Business Review

Outstanding debts to suppliers and banks could force local businessman Dinu Patriciu to sell the Mic.ro proximity store network. According to market sources quoted by Mediafax, Patrciu is negotiating the sale of Mic.ro or a possible association with 7 Eleven, the largest proximity store operator in the world.

Simona Bazavan

Valentino, Gucci, Alfred Dunhill, Max Mara, Burberry, Gerard Darel and Ermanno Scervino are some of the international luxury brands which have made headlines with developments in 2011, in Romania, the second largest EU market in Eastern Europe after Poland,” according to an analysis of the luxury market carried out by CPP Luxury Consultants.

Otilia Haraga

Romanian IT firm Novensys, integrator of solutions developed by IBM, Oracle and Microsoft, has announced the takeover of the Microsoft Dynamics division of Ager Solutions, developer of software solutions for business administration, as part of the strategy to consolidate its position on the market.

Otilia Haraga

Twitter has bought a Romanian start-up called Summify, founded by Romanians Cristi Strat and Mircea Pasoi who made an exit from the company two years later after the launch.

Otilia Haraga

Protests in Romania have started one week ago and may well continue as the Government said that people have the right to protest peacefully. However, last night around 50 people have been detained by police forces and several outbursts of rage from violent protesters disturbed the peaceful protests in Universitatea Square. 

Ovidiu Posirca

British company Endava, provider of IT services and solutions, has announced plans to recruit over 250 people all over the country in the first half of the year, with the largest majority to be employed in Iasi.

Otilia Haraga

“The new health law will be completed,” said President Traian Basescu during an intervention at Cotroceni, which was the first appearance after the start of the protests against the current administration in Bucharest and major Romanian cities.

Otilia Haraga

Stephane Barbazan is the new general manager of Novotel Bucarest City Centre, replacing Philippe H. Drivon. With a wide experience in hospitality field, Barbazan's last assignment was the management of the 5-star Grand Mercure Oriental Ginza in Shenzhen, China.

Simona Bazavan

Alexander Tscherteu has been appointed vice-president responsible with loan management at Volksbank Romania. Aged 37, he has over 10 years of professional experience in banking and financial advisory.

Simona Bazavan

Traffic will be restricted today in Bucharest between 14:00 and 19:00 on Kiseleff Blvd (between the Arch of Triumph and Victoriei Square) and on all adjacent streets as about 10,000 people are expected to rally in an anti-government protest.

Simona Bazavan