Kraft Foods has appointed Gerard Chandran as its new general manager for Romania, the company has announced. Chandran joined Kraft Foods in 2006, when he took over the management in South Africa, after his term in the management team of Gilette.

The Romanian car market saw the third biggest decline in the European Union, with a drop of 41.5 percent on new car...

Romanians have always dreamed of being independent and staying united, but they were rarely left in peace for long enough to develop a sense of their own identity. This short overview of the history of Romania will give you an idea about the events that took place in the 18th and 19th centuries and which shaped the idea of a national identity in the Romanians' consciousness.

“Bună din nou!” ( Hello again! ) Welcome to our 4-th Romanian class. You are already used to some basic...

The tourist information touch screens, which have been installed in the Universitate passage earlier this year but have stayed in their factory wrapping every since are finally functional and have attracted tourists and locals alike. The multimedia equipments installed by the Bucharest City Hall in the passage include the touch screens, as well as interactive areas on the floor.

Swedish group Ikea, which has recently confirmed the acquisition of the Timpuri Noi industrial platform in Bucharest, says the group doesn't plan to build an Ikea store on the plot. The property was acquired by the group's real estate development division, Inter Ikea, for EUR 34.6 million.

Romanian media Retailers realize consumption revival is not without massive price cuts – in Ziarul Financiar, IKEA converts Timpuri Noi into apartments, offices and retail space – in Ziarul Financiar, Eight million Romanians have to insure their homes – in Ziarul Financiar, Alcatel Lucent hires another 200 engineers in Timisoara – in Ziarul Financiar, Schaeffler expects 100m euros higher turnover for Brasov plant – in Ziarul Financiar

The Blue Air group of companies has invested over EUR 800,000 in two self service restaurants in Sibiu and Bucharest, under the Self brand. The first such restaurant has been opened four months ago in Sibiu, while the one in Bucharest was opened on Wednesday (July 14) in Buzesti area of the capital city.

More companies decided to cancel their business activity in Romania in the first half of this year than in the same period of last year, according to data from the National Trade Registry (ONRC). There was a whooping six times increase in the number of firms which filed for voluntary cancellation of their business, to 118,000. The amount also includes automatic cancellations.

After a good first quarter which brought profits for banks in Romania, the local banking system posted a loss of around EUR 49 million after the first five months of the year, according to data from the Romanian Central Bank (BNR). BNR has centralized data from the banks active in Romania showing a cumulative loss in the sector, although in the first three months of the year it had a profit of nearly EUR 25 million.

Kraft Foods has appointed Gerard Chandran as its new general manager for Romania, the company has announced. Chandran joined Kraft Foods in 2006, when he took over the management in South Africa, after his term in the management team of Gilette.

The Romanian car market saw the third biggest decline in the European Union, with a drop of 41.5 percent on new car...

Romanians have always dreamed of being independent and staying united, but they were rarely left in peace for long enough to develop a sense of their own identity. This short overview of the history of Romania will give you an idea about the events that took place in the 18th and 19th centuries and which shaped the idea of a national identity in the Romanians' consciousness.

“Bună din nou!” ( Hello again! ) Welcome to our 4-th Romanian class. You are already used to some basic...

The tourist information touch screens, which have been installed in the Universitate passage earlier this year but have stayed in their factory wrapping every since are finally functional and have attracted tourists and locals alike. The multimedia equipments installed by the Bucharest City Hall in the passage include the touch screens, as well as interactive areas on the floor.

Swedish group Ikea, which has recently confirmed the acquisition of the Timpuri Noi industrial platform in Bucharest, says the group doesn't plan to build an Ikea store on the plot. The property was acquired by the group's real estate development division, Inter Ikea, for EUR 34.6 million.

Romanian media Retailers realize consumption revival is not without massive price cuts – in Ziarul Financiar, IKEA converts Timpuri Noi into apartments, offices and retail space – in Ziarul Financiar, Eight million Romanians have to insure their homes – in Ziarul Financiar, Alcatel Lucent hires another 200 engineers in Timisoara – in Ziarul Financiar, Schaeffler expects 100m euros higher turnover for Brasov plant – in Ziarul Financiar

The Blue Air group of companies has invested over EUR 800,000 in two self service restaurants in Sibiu and Bucharest, under the Self brand. The first such restaurant has been opened four months ago in Sibiu, while the one in Bucharest was opened on Wednesday (July 14) in Buzesti area of the capital city.

More companies decided to cancel their business activity in Romania in the first half of this year than in the same period of last year, according to data from the National Trade Registry (ONRC). There was a whooping six times increase in the number of firms which filed for voluntary cancellation of their business, to 118,000. The amount also includes automatic cancellations.

After a good first quarter which brought profits for banks in Romania, the local banking system posted a loss of around EUR 49 million after the first five months of the year, according to data from the Romanian Central Bank (BNR). BNR has centralized data from the banks active in Romania showing a cumulative loss in the sector, although in the first three months of the year it had a profit of nearly EUR 25 million.