09.21.2016

In a time when local consumers are searching for „made in Romania” products on store shelves, brands like Zuzu, Dero, Rom and Arctic are market leaders in their segments. Romania, however, has more

08.17.2016

Romanian tenants outnumbered expats in northern Bucharest in the first half of 2016, accounting for 30% of total, compared with 15% in the fall of 2014, according to an analysis by real estate company more

08.17.2016

Romanian-held IT services provider Radcom has launched the platform deprinromania.ro, the first online marketplace exclusively dedicated to Romanian producers’ businesses. more

07.26.2016

Swiss energy group Repower has sold its Romanian operations to Swiss MET Group specialized in trading power, natural gas and oil products. more

07.19.2016

The law according to which Romanian hypermarkets will have to sell at least 51% Romanian products can curb imports, an aspect banned by the Treaty on the Functioning of the European Union (TFEU), more

07.11.2016

Romanian President Klaus Iohannis has promulgated the law according to which Romanian hypermarkets will have to sell at least 51% Romanian products, the Presidential Administration said in a statement more

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