10 apr 2015

The financial crisis and Asian markets’ upsurge wiped out over 120,000 jobs from Romania’s textile, apparel and footwear industries during 2007-2014. However, during the same period the salaries more

9 apr 2015

Aramis Invest, Italsofa and Taparo are Romania’s biggest furniture exporters in an industry with many entrepreneurial businesses that managed to grow on the basis of orders coming from abroad. more

9 apr 2015

A little more than 270 million passengers chose road transporters last year to travel in and outside Romania, down 1% against 2013, and of this total around 2.5 million passengers traveled abroad, up more

9 apr 2015

After a quite tepid 2014 for Romania’s constructions and transport infrastructure, the first quarter of 2015 breathed new life into these fields. Several highway contracts were signed and an almost more

9 apr 2015

Romanian cable maker Romcab got EUR25 million funding from the International Investment Bank, with the operation being handled by BAC Investment. more

9 apr 2015

The Bucharest National Airport Company (CNAB), which manages Bucharest’s two airports, Henri Coanda (Otopeni) and Aurel Vlaicu (Baneasa), ended 2014 with net profit worth above 106 million lei, up more

9 apr 2015

Sales of TV sets in Romania rose by 10-18% in the first quarter of this year, a pace almost similar with that posted last year, according to estimates by Victor Armaselu, head of the consumer more

8 apr 2015

A&D Pharma, the largest group in Romania’s drug industry, has reached a network of over 10 Punkt-branded pharmacies, according to data compiled by ZF, with the new network taking shape in just a few more

8 apr 2015

Since taking over as general manager of Douglas perfume retailer in Romania, Lavinia Ivas has coordinated the opening of ten stores, but expansion plans do not halt at the 17 units operated at present more

8 apr 2015

Romania’s e-commerce market will reach EUR2 billion this year, double the 2014 level, and will continue to grow in the next ten years as online sales now account for just 2.5% in the overall retail more

7 apr 2015

Romanian drug maker Biofarm Bucuresti (BIO.RO) wants to acquire a pharmaceutical company to gain market share and grow its own business. more

7 apr 2015

Romanian bakery company Spicul, a name with a 160-year history in the local industry, has entered bankruptcy after four years of insolvency and now the plant of Rudeni locality, Ilfov, is put up for more

7 apr 2015

BCR Leasing, a top ten player on Romania’s leasing market, forecasts a 50% increase in the volume of granted financing this year, from almost EUR71 million (RON315 million) in 2014, according to a more

7 apr 2015

The judicial administrator of insolvent Hidroelectrica, Romania’s biggest power producer, will propose to the company’s creditors and shareholders the disbursement of dividends accounting for 80% more

6 apr 2015

Romania’s steel pipe maker TMK Artrom (ART.RO) plans to slightly increase production this year, but also sell it for higher prices, thus generating net profit of almost 60 million lei, up 46% more

6 apr 2015

Romania’s TV set market reached 970,000 units last year, up almost 35% on 2013, with the increase mainly due to consumption growth, the Football Championship and discount campaigns organized on more

6 apr 2015

The average asking price of old three-room apartments in Bucharest went down in March for the first time since the start of the year, hitting an average of around EUR75,300, according to ZF real more

6 apr 2015

Romania’s agribusiness company Biochem, owned by Chimisliu family of Constanta, has teamed up for the use of the silo and the 44,000-ton warehouses it owns in Dragalina with US conglomerate Bunge. more

3 apr 2015

Swiss giant Nestle, a major player on Romania’s coffee and sweets market, is tapping the last segment it was not present on in Romania, retail, with a store it is set to open this summer in Calea more

3 apr 2015

Ever fewer brokers are fighting for a bigger slice of an ever smaller pie, the money of investors on Bucharest Stock Exchange. While the market became richer last year in the wake of the biggest IPO more

3 apr 2015

The company’s revenue rose by 4.5% last year, to 1.7 billion lei, below the 7% consumption increase. more

3 apr 2015

Grup Feroviar Roman (GFR), the largest private railway freight transporter in Romania, part of Grampet group, generated revenue worth around 696 million lei (EUR155 million) in 2014, down 5% in lei more

3 apr 2015

Low-cost airline Ryanair will come to operate flights to seven destinations from Bucharest’s Henri Coanda airport by yearend and wants to carry 700,000 passengers per annum in Romania. more

2 apr 2015

Bancpost, the Romanian subsidiary of Greek group Eurobank, has finalized the restructuring process through which it shut down a quarter of its branch and agency network last year and in 2015 expects a more

2 apr 2015

German retailer Lidl, present in Romania since 2011 when it took over Plus store network, is set to hire around 250 people this year, thus going beyond the 4,000-employee mark. The company will more