Business Review

The yellow alert for snow and blizzard has been prolonged until Sunday evening at 20:00. It will snow countrywide and snow thickness is expected to exceed locally 20 cm especially in the hills and mountains area.

Simona Bazavan

Austrian corporation Kapsch, specialized in solutions for domains such as intelligent transportation systems, telecom and railway operations, information and communication technology, has announced today the takeover of Romanian firm Squario IT Solutions.

Otilia Haraga

Government has no intention to reduce the VAT, not even for food products, Romanian finance minister Gheorghe Ialomitianu said this Friday. He added that if any tax cuts will be operated, the priority will be to reduce the social security contributions.

Simona Bazavan

Businessman Sorin Ovidiu Vîntu received a half-year sentence for blackmail, as decided by the Court of Justice in sector 1. The decision is not definitive and can be contested.

Otilia Haraga

Hungarian low-cost airline Wizz Air has announced that it will invest EUR 100 million in expanding its operations from Budapest, including the acquisition of two Airbus A320 airplanes this March.

Simona Bazavan

Aura Toma will be managing director of the Lowe&Partners agency starting this March. She is replacing Oana Cociasu who was appointed another position with the Lowe group. Toma holds 15 years of professional experience in advertising, having previously held top management positions with several local agencies.

Simona Bazavan

Hungarian national carrier Malev has folded after over 65 years of operations. The board of directors made the decision to ground aircraft on 3 February after mounting losses. The European Commission had ordered the beleaguered airline to repay EUR 130 million of state aid it bad received between 2007 and 2010.

Cezar Burlan has joined Ringier Romania as advertising director. His appointment comes after the media company has extended its local print portfolio by taking over local Edipresse. Burlan has over 15 years of professional experience in sales advertising.

Simona Bazavan

There's no way Facebook is worth USD 75 billion, warns Forbes.com concerning the listing of the company on the stock exchange and the commotion surrounding this.

Otilia Haraga

Romanian video sharing website Trilulilu has launched an application called Zonga that offers access to the most comprehensive legal music collection in Romania, according to a press release of the company.

Otilia Haraga