05.21.2015

Raiffeisen Bank International (RBI) posted an after tax profit of EUR25 million in Romania in the first three months, up 54% from EUR16 million in September-December 2014, the lender said in a report more

04.23.2015

KMG International (former Rompetrol Group) has contracted a multi-currency facility worth $360 million from lenders BCR, UniCredit Tiriac Bank, Raiffeisen and ING Bank to fund current operations of more

04.01.2015

Agricover Credit, the lending division of Agricover group, got a loan worth EUR10 million for a 7-year period from International Investment Bank (IIB), that will be lent to farmers for working capital more

03.22.2015

Germany’s largest agricultural cooperative, BayWa, has bought 90% in Patberg International, a business started from scratch by a group of former employees of grain trader Nidera in Romania. more

03.04.2015

SIF Moldova and Private Equity Grup Luxembourg want to sell their stakes in Agricola International, which totral over 17%, and other shareholders have preemption right and could make an offer, said more

03.03.2015

Romanian carmaker Dacia launched limited-edition versions of its entire range, except for Dokker Van, which were displayed Tuesday on Dacia’s stand at Geneva International Motor Show, the company more

02.12.2015

Sibiu-based Atlassib, Romania’s biggest international road passenger transport operator, expects a 4-5% increase in revenue and the number of passengers its coaches will carry this year, according more

02.10.2015

Raiffeisen Bank International (RBI) posted an after tax profit of EUR97 million in Romania in 2014, down 3% from EUR100 million a year earlier, due to lower provisions, the lender said in a more

02.05.2015

KMG International, formerly Rompetrol Grup, targets to render its operations more efficient and lower expenses by approximately $130 million by 2018 , estimating to save $30 million this year. more

02.03.2015

The cheaper crude oil will lead to better operating figures for Petromidia refinery, Romania’s biggest oil processing unit, says Catalin Dumitru, vice-president of KMG International, the former more

12.12.2014

Ilinca Paun, who has run the operations of Colliers International, one of Romania’s largest real estate consultancies, for four years, says she’s hit the revenue target for this year, with the more

11.20.2014

Raiffeisen Bank International (RBI) posted an after tax profit of EUR81 million in Romania in the first nine months, similar with the same period of 2013, as the effect of higher taxes on commissions more

11.05.2014

Private equity fund Advent international, whose only remaining Romanian business is medical service provider Regina Maria, is getting ready for an exit, industry sources say. more

10.22.2014

British group International Personal Finance, which owns consumer lender Provident Financial Romania, posted 71.4% higher pretax profit, of GBP2.4 million (EUR3.03 million), in Romania and Bulgaria in more

10.22.2014

Consumers’ appetite for Romanian taste has become an annual business of several tens of million euros for retailers, according to ZF estimates. However, behind brands such as “Bun, din Romania” more

10.02.2014

The 12 networks that operate in the local modern retail after the first nine months of this year reached almost 1,380 stores, 143 more than in late 2013. Companies had to invest EUR130-170 million to more

09.24.2014

TotalSoft, one of Romania’s biggest software producers, controlled by Greek investment fund Global Finance, is set to increase revenue by at least 15% this year and around one third of revenue will more

09.11.2014

KMG International NV, formerly The Rompetrol Group NV, contracted a credit line of $200 million from several banks, at the end of August, which will be used to refinance loans and back the company’s more

09.11.2014

The 70,000-80,000 small stores still operating in Romania are eyed by international retailers, which are trying to attract them in franchise. Thus, in full crisis, Carrefour, as well as Metro more

09.09.2014

Sibiu-based Atlassib company, Romania’s biggest international road passenger transport operator, carried more than 300,000 people in the first half of the year, 7-8% more than in the same period in more

08.11.2014

KMG International, through Rompetrol SA, has completed the process of evacuation and repatriation of 56 of its employees from Libya, amid intensified military conflict in the region. more

07.16.2014

KMG International NV, a unit of Kazakhstan’s state-run KazMunayGas, plans to open 15 new gas filling stations in Romania in the “near future,” the company said Wednesday. more

07.08.2014

The Romanian International Bank (RIB), a unit of Polish financial group Getin Holding, will be rebranded as Idea Bank and will relocate its headquarters to the Hermes Business Campus in northern more

07.07.2014

eMAG IT Research will open a software development center in Bucharest that will create around 200 jobs and will launch its first application in October this year. more

06.19.2014

KMG International NV, a unit of Kazakhstan’s state-run KazMunayGas, is asking for upfront payment for fuel deliveries to Ukraine, amid growing economic instability in the country following tensions more