11.20.2014

Raiffeisen Bank International (RBI) posted an after tax profit of EUR81 million in Romania in the first nine months, similar with the same period of 2013, as the effect of higher taxes on commissions more

11.05.2014

Private equity fund Advent international, whose only remaining Romanian business is medical service provider Regina Maria, is getting ready for an exit, industry sources say. more

10.22.2014

British group International Personal Finance, which owns consumer lender Provident Financial Romania, posted 71.4% higher pretax profit, of GBP2.4 million (EUR3.03 million), in Romania and Bulgaria in more

10.22.2014

Consumers’ appetite for Romanian taste has become an annual business of several tens of million euros for retailers, according to ZF estimates. However, behind brands such as “Bun, din Romania” more

10.02.2014

The 12 networks that operate in the local modern retail after the first nine months of this year reached almost 1,380 stores, 143 more than in late 2013. Companies had to invest EUR130-170 million to more

09.24.2014

TotalSoft, one of Romania’s biggest software producers, controlled by Greek investment fund Global Finance, is set to increase revenue by at least 15% this year and around one third of revenue will more

09.11.2014

KMG International NV, formerly The Rompetrol Group NV, contracted a credit line of $200 million from several banks, at the end of August, which will be used to refinance loans and back the company’s more

09.11.2014

The 70,000-80,000 small stores still operating in Romania are eyed by international retailers, which are trying to attract them in franchise. Thus, in full crisis, Carrefour, as well as Metro more

09.09.2014

Sibiu-based Atlassib company, Romania’s biggest international road passenger transport operator, carried more than 300,000 people in the first half of the year, 7-8% more than in the same period in more

08.11.2014

KMG International, through Rompetrol SA, has completed the process of evacuation and repatriation of 56 of its employees from Libya, amid intensified military conflict in the region. more

07.16.2014

KMG International NV, a unit of Kazakhstan’s state-run KazMunayGas, plans to open 15 new gas filling stations in Romania in the “near future,” the company said Wednesday. more

07.08.2014

The Romanian International Bank (RIB), a unit of Polish financial group Getin Holding, will be rebranded as Idea Bank and will relocate its headquarters to the Hermes Business Campus in northern more

07.07.2014

eMAG IT Research will open a software development center in Bucharest that will create around 200 jobs and will launch its first application in October this year. more

06.19.2014

KMG International NV, a unit of Kazakhstan’s state-run KazMunayGas, is asking for upfront payment for fuel deliveries to Ukraine, amid growing economic instability in the country following tensions more

05.19.2014

Entrepreneurial businesses of modern retail are set to remain under the sign of the crisis in 2014 as well, as consumption appetite is still feeble and international chains are adding several hundred more

05.16.2014

Fitch Ratings on Friday affirmed at ‘B+’ its long-term ratings on Romanian oil group KMG International NV (formerly The Rompetrol Group NV), with stable outlook, the rating agency said in a more

04.23.2014

Bacau-based builder PA&CO International, controlled by businessman Costel Casuneanu and his wife Paulina, in 2013 posted revenue of around 121 million lei (EUR27.4 million), down 47% on the year. more

04.11.2014

Amid the aggressive expansion of international chains, Romanian small merchants are pushed either to join them in a franchise system, or get specialized after the model of developed countries. more

04.09.2014

Getin Holding, controlled by billionaire Leszek Czarnecki, paid almost 5.8 million lei (EUR1.3 million) for full ownership of Romanian International Bank (RIB), according to the Polish group's annual more

04.03.2014

Raiffeisen Bank Romania, a unit of Austria’s Raiffeisen Bank International AG, on Thursday proposed paying out its shareholders a total dividend of 264 million lei (EUR59 million) from the 2013 more

03.06.2014

Domestic producers state international retail chains are putting high pressure on shelf prices and are also levying a series of taxes such as the shelf or marketing ones, and all of this is hurting more

03.03.2014

Almost 6,400 rooms of Romanian hotels operate under an international brand, with 56% of units located in Bucharest and the rest in other large cities of the country, according to a ZF survey. more

01.14.2014

Romanian furniture maker Cotta International Arad had sales of EUR47 million last year, up 17.5%, and this year's output has already been contracted and 95% of it will be exported. more

12.03.2013

Romania is ranked 69th in the 2013 Transparency International corruption perception index, down three spots since last year, when it ranked 66th. more

10.22.2013

Romanian International Bank (RIB) will be taken over by Polish financial group Getin Holding, controlled by businessman Leszek Czarnecki, people close to the matter told Mediafax Tuesday. more