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Electronics and home appliance retailer Altex said its 2008 annual turnover had increased to 344 million euros in 2008, up 8.5% from 2007.
Sotirios Marindis former managing director of P&G Ukraine was appointed to head the group’s operations in Romania, succeeding Jose Antonio Medran. Jose Antonio will take up the...
The world’s third largest cola drinks company said it would launch operations in Romania as of this month. The official launch took place on July 4, on the National Day of United States of...
The National Bank of Romania posted a benchmark exchange rate of 4.2114 lei per euro today, up 0.19 percent over the previous session, after the national currency dropped slightly in the early...
Cisco Romania said Bogdan Constantinescu (photo) is stepping down as Country Manager after nine years in office, and will be succeeded by the regional sales director Cristian Popescu.
Erste Group analysts expect the price of gold to surpass 1,000 dollars/ounce in the second half of 2009, as investors see gold as a safe play. Erste Bank has also set the long-term price target at...
In view of the current economic crisis, car dealers come up with various solutions to get shoppers to once again reconsider the purchase of a new car. Therefore, AutoItalia Group introduced a new...
Romanian mandatory private pension market (Pillar II) reached total assets worth 1.57 billion lei at the end of June, up 9.49 percent over the previous month, according to data from the market...
In an effort to cut costs, 52% of the organizations in Romania with over 50 employees have reduced workforce in 2009, according to a survey conducted by Mercury Research in April, of around 200...
Belgian-based Delhaize announced the completion of the acquisition process through its fully-owned subsidiary Mega Image of four stores previously operated under the Prodas banner in Bucharest,...
JO Group, the sole official importer of Weber Stephen grills, invested 200,000 euros in the first grill store in Bucharest.
Tokyo has knocked Moscow off the top spot to become the world’s most expensive city for expatriates, according to the latest Cost of Living Survey from Mercer.
Tax litigation portfolio of bpv Grigorescu lawfirm, measured by the value of claims, has increased by more than 20% that initially anticipated, to approximately 15 million euro.
Orange Romania will welcome the newly appointed CEO, Thierry Millet in an official ceremony on July 9, which Olaf Swantee, SEVP Orange Europe, Egypt & Personal is expected to attend.
Romanian national currency, the leu, waved near the benchmark exchange rate settled by the National Bank of Romania at 4.2100 lei per euro today, up 0.03 percent compared to the previous session,...
Electronic commerce ended first half of the year with 570,000 transactions and a total payment value of 43.5 million euros, up 68% year-on-year, according to RomCard.
The number of jobless in Romania climbed 22,127 in June to a three-year high of 548,930, exceeding the initial estimate of the Labor Ministry for the end of the year, data of the national work...
Ten days after Dinu Patriciu sold the remaining 25% equity stake in Rompetrol, the two parties involved in the transactions announce a change of name to the group headed by Romanian billionaire and...
Romanian companies are now engaging in corporate cost-cutting, reduce expenditure or hedge currency exposure, in the wake of financial crisis. Cosmin Bucur, vicepresident of corporate sales and...
The recovery of the equity markets in March was largely driven by excessive increases in investors’ risk aversion, but Erste Group analysts stress that even though equity markets have seen...
Romanian national currency, the leu, depreciated 0.17 percent over the single European currency to a benchmark exchange rate of 4.2170, after an evolution following the other regional currencies,...
What is the main driver of insolvency cited by executives: incorrect strategies or financial crisis? Find out about the reasons underlying insolvency among companies.
The mutual fund industry’s net assets grew by 10.3% in June, up to an all-time high of 1.672 bln lei (400 million euro) as a result of a major increase in reported underwriting in...
Standard & Poor’s said it had affirmed its ‘B’ long-term corporate credit rating on Netherlands-based Rompetrol Group N.V with negative outlook.
The state revenues reported by the National Agency for Fiscal Administration ANAF in the first half of the year amounted to 67.5 billion lei, down 6.42 from prior-year period, as an effect of the...
BRD has disbursed today the first loan under “First Home” scheme, of 51,500 euros, and the Ministry of Finance hopes this program will spur lending activity and construction sector,...
Short-haul domestic flights are beginning to be more present in airline companies’ portfolio, both of traditional and low-cost carriers. Last year, no less than 650,000 passengers embarked on...
Alpha Bank signed the framework convention with the National Fund of Loan Guarantee for SME (FNGCIM) for First Home scheme and will start offering loans under the program.
Romania’s industrial production dropped for the eighth month in a row in May, even if the decline slowed down from previous months, the statistics office said earlier today.
The scheme that allows the government to grant aid in the form of subsidized guarantees for home loans, as they are stipulated in the state budget bill, meet the standards imposed by the European...
Airline carrier Fly Baboo carried around 11,000 passengers on Geneva-Bucharest route since October 27 when it decided to break into Romanian market until end-June.
The turmoil generated by financial crisis has created macroeconomic problems and every country across the globe is feeling the pinch of the recession. Find out what are the countries most prone to...
Romania's national currency, the leu, recouped 0.04 percent against the euro to a benchmark exchange rate of 4.2152 against the euro as the leu's evolution was partially in line with other...
Romanian state-owned gas supplier Romgaz has to collect some 360 million lei in accounts receivable, a sum accumulated until May 2009, out of which 85.5 million lei represent accumulated accounts...
The second quarter of the year brought a 35% increase in the number of initial public offerings at European stock exchanges. A recent PricewaterhouseCoopers study reveals the equity markets that...
Lender Banca Comerciala Carpatica stepped back on profit in the first semester, with a double gain compared to the one initially estimated for this time of the year, after it posted losses in the...
The annual rate of inflation in Romania lowered to 5.86 percent in June from 5.95 percent in May, on cheaper food products and a tempered hike of prices for non-food stuff and services, data of the...
The nomination of Alexandra Gatej, former chairman of Unilever South Central Europe (USCE) as adviser to the president of Domestic and International Business Department within the Presidential...
The government has passed yesterday the final Nabucco gas pipeline memorandum, which includes amendments resulted from the recent talks, the text being submitted for approval by President Traian...
Airline carrier Tarom carried 13.9% fewer passengers in January – May 2009, versus prior-year period, down to 565,000 passengers, according to data provided by Association of European Airlines.