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News in Business
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The volume of construction works dropped to six months by 10.2%, as gross series, taking into account the drops in capital repairs' works, by 18.4%, and in the maintenance and current repairs, by 12%, and as adjusted series after the number of working days and seasonality dropped by 9.4%, according to the National Institute of Statistics. read more...


Anca Vlad, the CEO of Catena Grup, is an ardent supporter of entrepreneurial spirit and thinks that you can't have a successful business without taking risks. read more...


The National Salt Company - Salrom SA last year achieved a profit of 38.7 million lei, up 86% over 2012, said Alina Floroian, marketing economist with the company. The turnover of Salrom reached 308.3 million lei, up 13% over 2012, she said. read more...


The volume of construction work increased as a gross series by 28.8 percent in March 2013 from February and as an adjusted series, depending on the number of working days and seasonality, it grew by 2.7 percent, informed the National Institute of Statistics (INS) in a release it senton Monday. read more...


"Arădeanca" Arad, the biggest doll maker in Romania, which had a 60% market share, entered bankruptcy after the reorganization plan was rejected by the creditors. According to Ioan Biriş, the representative of Activ Grup IPURL, which was appointed as a temporary liquidator, the creditors are not required to justify their vote against the reorganization plan. read more...


The major Chinese producer of wind turbines and the second in the world, Sinovel Wind Group, aims to invest in Romania in building wind farms, but also in a wind turbine plant, announced the Chamber of Commerce and Industry of Bucharest (CCIB). read more...


The share of Romanians who would want to be their own bosses – 48 percent – is one of the highest in the EU states, being exceeded in this chart only by the Portuguese, Latvians, Lithuanians, Bulgarians and Greeks, shows a Eurobarometer released in Brussels on Wednesday, on the occasion of the European Commission’s (EC) presenting an action plan to stimulate entrepreneurship. read more...


As many as 2,470 joint-stock commercial companies with foreign capital were registered in Romania in the first five months of this year, the total value of the invested capital having reached 5.364 billion lei (1.227 billion euros), according to the data centralized by the National Statistics Institute. read more...


Construction work volume surged by 26.9 percent in April 2012 compared to March as gross series and by 11.5 percent as working day and seasonally adjusted series, according to figures released by the National Institute of Statistics (INS). read more...


The call centres” procedure of taping the calls without the clients” agreement is illegal, Ombudsman Professor Dr. Gheorghe Iancu told a news conference in Targu Mures (north-west of the capital). read more...




Romania will raise fines for the selling, importing, exporting and production of products that can be mistaken for food to 1,000-3,000 lei (EUR400–EUR1,200) from the current RON70-RON100, according to a draft order of the Romanian Consumer Protection Authority. read more...


Cigarette sales in Romania increased 15-20% in the first half of this year, compared to the first half of last year, as tax evasion has decreased, said Gilda Lazar, corporate affairs manager with Japan Tobacco International Romania. read more...


Romanian Prime minister Emil Boc on Saturday said the Government will focus in the upcoming period on implementing a new program to support small and medium-sized businesses. read more...


On June 1st, Heineken Romania and Haber SA Haţeg have concluded a merger project, by which the former will absorb the latter. Haber SA is a company traded on the Rasdaq. The shareholders of the two companies had approved the merger process ever since April, according to an announcement published in the Official Gazette. read more...


Sales of beer in Romania dropped by 2% in the first quarter, compared to the same period of last year, and by 25% compared to the first three months of 2008, which was the best year for the industry, said Constantin Bratu, executive manager of the Berarii Romaniei association. read more...


Romania will contribute by 22 billion American dollars to the growth of the constructions sector in the upcoming 10 years, representing the fourth biggest contribution in Central and Eastern Europe after Russia, Turkey and Poland but it will have even a bigger contribution than Czech Republic, Ukraine and Hungary to the world’s growth, a press release of the local PricewaterhouseCoopers branch remitted to HotNews reads. read more...


Floorboard market players are hoping for a two-digit increase for the sector this year amid signs the constructions market will improve. Egger, Kronospan and Barlinek are among the biggest players on the market, dominating the industry. read more...


Japan Tobacco International, JTI, announced on Friday its plans to shut down the factory in Austria by the end of the year and shift production to Romania or Poland, Kurier.at reports. The 240 employees of the factor in Hainburg will lose their jobs and another 80 in the Vienna administrative headquarters will be also fired. read more...


Angst, one of the biggest cold cuts producers with 48 million euros in turnover last year, delivers meat and meat products worth around 5 million euros to Howard Johnson, Crowne Plaza, Continental, Hilton hotels, City Grill, Pizza Hut and McDonald's restaurants and even to the restaurant in the Ikea furniture store. read more...


Lucian Ghiţescu, manager of the Home Appliance division of Samsung Electronics, says the home appliances market will be stable in 2011, with growth expected only in 2012, although the worst has passed. read more...



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