7 oct 2011

French hypermarket operator Cora, which until recently had a slow expansion on the Romanian retail market, is shifting strategy: Thursday it announced plans to open 20-25 stores in the next three to more

7 oct 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

6 oct 2011

Bank Leumi, the Romanian subsidiary of one of the largest Israeli-held financial groups, posted a loss of 11.7 million lei (EUR2.7 million) by international standards in the first half, up 46% from more

6 oct 2011

UniCredit Tiriac Bank, the fifth largest lender in Romania, has gained trust to resume branch opening. However, the spectacular plan of opening 300 units in five years announced in late 2010 was more

6 oct 2011

Coca-Cola HBC Romania, the largest company on the local beverage market, enters the fourth month with interim general manager Michalis Imellos at the helm, after the move of former head Calin Dragan more

6 oct 2011

Many homeowners who bought mandatory home insurance policies last year fearing fines did not renew their policies when contracts expired, so that the total number of insured people dropped by around more

5 oct 2011

Almost one fifth of loans taken out by consumers and companies in counties such as Bistrita, Suceava or Galati (northern and eastern Romania) are overdue, double compared to the national average. more

3 oct 2011

Hypermarket networks are resuming expansion in Bucharest as well, with Carrefour, Cora and Kaufland having units under construction in Chitila, Rahova and Vitan districts. There were no new more

30 sep 2011

Ziarul Financiar is set to launch the “Romanian business champions” event series, presenting awards to the most dynamic Romanian-held companies for the third consecutive year. more

4 aug 2011

GE Energy, the energy unit of U.S. giant General Electric, starts a new phase of its presence on the Romanian market by launching a wind farm project in Vaslui, together with a German partner company. more

4 aug 2011

eMag, the largest IT&C online retailer domestically, with EUR102 million in turnover in 2010, on Wednesday also introduced DIY items, such as power drills, trimmers and planers in its product more

4 aug 2011

Austria’s Erste Group Bank (EBS.RO), majority shareholder of Banca Comerciala Romana, or BCR, could pay EUR1 billion for the remaining 30.1% in the bank, which is in the hands of the five regional more

3 aug 2011

A number of 1.3 million foreign tourists stayed at least one night in a hotel or bed and breakfast in Romania last year, and the sum they spent on accommodation is put by ZF at EUR170-175 million, more

3 aug 2011

Clifford Chance Badea, the Bucharest office of the world’s largest law firm, Clifford Chance, plans to go above the EUR10M threshold in revenue this year, a performance only four firms on the local more

2 aug 2011

Mihai Cioltea, the architect behind the expansion of Spanish group Inditex in Romania, who signed contracts for 50 stores in about three years, signals a speedier expansion and announces 15 new stores more

2 aug 2011

The Romanian IT market could be even more challenging than in 2010, as many companies and institutions put on hold projects that are just waiting for the green light to be resumed, says Sebastian more

22 iul 2011

Dan Ioan Popp, founder and main shareholder in real estate developer Impact Bucuresti (IMP.RO), said apartment sales are stalling and the market has not thawed up yet, with the reasons for this being more

22 iul 2011

The Finance Ministry last year collected EUR55 million from Rompetrol Rafinare’s (RRC.RO) EUR571 million debt, and for the remaining EUR516 million it received shares accounting for 44.6% in the more

22 iul 2011

Ursus Breweries saw its sale volumes fall by 3% in April-June 2011 compared to the same period of last year, according to a report of parent group SABMiller. more

21 iul 2011

Marius Cristian Ciocan and Laura Ciocan, owners of online retailer Fungift.ro, set up in 2006, sold 80% of the stock they hold in the company in late June to a company registered in Belgium, reveals a more

20 iul 2011

Fabrice Cambolive, general manager of Renault Commercial Roumanie, is set to be promoted as Renault commercial manager for Russia and Eurasia, a region including members of the Commonwealth of more

20 iul 2011

A best-case scenario says another 42 kilometers of highway are likely to be built in 2011, which would bring Romania’s “highway network” to almost 350 kilometers. more

18 iul 2011

The Government said Romania is a net EU fund beneficiary, and not a net contributor, as it has so far received EUR10.5 billion from the EU, while its contribution to the EU budget totals EUR5.45 more

18 iul 2011

Stephen Jennings, who runs Renaissance Capital, Russia’s largest investment bank and the lead manager of the OMV Petrom (SNP.RO) offering, Saturday said that for him the success of the deal was not more

18 iul 2011

SIF Transilvania (SIF3.RO) ended the first half of this year with a profit of almost 90 million lei (EUR21 million), four times higher than in the same period a year ago, while the profits of SIF more