6 ian 2012

Romanian state-owned power grid operator Transelectrica (TEL.RO) on Friday said it expects revenue of 2.62 billion lei (EUR603.9 million), down 6% on the year, but pretax profit is expected to double more

6 ian 2012

Romanian adjusted retail sales fell 1% in November compared with a month earlier, on lower food product sales, the statistics institute INS said Friday. more

27 dec 2011

Romania’s final consumption of electricity is expected to increase by 5% in 2012, to 48.95 million MWh, according to data from energy regulator ANRE. more

19 dec 2011

Austrian Erste Group Bank (EBS.RO) on Monday announced it has taken over another 6% in Romanian lender BCR, following deals struck with the five regional investment funds, or SIFs, widening its more

16 dec 2011

Volksbank will continue to operate on the Romanian market, and an interruption of activity is out of the question, Friday said the bank’s chief executive officer Johann Lurf, adding shareholders more

16 dec 2011

The niche of delicacy stores is starting to take shape on the Bucharest market, as small businesses seek to persuade consumers that they offer a viable alternative to the mass products found in more

15 dec 2011

The Romanian Economy Ministry will hire by March 31, 2012 advisers for the privatization of several units of power company Electrica SA, according to a couple of draft government decisions. more

15 dec 2011

The government has scheduled to sell 15% in Transelectrica (TEL.RO), Transgaz (TGN.RO) and Romgaz by mid 2012. Hidroelectrica and Nuclearelectrica should follow in the fall. more

9 dec 2011

The delegate general manager of Romanian lender BRD-Groupe Societe Generale (BRD.RO), Sorin Popa, will be promoted on January 2 to Paris headquarters, tasked with the commercial development of the more

6 dec 2011

Romanian Economy Minister Ion Ariton told MEDIAFAX Tuesday that Constantin Trihenea, general manager of state-owned hydropower producer Hidroelectrica, resigned for personal reasons. more

6 dec 2011

The reduction in the number of projects in the private sector, the price battle and public sector issues have hindered the development of the Romanian software and IT services market, says Eugen more

6 dec 2011

On the Romanian market, there are just 2 million boilers and 8.4 million homes, writes Business Construct in its December issue. more

2 dec 2011

Romanian housing construction fell 16.2% to 11,278 units in the third quarter from the year-earlier period, due to declining activity in both urban and rural areas, the country’s statistics more

1 dec 2011

Almost 180 trucks of logistics operator FM Logistic are loaded with products from customers every day, among which Cora, Profi, Bricostore and Carrefour, as well as Nestle, Danone, Coca-Cola and more

30 nov 2011

Italy’s Enel, the largest private company that distributes and supplies electricity to the Romanian market, will invest over EUR100 million to implement a system of online monitoring for high and more

30 nov 2011

Emil Delibashev, commercial manager of British Airways for the Balkan area, which operates direct flights on the Bucharest-London route, says a revenue increase of between 10% and 20% has been more

29 nov 2011

The big question in 2012 is how do we inject “financial substance” into the economy when the current fiscal policy sends out a procyclic impulse toward contraction, while bank loans are getting more

25 nov 2011

Liviu Sfrija, one of the most important people in the fast moving consumer goods industry, is leaving the helm of Henkel Romania, citing personal projects. more

22 nov 2011

Romanian state-run hydropower generator Hidroelectrica could be floated on the Bucharest stock exchange in three to six months, once the technical details of the offering are completed, but an exact more

16 nov 2011

The burden of the fiscal system on the business sector is not the amount of taxes but the excessive red tape, which continues to annoy businesspeople. more

15 nov 2011

Pharmaceutical company Actavis appointed Dan Ivan as general manager of its Romanian operations, replacing Alina Culcea, who was appointed to the position of deputy general manager. more

14 nov 2011

The famous luxury brand Burberry is to open its first store on the local market close to the Christmas holidays season this year. The store will be located inside the Radisson Blu hotel complex in more

14 nov 2011

Dan Minulescu, the Romanian entrepreneur who developed the largest local frozen product business from scratch, has invested EUR17 million in a factory in Campia Turzii (NW Romania), in partnership more

14 nov 2011

Cold cut exports exceeded the value recorded for the whole of last year, but they cannot be considered real exports, says Valentin Soneriu, general manager of CarmOlimp, a top-15 company in the meat more

10 nov 2011

Romanian state-run power grid operator Transelectrica (TEL.RO) Thursday said its net profit soared to 153.4 million (EUR35.2 million) in the first nine months, from RON5.17 million a year earlier. more