News - Business Review


Vimetco restarts Alum factory after upgrading program

News October 12, 2009 16:09 0 comments

"Vimetco continues to pursue its long-term strategy despite the global economic downturn. A key element of this strategy involves achieving full vertical integration across the group's operations by controlling the entire chain supply. Reopening the…more »

BNR gets a new managing board

News October 12, 2009 16:08 0 comments

Dinu Marin, Nicolae Danila, Virgil Stoenescu, Agnes Nagy and Napoelon Pop complete the line-up. The new board will run the Central Bank for a five-year mandate. The surprise move came with the election of politician…more »

Garanti Bank gets Eureko moment on pensions

News October 12, 2009 16:07 0 comments

"We are pleased to include private pensions in our offer as long as we intend to have a ‘one stop shop' approach. This partnership is the first step to diversify our clients' earnings for when…more »

Coca-Cola HBC opens cogeneration power plant in Ploiesti

News October 12, 2009 16:07 1 comment

A second similar plant is currently being developed in Timisoara and according to company information will be operational next year. In addition, Coca-Cola HBC has opened a new storage facility in Ploiesti. The investment in…more »

Autoitalia puts EUR 5 mln into Bucharest showroom

News October 12, 2009 16:05 0 comments

The new unit, some 4,400 sqm, will host car brands such as Fiat, Lancia and Alfa Romeo. Autoitalia also imports the Infiniti and SsangYong car brands. The new showroom employs 40 people but the figure…more »

Realty debates lessons from real estate downturn

News October 08, 2009 15:13 0 comments

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Groupama launches official operations in Romania

News October 05, 2009 15:16 0 comments

The cumulated result of Groupama's companies in Romania ranked the insurer third on the market with a combined market share of 10 percent, at the end of the first semester. According to Groupama Asigurari representatives,…more »

Liberty International plans to build EUR 150 million steel plant in Romania

News October 05, 2009 15:15 0 comments

According to media reports, the steel producer is going to build a foundry first and then a rolling mill. Half of the plant's output will be sold in Romania and the remainder will be exported…more »

Cosmote launches fixed telephony for corporate clients

News October 05, 2009 15:15 0 comments

"It was conceived as an answer to demand from our corporate clients and completes our basic activities and services in the domain of mobile telephony," says Isabela Furtuna, postpaid market development and retail international offering…more »

Rafo refinery could receive EUR 330 million state guarantee

News October 05, 2009 15:13 0 comments

According to Prime Minister Emil Boc, the state guarantee will save between 1,500 and 2,000 jobs. President Traian Basescu said recently, "The company's request to receive state guarantees to raise a loan which will pay…more »