Morning News Brief

Romania's Information Technology (IT) is the largest sector and was the only one to show a slight increase (3.2%) compared to Q1 2011. The Consumer Electronics sector (CE) was relatively stable, at -0.2%. … [Read more...]

Danone announced that its turnover in 2011 in Romania amounted to RON 503 million (about EUR 119 million), up 5.7 % year on year, while sold volumes were flat. The growth rate is below the one reported … [Read more...]

According to campaigners at Greenpeace, Ford, GM and BMW are sourcing material from Brazil that is driving illegal logging and slave labor. Brazil is a major exporter of pig iron, a primary ingredient … [Read more...]

Last year, dairy producer Danone Romania sold EUR 118.6 million worth of dairy products. That is 5.7 % higher than the year before. According to Dieter Schultz, the general manager of Danone for Central … [Read more...]

For the fifth time, Radu Ghetea has been appointed chairman of the Board of Directors of the Romanian Banking Association (ARB) by the General Assembly of the Association. The association also reconfirmed … [Read more...]

In the first quarter of this year, Property Fund (FP) reported a net loss close to EUR 350,000. The loss is due to a lack of dividend income as companies in FP’s portfolio are starting to declare them … [Read more...]

According to statistics from the European Automobile Manufacturers' Association (ACEA) released on Tuesday, between January and April, Romania had the most significant advance of new car registrations … [Read more...]

In the first quarter of 2012, Digital TV, internet and fixed line telephone operator UPC Romania has recorded at least some growth across all its areas of activity. UPC’s total number of revenue generating … [Read more...]

At the beginning of this year the Competition Council sanctioned six oil companies with fines worth almost RON 900 M (more than EUR 200 M) for entering anti-competition agreements. Now, authorities have … [Read more...]

Last year, the software piracy rate in Romania amounted to 63 %, the equivalent of pirated software being in value of USD 207 million. According to Magda Popescu, Business Software Alliance outside counsel, … [Read more...]