Chinese group Junlun Petroleum has confirmed again that it is interest to involve in the privatization of Oltchim, announced the Romanian Ministry of Economy, Trade, and Tourism, following a meeting between the Minister, Mihai Tudose and a delegation of the said company....more »

New Europe Property Investments has appointed Sebastian Mahu to coordinate its recently-acquired Promenada mall starting April 2015....more »

The expected merger of world's building materials giants, Holcim and Lafarge, could fail according to the Board of Directors of the Swiss group who announced that the transaction cannot be carried out under the current terms....more »

The European Bank for Reconstruction and Development (EBRD) and Romania have signed a Memorandum of Understanding, pledging to expand support for small and medium-sized enterprises in the country, which is considered a key sector of the domestic economy....more »

Construction work in Romania returned to growth year-on-year in January 2015, albeit it saw a decline compared to the previous month, indicates the latest report released by the National Institute of Statistics....more »

Romanian medium-sized companies are optimistic with respect to the evolution of their turnover throughout 2015, 64 percent of them anticipating higher revenues compared to last year, according to EY Romania's “New vision for growth 2015” study. In contrast, only 50 percent of the medium-sized companies in Europe expect higher turnover this year, shows EY's “European Mid-Market” Barometer....more »

Polish company AmRest Holdings has reached an agreement with Marinopoulos Coffee SEE to take over the operators of Starbucks franchise in Romania and Bulgaria, transaction estimated at 16 million euro. Final purchase price will be, however, determined at transaction closing....more »

Ford Romania will reduce workforce at its plant in Craiova, in line with the programme of voluntary termination of employment contracts announced in November 2014, however, the number of employees leaving the company is 25 percent smaller tha...more »

The entire Board of Directors of TAROM has resigned, Gabriel Dumitrascu, Chairman of the company's Board, told HotNews.ro. Their decision came after approving the 2015 budget, Dumitrascu, also resigning, explained....more »

Romanian cosmetic manufacturer Farmec has invested more than 10 million lei over the past year in modernization work, enhancing its products portfolio.  Accordingly, the company headquartered in Cluj-Napoca grew its sales, leading to a tu...more »