Secuiana outsources manufacturing to Egypt (17-03-2010)

Tg Secuiesc-based clothing company Secuiana said it would broke off manufacturing from the rest of its business and outsource it to Egypt, on the back of Full story

Lisa Draexlmaier names Nicoleta Carlugea head of human resources (17-03-2010)

The international automotive supplier Lisa Draexlmaier, one of the biggest employers in Romania, has appointed the former Tiriac Holdings HR director Nicoleta Carlugea as head of Full story


Asesoft Net eyes 15-20% growth in revenues (17-03-2010)

Asesoft Net, personalized web applications provider, said its net revenues grew 50% in 2009 to €700,000 from a year earlier and is confident in achieving 15-20% Full story

Blue Air names new chief executive (17-03-2010)

One year on since taking up the chief executive role at the low-cost airline carrier Blue Air, Adrian Ionascu will be replaced by Egyptian-born Sherif Ussama, Full story


H&M may be moving into Romania (17-03-2010)

The Swiedish clothing company H&M (Hennes&Mauritz) is in negotiations for the lease of retail spaces in Bucharest, and may be moving into the Romanian market as Full story

The story of Pepsi Romania (17-03-2010)

He’s 51 years old, and his name is linked to the debut of one of the US largest soft-drink brands in a country that was struggling Full story

ThinkDigital sets target on Romanian websites (17-03-2010)

ThinkDigital, one of the widest networks of internet media in South East Europe, moved into Romanian market two years ago, and will focus on Romanian websites Full story

Omnilogic and Kaspersky in distribution tie-up (17-03-2010)

Omnilogic, local IT&C distributor signed a strategic distribution agreement with Kaspersky Lab, one of the leading internet security companies, for the distribution of Kaspersky Lab’s suite Full story

Humanitas announces 30 pct fall in business turnover (17-03-2010)

Humanitas Group, including the Humanitas publishing house, Humanitas Fiction, the bookstore chain Librariile Humanitas and Humanitas Multimedia, announced a drop in business turnover, in 2009, down Full story

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