23 oct 2013

Romanian regional investment fund SIF Oltenia (SIF5.RO) Wednesday sold its entire stake (28.77%) in medicine producer Biofarm Bucuresti (BIO.RO) in a special deal worth 96.07 million lei (EUR21.6 more

23 oct 2013

The takeover by French group Auchan of Real hypermarkets in Targu Mures and Craiova (Romania), where the group almost hit a 40% market share, is conditional on observing several requirements, more

23 oct 2013

There are tens, “maybe even more than a hundred” regional retail pharmacy networks with at least five pharmacies in Romania, says Robert Popescu, chairman of the Association of Pharmaceutical more

23 oct 2013

Turkish group Bozlu will open its first Neolife medical center in Romania, in Bucharest, at the end of 2013, following a EUR15 million investment. more

23 oct 2013

Independent gas stations hold 10% of Romania’s gasoline and diesel oil market, estimated by ZF at $5.5 billion (EUR4.5 billion) last year. more

22 oct 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

22 oct 2013

Romanian chemical plant Oltchim doubled turnover to EUR11.43 million in September 2013, from EUR5.6 million in the similar interval a year ago, the company’s court-appointed administrators said in a more

22 oct 2013

Andrew Highcock, who has been serving as Ursus Breweries president over the past two years, will take over as president of Kompania Piwowarska, Poland, part of group SABMiller. more

22 oct 2013

The turnover of Romanian medical drug distributor Mediplus, part of pharmaceutical group A&D Pharma, will increase over 10% this year, Robert Popescu, the group’s general manager, told Mediafax more

22 oct 2013

The Bucharest stock exchange closed down Tuesday and investment fund Fondul Proprietatea (FP.RO), which ended 0.25% higher, secured half of the bourse’s liquidity, of 18.4 million lei (EUR4 more

22 oct 2013

Parallel exports of medicines fell this year compared with 2012 and 30%-40% of parallel trade is made through retail drugstores engaged in wholesale distribution, according to the Association of more

22 oct 2013

Smartphone sales exceeded feature phone sales for the first time in September and they might hit a record high in December, considering that mobile operators, retailers and producers are all focusing more

22 oct 2013

The average price of computers is on the rise in Romania as most low-income consumers opt for tablets or smartphones, Bogdan Georgescu, channel account manager at Intel Romania, told ZF. more

22 oct 2013

Romanians are more optimistic regarding their country’s economic development this year and both their willingness to buy and income expectations increased in the third quarter of 2013 compared with more

22 oct 2013

A quarter of the leading managers in the Romanian economy are foreigners and 150 top executives were either promoted or changed their job in 2013. more

22 oct 2013

Bucharest’s heavy industry has been turned into scrap iron or relocated on the outskirts at best in the last ten to fifteen years and the former plant sites have and will continue to be used for more

22 oct 2013

British-born Stephen Stead, who in August 2012 stepped down as CEO of Labormed, has returned to the pharmaceutical industry in a regional position within Ranbaxy and is based in Romania. He is more

21 oct 2013

U.S. energy giant Chevron will resume shale gas exploration in Pungesti commune, eastern Romania, when it is clear to everybody that the methods used by the company are the best, Chevron manager Tom more

21 oct 2013

Romanian telecom operator RCS&RDS will launch a 7-year bond issue on external markets on October 29, aiming to raise EUR350 million to refinance its current debts, people close to the matter told more

21 oct 2013

Romania’s Finance Ministry has raised EUR500 million in a reopening of its September 2020 dated Eurobond in international markets Monday, with the average yield falling to a record low of 4.15% a more

21 oct 2013

The Bucharest stock market fell 0.68% Monday and small investors continued to sell shares in their portfolio to raise money to participate in an initial public offering for 15% in Romgaz. more

21 oct 2013

About 1,734 Romanian firms defaulted on their debts in September 2013 and the number of insolvencies reached some 20.220 in the first nine months, up about 7% on the year, according to Trade Registry more

18 oct 2013

Regional investment fund SIF Crisana-Banat (SIF1.RO) wants to buy 50.37% of construction firm Transilvania Constructii (COTR.RO) for 23.8 million lei (EUR5.3 million), or RON50 per share. more

18 oct 2013

The Bucharest stock exchange opened down Friday in apathetic market and amid low volumes. more

18 oct 2013

Residential compound Arena Residential in Iasi, northeastern Romania, has been put up for sale at a starting price of EUR6.4 million. more