02.20.2015

The lowering of the value added tax on meat, included in the new Tax Code draft, will boost consumption, reduce bankruptcy of companies in the sector and bring EUR300 million to the state budget from more

02.18.2015

Italy’s utility Enel has temporarily suspended the sale of its Romanian assets, as it already managed to reduce its debts following the successful completion of several transactions included in the more

02.02.2015

Tobacco company Philip Morris International has put Danish Steen Hjortholm in charge of its operations in Romania. more

10.31.2014

The financial crisis and the aggressive expansion of foreign networks toppled the first generation of entrepreneurs in Romania’s food retail, but a new generation is trying to enter the race against more

10.08.2014

End-June, Romanian companies had around EUR10 billion worth of loans taken out directly from banks from abroad, mostly from Austria and Germany, down by the equivalent of EUR1 billion from June 2013, more

09.25.2014

Romanian authorities encourage Italian utility group Enel to stay on the local market and guarantee a friendly and transparent business environment, said Gabriel Dumitrascu, head of the privatization more

09.03.2014

Alba-based Supremia Group, a food ingredient producer controlled by entrepreneur Levente Bara, Suceava-based Betty Ice, the second largest producer of ice-cream owned by Vasile Armenean, and Sonimpex more

08.31.2014

Five companies owned by Romanian entrepreneurs in 2013 raked in almost EUR1 billion from fuel trade and four of them have just 360 employees overall. Romania has only 50 domestic-held companies with more

07.25.2014

Sales of spirits on the Romanian seaside revolve around EUR30 million during the summer season, with preferences and expenses differing on northern beaches from southern ones, reveals a ZF survey 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

06.27.2014

The best-selling spirits brands manufactured in Romania in 2013 were Tarie de Bihor, produced by Scandic Distilleries, Cava D’Oro, a brand owned by Alexandrion, and Unirea, part of the portfolio of more

06.18.2014

Romanian insurance companies sold policies worth 112 million lei (EUR25 million) on foreign markets in the first three months of 2014, up 25% from the same period of last year, according to data more

05.20.2014

The Romanian Lottery Company, leader on Romania’s gambling market, registered net profit of almost EUR25 million in 2013, three times higher than in 2012, according to company data. more

05.13.2014

The European Bank for Reconstruction and Development is interested in buying stakes in Romanian state-owned companies, but is also mulling the country’s small and medium sized companies, said more

04.30.2014

Brand has become a solid argument in end consumers’ buying decisions in the building materials industry as well. more

04.09.2014

Getin Holding, controlled by billionaire Leszek Czarnecki, paid almost 5.8 million lei (EUR1.3 million) for full ownership of Romanian International Bank (RIB), according to the Polish group's annual more

04.09.2014

All the 16 international airports of Romania reported aggregated traffic of 10.7 million passengers in 2013, almost similar to previous year figures and just 6.6% more than in 2010, according to data more

03.27.2014

Nine international groups, holding 12 modern retail networks overall, are still present on the Romanian market, after the departure, in recent years, of Turkey’s FIBA (with G’market stores), more

03.06.2014

Domestic producers state international retail chains are putting high pressure on shelf prices and are also levying a series of taxes such as the shelf or marketing ones, and all of this is hurting more

02.07.2014

South African Rand Refinery, the world’s largest integrated single-site precious metals refining and smelting complex, plans to enter the Romanian market, the company said in a statement Friday. more

12.17.2013

The UK is afraid Romanian migrants could invade its territory after January 2014, when labor market restrictions imposed to Romania workers are lifted, but too little is said about the gains of more

12.13.2013

Romanian brands such as Mobexpert, Altex and AdePlast have managed to become no. 1 on their respective markets and boast turnovers of hundreds of millions of euros, although they were built from more

10.22.2013

Romanian International Bank (RIB) will be taken over by Polish financial group Getin Holding, controlled by businessman Leszek Czarnecki, people close to the matter told Mediafax Tuesday. more

06.12.2013

German car part maker Draexlmaier, the third largest employer in the Romanian automotive industry, plans to hire more than 1,000 people at its Romanian plants in Codlea and Satu Mare, which make more

06.10.2013

Tudor Personal Tailor, a Romanian business worth EUR1 million, is expanding internationally after only three years of activity, by opening a store in Monaco at the end of 2013. more