08.07.2014

Revenues of mobile operator Cosmote Romania inched up 0.1% in the first half of 2014, to EUR219.8 million, but saw an 8.8% decline to EUR101.6 million in the second quarter, Greek group OTE, owner of more

08.05.2014

UniCredit Tiriac Bank has reached an agreement with Royal Bank of Scotland Romania to acquire the latter’s corporate business, pending regulatory authorizations, the two lenders said in a joint more

08.05.2014

Romanian businessman Ovidiu Tender announced Tuesday his airline Ten Airways has ceased its collaboration with airline Fly Romania over unpaid debts amounting to EUR400,000. more

08.01.2014

In June alone, 88 of the 138 regular flights scheduled under the name of Fly Romania and due to be operated with the aircraft of TEN Airways airline controlled by businessman Ovidiu Tender were more

07.30.2014

OTP Bank Romania on Wednesday signed an agreement with Portugal’s Millennium bcp to purchase the latter’s local subsidiary for a total sum of EUR39 million. more

07.30.2014

Steel trading company Frankstahl Romania, part of Austrian group Frankstahl, registered a 10% increase in the steel quantities traded in the first six months, compared with January-June 2013, and more

07.29.2014

Portugal’s largest listed bank Millennium bcp has booked a provision of EUR34 million for anticipated losses on the planned sale of its Romanian subsidiary, the bank said in its financial report more

07.29.2014

Siemens Romania completed the takeover of software producer LMS Romania SRL Brasov, which will operate under the name of Siemens Industry Software SRL, part of the transaction by which Siemens AG more

07.28.2014

Volksbank Romania on Monday said it has completed the previously announced sale of a portfolio of non-performing loans with a total nominal value of EUR495 million to a consortium of foreign more

07.23.2014

South Korea’s Ministry of Science, IT&C and Planning and Romania’s Ministry for Information Society on Wednesday opened a research center for IT projects in capital city Bucharest. more

07.21.2014

Insurer Euroins Romania underwrote premiums of EUR48.9 million in the first six months of 2014, down 21.7% on the year, according to the data provided by Bulgarian group Eurohold, the company’s more

07.21.2014

Market research company GfK Romania is going to develop the office it owns Iasi (northeastern Romania) into a regional hub that will hire 400 people. more

07.21.2014

U.S. coffee shop chain Starbucks, present in Romania since 2007, wants to double its network in Romania by the end of 2015, and reach at least 18 units. more

07.21.2014

Gorj and Iasi lead by far in the ranking of Romania’s counties with the highest level of retail and corporate loans against the sums in current accounts and deposits set up with banks. The more

07.18.2014

UK-based HSBC Global Asset Management, with assets worth nearly $440 billion, entered the Romanian market, providing portfolio management services and consultancy for investments. more

07.17.2014

Romania ranks 54th among 75 countries worldwide by contingent workforce engagement, while Hong Kong is the highest ranked, followed closely by the United States and China, according to Manpower. more

07.17.2014

Romania’s clunkers scheme must be modified starting next year so that it may primarily sustain cars with low pollution levels and only then focus on driving used cars out of the market, the head of more

07.17.2014

Pfizer will continue to invest in the medium-sized production facility it owns in Cluj, northwestern Romania, according to Nolan Townsend, the American who arrived in Romania in May to take over the more

07.16.2014

Romania’s mobile telephony market is in a much better condition than 3-4 years ago, as retail clients consumed more and the economy’s revival can be felt in the industry, Jean Francois Fallacher, more

07.15.2014

British group Debenhams returns to the Romanian market and might open its first store in shopping center Bucuresti Mall, one year after businessman Octavian Radu closed down the last two stores of the more

07.10.2014

Romanian SMEs currently invest up to 5% of their turnover in IT business solutions, but the funds will increase by over 35% in the next five years as entrepreneurs are more and more aware that such more

07.09.2014

Romania is riskier for business than Bulgaria, Hungary, China, Chile and Malaysia, ranking 26th among 43 emerging market countries classified by Bloomberg from the riskiest to the safest. more

07.02.2014

Fitch Ratings on Wednesday said it has downgraded its long- and short-term ratings on Garanti Bank Romania to 'BB+' and 'B', from 'BBB-' and 'F3', respectively, following a similar revision of the for more

07.01.2014

Romania’s natural gas pipeline linking the local city of Iasi to Ungheni city in the neighboring Republic of Moldova is expected to be operational in the second half of August, Energy Minister more

07.01.2014

Metinvest, a Ukrainian producer of steel and metallurgical solutions, indirectly controlled by businessman Rinat Akhmetov, has opened a division in Romania, called Metinvest Carpathia, and targets more