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Package delivery company FedEx Express, subsidiary of FedEx, will expand its presence in Romania by launching a new shipment service between Romania and Europe with the introduction of a new...
Generic drug market in the Central and Eastern Europe, which was worth €17.2billion last year, is expected to grow by around 14 percent per annum between 2009 and 2011, up to €22.3billion.
ING group posted pre-tax profit of 109million lei (€25.78million) for its operations in Romania in the nine months ending September 30, 23% above year-ago levels. Net revenues for Jan-Sep...
The benchmark exchange rate set by the National Bank of Romania for the U.S. dollar fell to the one-year low, of 2.8355 lei per dollar. Against euro, the leu strengthened to 4.2597 the lowest in...
Portable computer shipments should drop 47.91percent in 2009 to 250,000 notebooks from 480,000 in 2008, according to Acer Notebook country manager for Romania, Constantin Balmus.
FIC stocks (BSE:SIF) at the Bucharest Stock Exchange finished up 1.22% today, in a steady session, amid intense speculation over Parliament’s decision to raise equity holding cap of 1%.
The unemployment rate in the industry sector will continue to rise in November, as well as in construction sector. However, private companies expect the factory output to grow and stocks to run...
The Edata holding of companies in IT consultancy and software distribution plans to approach new market sectors in the coming period. The first sector it targets is pharmaceuticals; Edata expects...
Pharmacy chain Sensiblu, the country’s largest network by coverage, has put forward several budget plans year-to-date. In the ten months through October, the company abandoned five of them...
PricewaterhouseCoopers (PwC) Romania appointed Paul Facer as Assurance financial service leader for Romania and Moldova, with additional client service responsibilities in Bulgaria.
Chief executive of Banca Transilvania, Robert Rekkers bought during yesterday’s trading session 20,000 shares worth 45,050 lei (€10,575), according to the latest filing of Banca...
The Finance Ministry’s tender of €0.5 billion one-year euro-denominated T-bills is likely to produce a yield of 4%, according to the estimates of Vlad Muscalu, economist at ING Bank...
Romania's national currency fell 0.3 percent against euro at the benchmark exchange rate from yesterday, to 4.2733 lei per euro, after losing ground to its European peer in the morning, in line...
Cosmote telecom carrier said Stefanos Theocharopoulos, CEO of the mobile telecom carrier will assume the role of chairman and chief executive of Telemobil SA (Zapp), while continuing with his...
State-owned electricity generator Hidroelectrica borrowed €60 million from a private bank, and is in advanced talks for another three loan facilities of €30.70 million and €135...
HTC Corporation, one of the world’s largest smartphone-makers, has recently optimized its activity in Southeast Europe, Middle East and North Africa (SEEMENA). The new hub will oversee...
Financial rating agency Moody’s has downgraded the ratings of three of the largest commercial banks in Romania, in light of its global review of systemic support indicators for the...
French-based insurance company Groupama will recruit 3,000 employees annually in 2010, 2011 and 2012, as the number of job applications on its website increased three-fold over the past nine...
Find out what are the high-tech habits and preferences of Bogdan Pasat, sales & marketing director of JVC Romania and Bulgaria, and his view on the future of technology.
The benchmark exchange rate set by the National Bank of Romania increased by 0.17% today, to 4.2807lei versus euro, after sharp decline in the early interbank trades, to 4.30 lei/euro, in line with...
Mazda CX-7 facelift has been awarded with the UZEAR’s (Union of Auto Journalists and Editors in Romania) “2010 SUV of the Year Award”.
In the ten months through October this year, municipalities issued 41,861 building permits, 21.2% fewer than the same period of 2008, and in October, 13.1% fewer than in September, according to...
Appliance and consumer-electronics retailer said it would open new store in Bucharest, in Grand Arena Mall, its sixth electronics megastore opened in 2009, after the units in Timisoara, Bucharest,...
Banca Comerciala Romana (BCR) will redeem a series of leu-denominated bonds worth 242.83 million lei issued in 2006 and will pay the redemption amount for the sixth coupon rate of 3.65lei/bond, the...
Austrian-based insurance group said its net profit fell 68% from the same period of last year to €35 million, largely weighed down by its operations in Eastern Europe.