24 apr 2012

Medical service operator Medas, controlled by the Ateia family (Simona Ateia and Abd Halal Ateia) posted higher than expected growth in revenue last year and the upward trend will continue this year more

24 apr 2012

Alpine Romania, the local subsidiary of Austrian construction group Alpine, which built one of the most expensive office projects in Romania, Petrom City, has in the past year changed its focus to the more

24 apr 2012

Real estate developer Redevco, controlled by Cofra, which also owns the C&A store chain, has put up for sale the only plot it has in Romania, in Tulcea, where it had planned to build a mall. more

20 apr 2012

French executive Stephane Barbazan, the new manager of four-star hotel Novotel on Calea Victoriei in downtown Bucharest says in his first interview with the media that one of the main avenues for more

19 apr 2012

Belgian-held retailer Mega Image is still betting on expansion, the business model implemented since it first arrived on the market. It set out to open 150 stores in 2012 and 2013 (80 and 70, more

19 apr 2012

Israeli bank Leumi has completed its two-year restructuring process, which cut 10% of its personnel and almost halved its territorial network; the bank said it wants to stay in Romania and focus on more

18 apr 2012

Shopping center developers continue investments in Bucharest, with intensive work recorded on three of the city’s construction sites, where cumulated investments are worth around EUR150 million. more

18 apr 2012

The harsh winter made quite an impact on the brewers’ accounts after sales went down by nearly 11% in the first two months of the year, according to ZF calculations based on the data from the more

10 apr 2012

Exports of agri-food products will exceed imports only in 2014, when exports of processed products are expected to rise, while the current bet is on exports to Asian markets, where local producers do more

9 apr 2012

The most important privatization of the past few years, that of copper producer Cupru Min, which exploits 60% of Romania’s national copper reserves, has failed, leaving only unanswered questions more

9 apr 2012

Austria’s OMV-held Petrom might see lower revenue than Automobile Dacia this year for the first time in its history, according to ZF’s estimates. more

9 apr 2012

Men’s fashion retailer Bigotti, controlled by businessmen Ion Olteanu and Emil Rosca, is considering reopening its store on Calea Victoriei in Bucharest, where most fashion brands like Max Mara, more

9 apr 2012

US-based Halliburton group, an about $25 billion business with 70,000 employees, which specializes in providing services and equipment to the oil and gas industry, has chosen Ploiesti (southern more

9 apr 2012

A number of 10,600 rooms in hotels, 11,000 cab drivers, more than 100 restaurants and bars in the old center of Bucharest, museums and dozens of travel agencies bringing foreign soccer fans in Romania more

9 apr 2012

Novartis Pharma Services general manager Elena Mitova said prospects are very good in Romania, adding that she prefers to be here, where potential is bigger than on western markets, which have already more

9 apr 2012

At least 25 companies and banks with cumulated revenue of over EUR1 billion and assets of over EUR30 billion have changed their chief executive officers since the beginning of this year, while a more

7 apr 2012

Canada’s Roman Copper has reached a definitive verbal agreement with Romanian authorities Friday on the acquisition of copper producer Cupru Min, and expects the agreement will be applied, Bayfront more

7 apr 2012

The conditions imposed by Romania’s Government in the draft contract to sell copper producer Cupru Min stated the prospective buyer will carry out additional water and road infrastructure more

7 apr 2012

The privatization of Romanian copper producer Cupru Min has failed as Canada-based Roman Copper Corp. refused to submit an environment investment guarantee, pay within 30 days EUR200.7 million for more

6 apr 2012

There was a time when Kenvelo was leader on the Romanian fashion market, recalls Philippe Besadoux, who has been running Kenvelo’s operations in Romania for almost three years. The market became more

5 apr 2012

Dutch bank Rabobank is one of the most aggressive investors in farmland on the local market, having bought land worth EUR20 million in the last sixteen months, or 10,000 to 15,000 hectares, according more

4 apr 2012

Bank profitability is expected to remain low in the short term in Romania, as the favorable impact on the banking system of the return to economic growth will come with a lag. But profits will pick up more

3 apr 2012

Leu-denominated loans for individuals became more expensive in February after three months of decline in a row, because of bankers seeking to boost revenue even though they are paying less to get more

30 mar 2012

Philip Cox is one of the shareholders of Cramele Recas, a winemaker with almost EUR18 million sales last year, who left the UK in the early nineties and indirectly returned via the company he owns, more

30 mar 2012

Solar energy appears to be the new star of the renewable energy market after two years in which investments in wind farms have been in the spotlight, attracting over EUR1.5 billion. more