03.12.2013

Austrian businessman Gerald Schweighofer, who owns several wood processing and wood panel plants in Romania, says local plants reached a turnover of half a billion euros in 2012, but will never reach more

03.05.2013

Csaba Toth took over as general manager of pastry products company Fornetti Romania on March 1, the company said in a statement Tuesday. more

02.27.2013

Company insolvencies last year and in 2013 had an impact of about 301 million lei (EUR69 million) on the Romanian state budget, according to tax authority ANAF. more

02.27.2013

Companies such as Oracle, Raiffeisen Bank, Generali, Bitdefender, Hidroelectrica and Societatea de Constructii in Transporturi (SCT), as well as other companies in constructions and the industry and more

02.27.2013

Lawyer Valeriu Stoica, former justice minister and a leading member of the opposition Democratic Liberal Party, says he divides his time between law firm Stoica & Asociatii, his activity as a more

02.26.2013

One of Romania’s structural problems is that it does not have enough medium-sized entrepreneurs with local capital that are able to expand regionally, so one needs to encourage local players, said more

02.20.2013

The turnover per employee exceeded EUR100,000 per person in foreign companies in 2011, almost double as high as for the entire economy. more

02.12.2013

Romanian realty developer Iulius Group, owned by businessman Iulian Dascalu, on Tuesday said it plans to develop an EUR12 million project which includes landscaping a park in Cluj-Napoca, in the area more

02.01.2013

Opher Linchevski, chief executive of Israeli transport and logistics company Maman Group, part of giant Taavura, says it took over 65% in Romanian transport and logistics firm International Business more

01.31.2013

Alexandru Petrescu, managing partner of real estate consultancy Esop, one of the leading Romanian-held consultancies, says Bucharest has vacant office spaces with a lettable area of over 600,000 more

01.25.2013

Businessman Valer Blidar, who owns the Astra Vagoane Calatori passenger rolling stock plant in Arad, said he has decided to terminate 400 contracts with small firms, with which he has worked for more

01.21.2013

Nestle, Microsoft, IBM, JTI, Wrigley, Kandia, Sanofi, S&T and Rehau are a few of the companies that decided to start the new year with a change at the top management. more

10.29.2012

Although he has for the last 8 years run the largest Romanian construction company of civil engineering and industrial buildings, with turnover of almost EUR80 million, no picture of Bog’Art’s more

10.22.2012

Five of the executives who run the top ten largest companies on the Romanian market took over in the past year, according to this year’s edition of the “Who’s who in business 2012 – The 1,000 more

10.10.2012

Romania’s Government on Wednesday decided through an emergency ordinance to set up a wholesale brokerage firm to sell on foreign markets the products made by state-owned companies that register more

09.18.2012

The management of Romanian state-owned postal company Posta Romana and officials of Belgium’s postal operator will soon meet for talks on Romania’s government plan to find a strategic investor for more

08.07.2012

The private equity company created by Mitt Romney, the Republican candidate to the U.S. presidential elections in November, has bought a 30% stake in outsourcer Genpact, which has over 1,500 employees more

07.12.2012

Kastamonu Romania will open in July a fiberboard factory in the northern town of Reghin, following a EUR150 million investment. more

06.07.2012

The 100 largest companies on the Bucharest Stock Exchange were worth over EUR36 billion in July 2007 and accounted for 96% of the bourse’s overall capitalization, but five years later the value of more

05.18.2012

Romania will appoint the first private manager in a state company by the end of June, Economy Minister Daniel Chitoiu told a news conference Friday. more

03.23.2012

Romania’s Communications Ministry and the National Employment Agency, or ANOFM, have teamed up to establish measures aimed to support the 511 employees of state-run postal company Posta Romana who more

02.02.2012

The Romanian Government will grant state aid to Italian household appliances producer De'Longhi, which will buy Nokia's factory located in Jucu, northwestern Romania, the Executive said Thursday after more

12.12.2011

The ranking of companies with the biggest losses of value in crisis is topped by players in the banking and energy sector, according to the “Top 100 most valuable companies in Romania” yearbook more

11.30.2011

Petrom, Hidroelectrica, Orange, Romgaz, and Vodafone are the most valuable Romanian companies, worth a total EUR15 billion, EUR10 billion less than in 2007, the peak year for local business. more

10.31.2011

Financial results on the rise, higher dividend yields and the companies’ lower indebtedness level, as well as the lower indebtedness level of Romania to other countries in the region, are the more