06.29.2016

Britain's leaving the European Union has no direct impact on the Romanian insurance market, Cornel Coca Constantinescu, vice-president of the Insurance Supervisory Authority (ASF), said Wednesday. more

06.28.2016

Britain's decision to quit the European Union affected the Romanian financial market less than the Chinese Stock Market turbulence in February this year, Citi Romania head, Tibor Pandi, said Tuesday. more

05.31.2016

The former government was more actively involved in working with the business sector than the current one, Dragos Anastasiu, chairman of the transport and travel group Eurolines and one of the more

04.05.2016

Seven in ten entrepreneurs in Romania (69%) finance their startups from own funds, including personal loans and salaries from another job, according to EY study “Romanian Startups Barometer”. more

01.06.2016

Almost 185,000 Romanians left Romania in 2014 (according to the latest data available) and UK became the second most important destination for emigration after Italy. more

12.14.2015

Danone, FrieslandCampina and Hochland are the first multinationals in the dairy industry that appointed representatives of the first generation of Romanian executives trained in capitalism to run more

11.02.2015

Hotel chain Starwood Hotels & Resorts is negotiating the opening of several hotels in the cities of Cluj-Napoca and Timisoara (in northwestern and western Romania), after opening the first Sheraton more

10.28.2015

Fitch Ratings has affirmed the long-term issuer default ratings (IDRs) of Banca Comerciala Romana S.A. (BCR) and UniCredit Bank S.A. (UCBRO) at 'BBB', BRD Groupe Societe Generale S.A. (BRD) at 'BBB+', more

07.30.2015

The 12 modern retail chains (hypermarkets, supermarkets, discount and cash&carry stores) in Romania sell EUR150 million to EUR200 million worth of Romanian-grown fruit and vegetables a year, according more

03.17.2015

Petro Rabigh, a joint venture between Aramco (Saudi Arabia) and Sumitomo Chemical (Japan), plans to hire more than 50 Romanian specialists in oil refining and petrochemical industry for a refinery in more

03.17.2015

Norway’s sovereign fund, with assets five times bigger than Romania’s GDP, in 2014 doubled its bet on Romania, reaching EUR115 million worth of investments in nine Romanian listed companies. more

02.26.2015

The Board of Directors of Italy’s utility Enel on Wednesday discussed the updates in the disposal plan of the group’s shareholdings in Eastern Europe and agreed to suspend the disposal of more

02.24.2015

Global finance giants BlackRock, Vanguard, Franklin Templeton and Morgan Stanley hold around $100 million (some RON400 million) worth of investments on the Bucharest Stock Exchange through the funds more

02.20.2015

The lowering of the value added tax on meat, included in the new Tax Code draft, will boost consumption, reduce bankruptcy of companies in the sector and bring EUR300 million to the state budget from more

02.18.2015

Italy’s utility Enel has temporarily suspended the sale of its Romanian assets, as it already managed to reduce its debts following the successful completion of several transactions included in the more

02.02.2015

Tobacco company Philip Morris International has put Danish Steen Hjortholm in charge of its operations in Romania. more

10.31.2014

The financial crisis and the aggressive expansion of foreign networks toppled the first generation of entrepreneurs in Romania’s food retail, but a new generation is trying to enter the race against more

10.08.2014

End-June, Romanian companies had around EUR10 billion worth of loans taken out directly from banks from abroad, mostly from Austria and Germany, down by the equivalent of EUR1 billion from June 2013, more

09.25.2014

Romanian authorities encourage Italian utility group Enel to stay on the local market and guarantee a friendly and transparent business environment, said Gabriel Dumitrascu, head of the privatization more

09.03.2014

Alba-based Supremia Group, a food ingredient producer controlled by entrepreneur Levente Bara, Suceava-based Betty Ice, the second largest producer of ice-cream owned by Vasile Armenean, and Sonimpex more

08.31.2014

Five companies owned by Romanian entrepreneurs in 2013 raked in almost EUR1 billion from fuel trade and four of them have just 360 employees overall. Romania has only 50 domestic-held companies with more

07.25.2014

Sales of spirits on the Romanian seaside revolve around EUR30 million during the summer season, with preferences and expenses differing on northern beaches from southern ones, reveals a ZF survey 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

06.27.2014

The best-selling spirits brands manufactured in Romania in 2013 were Tarie de Bihor, produced by Scandic Distilleries, Cava D’Oro, a brand owned by Alexandrion, and Unirea, part of the portfolio of more

06.18.2014

Romanian insurance companies sold policies worth 112 million lei (EUR25 million) on foreign markets in the first three months of 2014, up 25% from the same period of last year, according to data more