22 aug 2012

Romanian lingerie and swimwear manufacturer Jolidon expects to return to profit this year after three years of losses and see its sales go up by 15% on 2011. Sales stood at 90 million lei (EUR20 more

22 aug 2012

Liliana Solomon, 48, was promoted in July as chief financial officer (CFO) of British mobile telephony group Vodafone for Europe, and will be in charge of the company’s activity in eight countries. more

22 aug 2012

Insurance sales stabilized in the first half of this year, but some major insurers continue to feel the effects of the crisis and to lose ground to smaller companies or to those who promoted mandatory more

22 aug 2012

Almost EUR20 billion could go towards consumer spending and the state budget if the 2.5 million Romanians aged over 18 working abroad were employed in Romania, according to ZF calculations taking into more

21 aug 2012

Philcare Franchise, owned by Carl Sampers, who developed the Subway restaurant network in Hungary, wants to open 15 bam boo gift shops in Romania and other countries next year, through franchising. more

21 aug 2012

The sales of Coca-Cola Hellenic in Romania dipped by volume in the first half of the year, because of the challenging macroeconomic conditions, coupled with recent political uncertainty, according to more

21 aug 2012

Low-cost airline Wizz Air will move its operations to the Cluj-Napoca International Airport between August 30 and September 5, during which time Targu Mures airport will be closed for maintenance. more

21 aug 2012

Romanians paid 10.4 billion lei (almost EUR2.4 billion) worth of shopping by card in the first half, up 22% year-on-year. One fifth of this amount was spent in shops abroad, according to Romania’s more

21 aug 2012

Stephen Stead, the British executive who abruptly stepped down as manager of pharmaceutical manufacturer Labormed two weeks ago, talked for the first time about the reasons behind his decision to more

21 aug 2012

Catalin Mahu, the Romanian businessman who owns the La Mama restaurant chain and the Cafepedia coffee shops, says that his business grew by up to 10% in the first seven months of this year, driven by more

21 aug 2012

BCR, BRD and Banca Transilvania, the three largest banks on the Romanian market, spent more than 1.8 billion lei (EUR0.4 billion) on employee salaries last year. This means 56% to 59% of the total more

21 aug 2012

The drought made livestock feed up to 70% more expensive in farms, but the cost increase has not yet been seen in shelf prices. What will happen to the price of meat this autumn? more

20 aug 2012

Shopping center Cocor Bucuresti (COCR.RO) reported losses of 7.9 million lei (EUR1.75 million) in the first half of 2012, up 4.6 times on the similar period of last year, when its losses stood at more

20 aug 2012

Romania's mandatory and voluntary private pension funds gained 332,190 contributors between July 2011 and July 2012, growing from 5.34 million to 5.67 million participants, according to data published more

20 aug 2012

Belgian company Electrawinds will build a 100 MW wind power park in Harsova, Constanta county, its second such project on the Romanian market. more

20 aug 2012

Romania will increase the subsidies for eco-farming from EUR3 million to EUR4 million, and beneficiaries will no longer be required to have no debts to the state or local budgets. more

20 aug 2012

Work is close to completion on the over 400-space underground parking lot in Bucharest’s central Piata Universitatii area, with engineers and workers on the project’s construction site on Sunday more

20 aug 2012

Almost a fifth of the 400 dealers present on the Romanian market in 2008 have closed down shop in the past four years, according to estimates in the sector, and pressure continues considering that more

20 aug 2012

Vehicle sales shrank by 20% against the first seven months of last year in volume, to 50,000 units, according to data of the Automotive Manufacturers and Importers Association (APIA). more

20 aug 2012

American company Bunge, which on the Romanian market is involved in the production of vegetable oil and in the trade of agricultural raw materials, is negotiating the takeover of two grain storage more

19 aug 2012

Taxpayers will pay penalties of 30% of the principal for undeclared fiscal debts, on top of the interest and overdue penalties provided by current law, according to an ordinance drafted by Romania's more

17 aug 2012

Hidroelectrica's personnel structure is "oversized" and the salary fund is "clearly out of proportion" with the company's economic indicators, says a report on the causes of the insolvency of more

17 aug 2012

Romania's Regional Development Ministry has signed a financing contract to develop a business center in Calugareni, Giurgiu county, with EU cofinancing. more

17 aug 2012

Cigarette smuggling in Romania decreased slightly in July, to 12.9% of the market, according to a study by Novel Research. more

17 aug 2012

Around 20 companies out of the 75 listed on the regulated market of the Bucharest Stock Exchange stood out through the growth they recorded in the first half of the year in terms of profit and more