04.26.2012

Romanian harbor operator Socep Constanta (SOCP.RO) estimates revenues of 53 million lei (EUR12.1 million) in 2012, down 18.4% on the year, and a gross profit of RON2 million, from RON8.58 million. more

04.25.2012

French group AEW Europe will not buy new properties in Romania this year as there is a lack of funding on the market, and will focus on consolidating the two real estates it owns locally, which more

04.23.2012

Romanian software solution provider Wizrom registered revenues of EUR1.6 million in the first quarter, up 6.6% compared with the same interval a year ago, due to the increase it saw on the business more

04.11.2012

The reorganization of Romania's tax authority ANAF and improvements to the relationship between taxpayers and fiscal authorities will result in an increase to budget revenue of a few points on the more

04.09.2012

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

03.27.2012

Romania’s budget was fully affected by the bad weather in February, moving from a surplus of 0.2% of GDP in January to a deficit of 0.4% of GDP in February. more

03.26.2012

Bucharest's general council has approved the city's budget more than a month and a half after the legal deadline, an extremely optimistic budget even for this election year, with revenues expected to more

03.22.2012

The Romanian government estimates it will raise 3.44 billion lei (roughly EUR800 million) from selling shares in several state-run companies administrated by the industry privatization office OPSPI, more

03.21.2012

Seven of the largest law firms on the local market posted revenue growth last year, as a result of a slight improvement of the business environment and of the increase in revenue they made from more

03.19.2012

Realty developer AFI Europe collected EUR23.85 million last year from rents in the AFI Palace Cotroceni mall in Bucharest, roughly similar with EUR23.7 million in 2010, according to the company’s more

03.14.2012

Carpatair, the Romanian airline controlled by businessman Nicolae Petrov, carried 550,000 people last year, down about 2% on 2010. more

02.28.2012

The growth rate of revenues from the value added tax slowed down in January to 15%, half of the growth recorded in the same month of 2011. The slowdown of revenues collected came as the base effect of more

02.13.2012

Bostina si Asociatii, one of Romania’s largest law firms, reported record revenues of over EUR25 million for 2011, from EUR15.7 million a year earlier, according to the company’s preliminary more

01.24.2012

Romanian software solution provider Wizrom registered revenue of EUR6.15 million in 2011, up 4% on the year, due to an increase in IT solution demand and the interest in software model Software as a more

01.24.2012

Pharmaceuticals distributor Farmaceutica Remedia (RMAH.RO), controlled by businessman Valentin Tarus, budgeted revenues of about EUR60 million for 2012, up 20% on the year. more

01.03.2012

Slovenian-held home appliances maker Gorenje, which has been operating in Romania for a decade now, posted about EUR12 million in net revenues in 2011 and expects 7% growth this year. more

12.22.2011

Arobs Transilvania Software, a company specializing in development of software solutions, recruited 115 people this year, so that it now has 285 employees. The company says it will continue hiring. more

12.12.2011

Bulgarian ceramic tile maker KAI Grup controlled by U.S. private equity firm Advent International, sees the market up by 5% to 10% in 2012. It would thus rebound from the slight decline in volume to more

11.21.2011

Romania’s ruling coalition leaders decided to amend the emergency ordinance regarding funds allotted to local authorities next year, so city halls and county councils will receive more money. more

11.14.2011

The Government expects budget revenues to grow 7% next year if the flat tax remains at 16% and VAT stays at 24% under the scenario of a 2% positive economic growth and an improvement in tax collection more

11.11.2011

Romanian government targets total revenues to the state budget of 95.65 billion lei (EUR22 billion) in 2012, up 13.5% on the year, while overall spending is poised to stagnate at around RON113 more

10.18.2011

Romania’s planned power company Complexul Energetic Oltenia is likely to generate around EUR1 billion in annual revenue, according to estimates of the Economy Ministry. more

10.12.2011

Businessman Iulian Dascalu, the biggest Romanian owner of shopping centers, registered revenue of EUR32.1 million in the first nine months from the Iulius Mall projects in Timisoara, Cluj, Suceava and more

10.11.2011

Romania collected revenues of EUR1.27 billion from tobacco excises in the first nine months of the year, up 38% compared to the same period last years, Sorin Blejnar, head of the tax authority ANAF more

10.07.2011

The revenue achieved in Romania by direct sales company Herbalife rose some 30% in the first half of this year, says Edyta Kurek, East Central Europe & Middle East vice-president of Herbalife. more