02.29.2016

Engineering company Siemens Romania registered revenue worth EUR157 million in the financial year 2014/2015, up 15% on the year, and estimates the EU funds assigned to Romania will create new business more

02.17.2016

The Romanian financial leasing market saw a 21% increase in the total volume of new financing on the year in 2015, to EUR1.6 billion, the association of financial companies ALB Romania said in a more

02.09.2016

Over 844,000 telephone numbers were ported in Romania in 2015, up 49.5% compared with 564,648 phone numbers in 2014, according to the data of telecom regulator ANCOM. more

02.09.2016

South-African investment fund New Europe Property Investment (NEP.RO) on Tuesday said its net profit rose 75.8% on the year in 2015, to EUR165.825 million. more

02.05.2016

The 20 largest companies that went insolvent in 2015 posted a turnover of nearly RON5 billion (EUR1.1 billion) last year, a year marked by a high number of companies with turnovers exceeding RON100 more

01.14.2016

Low-cost airline Wizz Air on Thursday said it carried 4.5 million passengers to and from Romania in 2015, up by nearly 16% from 3.9 million passengers a year before. more

01.11.2016

Real estate transactions with office, retail and industrial spaces fell 45% in Romania in 2015, to EUR644 million, from EUR1.16 billion a year before, while in Central and Eastern Europe, except for more

12.28.2015

2015 was the most challenging year of the insurance industry, marked by Astra’s bankruptcy, stress tests and legislative changes. more

12.24.2015

The slump in the oil price from $115 in the summer of 2014 to a staggering $35 in December, the EUR1.7 billion fraud at Petrotel Lukoil, Enel’s decision to stay in Romania and the largest local more

12.22.2015

The year that is about to end was full of deals and business expansion steps of the companies in the private healthcare industry and pharmaceutical retail. While some foreign companies gave up their more

12.21.2015

Danubius Sovata hotel group reported a turnover of RON36 million in 2015, 20% higher on the year, the company said in a statement Monday. more

12.21.2015

The year 2015 came with a breath of fresh air for the food and beverage industry in form of a VAT cut for such products, as well as with several international deals that have an impact on the 40 more

12.18.2015

The year that is about to end saw a steep decline in steel price from almost $500 to $170 in December, which made ArcelorMittal Galati shareholders prepare to cut working hours at the beginning of more

12.17.2015

The year 2015 brought the market back to more than 100,000 new vehicles sold after six years of decline, while in terms of production Romania turned into a regional hub, from the automation of the more

12.16.2015

The year 2015 was one of the most hectic years for the companies in the agribusiness sector, with several deals involving local entrepreneurs, and drought that upset all calculations done at the more

12.15.2015

Romanian state-owned airline Tarom expects a loss of RON49 million this year, from a loss of RON110 million in 2014, and plans to cut staff, the company said in a statement Tuesday. more

12.15.2015

The tourism sector in Romania was marked by a number of international events like the crisis in Greece and the attacks in France, which made many Romanians reconsider their vacations abroad, by the more

12.14.2015

Window PVC profile maker Gealan Romania will end 2015 with sales of EUR20 million, similar to last year’s turnover, the company said in a statement Monday. more

12.14.2015

Management changes, new concepts developed and takeover talks reconfigured local modern retail in 2015, market with 1,600 stores and EUR8.5 billion sales a year. more

04.21.2015

Online commerce, financial, health and wellness services are avenues still insufficiently explored by Romanian application developers, but they are the most attractive areas for those who have the more

01.21.2015

Romanian businessmen consider that the main global risks are fiscal crises of key economies, liquidity crises and a major failure of financial systems, according to Global Risks 2015 report conducted more

01.14.2015

This year's government-guaranteed mortgage lending First Home program will have a maximum guarantee budget of RON2.5 billion plus funds left unused last year, the government decided Wednesday. more

01.13.2015

Romania registered progresses in the last years, but disputes between the Prime Minister and the President could hinder political stability, thus Romania gets a political risk score of 62.7 (moderate) more

01.12.2015

Energy regulator ANRE expects electricity and natural gas consumption to stall this year or even decline slightly amid moves to boost energy efficiency, after electricity demand contracted by 3.8% and more

01.09.2015

The drug market is likely to rise by 2-3% this year, when it may go beyond RON12 billion, according to ZF calculations based on the expectations of the main players in this industry, after a difficult more