30 oct 2012

Pharmaceutical company Actavis launched 20 new products in the first nine months of the year, with turnover amounting to EUR50 million, according to the company’s general manager Dan Ivan. more

29 oct 2012

Millennium Bank Romania, a unit of Portugal’s largest listed bank Millennium bcp, continued efforts to gain profitability and reduced its loss to EUR6.5 million in the first half of the year, from more

26 oct 2012

Mihaela Nicola, shareholder and CEO of communication group The Group, one of the largest on the Romanian market, said the communication industry will stagnate in 2013, similarly to this year. more

25 oct 2012

Romanian banks should rethink their financing policies and focus on new resources, considering that parent banks are cutting funding to their subsidiaries, central bank deputy governor Bogdan Olteanu more

24 oct 2012

Musette, the Romanian manufacturer of shoes, bags and accessories, will open its first store in Paris, France, in mid-November. After New York, Ulaanbaatar, Luxembourg and Beirut, the shoes made in more

15 oct 2012

The capital market got its image tarnished by the scandal of the fugitive broker Cristian Sima, even though neither the securities market watchdog CNVM, nor the Bucharest Stock Exchange, nor the local more

26 sep 2012

A group of IT investors, which includes Radu Georgescu, founder of IT group Gecad, has launched a platform (http://techangels.ro) that intends to attract investors willing to finance high tech more

21 sep 2012

Franklin Templeton, the manager of Fondul Proprietatea (FP.RO), is considering several options for using the 543 million lei (EUR120 million) profit from 2011 unless it can get a “waiver” from the more

18 sep 2012

Bucharest-based real estate compound Cortina Residence, under bankruptcy, will be auctioned off by its liquidator October 10, at a starting price of EUR9.2 million. more

29 aug 2012

Generali, a top ten company on the insurance market, will stop selling policies under the Ardaf brand and will use one network branded as Generali. It also plans to close a number of branches and more

28 aug 2012

The Romanian Government has decided that the money to be collected this year from the biggest sale of mobile communications licenses in Romanian history - around EUR200 million – will be fully more

24 aug 2012

The government increased personnel spending by 1.1 billion lei (EUR0.25 billion) in the budget revision but cut investment expenses financed by the budget and European funds by RON2 billion. more

23 aug 2012

Bookstore chain Diverta, which is in the process of judicial reorganization, ended the first half of this year with turnover of EUR7 million, down 22% against the similar period of last year. more

21 aug 2012

Stephen Stead, the British executive who abruptly stepped down as manager of pharmaceutical manufacturer Labormed two weeks ago, talked for the first time about the reasons behind his decision to more

14 aug 2012

Leonardo, the largest Romanian footwear retailer, which went insolvent in the second half of 2009, hopes to cut its losses in half this year against 2011, when they amounted to EUR6.3 million. 2012 more

13 aug 2012

The banks are winning hundreds of million euros from financing state-owned hydropower producer Hidroelectrica and any attack against the company is seen as an attack against the Romanian state, said more

9 aug 2012

Sodo Migliori group, which owns the Cellini stores, some of the Swarowski stores and luxury monobrand Gucci on the Romanian market, expects a turnover of over EUR25 million for this year, a stagnation more

31 iul 2012

Romania could use the International Monetary Fund’s flexible credit line facility for its planned new financial agreement with the institution, just as Poland did when it decided to secure more

5 iul 2012

Catalin Pozdarie, the Romanian who has been running sporting goods retailer Hervis since its arrival on this market in 2007, expects sales to be 22% higher in 2012, in line with the first half growth more

5 iul 2012

While the Romanian state’s most valuable asset, Hidroelectrica, is insolvent, companies that buy energy at below market prices and sell it on make significant profits, ending up with turnovers of more

4 iul 2012

The European Football Championship brought twice the number of customers a regular night would have on the outdoor terrace of the five-star JW Marriott Hotel in Bucharest and therefore higher revenue. more

2 iul 2012

Cristian Nacu, partner of Polish private equity firm Enterprise Investors, one of the most active in recent years, says the company will go ahead with its acquisitions despite the fact that consumer more

21 iun 2012

Insurer Alico Asigurari Romania posted a net profit of 74 million lei (EUR16.6 million) last year, 7.4% higher compared to 2010, the highest profit posted on the local insurance market, company more

20 iun 2012

The Romanian Economy Ministry secretary of state Rodin Traicu on Wednesday said the country’s new energy strategy will be completed by the end of July. more

19 iun 2012

The insolvency of Hidroelectrica, Romania's largest power producer, will not end in the company's bankruptcy but its reorganization, which will last 16-18 months and will not entail the sale of any more