9 iul 2012

Italian fashion group Benetton, owner of such brands as United Colors of Benetton and Sisley, sees Romania as a manufacturing market rather than a retail market. more

9 iul 2012

The turnover and new orders in industry recorded rises in May, as did construction works, while energy consumption remained on the decline, according to data from Romania’s statistics institute. more

9 iul 2012

The Romanian subsidiary of Samsung last year posted turnover of EUR361 million, up 63% on the preceding year, shows data obtained by ZF from the Trade Registry. The net profit reported by the company more

9 iul 2012

Large insurers have fully felt the impact on the crisis over the last few years and many of them posted two-digit decline of revenue and lost market share to smaller players or to those that more

9 iul 2012

Each employee of OMV Petrom Gas, Alpiq RomEnergie and British Tobacco brought their companies net profit ranging between EUR250,000 and EUR722,000 in 2011, these being the most profitable employees in more

8 iul 2012

The crisis in the euro zone is the biggest concern to Romania's economy at the moment, said William Jackson, analyst with Capital Economics, who pointed out that the local financial market has more

8 iul 2012

Romanian public institutions and state-owned companies spent over 150 million lei (EUR33 million) on legal services between 2009 and May 31, 2012, during the democrat liberal administration, a report more

6 iul 2012

Romanian President Traian Basescu has been suspended by Parliament with 258 votes in favor, more than the necessary 217 votes. A referendum on whether or not to impeach Basescu will be held on July more

6 iul 2012

Swedish waste-to-energy developer Usitall is considering an investment of EUR200-400 million in Romania to build two power plants, in Bucharest and Galati. more

6 iul 2012

The Romanian leu's depreciation will raise the prices of imported products like food and clothing, as well as the cost of trips abroad, driving consumption down and possibly resulting in layoffs in more

6 iul 2012

The management of Romanian state-owned mining company SNLO has caused significant losses for the state budget, through unlawful spending in 2009-2011, including paying for bogus projects and more

6 iul 2012

The emerging market funds managed by Franklin Templeton are buying OMV Petrom (SNP.RO) shares every day, according to the reports of brokerage firms. more

6 iul 2012

The persistence of political turmoil affects Romania’s perception by foreign investors and may lead to higher borrowing costs, which in turn will have a significant impact on the spending on the more

6 iul 2012

State-run postal company Posta Romana is one step away from insolvency unless it goes through a deep restructuring of its activity, after it cumulated losses of EUR72 million in 2008-2010 and debts to more

6 iul 2012

US grain traders Cargill and Alfred C. Toepfer, the top two players on the local market of farming raw materials, last year managed to post turnover of EUR1.1 billion together, Trade Registry data more

6 iul 2012

Discount chain Lidl, the latest to enter the market of modern retail in Romania in 2011, when it started one of the most aggressive expansion campaigns, ended last year with 1.68 billion lei (EUR375 more

6 iul 2012

Despite having received state subsidies of EUR1.6 billion in the past five years, state-run passenger railway carrier CFR Calatori is still unable to cover its costs from ticket sales, while passenger more

5 iul 2012

Romanian Prime Minister Victor Ponta on Thursday introduced Wesley Clark, retired general of the United States Army, as his new advisor on strategic, security and economic matters. more

5 iul 2012

Romania's Government has issued an emergency ordinance amending the referendum law to provide that the President may be impeached with the votes of the majority of participants in the ballot, people more

5 iul 2012

Romanian drilling company Dafora Medias (DAFR.RO) has signed three contracts with state-owned natural gas producer Romgaz for drilling and preparation works, worth a total 20 million lei (EUR4.4 more

5 iul 2012

Sorin Viorel Ciutureanu, chairman of the board of Romanian oil storage and shipment firm Oil Terminal (OIL.RO), has stepped down less than a month after being appointed and has been replaced with more

5 iul 2012

Registrations of Renault and Dacia automobiles in Germany dropped 4.4% in the first six months of the year, to 77,517 units, making up 4.7% of the market which grew by 0.7% to 1.634 million units, more

5 iul 2012

The Romanian turnover of German power tool producer Stihl increased by more than 20% last year, from 84.2 million lei (EUR18.79 million) in 2010, and this year further growth of 10% is expected. more

5 iul 2012

Romania's Government will fine the contractors that are behind schedule on the construction of the Bucharest-Ploiesti highway and transfer the money to healthcare, to benefit people with incurable more

5 iul 2012

Bitdefender, the company created by Florin and Mariuca Talpes, might have a new round of investments next year to get funding for the expansion of its enterprise security solutions business. more