RTC expects €8.5mn revenues from its power business (10-03-2010)

Q-Power, RTC’s business line focused on the production and distribution of power-friendly solutions, will expand its reach with 12 new branches across Europe and form two Full story

Cisco Romania’s CEO gets permanent post (10-03-2010)

Cisco Romania, the wholly-owned subsidiary of the leading networking equipment and network management supplier, has named Cristian Popescu as chief executive officer, after serving as interim Full story


Holcim Romania’s clinker and cement sales dive 19% (10-03-2010)

Holcim, the world’s second largest cement-maker, said its cement and clinker sales in Romania fell 19%, as a large number of public-sector infrastructure projects ceased because Full story

Deichmann posts 114% growth in revenues (10-03-2010)

German-based Deichmann, Europe’s largest footwear company said its revenues in Romania soared 114% from 29.8 million lei to 63.8 million lei in 2009, while its number Full story


RCS & RDS CEO: We have invested $1bn in three years (10-03-2010)

The biggest telecom company created by a Romanian national has reached more than 8 million subscribers in the region and posted $274 million operating income, while Full story

Lufthansa and Austrian Airlines gain a quarter of Romanian market (10-03-2010)

Foreign airlines Lufthansa and Austrian Airlines, the latter of which was integrated into the German group last year, together carried 900,000 passengers on the Romanian market Full story

Coca-Cola swaps 16m-euro debt for equity (10-03-2010)

Coca-Cola HBC Romania, the bottling company that last year posted business worth 500 million euros, has increased its share capital by 26% by swapping a 65 Full story

Tender sells 10% of Prospectiuni to boost its liquidity (10-03-2010)

Businessman Ovidiu Tender has in the past year sold around 10% of stock in Prospectiuni Bucuresti (PRSN), the most important company he owns, with the main Full story

Dragos Damian wants to drive Terapia Ranbaxy back to growth (10-03-2010)

Dragos Damian, who returned to the CEO position at Terapia Ranbaxy drug maker last December, after having run the operations of another two major producers, Zentiva Full story

Cofidis pulls out of Romania (03-03-2010)

The shareholders of the Internet-based credit products company Cofidis IFN, have agreed to end its operations in Romania and sell its accounts receivables, “under reasonable conditions” Full story

GTC says adieu to profit in 2009 (03-03-2010)

Globe Trade Center developer (GTC), that recently completed the two office buildings in the Presei Libere Square swung to a loss in 2009,after €190 million profit Full story

SIF Oltenia buys Electromagnetica stocks worth 2.6M lei Financial Investment Company (SIF) 5 (03-03-2010)

Oltenia bought 5.447 million Electromagnetica shares totaling 2.658 million lei (1 euro=4.1 lei), Bucharest Stock Exchange (BVB) release reads on Friday.The deal is due to be Full story

Orange CEO on the carrier’s performance in 2009 (03-03-2010)

Orange, the largest mobile telecom operator in Romania, reported a 19.5% decline in revenues in 2009 from €1.31 billion in 2008. The company reached a customer Full story

Mackenzie, Ursus Breweries: Online campaigns emerged as a one-night stand (03-03-2010)

Many consumer-goods companies have handled online campaigns as a “one-night stand” so far, leaving irrelevant projects online that failed to drum up any consumer interest, said Full story

Pro TV media group posts 35% dip in revenues (03-03-2010)

Pro TV broadcaster, member of Central European Media Enterprises (CME) said its 2009 revenues dropped from $274.6 million in 2008 to $ 176.5 million. EBITDA (earnings Full story

AZOMURES to invest in environmental protection, in the years ahead (03-03-2010)

The AZOMURES fertilizer maker in Targu Mures (north west of Bucharest) plans to invest almost 140 million dollars to curb pollution, says a note signed by Full story

Valvis says he has funding from banks for an energy project (03-03-2010)

Swiss businessman Jean Valvis, creator of Dorna and LaDorna brands, says he has everything ready to start a renewable energy project worth over 100 million euros, Full story

Soloman sells Ethos network (03-03-2010)

Ion Soloman has sold the 21 supermarket-chain Ethos, one of the biggest Romanian food retailers, which is having serious cash problems as a result of the Full story

NewCom – Romtelecom deal under antitrust review (24-02-2010)

The Competition Council opened an investigation into the acquisition of electronic communication networks of S.C NewCom Telecomunicatii S.A by S.C. NextGen Communications S.R.L, to determine whether Full story

UPC appoints ex-Coca Cola exec as CCO (24-02-2010)

UPC Romania, the second largest cable company in Romania, has appointed Dragos Militaru as chief commercial officer, who held various management positions in Coca-Cola HBC and Full story