Business - Business Review


EBRD grants EUR 50 million credit line to BRD

News July 28, 2010 21:10 0 comments

EBRD has granted a EUR 50 million credit line to BRD-Groupe Société Générale for on-lending to private small and medium-sized enterprises (SMEs) and corporates. The credit line is part of a broader financial arrangement provided…more »

Romtelecom launches new sports channel

News July 28, 2010 15:51 0 comments

The Dolce Sport channel will be available on the platforms DOLCE (DTH and IPTV) and NextGen. Romtelecom obtained the rights to broadcast exclusively the games that make up the second package of broadcasting rights. The…more »

Budget deficit goes up by about 25 percent, meets IMF target

News July 28, 2010 14:17 0 comments

The Romanian Ministry of Finance announced a consolidated budget deficit of RON 18.07 billion lei (approximately EUR 4.24 billion) for the first half of the year, about 25 percent higher on the same period last…more »

Vodafone brings new HTC Wildfire to Romania

News July 28, 2010 14:13 0 comments

Vodafone Romania enriched its smartphone portfolio with the new HTC Wildfire, which is available for the first time on the Romanian market at a price of EUR 59 (VAT included), together with the postpay offer…more »

Banca Transilvania sees operational profit go up by 68 percent in H1 2010

News July 28, 2010 13:15 0 comments

Banca Transilvania (BSE:TLV) registered a RON 390 million operating profit in the first six months of the year, 68 percent higher on the same period last year. The lender posted a gross profit of RON…more »

Caroli Foods Group and Campofrio Food Group finalize joint venture

News July 27, 2010 19:47 0 comments

Caroli Foods Group and Campofrio Food Group have joined their local businesses, becoming Caroli Foods Group after shareholders have signed the final agreements, representatives of the two companies have announced. Following the clearance obtained from…more »

Romanians may queue to collect receipts so as to benefit of fiscal deductions

News July 27, 2010 16:28 0 comments

Romanian prime-minister Emil Boc has declared that citizens who collect receipts after purchasing goods and services will receive part of their money back through tax deductions and house rehabilitation facilities. The project is intended to…more »

Farmec Cluj Napoca posts 10 percent growth for H1 2010, increases market share

News July 27, 2010 14:35 0 comments

Local cosmetics producer Farmec Cluj-Napoca announced a 10 percent turnover increase for the first half of the year, against the same period in 2009. The company’s sales amounted to RON 46.7 million. In March and…more »

Bongrain Europe completes acquisition of Delaco

News July 27, 2010 14:32 0 comments

Bongrain Europe completed its acquisition of a 52 percent stake in Delaco, one of Romania's leading players on the cheese market.The closing of the transaction took place on July 27, following clearance obtained from the…more »

IMF concerned about low absorption of European funds

News July 27, 2010 14:13 0 comments

The representatives of the International Monetary Fund are not content with the degree of absorption of the European funds. Thus, Jeffrey Franks, the head of the IMF mission in Romania said: “We are very concerned…more »