A new airline enters the Romanian market. Fly Romania, part of Ten Airways, company owned by Ovidiu Tender, will operate domestic and international flights starting May 15. Departures will be available from Bucharest, Timisoara and Tulcea towards Italy, Spain, Germany and Turkey, the domestic offer including Bucharest-Timisoara and Bucharest-Tulcea routes....more »

French-based company Schneider Electric, also operating Romania today confirmed negotiations on the sale of Custom Sensors & Technologies (CST) division, a transaction worth some 900 million dollar, according to the financial newspaper Les Echos....more »

Alro Slatina, one of the leading aluminum producers in the Central and Eastern Europe, announces that will issue a plan for temporarily closing an important part of its key-production capacities of primary aluminum which will result in a drastic reduction of power consumption, according to a company release. These measures are determined by the higher mandatory quota of green certificates (GCs) set recently by ANRE – Romania’s Energy Regulatory Authority, which will have a negative impact on the company in terms of expenditures, and it could lead to a significant decrease in the number of its employees....more »

General Logistics Systems confirms the involvement and concern about environment and people through its first corporate responsibility report which details the courier company’s strategy in this respect. It involves environment-friendly transp...more »

The Ministry for Information Society signed last week on Friday, February 28, the contract with the representatives of the consortium of consultants that will assist the Romanian state in the privatization of Romtelecom where has a 45.99 percent stake, is announced through a media release....more »

The German car manufacturer Daimler AG plans to merge its domestic distributors - Mercedes-Benz Romania with EvoBus Romania so as to increase its operational efficiency in terms of sales and after-sales in the Romanian market. ...more »

Inaki Berroeta, who has recently taken over the management of Vodafone Australia will be replaced by Ravinder Takkar, General Manager of Vodafone Partner Markets that will be in charge with the group’s domestic subsidiary starting May 1, 2014,...more »

German group Praktiker has sold its domestic operations consisting of a 27 retail stores to Omer Susli, a Turkish man with business in the construction field, according to Mediafax which quotes some sources in the DIY market. As per the same news agency, the official announcement should be made shortly....more »

OMV Petrom recorded last year the biggest profit in history, the net figures rising to 4.82 billion lei (a little bit above 1 billion euro), an advance of 22 percent compared to the previous year, as showed by the group’s preliminary financial...more »

Last year showed a much-expected revival of the domestic economy, whose advance exceeded 2.5 percent, as well as all expectations, mostly supported by exports and the record-high agricultural production. A significant progress has also been recorded in terms of foreign direct investments which went up to the highest level in the last four years – some 2.7 billion euro....more »