News - Business Review


SIVECO Romania publicizes its 2009 CSR report

News July 22, 2010 16:11 0 comments

The Romanian IT company SIVECO has made public its 2009 report regarding the application of the 10 Principles of the United Nations. The Corporate Social Responsibility report follows the 2008 document and aims to establish…more »

Investment fund iFond Financial Romania starts trading on BVB

News July 22, 2010 14:14 0 comments

The Bucharest Stock Exchange BVB has announced the start of the public offer for units of the close-end investment fund iFond Financial Romania. The fund is administered by SAI Intercapital Investment Management. There are 10,000…more »

Bogdan Dodu is the new GM of IT Assist

News July 22, 2010 14:00 0 comments

Bogdan Dodu was appointed the new general manager of IT Assist. Dodu has extensive experience in the IT field. He started as programmer in Akela. For more than 7 years he had management positions within…more »

Ranbaxy to market new Daiichi Sankyo antibiotic in Romania

News July 22, 2010 13:51 0 comments

Pharmaceutical companies Daiichi Sankyo and Ranbaxy announced plans to leverage Ranbaxy’s presence in Romania to market antibiotic Tavanic (levofloxacin), a synthetic antibacterial agent used to treat a broad range of infections. The decision came after…more »

Ceausescu dictatorial couple exhumed for DNA sampling

News July 21, 2010 18:39 0 comments

Valentin Ceausescu, the only surviving son of the Ceausescu couple, requested his alleged parents’ exhumation for DNA sampling, so as to establish whether or not they are buried in the Giulesti cemetery. The general doubt…more »

Almost 190 new multinationals to come out of Romania in the next 15 years, PwC report says

News July 21, 2010 18:19 0 comments

Almost 189 new multinational companies will emerge out of Romania in the next 15 years, shows a recent PwC report. Romania will thus be at a similar level from this point of view with Ukraine…more »

President calls EC phrasing that Romania is breaking commitments ‘unacceptable’ and ‘out of proportion’

News July 21, 2010 11:47 0 comments

President Traian Basescu said the phrasing of the European Commission (EC) that Romania is breaking its commitments is “inacceptable” and “an exaggeration” and Romania wishes the EC to have a “balanced approach.” The president made…more »

Den Braven Romania posts 40 percent higher sales in the first half of 2010

News July 21, 2010 11:20 0 comments

The local subsidiary of Dutch polyurethane foams and adhesives producer Den Braven, posted a 40 percent sales increase for the first half of 2010 against the same period last year, reaching EUR 16.3 million. The…more »

AmCham Romania pleads for updated education system and labor flexibility

News July 20, 2010 17:34 0 comments

AmCham called for increased flexibility, attractiveness and competitiveness of the labor market in Romania, through the revision of the labor legislation and measures which will allow the labor force to follow the dynamics of the…more »

Western European countries fear the possibility of a Moldovan immigration wave

News July 20, 2010 17:16 0 comments

International media criticize president Traian Basescu for what is seen as measures that encourage Moldovans to enter EU through the back door. This comes after two Romanian consulates were opened earlier this month in Cahul…more »