Companies
Businessman Nelu Iordache Arrested In EU Fund Embezzlement Case
Romanian businessman Nelu Iordache, owner of construction company Romstrade and low cost airline Blue Air, was placed under preventive arrest Sunday for the alleged embezzlement of 25 millio...
Tourist Arrivals In Romania Up 9.6% On Year In October
Tourist arrivals in Romania rose 9.6% in October from the year-earlier month, while overnight accommodations were up 5.4% on the year, the statistics institute said Monday.
Certified Seed Producer KWS Strengthens Presence In Romania
Certified seed producer KWS is strengthening its presence on the Romanian market with a EUR1 million investment in a seed research and development facility close to Alexandria, Teleorman cou...
Weakest Year For Brokerage: Market Falls, Major Brokers Shut Down Operations
The value of stock transactions conducted on the Bucharest bourse (BVB) fell by 27% in the first 11 months against the similar period of last year, to around RON7.28 billion (around EUR1.6 b...
Farmer Mihai Anghel Works 25,000 Hectares Of Land With Only 50 Employees
Mihai Anghel, owner of the Cerealcom Dolj group, has installed a high tech system to track his fleet of 40 combines and tractors by GPS, as well as the productivity or fuel, fertilizer and p...
Five Thousand Investors Left Bucharest Stock Exchange
The number of investment accounts on the Bucharest Stock Exchange fell by 4,800 in the first nine months of the year to a six-year low of 83,331 because of political instability and because...
Ivatherm: Exports To Generate 10% Of Sales In 2013
Ivatherm, the only Romanian-held dermocosmetics company on the local market, wants to see exports reach about 10% of its sales next year.
Auchan Buys Real Stores In CEE, Including Romania, For EUR1.1B
Auchan announced Friday it bought Real hypermarkets in Central and Eastern Europe from Metro Group, including the ones in Romania, in a EUR1.1 billion.
CBRE: Less Than 10% Of Retailers Seek To Expand In Romania In 2013
Fewer retailers are interested in expanding on the Romanian market next year than in 2011, according to a survey by real estate consultant CBRE among 100 companies.