm suspicions of foreign more

26 iul 2012

The six largest DIY networks on the Romanian market last year recorded cumulated sales of EUR1.038 billion, up 8.7% on the preceding year as seven new stores opened in 2011 and with 2011 being the more

25 iul 2012

Vodafone will open its “Experience Store” on Thursday in AFI Palace Cotroceni mall in Bucharest, the mobile operator’s largest store yet in Romania. The store will have a completely different more

25 iul 2012

Romanians are stifled by euro loans, cut consumption, while companies count their losses. The depreciation of the leu by 7.4% against the euro this year increases the bills of the population and of more

25 iul 2012

Dairy producer Tnuva, the largest player in the Israeli food industry, has reached the final stage of its exit from the local market, putting up for sale its plant in Popesti-Leordeni. more

24 iul 2012

The EUR100 million state aid scheme prepared by the Romanian Finance Ministry for companies that create 300 new jobs and keep them for five years is welcome, but a program would also be needed for more

24 iul 2012

Romanian leu exceeded 4.6 units against the euro on Monday despite assurances by finance minister Florin Georgescu that the exchange rate will not go over the 4.5 unit threshold. more

24 iul 2012

Romania insolvent state-owned energy producer Hidroelectrica and Energy Holding have agreed Monday on the price of the contract, but Hidroelectrica’s representative also aim to cut the duration of more

23 iul 2012

Horia Manda, managing director of Axxess Capital, the company that manages the Romanian-American Enterprise Fund (RAEF), the Balkan Accession Fund (BAF) and the Emerging Europe Accession Fund, said he more

23 iul 2012

Sales of luxury cars priced above EUR100,000 went up by less than 10% to 166 cars in the first half of 2012, compared with the same period in 2011, according to a ZF analysis based on statistics of more

23 iul 2012

MOL Romania CEO, Kinga Daradics, said it is hard to predict the evolution of the oil market in 2012 amid political uncertainties and problems in the eurozone, after the start of a difficult year which more

20 iul 2012

Businessman Gheorghe Iaciu, owner of Doraly shopping center nearby Bucharest and the largest shareholder of regional investment fund SIF Muntenia (SIF4.RO), will receive dividends of around 7 million more

20 iul 2012

Avon Romania, the largest retailer of direct sales cosmetics, has budgeted a turnover increase for this year, after last year the company’s business fell by over eight percent, almost three times more

20 iul 2012

Businessman Iulian Dascalu, the biggest owner of shopping centers on the Romanian market, collected revenue of EUR20 million in the first six months of the year from rent at his Iulius Malls in the more