14 ian 2013

Omniasig, the largest insurer in Romania, controlled by Austria’s Vienna Insurance Group (VIG), has budgeted a one-digit turnover increase for this year. The company plans to narrow down its segment more

10 ian 2013

The insurance industry could grow this year but do it at a slow pace, as few insurers see double-digit growth. Most of them, however, do expect growth to return to this market in 2013 after the more

5 dec 2012

Only three million Romanians or about 15% of the total population had a life or health insurance policy at the end of last year. In comparison, one quarter of the people in Hungary, and almost half of more

3 dec 2012

Ivatherm, the only Romanian-held dermocosmetics company on the local market, wants to see exports reach about 10% of its sales next year. more

28 nov 2012

The members of the National Union of Insurance and Reinsurance Companies in Romania (UNSAR) settled 3.2 billion lei (EUR710 million) general insurance claims in the first nine months, up 12% on the more

27 nov 2012

The members of the National Union of Insurance and Reinsurance Companies in Romania (UNSAR) ceded premiums of 1.1 billion lei (EUR0.24 billion) to reinsurers in January-September, up 20% on the year. more

8 nov 2012

Retailer Cora Romania, which has a nine-hypermarket network, will open its first mall on the local market in Constanta (southeastern Romania) next June, following a EUR70 million investment. more

4 nov 2012

The six largest Romanian general insurance companies controlled by powerful European groups have reduced their market share on the mandatory car insurance segment RCA by one third over the past four more

10 oct 2012

Sales of optional home insurance amounted to 602 million lei (EUR132 million) in June 2011-June 2012, up 32% on the previous year, after insurers promoted such products aggressively motivated by the more

5 oct 2012

The coffee market rose both in volume and in value in the first six months of 2012, driven by Romanians’ appetite for the product, by the development of various blends and new products, as well as more

5 oct 2012

Michele Nusco, CEO and one of the shareholders of Italian group Nusco, said the company will start the construction of a new office building in capital Bucharest at the end of the year. more

18 sep 2012

Danish toy maker Lego plans to reach 20% market share in Romania in the next three to four years after having approached the 15% initial target much sooner than it had expected. more

5 sep 2012

OMV Petrom (SNP.RO), the largest company on the Romanian market, lost two positions in the ranking of the top 500 companies in Central and Eastern Europe, shows research conducted by consultancy firm more

4 sep 2012

Hezy Ovadia, president of United Romanian Breweries Bereprod (URBB), expects the beer market to pick up after three years of decline and stagnation and says the signals he got from the summer months more

3 sep 2012

Six of the ten largest insurance companies performed double-digit staff cuts during the crisis to keep spending in check after policy sales had collapsed. The ten largest insurance companies had more

10 aug 2012

More than a quarter of the 300 largest companies in Romania by turnover recorded losses last year, with 44 of them posting losses of over EUR10 million, reveals a ZF analysis. more