Companies
Domo And Flanco Set The Stage For Deal To Bring Them Closer To Market Leader Altex
Computer and electronics retailers Domo and Flanco, the number two and three on the local market, are in talks to create a company with a more than EUR250 million revenue, close to the marke...
Is Vodafone Buying Cable TV Operators In Romania, Too?
UK’s Vodafone, which signed deals to buy cable TV operators in Europe worth EUR15.2 billion in the last six months, might take a similar step in Romania to be able to provide integrated fixe...
SIFs Shift To Real Estate, Distressed Companies And Agriculture For Investment
SIF Banat-Crisana (SIF1.RO), SIF Moldova (SIF2.RO) and SIF Muntenia (SIF4.RO) plan to continue selling banking stock in 2014 and shift investments to less traditional activity fields for the...
INS: Foreign Tourists Spent EUR1.08B In Romania In 2013
The 1.71 million foreign (non-resident) tourists who traveled to Romania in 2013 spent a total 4.79 billion lei (EUR1.08 billion), mostly on accommodation, according to data released Monday...
Bilka Steel Buys Romlag Brasov Assets, Plans Investments Of EUR5M By 2016
Romanian steel roof tile maker BILKA Steel, owned by businessman Horatiu Tepes, bought the real estate assets of bankrupt Romlag Brasov and plans to invest EUR5 million in its industrial dev...
Foreign Investment Up 8% To EUR244M In January, BNR Data Shows
Romanian foreign direct investment, or FDI, rose 8% on the year to 244 million euro in January, the central bank (BNR) said Monday.
April 1 Brings Additional Fuel Excise Duty And Natural Gas Price Hike
The Romanian industry will get a double blow on April 1 with the introduction of the additional EUR0.07 excise duty per liter of fuel devised by Ponta Government to boost budget revenue and...
Grocery Retail Sales Reached EUR14B In Romania In 2013
Romanian consumers spent almost EUR14 billion in hypermarket, supermarket, discount store chains and traditional retail stores last year, the same as in 2012.
Fashion Brands Likely To Dress Up Romania
Over the past decade, Romania has attracted tens of brands, led by Zara and H&M, which came here and opened hundreds of stores to gain a widening share of the 60-65 lei (about 15 euro) a Rom...