Companies
Bebe Tei, The First Children’s Products Supermarket, Heads Toward EUR10M In Revenue
Bebe Tei, the first children’s products supermarket opened in Bucharest, has boasted higher-than-expected results since launch last April until present, says Dragos Vladu, one of its shareho...
Lufkin To Increase Headcount In Ploiesti Plant
Since it opened the oil equipment plant of Aricestii Rahtivani, Ploiesti, in mid 2013, Lufkin group has hired another 80 people, so that the unit that makes oil pumps for 20 countries now em...
Boromir Prod Turnover Down 19.6% In 2013, Loss Doubles To RON3.9M
Romanian milling and bakery company Boromir Prod Buzau (SPCU.RO), controlled by businessman Constantin Boromiz, ended 2013 with a turnover of RON91.67 million (EUR20.7 million), down 19.6% o...
Romania's Leading Insurer Astra Placed Under Special Administration Of KPMG
Romania’s Financial Supervision Authority (ASF) has ordered financial recovery procedures and has placed the country's leading insurance company Astra under special administration.
Romania's Car Production Down 6% In January
Carmakers Dacia and Ford assembled almost 32,800 cars together in January, according to market data, 6% fewer than in the year-ago month. This is the first time in three years when car produ...
Office Furniture Sales Drive Corporate Office Solutions Revenue Up 21% In 2013
Office furniture importer Corporate Office Solutions (COS) posted EUR16.2 million revenue in 2013, up 21% on the previous year and better than expected.
Avon: Business Picked Up On Promotion, Not Consumption
Avon Romania, the biggest direct cosmetics sales company, returned to growth in 2013 after two years of decline, but the increase stood below 5%.
Dr. Oetker Buys Land Plot For New Plant Near Curtea de Arges
Dr. Oetker, the biggest player on Romanian food additive market, is set to build a new plant in Valea Iasului locality of Arges county, after it bought a 14-ha land plot located near its cur...
Crisis Upsets Hervis Plans
Sports equipment retailer Hervis, which had planned to open 40 stores in Romania by 2013, had its plans hindered by the crisis and managed to open just 13 stores by the end of last year, cit...