10.23.2014

Romanian IT&C group Televoice Grup seeks a new investor in 2015 to bring in an estimated EUR10 million that will allow the business to develop according to the potential of the local market, company more

06.29.2014

Grup Servicii Petroliere, the flagship company of the Upetrom group of Constanta businessman Gabriel Comanescu, is consolidating its position in Mexico, where it sent three offshore drilling rigs to more

04.25.2014

Alexandrion Grup Romania, Romania’s biggest spirits producer, in 2013 reverted into the black after three years of losses and reported a gain of 5.7 million lei (around EUR1.3 million) from a minus more

04.23.2014

The concrete prefab market contracted by 4% last year in volume and by 6% in value amid the low demand for products used in infrastructure works, according to the representatives of research company more

04.17.2014

Bucharest-based builder Straco Grup, controlled by brothers Alexandru and Traian Horpos, ended 2013 with revenue of 616.5 million lei (EUR140 million), down 29% from 2012. more

04.03.2014

Real estate developer Anchor Grup, which owns the first two malls built in Bucharest, Bucuresti Mall and Plaza Romania, will begin remodeling of the latter in about a month. more

03.14.2014

Supremia Grup, a business held by the Bara family of Alba county, which supplies ingredients and spices to the local food industry, expects a 10% increase in revenue in 2014, after ending 2013 with more

10.14.2013

Gabriel Comanescu, the businessman who controls offshore drilling company Grup Servicii Petroliere (GSP), say he wants to double his offshore rig fleet from the current six units and add two vessels, more

09.11.2013

Turkish real estate developer Anchor Grup has appointed Razvan Gaita to the position of general manager of its operations in Romania, replacing Ali Ergun Ergen, whose second mandate as Anchor CEO more

06.25.2013

ExxonMobil has awarded Texas-based Diamond Offshore Drilling a $532 million contract for drilling services in the Neptun block in the Black Sea, which it operates in partnership with OMV Petrom more

06.11.2013

Romanian state-run lender EximBank has recently approved the granting of financing to Romanian private freight railway carrier Grup Feroviar Roman (GFR) for the latter's planned acquisition of more

06.11.2013

Grup Servicii Petroliere, the flagship company of the Upetrom group, made 143.5 million (EUR32 million) net profit in 2012, compared with RON307.3 million loss in 2011, and 2% higher revenue, RON 813 more

06.05.2013

Bancpost, Banca Italo-Romena, Alpha Bank and Banca Transilvania along with six grain traders including VA Intertrading, CHS, Brise Group, Alfred Toepfer and Cargill have about EUR19.5 million to more

04.25.2013

Agroli Group, mainly operating in poultry industry, reported turnover of 527 million lei (EUR120.9 million) in 2012, slightly up from a year ago. more

04.10.2013

Dobrogea Grup, one of Romania’s largest bakery businesses, went insolvent six weeks ago after its sales dropped 24% to EUR41 million in 2012. more

04.05.2013

Ali Ergun Ergen, a Turkish executive who has been involved in the development and running of three of the first four malls built in Bucharest, has taken an advisory role for the Coresi project that more

03.25.2013

Ali Ergun Ergen, the manager who was involved in the development of three shopping malls in Bucharest, last week resigned from the position of Chief Executive Officer of Turkish real estate developer more

03.14.2013

Grup Servicii Petroliere, part of Upetrom group owned by businessman Gabriel Comanescu, won a new contract with Gazprom, the world’s largest natural gas producer, for oil exploration in the frozen more

01.08.2013

Romanian freight railroad transporter Grup Feroviar Roman (GFR) said Monday it bought the documents for the privatization of Bulgarian freight railway carrier BDZ Cargo and is analyzing the outcome of more

06.26.2012

Real estate developer Anchor Grup appointed two new marketing and leasing managers, the company said Tuesday. more

06.14.2012

Grup Feroviar Roman (GFR), the largest private railway freight carrier in the country, saw its net profit increase six-fold last year to 28.7 million lei (almost EUR6.5 million) and expects it to go more

05.31.2012

Canadian Sterling Resources Thursday said its Romanian subsidiary Midia Resources has signed a drilling agreement with local oil and gas service company Grup Servicii Petroliere (GSP) for two offshore more

04.04.2012

Romanian construction materials maker Somaco Grup Prefabricate, owned by Swedish Oresa Ventures, on Wednesday reported a 31% year-on-year rise in sales for 2011, to EUR21 million. more

01.04.2012

Romania’s so-called asphalt kings won at least half of the EUR2.4 billion road infrastructure contracts awarded by the Transport Ministry and by the Development Ministry last year, according to ZF more

07.12.2011

Grup Feroviar Roman (GFR), the largest private railway operator on the Romanian market, controlled by businessman Gruia Stoica, ended the first six months with sales of 253 million lei (EUR59.8 more