Companies
Michael Grewe Steps Down As Mercedes-Benz CEO After Seven Years
German Michael Grewe, one of the longest-standing executives in the car industry, will as of June 1 step down as CEO and president of Mercedes-Benz Romania, an annual business of around EUR1...
Price Of Gasoline Up 5% And Diesel Oil Price Up 4% In 1Q
In the first quarter of the year major fuel distributors boosted pump prices, although estimates made by oil companies at the beginning of 2013 showed that consumption was expected to stay f...
Hidroconstructia Sees Revenue Shrink 40%
Largest Romanian-held construction company in 2011, Hidroconstructia, posted 623.6 million lei (EUR141.2 million) revenue in 2012, down 38% year-on-year.
Price Of Romanian Corn Fell 30% In Past Three Months
The price of corn has fallen to 800 lei/ton (EUR180/ton) in Romania, 30% less than three months ago and the trend points to further declines in the coming period.
Kaufland Tests Smaller Store Format
Kaufland, the largest retailer in Romania, will be testing a new store format of about 2,000 square meter retail area, the same as used by a large supermarket.
Romania Wants To Write Off Part Of Posta Romana Debts To Make It More Attractive To Investors
A part of the debts to the state budget of state-owned postal company Posta Romana will be written off through the transfer of the shares of stamp issuer Romfilatelia, entirely owned by the...
Romania Has 140 People With Assets Exceeding $30M - Survey
About 140 Romanians have net assets worth over $30 million and their number might increase 34% by 2022 to 184 people, according to a survey by company Knight Frank.
Tourist Arrivals In Romania Up 22.2% On Year In February
Tourist arrivals in Romania rose 22.2% in February from the year-earlier month, while overnight accommodations were up 22.6% on the year, the statistics institute INS said Monday.
New CEO Starts Work On Biggest Telecom Project: Integration Of Cosmote And Romtelecom
The first German CEO in the history of Cosmote and Romtelecom takes over on Monday the management of the largest Romanian group of telecom companies, and is set to have a difficult mission r...