15 oct 2013

ArcelorMittal, the world’s biggest steelmaker controlled by Indian billionaire Lakshmi Mittal, will invest EUR92 million to modernize a furnace in France, but it demolishes its furnaces in Romania. more

14 oct 2013

Intesa Sanpaolo, one of the top ten banks in the eurozone by stock exchange capitalization (EUR25 billion) once again has plans to grow its Romanian business after cleaning up its local portfolio. more

14 oct 2013

Coca-Cola, Borsec and Frutti Fresh were the best-selling soft drink brands last year (including bottled mineral water). The three hold an over 28% share of the market by volume, shows a ZF analysis more

14 oct 2013

Romania ranks sixth in Europe in terms of beer consumption, with 89 l/capita, shows a ZF analysis based on data from the Brewers of Europe Association for 2011. more

11 oct 2013

German group Kaufland will build a hypermarket in Bucurestii Noi district of Bucharest, an area so far less covered by large-format stores in the north-west of the capital. Kaufland has a turnover of more

11 oct 2013

Vasile Lucut, shareholder and founder of Unicarm group, one of the largest players on the food market, has ongoing investments of EUR13 million in two photovoltaic parks with a total capacity of 9.5 more

10 oct 2013

The merger of Piraeus and Bancpost, which together have almost 5,000 employees and a territorial network of over 400 offices in Romania, would create an entity with a 5% market share, outrunning Alpha more

10 oct 2013

Adriano Mengotti, who first came to Romania ten years ago, in the early days of the luxury market, says sales of his multibrand Mengotti store on Calea Victoriei street in central Bucharest started more

9 oct 2013

German coffee producer Tchibo is investing in its own chain of stores on the Romanian market, and is in negotiations with all malls in Bucharest to open stores. more

9 oct 2013

South-Korean giant Samsung has become the biggest investor in solar parks in Romania after completing a EUR100-million project in Slobozia, Giurgiu county. more

9 oct 2013

South-African investment fund NEPI plans to start work on three more retail projects in Romania by the end of this year, which will entail a total budget of around EUR200 million. The fund has a more

9 oct 2013

Albin Budinsky, CEO of major transport and logistics company Schenker Romtrans, says the good times of the pre-crisis years are not coming back, but that the company’s turnover could increase in the more

8 oct 2013

The annual percentage rates for the cheapest offers of real estate loans in lei have settled around 6% after banks have in the past two weeks adjusted the cost of loans to the trend of interest rates more

7 oct 2013

Raiffeisen Bank Romania does not await instructions from its Austrian parent bank on how to adjust costs and to make local operations more efficient. This shows in the decision taken in due time to more

7 oct 2013

Providers of fixed internet services restart the battle over highest speed for data services after lately the sector’s attention has been focused on the development of 4G networks developed by more

7 oct 2013

Vanguard Asset Management, one of the pioneers of the Romanian mutual funds market, has decided to liquidate mutual funds Vanguard Protector and Fondul Oportunitati Nationale (FON) because the more

7 oct 2013

Romania features high in the rankings of energy production in the European Union -- it is number 5 in terms of oil and gas production and boasts major growth prospects given the recent Black Sea more

4 oct 2013

Salaries of top managers in retail remain some of the most competitive on the market, as retailers continue investments and recruitment. more

4 oct 2013

Radu Gratian Ghetea, president of the Romanian Banking Association (ARB), says he is not worried about loss to the banking system as a result of court cases that could be brought by individual debtors more

4 oct 2013

The ten leading highway construction sites in Romania advanced by an average of 2% between August 1 and September 1, show ZF calculations based on information provided by roads authority CNADNR. more

3 oct 2013

Insurance brokers want to be able to sell other financial products, such as bank loans, in addition to insurance. A proposal to this effect is set to be finalized and to be sent to the Financial more

3 oct 2013

Romania’s real GDP will return to the pre-crisis level in 2014, after six years and after borrowing EUR20 billion from international lenders. The country’s the public debt has doubled in the more

3 oct 2013

Stefan Poienaru, owner of major farming group Agrofam, has given up his online store selling meat and dairy products two years after launching it and now plans to focus exclusively on the production more

2 oct 2013

Lorand Szarvadi, the founder of electro-IT retailer Domo, has left the company’s Board of Directors, while keeping his position as general manager of Digistore, the group’s online division. Domo more

2 oct 2013

Turnover of Miele Tehnica plant in Brasov should double within the next 3-4 years to EUR55 million, says the plant’s German manager Hartmut Hohaus. more