9 oct 2015

Romanian Environment Minister Gratiela Gavrilescu said Thursday the country will sue German car manufacturer Volkswagen to recover the EUR30 million estimated damages resulted from selling over more

9 oct 2015

Material handling equipment producer Elmas Brasov posted a turnover of EUR18 million in the first nine months, up 10% from the same period a year before, fueled by the increasing orders on the local more

9 oct 2015

Coca-Cola HBC Romania, the local bottler of Coca-Cola, posted sales of 913 million lei in the first half of the year, up 9% from the same period a year before, mirroring 2014’s growth pace. more

8 oct 2015

Romanian brand “Bun, din România!“, launched in 2014 by supermarket chain Billa, part of German retail group REWE, may post total sales of EUR15 to EUR20 million over the next two years, more

8 oct 2015

Stockholders of Romanian plastic systems maker Teraplast Bistrita (TRP.RO) extended by one more year the mandate of the five members of the Board of Directors, three of whom are stockholders’ more

8 oct 2015

Franklin Templeton, administrator of investment fund Fondul Proprietatea (FP.RO), asks the fund’s stockholders for a new two-year mandate in exchange of keeping the value of dividends to be paid at more

8 oct 2015

Insurance company Grawe Romania underwrote 23 million lei worth of premiums in January to June 2015, down 6% from the same period a year before. more

7 oct 2015

Romanian Ministry of Economy, Commerce and Tourism plans to lay off over 800 persons in the defense sector companies between 2015 and 2017. more

7 oct 2015

BCR Leasing, a top ten company on the financial leasing market, will vote in stockholders’ meeting November 4 on whether to reduce the company’s share capital through diminishing the face value of more

7 oct 2015

Romanian plastic profiles producer Romcarbon Buzau (ROCE.RO) will pay October 26 gross dividends of 2 million lei of 2014’s net profit. more

7 oct 2015

Romania’s Energy Ministry aims to change the constitutive act of electricity distribution and supply company Electrica (EL.RO) and to increase the board members from five to seven. more

7 oct 2015

Heineken Romania, the second largest brewer on the local market, posted 579 million lei (EUR130 million) sales in the first semester, up 5% from a year before. more

6 oct 2015

Gross premiums from voluntary car insurance CASCO and voluntary home insurances set below 2008’s level, while mandatory car insurance RCA are gradually growing on yearly basis, with insurers more

6 oct 2015

International Finance Corporation (IFC), a member of the World Bank Group, has invested a total $450 million in projects in the Romanian financial sector between 2008-2015, representing half of the more

6 oct 2015

Clothing manufacturer Artifex is the second largest company by exports in Vrancea County (eastern Romania), its entire production made at Focsani facility for brands such as Hugo Boss, Massimo Dutti, more

6 oct 2015

Dairy producer Danone Romania posted a turnover of 230 million lei in the first semester, down 1.6% from the same period a year before, reducing the 5% gap reported the first half of 2014. more

5 oct 2015

Sika Romania forecasts a two-digit turnover growth in 2015, from nearly EUR21 million in 2014, on a moderate growth pace of the construction market in August to September after the positive trend in more

5 oct 2015

Romanian regional investment fund SIF Transilvania (SIF3.RO) resumed interested in buying state-owned chemical plant Oltchim Ramnicu Valcea (OLT.RO) with the condition of taking over refinery Arpechim more

5 oct 2015

Dutch investment fund Palmer Capital Emerging Europe Equity, former MEI Roemenie&Bulgarije Fonds, sold 50,000 shares in construction materials manufacturer Prebet Aiud (PREB.RO) on the Bucharest Stock more

5 oct 2015

Around 27,000 persons worldwide used online platform Airbnb to accommodate in a Romanian-based apartment or villa, according to the data of US’ company Airbnb sent to ZF. more

25 sep 2015

Financial Regulatory Authority ASF plans to merge, in 2016, the Bucharest Stock Exchange (BVB) with Romania’s monetary and commodities exchange SIBEX and to introduce a system of facilities or more

25 sep 2015

Romanian call-center services provider Blue Point posted a 68% rise in its eight-month turnover in the first eight months, at 6.3 million lei. more

25 sep 2015

Online recruitment platform bestjobs.ro, the most profitable business of Neogen group, aims to expand in other countries in the region through an acquisition, according to Calin Fusu, the group’s more

25 sep 2015

Swedish apparel retailer Hennes & Mauritz (H&M) posted sales of EUR135 million in Romania in the first nine months of financial year 2015 starting December 1 to November 30, 50% higher from the same more

24 sep 2015

Analysts with ING Bank Romania, the local unit of Dutch-registered ING Bank NV, expect a high-value repurchasing agreement operation next week, without making an estimate on the actual amount. more