News - Business Review


Schneider Electric to open Bucharest customer center for IT division in 2011 Q1

News October 25, 2010 19:51 1 comment

Schneider Electric will open in the first semester of 2011 a customer relations center in Bucharest for its IT division APC by Schneider Electric. The Romanian center will reunite the customer relations centers already existing…more »

Romania may receive another IMF installment by yearend

News October 25, 2010 16:25 0 comments

Romania may receive by yearend another tranche worth some EUR870 million out of the EUR13 billion stand-by loan from the International Monetary Fund (IMF). According to Jeffrey Franks, the funds will enter the Romanian National…more »

Valvis invests a quarter of a million euro in a media campaign for Samburesti wines

News October 25, 2010 15:40 0 comments

Rouge de Roumanie. This is the slogan under which Samburesti wines will be promoted in a media campaign. The total budget reaches EUR 250,000. Samburesti vineyard is owned by businessman Jean Valvis. Samburesti bottles three…more »

Romania’s deficit and national debt for 2009 keep on worsening – Eurostat

News October 25, 2010 15:20 0 comments

The Statistical Office of the European Union (Eurostat) announced a second revised estimate on the EU Member States government deficit and debt figures in 2009. According to the new revised figures for 2009, Romania recorded…more »

IT&C company Asesoft takes over the management of Realitatea Catavencu media group

News October 25, 2010 13:50 0 comments

Sebastian Ghita, owner of local IT&C group Asesoft, has become the new manager of Realitatea Catavencu media group, pouring an estimate five-year investment of EUR 75 million into the company, according to The takeover…more »

Car sales go down by 23 percent in the first nine months of 2010

News October 25, 2010 11:19 0 comments

New passenger car sales decreased by 23 percent against 2009. About 78,152 units were sold in Romania in the January-September period, according to the Automotive Manufacturers and Importers Association (APIA). Against this backdrop, in September,…more »

3Q: Martin Schuldt Cargill Romania GM

News October 25, 2010 10:57 0 comments

How much has Cargill invested in Romania so far? Since we first came to Romania, Cargill has invested USD 100 million and another USD 25 million to upgrade some investments. We are active on the…more »

Avangate targets international expansion, sales of USD1bln and NASDAQ listing by 2015

News October 21, 2010 17:24 0 comments

Avangate, player on the market of software electronic distribution, announced that it aims to reach USD 1 billion and become listed on NASDAQ by 2015. Avangate is an entity which recently separated from Gecad ePayment…more »

Most Romanian internet users- part of MTV and iPod generations

News October 21, 2010 16:25 0 comments

The profile of the Romanian internet users differ greatly depending on the age category they are part of, and marketers should act accordingly and adapting their communication strategies depending on the criteria of each age…more »

The EC approved a EUR 124.4 mln financing for Arad-Timisoara highway

News October 21, 2010 16:23 0 comments

The European Commission (EC) has approved a EUR 124.4 million financial contribution from the European Union cohesion fund for the Arad – Timisoara highway project. The project aims to design, supervise and construct a highway…more »