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In a mergers & acquisition markets that recorded a decline of 75% in first six months, Citigroup, and legal adviser Schoenherr and Tuca Zbarcea & Asociatii lead the ranking of M&A most...
Petrom, the largest oil and gas producer in South Eastern Europe, said it started the production from the recently drilled offshore wells Delta 6 and Lebada Vest the maximum potential being 4,500...
The benchmark exchange rate settled by the National Bank of Romania jumped 0.46 percent to 4.2747 lei per euro, the highest level in six months, on a market with low volatility, after the leu waved...
Telefonica, one of the world’s largest telecommunication companies said it had opened new operational units in 15 European countries, including Romania, in an effort to enhance the integrated...
Vienna Insurance Group’s Omniasig insurance company paid to its clients a total of 446.72 million lei (€105.6 mln) for insurance claims, 33.61percent more than the same period of last year.
The National Bank of Romania will put into circulation for numismatic purposes a gold coin, a silver coin and a copper-plated tombac coin dedicated to voivode Vlad Tepes on the occasion of...
Industrial production in Romania fell 4.5% in July year-on-year at a rate three times lower than the European Union’s average of 14.7%, according to the data provided by the statistical arm...
ADA Cosmetics, Europe’s market leader in premium hotel cosmetics said it would expand operations, by opening the eighth unit of its global network in Bucharest Romania.
The local retail market is facing a new reality: the vacancy rate in shopping centers ranges between 5% -60% while nearly 40 high street retail spaces are vacant, according to a research report of...
New car registrations fell 59.5% in Romania in the eight months through August down to 81,824 units, one of the biggest market contractions in European Union, according to the statistics of...
The overall volume of retail investment transactions amounted to just €8.3bn for the whole of Europe, a 54% decline on the same period in 2008. However, retail’s share of the total still...
Microsoft, Ericsson, IBM, Adobe, Alcatel-Lucent and BitDefender are the most desirable employers in the tech industry, according to a survey conducted by BitDefender, local producer of security...
The benchmark RON/EUR rate settled by the National Bank of Romania dropped 0.17 percent to 4.2673 lei per euro, from yesterday's six-month high of 4.2747, as the other regional currencies had a...
Mazda will present at Frankfurt Motor Show a new take on its roadster Mazda MX-5 Superlight and its CX-7 facelift SUV.
Neole Limited buyout firm, held by Cinca and other shareholders has taken a 1.15% stake in Flamingo (BSE: FLA) for around 300,000 lei (€70,000).
Mergers and acquisitions market in Romania stands at nearly €1.2bn euro in the eight months through August this year, and is likely to reach €2bn by year-end, three times less than in...
Slaughter&May – Bulboaca & Asociatii joint venture has been appointed by the Ministry of Finance as legal adviser in the €500mln and €1.5bn-eurobonds issue the minister...
Low-cost airline, Blue Air will introduce as of October 25, two new flights from Romanian city Cluj-Napoca to Rome and Paris.
Companies have shifted from things that were simply “nice to have” to those that are “must-haves”. This is one of the aspects underlying FMCG companies’...
The eight-month budget gap is estimated at approximately 4.4% of Gross Domestic Product, according to Romanian minister of finance, Gheorghe Pogea.
The European Union has lead significant efforts in reducing the CO2 emissions by forcing car makers to manufacture greener cars. However, some countries appear to be reluctant in buying...
According to a new GfK survey, around 6% of Romanian consumers said they would be interested in buying a new car, compared to 9% a year earlier.
The benchmark exchange rate settled by the National Bank of Romania dropped 0.13 percent to 4.2618 lei per euro, as the national currency showed signs of weakness in the early trades, NewsIn informs.
Romanian is in advanced talks with Azerbaijan, Turkmenistan and Kazakhstan to secure gas supply to the proposed 3,300km Nabucco pipeline, said the secretary of state with Romanian Ministry of...
Around 47% of the companies with over 11 employees have reduced the amounts allocated for IT departments in an effort to withstand the crisis, a recent survey conducted by software providers IT...
Albert Roggemans, deputy chief executive of ING Bank’s Romanian retail banking business will step down in November to take up its former role in the Belgian subsidiary of the Dutch-based...
Romanian businessman Dinu Patriciu and former Georgian Prime Minister Vladimer Lado Gugenidze reached an agreement Thursday to acquire Georgia’s Narodny Bank througha special buyout vehicle...
Local low-cost airline companies were affected differently by the financial crisis over the past 12 months: while some racked up big profits, other turned to forfaiting.
After serving four years as marketing vice president of dairy producer Tnuva Romania, Sagit Tzur Lahav, 33, will take up the new leadership role in McCann Erickson Romania.
Central Depository said it had registered since Tuesday the financial instruments issued by OMV AG into the clearing settlement and registry system RoClear. The instruments can be traded on the...
The benchmark exchange rate settled by the National Bank of Romania slipped 0.1 percent to 4.2579 lei/euro, after the central bank balanced the excessive liquidity on the market in an effort to...
Heineken Romania, one of the largest brewers in Romania said it would cast off barley-malting at its breweries in Romania, leaving 61 workers without jobs, in an effort to improve efficiency. The...
The National Bank of Romania could leave room for further devaluation of the national currency, as it failed to bridge the gaps between wages and productivity, ING said in a report.
When Lehman’s failure sent shockwaves around the world and jolted the financial systems, including the Romanian, bankers put a stop to small-business lending which snowballed into a state of...
The new chief executive of BMW Group Romania, Stephan Breschan (photo) comes from BMW China and will replace Bernd John who served as general manager since January 1, 2009 after the retirement of...
Mihai Anghel is sales director at Gecad Technologies /Axigen, vendor of Axigen, messaging solutions provider. He admires Google for the business lesson it offers to the world and Silviu Hotaran,...
The benchmark exchange rate settled by the National Bank of Romania climbed to 4.2658 lei per euro, after the leu switched to a downtrend, on a market with low volatility, as the other emerging...
On its next shareholder meeting due on September 20, Petrom (BSE: SNP) will propose to change the name of the company into OMV Petrom and the modification of the certificate of incorporation,...
Unilever, one of the largest consumer-products companies will move two of its production lines to Romania, after closing down its facility in Nelahozeves, Czech Republic, Unilever representatives...
AT&T, one of the US largest telecommunication company and Intel, world’s largest chipmaker announced plans to bring the power and cost savings of enhanced remote PC tech support to small...