10.07.2016

Octavian Radu, the owner of the Diverta bookstore chain, is back in the acquisition business by buying two courier service companies in order to form a bigger group that could eat into the market more

04.11.2016

Financial Supervisory Authority (ASF) has validated Radu Craciun as president and general manager of pension fund BCR Pensii at the beginning of April. more

01.06.2016

Cris-Tim, one of the largest meat industry groups in Romania, is headed towards EUR120m revenue in 2016, after having posted EUR105 million sales last year. more

03.28.2015

Romania’s underground still conceals over $200 billion worth of oil, even after 150 years of production, but increased competition, through the emergence of several small players, is needed to take more

03.18.2015

Serial entrepreneur Radu Georgescu says IT incubators are thriving while ten years ago he could not find any entrepreneurs. His ambition now is to get into the smartwatch business. more

02.13.2015

The IT industry is witnessing ‘formidable’ growth in Romania and one thing that shows it is that the centers dedicated to supporting technology startups are packed, which is a radical change from more

11.24.2014

Radu Ghetea, who has been at the helm of Romanian state-run CEC Bank since 2007, says he wants the bank to be more active on the lending market but this depends on finding new capital sources and one more

10.07.2014

Radu Timis, the entrepreneur who founded cold cuts producer Cris-Tim about two decades ago returned to the helm of his business after almost a year of having it run by former finance minister Gheorghe more

09.30.2014

Radu Enache ended his more than 14-year term at the helm of the local subsidiary of Hewlett-Packard (HP) in July, which makes him one of the longest-serving chief executive officers in the local IT more

07.17.2014

Vector Watch, a start-up set up in 2013 by Andrei Pitis, president of the Software Industry Association (ANIS), which plans to launch a smartwatch entirely conceived in Romania globally by yearend, more

04.22.2014

British group Debenhams is in talks to return to the Romanian market under the umbrella of the franchisee of Bulgaria, one year after Romanian businessman Octavian Radu closed down the last two stores more

04.16.2014

Baneasa Developments, through which businessmen Gabriel Popoviciu and Radu Dimofte control the retail area of Baneasa project in northern Bucharest, in 2013 generated net profit of EUR10.3 million more

04.02.2014

Businessman Radu Enache, the owner of the Continental hotel chain, one of the largest in Romania, says he targets a 10% revenue growth this year from EUR21 million last year. However, Continental will more

03.11.2014

Romania’s most famous IT entrepreneur, Radu Georgescu, is now at his fourth exit, after having built companies acquired by Microsoft, Naspers and US-based private equity firm Francisco Partners. more

03.07.2014

The management team of state-owned CEC Bank is unchanged at the moment and Romania’s central bank (BNR) has not received any notification from the Finance Ministry or the lender itself about the more

02.20.2014

Radu Ghetea will be dismissed as head of Romania’s state-run CEC Bank, Prime Minister Victor Ponta said Thursday. more

01.16.2014

The Diverta network now comprises 25 bookstores with an 8,000 square-meter retail area and sales of EUR11 million, compared with 62 units, totaling a 24,000-sqm area in 2010 and EUR22 million in more

07.03.2013

Former Romanian prime minister Radu Vasile, 71, died Tuesday night of colon cancer. more

02.20.2012

Radu Timis managed in 20 years to turn CrisTim into one of the top ten cold cuts producers in Romania, after failing in his first attempts in business. The entrepreneur lost everything on several more

02.20.2012

Radu Timis, owner of CrisTim, one of the largest cold cuts producers, brings the Matache Macelaru brand back into the spotlight, through a EUR8 million investment in “Viennese carts,” as well as more

12.01.2011

Businessman Radu Enache, owner of the Continental hotel chain, sold the Ibis Hotel in Sibiu evaluated at EUR10 million in a sale&lease back deal, company officials say. The contract was signed with more

07.19.2011

Radu Georgescu, one of the best-known Romanian entrepreneurs, who became famous after selling an antivirus solution to Microsoft, is again discussing the sale of a software technology, codenamed more

07.08.2011

The Romanian economy could use the conditions generated by the crisis to come up with stronger local companies, capable of achieving the status of “national champion”, as well as operate abroad more

07.04.2011

Radu Timis, the owner of CrisTim, a EUR79 million business in the cold cuts industry, is diversifying his business through a EUR2.5 million investment in a winery in Prahova county. more

06.15.2011

Radu Timis, one of Romania’s best-known businessmen, owner of meat processor Cristim, is carefully watching profit and wants to focus on exports in the coming years, as low consumer spending in more