11.17.2016

KMG International has changed the group’s management structure, appointing Catalin Dumitru as Senior Vice President for operational activities and Alexey Golovin as Vice President for corporate more

10.17.2016

The Romanian Finance Ministry has signed with Transearch International the contract for selecting the nine members of the Board of Directors of Romanian lender CEC Bank. more

10.04.2016

Romania currently hosts over 100,000 of the 600,000 employees in the outsourcing industry in Central and Eastern Europe, according to real estate consulting company Colliers International. more

08.04.2016

KMG International, through its company Rompetrol Downstream, opened two new filling stations in Orsova and Sibiu cities and plans to expand the local network by 9 other new filling stations by the end more

07.27.2016

KazMunayGas will use all legal means to defend its rights and obtain compensation, including international arbitration, as it believes that Romanian authorities plan to seize and nationalize $2.1 more

06.16.2016

The volume of crude oil unloaded by KMG International through the offshore terminal out in the Black Sea, operated by Midia Marine Terminal (MMT) company, reached 25.5 million tons since 2009, when more

06.14.2016

The investments of Romanian companies in cybersecurity rose by approximately 10% this year, compared with the same period a year before, as cybercrime prevention is no longer a technical challenge but more

05.10.2016

KMG and KMG International have not been officially informed, at the time of Rompetrol Group NV shares acquisition, of any investigation involving the company’s operations between 1998 and 2003, KMG more

05.09.2016

Three companies control the Romanian disinfectants market, with an overall market share of 63% and a turnover of nearly RON94 million at the end of 2014, according to a recent report by ICAP Romania. more

04.04.2016

Alpha Bank on Monday said it was exclusive consultant for the shareholders of International Healthcare Systems (IHS) within the sales process toward Swedish company Diaverum, the world’s largest more

03.17.2016

Netherland-based International Insurance Consortium has reached an agreement with the owners of insurance company Carpatica Asig, for which the Financial Supervisory Authority ASF decided to apply more

02.17.2016

KMG International, formerly Rompetrol Grup, the second largest oil group in Romania, on Wednesday reported a record net profit of $4.6 million for 2015, despite a sharp decline in international oil more

12.18.2015

Fitch Ratings has placed KMG International, former Rompetrol Group, on rating watch negative, following an agreement between KazMunayGas and China Energy Company which can lead to an ownership change more

11.12.2015

Raiffeisen Bank International (RBI) posted an after tax profit of EUR86 million in Romania in the first nine months of 2015, up 6.2% from EUR81 million in January-September 2014, the lender said in a more

10.22.2015

Israeli developer Dimri International will invest nearly EUR55 million in a residential compound with 1,045 apartments in Ghencea area, in capital Bucharest, a project announced before the beginning more

10.21.2015

KMG International group (the former Rompetrol Grup) registered a net profit of $11.4 million in January-September 2015, from a loss of $30 million in the same period a year ago, despite lower revenue more

10.12.2015

Israeli developer Dimri International has resumed its expansion plans in Romania and will be constructing a residential compound with 1,045 apartments in Ghencea area, in capital Bucharest. more

10.09.2015

International Investment Bank (IIB), established in early '70s by the USSR and other socialist states, plans to raise RON200 million (EUR45.3 million) by selling three-year maturity bonds to qualified more

08.19.2015

Raiffeisen Bank International (RBI) posted an after tax profit of EUR52 million in Romania in the first six months of 2015, up 10.4% from EUR47 million in January-June 2014, the lender said in a more

06.17.2015

Oil company Petroceltic International sold its shares in two Black Sea oil blocks to Gabriel Comanescu, the owner of Grup Servicii Petroliere (GSP), according to ZF data. more

05.21.2015

Raiffeisen Bank International (RBI) posted an after tax profit of EUR25 million in Romania in the first three months, up 54% from EUR16 million in September-December 2014, the lender said in a report more

04.23.2015

KMG International (former Rompetrol Group) has contracted a multi-currency facility worth $360 million from lenders BCR, UniCredit Tiriac Bank, Raiffeisen and ING Bank to fund current operations of more

04.01.2015

Agricover Credit, the lending division of Agricover group, got a loan worth EUR10 million for a 7-year period from International Investment Bank (IIB), that will be lent to farmers for working capital more

03.22.2015

Germany’s largest agricultural cooperative, BayWa, has bought 90% in Patberg International, a business started from scratch by a group of former employees of grain trader Nidera in Romania. more

03.04.2015

SIF Moldova and Private Equity Grup Luxembourg want to sell their stakes in Agricola International, which totral over 17%, and other shareholders have preemption right and could make an offer, said more