French group Carrefour is paving the way for launching Supeco in the Romanian market, a cash&carry hypermarket positioned in the B2C segment. The first units will be probably opened in Giurgiu, Ramnicu Valcea and Targoviste, as for these loc...more »

Romania's Parliament today voted Misu Negritoiu as Head of Romania’s Financial Supervisory Authority (ASF). Formerly General Manager of ING Bank Romania, Negritoiu has been proposed by Prime Minister Victor Ponta at the leadership of ASF, his nomination being approved on Monday, March 31, by the joint finance-budget-banking committees....more »

Bert Fol left Russia for taking over the leadership of Radisson Blu Hotel, Bucharest, the largest five star hotel in the country.  He replaces Yilmaz Yildirimlar who has been promoted as Regional Director Park Inn Hotels in Russia....more »

Speedy AD, a leading courier company in Bulgaria, plans to fully take over Dynamic Parcel Distribution Romania and GeoPost Bulgaria according to its regional development strategy, an informing on the Bulgarian Stock Exchange states....more »

The Executive Board of the International Monetary Fund (IMF) yesterday completed the first and second reviews of Romania’s economic evolution under the conditions agreed in the 2-year Stand-By Arrangement (SBA). The arrangement was concluded last fall and it is treated as precautionary by the Romanian authorities. An IMF Mission came to Bucharest in late-January for a two-week visit for assessing the country's performance in reltion to the economic criteria agreed....more »

Remus Borza, the judiciary administrator of Hidroelectrica, announces major changes within the company’s management. The first one – Adrian Gheorghe, who has been today appointed as Manager of the Financial Department, replacing Gergeta Iosif that has had this position since 2012....more »

Romania’s power grid operator is new member of the American Chamber of Commerce in Romania, an advocacy and business growth professional association. “It is particularly important for Transelectrica the exchange of experience in the fields...more »

Deutsche Bank opens this year in Bucharest a global technology center to support its operations. The center – DB Global Technology - should be inaugurated by the end of June and will initially employ 100 people. Subsequently, the German bank intends to expand the workforce by 500 employees in 2016, according to Mediafax that quotes a press release of the bank....more »

Romania’s courier market is one of the most dynamic in terms of development, recording huge growth year-on-year, especially recently since the e-commerce has started flourishing, becoming a real catalyst of the revenues registered by companies...more »

Nuclearelectrica will provide almost 4 million euro to two of Romania’s most important projects: Tarnita-Lapustesti hydropower plant and the 400 Kv submarine communications cable between Romania and Turkey. The decision was taken during the Ge...more »