September 25, 2018

Iulian Stanciu – the only shareholder in Romania’s Flanco and Network One Distribution

The shareholding structure of IT&C retailer Flanco and distribution company Network One Distribution has changed and Iulian Stanciu became the only shareholder in the two entities. The transaction … [Read more...]

Coca-Cola Hellenic Romania sells less in H1 on current market conditions

The largest Coca-Cola anchor bottler based in Europe, Coca-Cola Hellenic reported decreasing sales volumes on the local market in the first semester of this year due to economic conditions and the political … [Read more...]

The no of Romanian Facebook users nears 5 mln

In August, the number of Romanians who use the social network Facebook has neared 5 million. Of them, over 4.4 million had set their residing town when they created their account on the social network, … [Read more...]

Exotic destinations gaining ground among Romanians

A press release issued by tour operator First Class International reads that “Once in a lifetime” holidays are gaining ground in Romania, driven by cheaper airfares and tourist packages – effects … [Read more...]

Mobile giants join forces over 4G

Telecoms regulator Ofcom has allowed Everything Everywhere, the owner of the Orange and T-Mobile networks, to use its existing bandwidth to launch fourth-generation (4G) mobile services. The move means … [Read more...]

BNR: Financial gridlock continues, investments shrink

The main points of the Conjuncture Bulletin that the National Bank of Romania (BNR) published yesterday are that the financial gridlock will continue, industrial companies will limit their investments, … [Read more...]

ATP Exodus invests in a new automotive center in Oradea

The ATP Exodus continues its nationwide development strategy, preparing the inauguration of a new au­tho­rized center for two of the brands within ATP Exo­dus portfolio, Mercedes – Benz and Mazda, … [Read more...]

White Night of Vintage Cars @ Mamaia

The White Night of Vintage Cars will be held at Mamaia through Friday night, reads a press release from event organizer Artmark Auction House. Vintage car buffs will be able to admire the cars up for sale … [Read more...]

Bank Leumi Romania net profit in H1 at RON 11.7 mln

In the first semester of this year, Bank Leumi Romania, controlled by Bank Leumi le-Israel registered profit of RON 11.7 million (EUR 2.6 million), helped by lower provisioning and a stabilization of non-performing … [Read more...]

Eurolines tourism related sales double in H1

Romanian group Eurolines runs a network of more than 57 travel agencies. The group has reported sales worth RON 121.7 million (approximately EUR 27 million) for the first semester of this year, up 47 % … [Read more...]

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