13 apr 2017

Airbus Helicopters and Romanian state-run aircraft repair and maintenance company IAR Brasov have signed a general agreement for an exclusive cooperation for the heavy twin engine H215M multi-role more

13 apr 2017

Ludwik Sobolewski, the general manager of Bucharest Stock Exchange (BVB) since 2013, owns 25,000 shares in BVB, totaling RON780,000, according to BVB Directors‘ Consolidated Report for 2016, more

13 apr 2017

The revenues collected by Romanian tax authority ANAF in January–March are 1.3% higher compared with the year-earlier period, but 2% lower (RON1.1 billion) compared with the planned amount, Bogdan more

11 apr 2017

The impact of the unitary pay law over the budget deficit is double versus that presented by the government, reaching RON50-60 billion; thus, the budget deficit could reach 5.7% of GDP in 2018, more

11 apr 2017

City Insurance, the third largest insurer on the local automobile liability insurance (RCA) market, with underwritten gross premiums of RON650 million in 2016, will be subject to resolution measures more

11 apr 2017

Black Sea Oil & Gas and its co-venture partners announced Tuesday the awarding of a contract for the drilling of two offshore exploration wells located in the XV Midia Shallow Block, Romanian Black more

11 apr 2017

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10 apr 2017

The acquisition of a further 13.6% of the share capital of the electricity distribution and sales companies operating in the Romanian region of Muntenia was finalized for a consideration of about more

10 apr 2017

82% of institutional investors say environmental, social and governance (ESG) risks have been ignored for too long by the business world, according to EY study - Is your nonfinancial performance more

10 apr 2017

Romanian farming machinery producer Mecanica Ceahlau (MECF.RO) will extend its product portfolio by signing a new strategic partnership with Bellucci & Rossini company, an Italian trailer producer more

10 apr 2017

South-African investment fund New Europe Property Investments (NEPI) will invest EUR40 million in the construction of Shopping City Satu Mare, in Satu Mare county, northwestern Romania. more

10 apr 2017

Sales of Japanese automaker Mazda on the Romanian market surged 17% on the year in the first three months of 2017, to 371 units sold, the company said in a statement Monday. more

10 apr 2017

Romania’s Competition Council has approved the transaction whereby Globalworth Real Estate Investments Limited is acquiring Elgan Automotive KFT S.C. and Elgan Automotive S.R.L. more

7 apr 2017

The price increase of crude oil and oil products, after the recent chemical attack in Syria, could jeopardize Romania’s economic growth, as a fuel price hike would trigger a chain reaction in the more

7 apr 2017

Average prices of apartments put up for sale across Romania rose 7.3% on the year in the fourth quarter of 2016, similar with the growth of house prices in Slovenia (6.9%), Austria (7%), Portugal and more

7 apr 2017

City Grill group, controlled by entrepreneur Dragos Petrescu, targets a double-digit turnover growth this year, to EUR34 million. more

7 apr 2017

Romanian online retailer eMAG will open the largest showroom outside capital Bucharest in Sibiu city, thus continuing the strategy of offline expansion countrywide. more

6 apr 2017

Bucharest Stock Exchange, the most important institution of the local capital market, launches an online petition that Romanians can sign to express support for enforcing a National Investment Day. more

6 apr 2017

Romania (EUR5.5) and Bulgaria (EUR4.4) registered the lowest hourly labor costs in the European Union in 2016, while the highest hourly labor costs were registered in Denmark (EUR42) and Belgium more

6 apr 2017

Linde Gaz Romania, the local subsidiary of Germany’s Linde, world’s largest supplier of industrial gases, has completed the acquisition of Rodmir Expert SA and ITO Industries International SA more

6 apr 2017

The number of contactless payments rose fourfold and the value of transactions rose fivefold in 2016, but the 18% increase of currency in circulation is alarming, Elena Ungureanu, deputy country more

6 apr 2017

Furniture producer Ecolor, controlled by Swedish company Gyllensvaans Möbler, reported a turnover of RON309 million in 2016, up 7% on the year, while 99% of its production was exported. more

6 apr 2017

Bucharest-based cold cuts manufacturer Meda Prod 98, owned by entrepreneur Luchi Georgescu, will invest EUR3 million this year in the expansion of the factory with a new production line for dry-cured more

6 apr 2017

Online car parts and accessories retailer epiesa.ro plans to double its network by the end of the year from the current five units, following investments of EUR250,000. more

5 apr 2017

According to EY EMEIA Fraud Survey, 51% of respondents across Europe, the Middle East, India and Africa (EMEIA), still perceive that corrupt practices happen widely in business in their country more