November 23, 2017

St. Patrick’s Day Festival in Bucharest, March 15-19

Bucharest will be hosting the biggest Saint Patrick’s Day festival Romania has ever seen, between March 15 and 19, to mark the Irish presidency of the European Union. Ireland celebrates its national … [Read more...]

Bucharest is 42nd among most expensive 63 office markets in the world

According to a study of real estate consulting company Cushman & Wakefield, Bucharest went down three positions to 42, in the classification of the most expensive 63 office markets in the world, although … [Read more...]

An unexpected success in India: 24,000 Dacia Dusters sold in 6 months

Renault’s Duster is the ideal solution for the Indian middle class. The car is big enough, safe and cheap to propel sales of the French group which is getting close to competitor Volkswagen on the third … [Read more...]

EBRD – may finance the purchase of grain silos in Romania, Serbia, Hungary and Croatia

The European Bank for Reconstruction and Development (EBRD) is considering a loan and equity investment in a French agro-industrial cooperative (Axereal) that plans to buy grain silos in Serbia, Romania, … [Read more...]

Romanian pharmaceutical market sales go up by 3.1%

In 2012, the pharmaceutical market in Romania reported sales of 2.63 billion euros, 3.1% more than the year before, reads a survey by the market analysis company Cegedim Romania. The survey also expects … [Read more...]

AXA Romania – 31 % growth in gross written premiums in 2012

Last year AXA Romania, part of French insurer AXA Group, registered a 31 % hike in gross written premiums, and premiums for new insurance policies written by individual clients rose by 74 %, while the … [Read more...]

Hörmann predicts 10 % hike in turnover this year on higher industrial demand

The largest European producer of garage doors and loading technique, Hörmann, estimates a 10 % growth in the turnover due to additional demand in the industrial sector. The industrial doors generated … [Read more...]

More than 250 companies from 25 states at Romania’s Tourism Fair this March

Over 250 companies from more than 25 countries, along with over 50 tourism regions in Romania will attend the Romania's Tourism Fair (TTR). The fair is to take place at the Romexpo Exhibition Center of … [Read more...]

Arpechim acquisition and high wages steered Oltchim to insolvency

The minister of Economy, Varujan Vosganian said yesterday during talks about the preliminary report on the reasons that led the plant to insolvency, which was presented in a press conference that Oltchim’s … [Read more...]

Romania must refund EUR 17.7 M to the EC

The European Commission (EC) yesterday requested the refunding of the total sum of EUR 414 M from member states, representing funds relative to the Common Agricultural Policy (CAP) of the EU, incorrectly … [Read more...]

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