22 mai 2014

Romania’s five largest money managers ended 2013 with net cumulated profits above RON34 million, mainly generated from the management of low-risk mutual funds. more

22 mai 2014

Beer sales declined by 6% in the first three months of this year, continuing the downward trend of 2013, according to ZF calculations based on National Statistics Institute data. more

22 mai 2014

Clever Tech, a company set up in 2011 by two Polytechnic University graduates, whose main asset is an application through which over 5 million taxi rides have been ordered in three years in eight more

21 mai 2014

The loan IFC, the World Bank’s investment arm, granted to Czech-held APS Holding for the takeover of NPLs in Romania is likely to be used by the company for the purchase of three or four portfolios, more

21 mai 2014

Expur, a major player on Romania’s vegetal oil market, will complete, in autumn, the relocation of industrial equipment taken over from Cargill in early 2013 in the wake of the deal by which it also more

21 mai 2014

Businessman Ioan Tecar, owner of group MG-Tec, which includes 10 companies, started a EUR20 million investment from own funds and state aid of EUR10 million to acquire and install a tissue paper more

21 mai 2014

Cash&carry store chain Selgros saw its revenue drop below the EUR700 million threshold and profit shrink to less than one third of the 2008 level, to EUR12.2 million, in 2013. Alexandru Vlad, the more

21 mai 2014

Giants Colgate-Palmolive, Procter&Gamble and GlaxoSmithKline control around 80% of Romania’s EUR45-50 million toothpaste market. US Colgate-Palmolive is market leader in all Central and Eastern more

20 mai 2014

Romanian courier services provider Urgent Curier, controlled by Corina and Sebastian Balasescu, ended 2013 with 28% higher revenue in lei against 2012, fueled by the growth of online sales. more

20 mai 2014

The Romanian Lottery Company, leader on Romania’s gambling market, registered net profit of almost EUR25 million in 2013, three times higher than in 2012, according to company data. more

20 mai 2014

Marex and Vegetal Trading companies, controlled by entrepreneurs in Braila, entered insolvency proceedings at their own request amid a cash crunch. The companies’ biggest creditors include BCR, more

20 mai 2014

Continental Hotels, one of the biggest hotel chains in Romania, stayed in line with the forecasts in the first three months, as its revenue went up 10%, the growth pace predicted for the entire year, more

20 mai 2014

Electronics, home appliances and computer retailer Domo wants to gain the leading position on the market in the following year, according to Kim Keollner, the South-Korean executive brought at the more

20 mai 2014

Romania retained the third position in Central and Eastern Europe in terms of poultry output in 2013, with a 4% increase against the previous year, but production is below the peak level of the past more

20 mai 2014

Romanians spent a little less than one billion euros on cosmetics, personal care and beauty products last year, with the largest part of the sum being earmarked for perfumes (EUR200 million) and more

19 mai 2014

Gaesti-based electrical home appliances producer Arctic ended last year with revenue of 1.42 billion lei (EUR321.5 million), up almost 4% on the year. While revenue continued to rise, the growth pace more

19 mai 2014

Three companies holding over 30% of the insurance market are going through rough times. more

19 mai 2014

Private mandatory pension funds (pillar II) held investments of 2.3 billion lei in stock of companies listed on the bourse at the end of March, double the volume posted in the same period of last more

19 mai 2014

So far, 25 hypermarkets have been built in Bucharest, operated by Carrefour, Auchan, Kaufland and Cora networks. In the next two years, their number could go to 36 or even 40 units, in the wake of more

19 mai 2014

In the past five years, the real estate portfolio of investment fund NEPI has swollen from less than EUR100 million to over one billion euros. South-African-born Martin Slabbert, the fund’s chief more

19 mai 2014

Automobile Dacia, Romania’s largest carmaker and also the country’s biggest exporter, at the end of the five years of crisis (2009-2013) reached record high revenue of EUR4.16 billion, double the more

19 mai 2014

Entrepreneurial businesses of modern retail are set to remain under the sign of the crisis in 2014 as well, as consumption appetite is still feeble and international chains are adding several hundred more

19 mai 2014

Bankers are still among the best paid employees in the Romanian economy despite the restructuring drive the sector has witnessed in recent years. At the end of March, banking employees’ net average more

16 mai 2014

Both in Romania and in Europe, there are significant sums available for purchases of bad loans, but a certain deadlock is created by banks’ price demands, states Mihai Ionescu, Deutsche Bank manager more

16 mai 2014

South-Korean giant Samsung in 2013 generated revenue of around 2.85 billion lei (EUR644 million) in Romania, up 20% year-on-year and almost 80% higher than in 2011, the first entire year of direct more