Business Review

Telecom operators RCS&RDS, Orange and Vodafone have announced that their customers will be able to use mobile internet free of charge on the Bucharest subway system.
Otilia Haraga

The BBDO group announced that it won the Microsoft communication account, following a pitch during the most important 7 brand agencies in Romania competed against each other

Otilia Haraga

Lidl will open two stores next Monday in Constanta and Tragu Jiu, bringing its national network to 124 units.

Simona Bazavan

The German company, Karl Gruppe, is interested in developing projects in the hydro energy sector, according to an official press statement from the Ministry of Economy.

Ovidiu Posirca

Russian state-owned company TISE is interested in acquiring the petrochemical Oltchim complex, according to an official press statement from the Romanian Ministry of Economy.

Ovidiu Posirca

Romania’s volume of FOB exports has increased by 24.2 percent, to EUR 33.4 billion, in the first nine months of 2011, compared to the similar period of 2010, according to an official press statement from the Romanian Ministry of Economy. 

Ovidiu Posirca

Telecom operator Cosmote Romania posted total revenues of EUR 120.6 million in the third quarter of the fiscal year 2011, ended September 30. This represents a 2.6 percent increase on a yearly basis, announced the Greek group OTE, main shareholder in the company.
Otilia Haraga

In its latest economic forecast, published on November 10, the European Commission (EC) presents its assessment of the economic prospects for the EU and the euro area at the aggregate level. It also analyses the economic development of Romania and forecasts the economic trajectory through to 2013.

Ovidiu Posirca

Romanian Catalin Gavrilescu was promoted as Operations Manager in Xerox Developing Markets Operations (DMO), starting with November.
Otilia Haraga

Erste Group Bank AG and its Romanian subsidiary Banca Comerciala Romana (BCR) are granting a EUR 50 million loan to four Romanian steel production facilities, part of the Mechel holding. In 2010, iron & steel was one of the top 10 fastest growing industries in Romania, expanding by 35 percent. Over the next decade, iron & steel production in Romania is expected to continue growing by 4 percent a year on average, according to Oxford Economics Industry forecast for Romania for the autumn 2011.