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Business

Sorin Ovidiu Vantu

Sorin Ovidiu Vintu sentenced to eight years in prison for ponzi scheme fund FNI

Legal February 21, 2017 15:02 0 comments

Controversial businessman Sorin Ovidiu Vintu, who is already in jail, has been sentenced on Tuesday by the  Court of Appeal in Bucharest to eight years in prison for money laundry for the collapse of the…more »

clothes and accessories

Romania exported clothes and accessories worth EUR 2.4 bln in first 10 months of 2016

Business February 21, 2017 12:44 0 comments

Romania exported clothes and accessories worth EUR 2.4 billion in the first 10 months of 2016, 1.2 percent higher than 2015, according to the centralized  data of the National Institute of Statistics (INS). The clothes…more »

Floraria Magnolia

Floraria Magnolia: request of flowers up by 180 percent for Valentine’s Day, Dragobete

Business February 21, 2017 12:38 0 comments

Magnolia flower shop, a major retailer on the Romanian market, posted an 180 percent increase in demand for Valentine’s Day and Dragobete. The flower shop offers its customers the option to order flowers both in…more »

colaj

PwC study: Higher salary increases in private sector in 2017 than initially estimated

Business February 21, 2017 11:52 0 comments

The average salary increases budgeted in the private companies for 2017 are higher than those initially estimated, according to the data of the PwC study HR Barometer, an update of the information included in the…more »

biggest deals agribusiness and forestry

Romania’s biggest deals in 2016: Agribusiness&Forestry

Agriculture February 21, 2017 11:51 0 comments BR Exclusive

AGRIBUSINESS & FORESTRY Ameropa buys agristorages Value of transaction: N/A Legal team buyer: Popovici Nitu Stoica & Asociatii Legal team seller: N/A Description: Swiss company Ameropa Grains, one of the largest local traders of raw…more »

alternative school

The Alternative School opens scholarship competition for Cannes semester

Media & Marketing February 21, 2017 10:24 0 comments

The Alternative School opened the competition for the Young Lions Clients (Marketers) scholarships, dedicated to young clients specialized in marketing, communication, branding, strategy or creativity. The deadline to enter the competition is March 1, with…more »

Banca Transilvania

Banca Transilvania Financial Group launches BT Mic, to fund small businesses

Business February 21, 2017 07:30 0 comments

Transilvania Financial Group launches BT Mic, a company designed to fund small businesses. This startup completes BT's role of supporting Romanian entrepreneurs in Romania, and the separation of corporate clients at Banca Transilvania is as…more »

Shachar Shaine Julia Leferman

Key Move. Brewers of Romania Association appoints new leadership

Business February 20, 2017 17:41 0 comments

Brewers of Romania Association appointed in January a new leadership. United Romanian Breweries Bereprod (URBB) president Shachar Shaine became the association's president, while Julia Leferman was appointed general director. Shachar Shaine took over from departing…more »

romgermed

M&A alert. Romgermed acquires new neighborhood medical center in Bucharest

Healthcare February 20, 2017 17:08 0 comments

Medical group Romgermed, set up in 2000 by Dorin Sam Schwartz and Filip Florin Schwartz, acquired a new neighborhood medical center from Bucharest, launching an expansion operation based on the acquisition of small and medium…more »

Kaufland_legume

Kaufland to open its first store in Lugoj this week

Retail & FMCG February 20, 2017 17:07 0 comments

German retailer Kaufland opens on February 21 its first store from Lugoj, Timis county, taking its national network to 113 units. The new store has a commercial surface of 2,900 square meters and will be…more »