18 iun 2012

Dragos Petrescu, the most powerful Romanian entrepreneur in the restaurant business, has expansion and acquisition plans for this year after noticing an increase in the average bill and customer more

13 iun 2012

Violeta Ciurel, CEO and president of AXA Life Insurance Romania, will also take over as president of AXA Insurance Hungary, starting on July 1. more

12 iun 2012

Constantin Toma, the man who created and ran Omniasig for sixteen years until 2011, sold the controlling interests in non-life insurance company Platinum to Germany’s Gothaer. more

12 iun 2012

The Antonescu family, which owns travel agency Marshal Turism, has invested EUR5 million into the latest five-star hotel in Bucharest, which it inaugurated on Calea Dorobantilor (central Bucharest) on more

4 iun 2012

RBS Romania, a subsidiary of the British banking group RBS, ended 2011 with a net profit of over 100 million lei (around EUR22.4 million), down 30% on the year, but remained one of the most profitable more

1 iun 2012

Khaled El Solh, one of the founders of cold cuts producer Caroli Foods Group, who has been running the company since the second half of last year, intends to bring the company back to growth after two more

30 mai 2012

Romanian thermal power producer CE Turceni Wednesday said it has swung to a net profit of 55.5 million lei (EUR13.1 million) in 2011, versus losses a year earlier, helped by a 47% increase in sales more

29 mai 2012

Retailer Mega Image, member of Belgian group Delhaize, said Tuesday it will open three more stores in Bucharest by the end of May, bringing its Romanian network to 136 units. more

23 mai 2012

Romanian private medical services provider Sanador registered EUR16.2 million in turnover last year, up 60% compared with 2010. more

22 mai 2012

Romanian state-owned lender CEC Bank Tuesday reported a 26.6% increase in its net profit to 67.4 million lei (roughly EUR15.2 million) in 2011, on higher revenue from lending. more

11 mai 2012

Mega Image, a member of Belgian group Delhaize, will open Saturday its 130th supermarket in Romania, in Bran, Brasov county. more

9 mai 2012

United Romanian Breweries Bereprod (URBB), whose portfolio includes Tuborg and Carlsberg beers, Bilbor water and Granini soft drinks, ended the first quarter of the year with stagnating sales compared more

8 mai 2012

Businessman Mihai Miron, who controls pharmaceutical company Ropharma, says he plans to have production growth outstrip total turnover growth this year. This is the first time Mihai Miron has ever more

3 mai 2012

German group Siemens' turnover on the Romanian market exceeded EUR500 million in the last three years from its operations in industry, energy, healthcare and IT. more

2 mai 2012

Johann Lurf will step down as president of Volksbank Romania, after two years in the position, and the bank will have a replacement in June. more

30 apr 2012

Romania's largest banking group BCR Monday reported the widest quarterly loss since it was taken over by Austria’s Erste Bank (EBS.RO) in 2006 as rising risk costs continued to hurt the bottom line. more

18 apr 2012

The expansion of the Bucharest bourse’s alternative trading system to include US-listed companies could lead to greater transparency on the local market, as investors would want to benefit from the more

18 apr 2012

Romania wants a new safety net from the World Bank – a EUR1 billion line of credit that would allow the Finance Ministry to cover financing needs if turmoil intensifies on the financial markets. more

6 apr 2012

Romania and the International Monetary Fund will hold a new round of talks regarding the state companies proposed for privatization or listing on the Bucharest Stock Exchange, Economy Minister Lucian more

2 apr 2012

Former OTP Bank director Gabriel Cretu was appointed Head of Sales at Romanian credit broker KIWI Finance, replacing Traian Stancu who was promoted to the position of Chief Operating Officer. more

28 mar 2012

Lawyer Gabriel Zbarcea, managing partner of Tuca Zbarcea & Asociatii, says there can no longer be any spectacular increase in the revenue of law firms once a certain level is reached, in the absence more

27 mar 2012

Bids in the secondary public offering of Romanian power grid operator Transelectrica (TEL.RO) passed the 100% mark Tuesday, so that the government will sell the entire 15% stake in the company put up more

20 mar 2012

Authorities will terminate the bilateral contracts concluded by Romanian state-owned hydropower producer Hidroelectrica with the so-called “wise guys”, if the energy buyers refuse new terms, more

14 mar 2012

Private managers will firstly be installed at state-run companies Oltchim (OLT.RO), Romarm and Hidroelectrica, and then to Electrica Furnizare, Economy Minister Lucian Bode said Wednesday after a more

13 mar 2012

Leonardo, the largest local footwear and leather items retailer, which went insolvent in the second half of 2009, sold more than 4 million pairs of shoes at an average price of EUR18/each last year. more