17 iul 2015

Dan Sandu was proposed the position of first vice-president with CEC Bank, according to sources on the banking market. more

17 iul 2015

Ernst & Young Assurance Services will be the new financial auditor of BRD-SocGen, the second largest bank by assets on the local market, replacing Deloitte. more

16 iul 2015

Swiss cement groups Holcim and French construction materials manufacturer Lafarge completed the merger and listed as LafargeHolcim Wednesday on SIX Swiss Exchange in Zürich and Euronext in Paris. more

16 iul 2015

A 5.5% stake in Romanian abrasives maker Carbochim Cluj-Napoca (CBC. RO) was traded Wednesday on the Bucharest Stock Exchange in a deal transaction worth 952,000 lei. more

16 iul 2015

Insurer Allianz-Tiriac named Dana Lemnaru as human resources manager, replacing Adina Tudor. more

15 iul 2015

SIF Banat-Crisana (SIF1.RO) posted a net profit of 43.6 million lei in the first half of 2015, threefold lower than the same period a year ago, mainly fueled by sale transaction early this year. more

15 iul 2015

Romanian poultry producer Avicola Slobozia (AVSL), does no longer want to be delisted from RASDAQ market and will attempt to transfer on the alternative AeRO market. more

15 iul 2015

The Romanian banking sector may strengthen furthermore, continuing the positive trend in 2014 and early 2015, while the four branches of the Greek-based banks may be put up for sale as part of the more

15 iul 2015

Romanian insurer Asirom, owned by Austria’s Vienna Insurance Group (VIG), named Ovidiu Racoveanu as head of the life insurance underwriting department. more

14 iul 2015

Regional investment fund SIF Oltenia (SIF5.RO) bought a 3,000 stake in vegetal oil producer Argus Constanta (UARG.RO) on the Bucharest Stock Exchange July 9, in a 9,000 lei deal. more

14 iul 2015

Insurer Allianz-Tiriac posted assets worth 2.3 billion lei (nearly EUR515 million) in 2014, up 13% compared with 2013, fueled by the growth of financial investments and intangible assets, the company more

14 iul 2015

The lending revival will boost the life insurance market in 2015, which will be the only source of growth of underwritings on this segment, according to Emilia Bunea, CEO with Metropolitan Life. more

14 iul 2015

The restructuring of energy producers CE Oltenia and CE Hunedoara is compulsory in order to be competitive on the market and the government should appoint a consultant to set up a long-term scenario more

13 iul 2015

Anima, a company that entered the private healthcare market in 2010, aims to increase threefold the number of family practice centers in capital city Bucharest by 2018, to over 80 units. more

13 iul 2015

Romanian oilfield equipment maker Upet Targoviste (UPET.RO) aims to supply drilling equipment to Romanian companies involved in Iraq projects, with a lucrative oil production due to small costs of more

13 iul 2015

Consultancy company Ernst & Young (EY) will draft, over the next six months, a performance-based bonus system for the middle management of Romanian state-run gas producer Romgaz Medias (SNG.RO). more

13 iul 2015

A group of investors made up of brokerage company Swiss Capital, investment management company Swiss Capital Asset Management, Active Dinamic fund and natural person Sorin Apostol own a total stake of more

10 iul 2015

Schindler Romania, the local unit of Swiss elevator and escalator producer posted revenue of 59.1 million lei (nearly EUR13.4 million) in 2014, down 15% from a year before, being the fourth year of more

10 iul 2015

Bayer Romania, part of German Bayer group, posted revenue of 622 million lei (EUR140 million) in 2014 both from healthcare and agriculture divisions, up 10.9% from 2013, and targets the market of more

10 iul 2015

Emerson Romania, part of US group Emerson, posted revenue of 546.3 million lei (nearly EUR123 million) in 2014, up 21% compared with 2013, on transferring to Cluj-Na¬poca some additional businesses. more

10 iul 2015

Swedish apparel retailer Hennes & Mauritz (H&M) will open on Friday in Romania’s capital city Bucharest the largest store in the region, spreading on 4,300 square meters and three levels. more

10 iul 2015

The Romanian make-up market is estimated at 400 million lei (around EUR90 million), accounting for 12%-13% of the cosmetics and personal care market, according to ZF forecasts based on market data. more

9 iul 2015

Romania’s European Union fund absorption rate sets at only 51% in June, six months before the end of the reference period 2007 – 2013. This is the lowest absorption rate among European Union more

9 iul 2015

NN Asigurări de Viata (formerly ING Asigurări de Viata) is looking for new growth opportunities such as health insurances policies in 2016, after touching a 37% market share on the life insurance more

9 iul 2015

Lucian Anghel refused the position of first vice-president with CEC Bank and agreed to remain at Erste Group and Banca Comerciala Romana, according to sources on the banking market. more