17 aug 2012

In the past three years the Romanian market has lost over 60 coffee shops because prices were not adjusted to the local realities and because of faulty management. Another factor has been Romanians’ more

17 aug 2012

Josef Goschy, who owns 3,500 hotel rooms, says revenues collected by Unita Turism amounted to 30 million lei (around EUR6.7 million) between January and August, 15% more than in the similar period of more

16 aug 2012

Romanian companies with sales lower than 2.25 million lei (EUR500,840) will pay VAT when cashing their invoices starting next year, while larger businesses will be unable to deduct VAT from their more

16 aug 2012

Full-time employees in Romania worked the longest weekly hours in the EU in 2011 – 41.3 hours, the same as in 2010, but had the fewest days off on public holidays and ranked next-to-last by number more

16 aug 2012

Romania's insurance market regulator CSA posted losses of 18.9 million lei (EUR4.2 million) in 2011, compared with profit of RON5.2 million in 2010, according to its yearly report. more

16 aug 2012

Office premises with a total area of 130,000 square meters will be delivered in Bucharest by the end of next year, followed by other 200,000 square meters that should be completed by 2015, according more

16 aug 2012

The International Monetary Fund (IMF) warns the Finance Ministry that its “fiscal buffer” has diminished, after the Treasury had attracted less than it had planned to in recent auctions because of more

16 aug 2012

In five residential projects around Aurel Vlaicu (Baneasa) airport, where over 1,500 homes have been built in the past few years, developers have over 400 housing units left to sell or to rent, at more

15 aug 2012

Insurer Euroins Romania underwrote premiums of 228 million lei (EUR50 million) in the first half of the year, double compared to the same interval in 2011. more

15 aug 2012

Holcim Romania's sales of cement and clinker dropped 1% by volume in the first half of 2012, compared with the similar period of 2011, while prices increased by 1.2%, Swiss group Holcim announced more

15 aug 2012

2011 was a year of rebound for companies on the logistics market, considering that 13 of the 16 largest companies on this market recorded higher turnovers, with cumulated turnovers of EUR496 million, more

15 aug 2012

State-run railway passenger carrier CFR Calatori sold 24 million tickets in the first six months of this year, down 13.7% on the similar period of last year and its turnover fell 7% to 763 million lei more

15 aug 2012

Romania is the country where the renewable energy division of Energias de Portugal (EDP), one of the major European energy groups, recorded the highest growths in the last year, with the Portuguese more

14 aug 2012

Romania's Constitutional Court has asked the Government to send by August 21 the permanent voter lists as of July 10. more

14 aug 2012

Romanian drugmaker Biofarm (BIO.RO) Tuesday said its net profit in the first half of the year grew by 11.4%, to 12.27 million (EUR2.8 million). more

14 aug 2012

Romanian investment fund SIF Muntenia (SIF4.RO) Tuesday said its revenues more than doubled in the first six months, to 108.7 million lei (EUR24.7 million), mainly due to the sale of the last of its more

14 aug 2012

Drug producer Zentiva Romania (SCD.RO) Tuesday announced its profit dropped by 30.3% in the first half of the year, to 21.24 million lei (EUR4.8 million), while its sales grew by 15.2% to RON139.37 more

14 aug 2012

Romanian drilling company Dafora Medias (DAFR.RO) Tuesday said its revenue dropped 20% on the year to 77.8 million lei (EUR17.2 million) in the first half, from RON96.8 million in the same period a more

14 aug 2012

Romanian plastic profiles producer Romcarbon Buzau (ROCE.RO) reported losses of 2.62 million lei (EUR580,000) in the first six months of 2012, from net profit of RON21.86 million in the same period of more

14 aug 2012

Romanian port operator Chimpex Constanta (CHEM.RO) switched to losses in the first six months of the year, with 5.8 million lei (EUR1.28 million) in the red, from net profit of RON2.43 million in the more

14 aug 2012

Romanian oil and gas geophysical surveyor Prospectiuni (PRSN.RO) Tuesday announced it switched to losses of 6.1 million lei (EUR1.34 million) in the first half of 2012, after net profit of RON27.3 more

14 aug 2012

Compania Hoteliera Intercontinental Bucuresti (RCHI.RO), which manages the Intercontinental hotel in Bucharest, reported a loss of 1.6 million lei (EUR354,100) in the first half of 2012, compared with more

14 aug 2012

Romania's insurance market grew by 2.7% in the first six months of 2012, to 4.13 billion lei (EUR914 million), thanks to higher sales of general insurance policies, according to the data of regulator more

14 aug 2012

Romania's Finance Ministry has identified 212 investment projects, which receive a total of 36 billion lei (EUR8 billion) from the state budget but do not observe efficiency requirements, that will be more

14 aug 2012

TUI and ITS, two of the world's largest travel companies, intend to stop bringing tourists to Romania starting next year, unhappy with the absence of promotion on the German market and Romania's more