06.20.2013

Gernot Mittendorfer will take over as Chief Financial Officer of Erste Group Bank starting September 1, 2013 when the group’s current CFO Manfred Wimmer will retire, Erste Group, which controls more

02.28.2013

The solar power industry may create new jobs as a significant part of a photovoltaic project may be developed with Romanian resources, Halil Demirdag, CEO of power producer Smart Group, said Thursday. more

02.28.2013

Tymbark Maspex, one of the largest juice producers on the local market, Thursday confirmed it took over some of the assembly lines and two snacks brands from Craiova-based bakery company Pan Group. more

02.28.2013

Austria’s Erste Group Bank (EBS.RO) Thursday reported a net profit after minorities of 483.5 million euro in 2012, versus a loss of EUR718.9 million in the previous year, as the group’s risk costs more

02.21.2013

Romanian realty developer Iulius Group, owned by businessman Iulian Dascalu, has attracted three new tenants to United Business Center, the office component of the group's Palas Iasi mixed more

02.14.2013

Romanian realty developer Iulius Group, owned by businessman Iulian Dascalu, Thursday said it registered revenue of EUR55.6 million in 2012, from its four Iulius Mall shopping centers and the Palas more

10.30.2012

Italian group Policlinico di Monza, which owns 10 private hospitals in Italy, has finalized a EUR40 million investment in a 140-bed hospital in Bucharest, with the unit already being operational. more

10.26.2012

Mihaela Nicola, shareholder and CEO of communication group The Group, one of the largest on the Romanian market, said the communication industry will stagnate in 2013, similarly to this year. more

10.24.2012

Belgian group Atenor will finish in November 2013 the construction of the first building of Bucharest’s office compound Hermes Business Campus, whose development will be financed with funds obtained more

10.02.2012

Several companies in the UTI group have merged into one group this year – UTI Grup Romania - in order to prepare the company’s listing on a regional stock exchange, which is set to take place over more

08.01.2012

Romania’s planned energy company Electrocentrale Group will be operational by the end of September, state-run power producer Termoelectrica said in a statement Wednesday. more

07.11.2012

Porsche Finance Group Romania on Wednesday announced it has appointed Christoph Binder as chief executive officer, replacing Alexander Nekolar who was appointed member in Porsche Bank AG Salzburg more

05.14.2012

Private Romanian wind energy company Monsson Group has sold a 108 megawatts wind farm project in southeastern county of Constanta to Germany’s electricity producer STEAG, it said Monday. more

05.08.2012

Romanian Tender Group, controlled by local businessman Ovidiu Tender, will invest $100 million in exploration works at an oil field in Senegal/Guinea-Bissau, western Africa, the group’s owner said more

04.12.2012

Mediafax Group Romania has signed an agreement with Condé Nast International to publish in Romania men's magazine Gentlemen’s Quarterly (GQ) and women’s magazine Glamour, according to a press more

03.19.2012

Romsys, one of the largest IT&C integrators on the local market, held by Austria’s New Frontier Group, is in talks to buy two IT companies in Romania, Horatiu Berdila, chief executive of Romsys, more

02.21.2012

US fast food giant Subway will launch its first restaurant in Romania in April, within the Palas complex developed in northeastern city Iasi by the Iulius Group, the mall owners said Tuesday. more

01.17.2012

Wind farm developer Monsson Group, owned by businessman Emanuel Muntmark, will invest some EUR250 million in the construction of a wind farm in southeast Romania. more

12.20.2011

The ranking of the top ten infrastructure projects awarded this year shows that the Transport Ministry is finally prioritizing spending and moving money from road repairs to highway construction. more

12.16.2011

The European Bank for Reconstruction and Development will invest EUR6.8 million in the Green Group recycling park in Romania, the first such park in the country, the bank said in a statement Friday. more

11.29.2011

Porsche Finance Group Romania on Tuesday announced it has appointed Alexander Nekolar as chief executive officer, replacing Kurt Leitner who was transfered to a new position within the Porsche Group. more

11.28.2011

Andreas Treichl, the man who has been at the helm of Austria's Erste Group Bank (EBS.RO) since 1997, could be confirmed for another term as chief executive officer as early as next month, as his more

10.31.2011

Romanian regional investment fund SIF Transilvania (SIF3.RO) Monday approved selling its 6% stake in bank Banca Comerciala Romana (BCR) to Austrian Erste Group Bank AG (EBS.RO), people familiar with more

10.20.2011

China Gezhouba Group International Engineering, active in transport infrastructure, energy and tourism, expressed its intention of “firm” involvement in the construction of the Tarnita-Lapustesti more

10.19.2011

Romanian nuclear power plant operator Nuclearelectrica on Wednesday signed an agreement with China Guangdong Nuclear Power Group, allowing the Chinese company to view the literature on the more