07.31.2014

Austria’s Erste Group Bank (EBS.RO) Thursday reported a record loss for the first year-half, mainly due to higher provisions in Hungary and Romania and a low-interest environment in the markets more

06.25.2014

Mediafax Group, one of the leading media companies in Romania, and BAC Investment Banking, one of the largest players on the local mergers and acquisitions (M&A) consulting market, have joined the more

06.17.2014

Garanti Bank granted a EUR4 million loan to FF Group Romania (former Elmec Romania), for a real estate project downtown Bucharest, an investment worth approximately EUR5 million. more

06.12.2014

The RCS&RDS group is in talks with Lama Group, an energy and communications business of Czech businessman Petr Lamich, to sell its direct-to-home TV operations in the Czech Republic, communications more

05.27.2014

Vienna Insurance Group (VIG) reported a net profit of EUR611,000 in Romania in the first quarter of the year, from EUR5.3 million loss in the corresponding period a year earlier, the company said more

05.22.2014

The 31,000-square meter Green Gate office building in Bucharest has been delivered with a 60% occupancy rate and its owner, Czech-held S Group Holding, plans to rent the remaining space within a year. more

05.19.2014

Steel processor Proinvest Group Pascani posted a turnover of RON11.65 million (EUR2.6 million) in the first quarter, up 73% on the year, and expects a growth of 23% this year, to RON89 million (EUR20 more

05.13.2014

Vienna Insurance Group (VIG) expects its Romanian operations to turn a profit at the end of this year, following losses of EUR98.7 million in 2013, by adjusting its car insurance premiums to match more

05.12.2014

Czech-held S Group completed the construction of Green Gate office building in Bucharest, which is the biggest office project finalized this year in the capital city, with a rentable area of almost more

05.05.2014

Wind farm developer Monsson Group, controlled by businessman Emanuel Muntmark, has acquired a majority stake in Romanian company Emon Electric based in Campina (in southern Prahova county). more

04.29.2014

Microsoft, Linde Gaz and ZTE are among the tenants of the first office building of Optica Business Park compound developed in the western city of Timisoara by the Cristescu brothers, owners of Bega more

04.16.2014

Romanian insolvency practitioner Casa de Insolventa Transilvania (CITR) will be rebranded into CITR, and will be part of CITR Group, a group of companies specializing in personalized solutions for more

04.09.2014

Doina Cepalis, the Pascani entrepreneur who owns Te-Rox group of firms manufacturing children’s car seats, took over 50% in stock of Terox Bhs Impex of Botosani, where she has already started more

04.03.2014

Iasi-based group Arcadia, which includes Arcadia Hospital, Arcadia Policlinic and Arcadia Cardio, posted revenue of EUR9.24 million in 2013, up 20% on the year, and eyes double-digit growth for this more

02.17.2014

Alka Group, a major player on the Romanian sweets and coffee market, plans to double its turnover over the next five years and increase exports, which now account for just 10% of the sales. more

12.31.2013

Aqua Carpatica, the mineral water brand created by businessman Jean Valvis in 2010, has come to compete against traditional brands such as Borsec and Dorna in the past few years. more

11.13.2013

The five shopping centers owned by Romanian businessman Iulian Dascalu and his Palas Iasi mixed development generated aggregate rental revenues of EUR46.6 million in the first nine months of 2013. more

10.22.2013

Waste recycling group Green Group estimates it will have an unconsolidated turnover of EUR140 million this year, 16.6% more than in 2012, while its profit margin stabilized at 10%. more

10.15.2013

Romanian telecom operator iNES Group said Tuesday it has fully taken over Digicom Systems, whose turnover amounted to 3.3 million lei (EUR0.74 million) in 2012, down 24% on the year. more

09.27.2013

Romanian media group Mediafax Group announced Friday it has bought a minority stake in 2Parale, Romania’s first and biggest affiliated marketing network. more

09.27.2013

A dentist, Israel-held Jupiter group, which owns a shopping center in Pitesti, southern Romania, and the manager of design and architecture firm Proiect Bucuresti are working on three real estate more

09.25.2013

David Gedlicka has been appointed Chief Executive Officer (CEO) of Porsche Finance Group Romania, as of September, the group said in a statement Wednesday. more

08.20.2013

Firms Rios Solar Renovables and Rios Total Solar, part of Spanish group Rios Renovables, which develops green energy projects in Romania, filed for insolvency at the beginning of August. more

07.22.2013

The five shopping centers owned by Romanian businessman Iulian Dascalu and his office center Palas Iasi generated aggregate rental revenues of EUR30.68 million in the first half of the year. more

07.09.2013

Romanian businessmen Emil and Marius Cristescu, owners of group Bega, want to sell several plots of land in Timisoara, with an area exceeding 20 hectares, and the buildings located on them. more