19 iul 2012

Austrian millionaire Gerald Schweighofer, who owns an over EUR400 million wood processing business on the Romanian market, currently has 2,300 employees in this country. The company has recruited 200 more

19 iul 2012

The drought and high temperatures have already ruined about one third of the local corn crops but the farmers will be able to offset some of the losses as a result of rising quotes. more

19 iul 2012

Banks are keeping deposit interest rates high, in a bid to replace sources of external funding with liquidity from the local market, but this can lead to poor resource management, as well as to loss more

19 iul 2012

Four out of ten companies in the top 100 companies of the world ranking compiled by the Fortune Magazine have operations in Romania, but very few of the world’s giants have a manufacturing business more

19 iul 2012

Beer sales returned to slight growth in April and increased by 16% in May, offsetting the decline of the first few months of the year, according to the data of the National Statistics Institute. more

18 iul 2012

Romania's competition watchdog in June authorized the takeover of Aviva Asigurari de Viata and Aviva Pensii ABC Asigurari by Alico Asigurari Romania, controlled by American group MetLife. more

18 iul 2012

Romania's national postal company Posta Romana will hold a tender in September for a loan of 100 million lei (EUR22 million) for 12 months, to finance its working capital. more

18 iul 2012

Romania's Government Wednesday decided to give local authorities back 107.5 million lei (EUR23.5 million) of the funds provided by the previous Ungureanu Cabinet for current expenses and withdrawn by more

18 iul 2012

ING Pensii CEO Marius Popescu has taken over the chair of the Association of Romanian Privately Administered Pensions (APAPR), after former chairwoman Cornelia Coman was appointed head of ING's more

18 iul 2012

The Romanian state is forced by a Bucharest court of law to make cash payments to a former owner because he can only sell at a loss the shares received in investment fund Fondul Proprietatea as more

18 iul 2012

Mark Hilton, the Brit put in change of the KFC and Pizza Hut chains in Romania last year, expects their sales to go up by 5% to 7% after seeing a rise in the number of customers and transactions in more

18 iul 2012

Sales of foreign currency from the reserve of the state’s Treasury to central bank BNR, a significantly lower offering of short-term government securities, the halving of overall amounts borrowed more

18 iul 2012

The top ten Romanian construction companies posted about EUR1.3 billion revenue together last year, almost 14% of the construction market. Compared with 2010, the cumulated revenue of the top ten more

17 iul 2012

Romania's insurance sector posted net losses of 329.7 million lei (EUR72.2 million) in 2011, up eight times compared with 2010, according to Finance Ministry data centralized by MEDIAFAX. more

17 iul 2012

Doctors who are citizens of countries outside the European Union may be allowed to work in the Romanian healthcare system, under a bill drafted by the Health Ministry. more

17 iul 2012

Registrations of new Dacia vehicles in the European Union dropped 5.9% in the first half of 2012, to 120,000 units, on a market that shrunk by 6.8%, while Renault and Fiat posted the most significant more

17 iul 2012

The exchange rate could return below RON4.5 to the euro after the “calming and the clarifications on the political scene,” and the economy could return to growth in the second quarter. As far as more

17 iul 2012

Romanian farmers announce significant declines estimated at 30% to 35% for the corn production less than three months before harvesting time as a result of the high temperatures this spring and more

17 iul 2012

Erste Asset Management, the largest asset manager on the local market, sets out to raise 100 million lei (EUR22 million) by yearend for a money-market fund built to the new European standards. more

17 iul 2012

The turnovers of the 33 largest companies controlled by the Romanian state, whether they operate in energy, transport or natural resources, last year exceeded EUR10 billion. more

17 iul 2012

Gabriel Popoviciu, who controls the Baneasa project and other important businesses in Bucharest along with Radu Dimofte, will invest EUR2.5 million in a new restaurant and in a spa center in the Parc more

16 iul 2012

Romania's General Aviation Inspectorate will insure its helicopter fleet with Astra, Omniasig and Platinum Asigurari for 22.15 million lei (EUR4.9 million) over the next four years. more

16 iul 2012

Romania's competition watchdog in June authorized the takeover of insurer ABC Asigurari by construction company Romstrade, owned by Nelu Iordache, for EUR6.7 million. more

16 iul 2012

A self-employed person, Gheorghe Mitroi, will evaluate the performance indicators set down in the budgets of Romtelecom, Posta Romana and Radiocom, companies where Romania's Communications Ministry more

16 iul 2012

Dragos Militaru, former manager in cable company UPC Romania and in Coca-Cola HBC, will take over as CEO of paints producer Fabryo Corporation on August 1, replacing Aliz Kosza, who has managed the more