The most important players in the local market included in Coface’s annual study on the Top 500 companies in Central and Eastern Europe have recorded an average growth by 6.3 percent in terms of turnover and by 3.3 percent as regards profit, according to the credit insurance company....more »

Chinese corporation ZTE has won a wireless project contract from Cosmote for transforming the existing 2G/3G network and build a new Long-Term Evolution network (4G LTE) in southern Romania, the company announces....more »

Mega Image and eMAG have launched a joint platform called “Supermarket at home” aimed at offering an online supermarket experience to their clients throughout Romania, who will have access to over 7500 food and non-food products....more »

Former partner Perry Zizzi returns to Dentons after seven years since he left the team, the law firm announces. Zizzi will lead the Bucharest banking&finance group and will be a core member of the real estate team, covering Europe and beyond....more »

Renault Commercial Roumanie , the company that handles the sale of Dacia, Renault and Nissan vehicles will have a new CEO starting this fall. Jan Ptacek will take over the leadership as from September 1, 2014, replacing Thomas Dubruel who will be appointed Deputy General Manager of Renault MAIS – the group’s Turkish subsidiary in charge with distribution, states a press release....more »

The Do It Yourself chain bauMax has reached an agreement for selling its domestic chain comprising 15 stores to French-based Adeo Group according to Agerpres which quotes APA. The sale was concluded through a “share deal” transaction, pending competition approval, whose price has not been disclosed....more »

eMAG IT Research will set up a software development center in Romania’s capital city, Bucharest, which will support the expansion of eMAG platform in Europe. The new center will employ about 200 people and will deliver the first software application this fall in October, expecting to come up with some 25.8 million euro for the regional development in the coming seven years....more »

The deadline for joining the EU Business Avenues is approaching, so companies planning to expand their businesses in South Asia through this initiative launched by the European Commission can apply on the campaign’s website www.businessavenues.eu by July 11, 2014, announces Deloitte, the programme operator in Romania....more »

Lafarge assets’ in Romania could be sold as part of the strategy relative to the planned merger with Holcim to create Lafarge-Holcim, a giant group in the building materials industry, the two companies announced....more »

Adrian Ghenie has produced a major surprise at Sotheby’s auction in London, his work, “The Fake Rothko” sold for 1.43 mln pounds (about 1.79 million euro) becoming the most expensive artwork-ever of a Romanian painter. The 2010 oil and c...more »