7 nov 2013

Alpha Bank, one of the top ten banks in Romania by assets, bought a block of apartments in Bucharest, for EUR11.4 million plus VAT, according to the bulletin of insolvency procedures. The more

7 nov 2013

The ten major highway construction sites in Romania advanced by an average 3.3% from September 1 until October 1, according to ZF calculations based on data sent by the country’s public roads more

6 nov 2013

Analysts say the new taxes to be levied as of 2014 will indirectly also affect the population, leaving less money in Romanians’ pockets for consumption. more

6 nov 2013

The main challenge for the Polish CEO of the Bucharest Stock Exchange (BVB) is to persuade foreign investors who subscribed in the Romgaz offering through GDRs in London to open accounts and trade the more

6 nov 2013

Iulia Dobrin, the entrepreneur who more than twenty years ago launched luxury lingerie brand I.D. Sarrieri, decided to relocate her luxury multibrand The Place from Calea Dorobantilor to Calea more

5 nov 2013

Respected French economist Michel Camdessus, who ran the International Monetary Fund for 13 years, will this month be the special guest at ZF’s Gala that will mark the newspaper’s 15-year more

5 nov 2013

The Romanian state collected only 15.7 million lei from banks in the first nine months of this year as earnings tax (tax on profit), 18 times less than in the similar period of 2012, and central bank more

5 nov 2013

Bucharest construction company Delta ACM 93, owned by Romanian businessman Florea Diaconu, expects a 5% increase in turnover in 2013, from last year's EUR113 million. more

4 nov 2013

The Howard Johnson hotel in Bucharesthas asked to be downgraded from five to four stars in order to be able to host events organized by pharmaceutical companies. The latter decided last year to no more

4 nov 2013

Banca Transilvania (TLV.RO), the Romanian bank that has gained around 2.5% of market share since the beginning of the crisis, has no skeletons in its closet, says Omer Tetik, the bank’s CEO. He more

4 nov 2013

The three major rating agencies Standard & Poor’s (S&P), Moody’s and Fitch have not improved their assessment of Romania’s country risk, despite the fact that the country has been praised as more

1 nov 2013

Small investors subscribed over 153 million shares overall in a public offering for 15% in gas producer Romgaz Medias, the most valuable state-owned company. At the maximum price of RON32, the value more

1 nov 2013

Romanian state-run airline Tarom, where private management was introduced in November last year, is recruiting a new CEO, as well as a new Financial Officer, Commercial Officer and Operating Officer. more

1 nov 2013

Josef Goschy, owner of hotel chain Unita Turism, which has 25 hotels across Romania, says his three-star hotel Egreta in Tulcea (harbor in SE Romania) is working almost at full capacity after it more

31 oct 2013

Romanian agriculture, a market that produces EUR16-18 billion per year, still has room for growth by using untilled land, as well as by improving productivity through investments in technology. These more

31 oct 2013

Replacing the conventional lighting system with lighting devices that use LED (light-emitting diode) technology, could bring savings of around EUR1 billion for Romania’s local budgets over the next more

31 oct 2013

Romanians spend EUR190 million a year on laundry detergents, a yet underdeveloped market. more

30 oct 2013

The problem of tax evasion is systemic and has been perpetuated over time, affecting budget revenue collection. It has also affected honest companies, which have to compete against many players who more

30 oct 2013

The manager of software developer Siveco is in final negotiations to buy back the 32.5% stake held by investment funds Enterprise Investors and Intel Capital, say market sources. more

30 oct 2013

Tudor Cirstea, who been working for almost 10 years in energy trading, currently handles on his own the business in South-Eastern Europe of Freepoint Commodities. The company is headquartered in the more

29 oct 2013

Contracting authorities last year awarded contracts worth a total of EUR15 billion through the electronic public procurement system (SEAP) - 103,911 contracts granted to a total of 9,268 companies, more

29 oct 2013

The 4.3 million individual clients with ongoing loans pay bank installments of around EUR6 billion (RON27 billion), according to ZF calculations based on people’s indebtedness level, as it results more

29 oct 2013

Insurance companies held by foreign groups received capital injections of EUR117 million since the beginning of this year, according to aggregate data from the Trade Registry. The bulk of the money is more

28 oct 2013

A team of Romanian programmers in Iasi (NE Romania) is developing software to be used by the Dutch Government to collect taxes, says Karim Henkens, the global CEO of Dutch company Centric IT more

28 oct 2013

Banks’ supremacy on the market of government bonds is about to end after local clients of government bonds, who include pension funds, as well as foreign clients have boosted their portfolios to more