2 oct 2013

Bookstore chain Diverta has closed down 36 units since becoming insolvent in 2010 and is now left with 26 stores. more

2 oct 2013

Producers of cigarettes, meat and sunflower oil together had total exports of around EUR460 million in the first half of this year, shows a ZF analysis based on the official statistics of the more

1 oct 2013

While Romanian-French relations are heading towards a dead end, Romania remains a source of wealth and profit for France which has businesses in Romania in the banking, gas, auto, cement and telecom more

1 oct 2013

Immochan, the real estate division of French group Auchan, started construction of the first stage of real estate project Coresi Brasov in central Romania. more

1 oct 2013

Public offerings conducted by state-run companies on the stock exchange have created a favorable environment for privately-held companies looking for capital, says Matei Filipidescu, head of the more

1 oct 2013

The volume of loans overdue by at least one day continued to climb in August and shows no sign of slowing down. The total value of overdue loans recorded by the banking sector hit a new peak of 33.3 more

30 sep 2013

Former finance minister Gheorghe Pogea mber 2009 has taken over as general manager of Romanian cold cuts producer CrisTim since early August. more

30 sep 2013

The private banking division of UniCredit Tiriac Bank has reached a portfolio of nearly 3,000 clients following the transaction completed earlier this month whereby the bank took over all the retail more

27 sep 2013

Wind energy has been one of the few sectors to record a major boom in the years of crisis after the crash of Lehman Brothers in 2008. more

27 sep 2013

Romania needs to invest in a new uranium mine in central Romania if the country wants to use internally-made, cheaper uranium for its nuclear power plant at Cernavoda. Otherwise Romania will have to more

27 sep 2013

Czech Tomas Spurny, who took the helm of Romania’s largest bank BCR in April 2012, has managed to bring the bank back to profit at the end of the first half of 2013. more

26 sep 2013

Fondul Proprietatea’s plan to launch a public tender offer to buy back 600 million or 4.35% of its own shares could be the last chance for Franklin Templeton, the fund’s manager, to keep its more

26 sep 2013

Indian industrial group African Industries plans to invest EUR200 million in a 500,000-ton steel plant in Oltenita (southern Romania), but first it wants to see the outcome of negotiations for the more

25 sep 2013

The confidence in the Romanian economy climbed to a 16-month high thanks to an improvement in perception of conditions in the current business environment, according to the macroeconomic confidence more

25 sep 2013

Orange Romania, the largest mobile telephony operator on the local market, has set up a new company through which it will provide support services to other subsidiaries of the French telecom group. more

25 sep 2013

Indian African Industries Group, the largest producer of rebar in West Africa, said it is interested in taking over Mechel’s former steel plants in Romania, which are currently insolvent. more

25 sep 2013

Nearly 70 companies in Romania will attend this year’s edition of Anuga, the world’s largest food and beverage fair held in Cologne, Germany, with a view to find new trading partners in terms of more

24 sep 2013

Unknown Properties Limited, registered in Cyprus, bought for EUR13 million the 35% stake that bankrupt ONT Carpati held in Societatea Companiilor Grand (SCH Grand), the owner of five-star hotel JW more

24 sep 2013

Overdue debts of private companies and state-owned companies in Romania increased between 2008 and 2012, reaching around 20% of the country’s gross domestic product (nearly RON120 billion). more

24 sep 2013

Low-priced clothing and footwear store chain Miniprix would settle this year for a turnover similar to last year’s because the financial crisis is not over yet, said owner Ana Maria Cristina. more

23 sep 2013

The case of the share theft in which Ana Maria Mihaescu, head of the IFC mission in Romania, had shares worth 900,000 lei stolen from her account, raises new questions as to the safety of holding more

23 sep 2013

Auchan Romania plans to attract 10 million more customers in the Romanian stores it bought from Real, a 30% increase on the 36 million customers of the Real stores in 2012, Patrick Espasa, CEO of more

20 sep 2013

The price of the ten main food products in the consumer basket went up by 24% during the five years of crisis, with the biggest rises being recorded for pasta (over 50%), chicken (48%) and sugar more

20 sep 2013

The fees paid by Romania to managers of external bond issues went from several hundred thousand euros to over one million euros. more

20 sep 2013

The opening in less than a month of the Promenada Mall in northern Bucharest will set off one of the biggest battles for clients in Romanian modern retail: the mall’s owner, Austrian Raiffeisen more