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eMAG’s turnover in 2016, up by 45 pc. Credit card and delivery set by the customer to follow

Iulian Stanciu CEO eMAG

eMAG registered last year a turnover of RON 2.02 billion in Romania, up by 45 percent year-on-year, Iulian Stanciu (photo), CEO of Dante International, the company operating the largest online retailer in Romania announced on Wednesday in a press conference. ...

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Enel to install over 150,000 smart meters in Romania this year

smart meters

Enel’s electricity distribution companies will install in 2017 more than 150,000 smart meters in the regions where they operate in Romania – Muntenia Sud, Dobrogea and Banat, following the National Regulatory Authority for Energy (ANRE) approval of the third pilot ...

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State energy companies to invest EUR 1 bn this year for upgrading

energy companies

For this year, the Minister of Energy Toma Petcu urged the companies in his subordination to mandatory provide the allocation of at least 20 percent of the investment income, which means EUR1 billion in modernization. “In terms of investment, most ...

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Continental ended 2016 with investments of EUR 170 M and 5,000 engineers in Romania


German automotive group Continental made investments of around EUR 170 million in 2016 in its Romanian operations, a press release informs. The company invested in infrastructure and state of the art equipment and technologies for its research and development centers ...

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First Jaguar Land Rover showroom under Arch standards opens in Romania

Jaguar Land Rover

Tiriac Auto opens the first Jaguar Land Rover showroom in Romania located in Pipera area and aligned with the new design standards of the two brands. According to a press release, the new Tiriac Auto – Jaguar Land Rover showroom ...

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OMV Petrom’s investment plan for 2017, up by over 80 pc

omv petrom

OMV Petrom, the largest oil and gas producer in Southeastern Europe, estimates that investments for 2017 will amount to RON 4.56 billion, an increase of 83 percent compared to 2016 (RON 2.49 billion), following the Ordinary General Meeting of Shareholders ...

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Garanti Bank sees a GDP growth of 4 pc for Romania in 2017

GDP growth

Garanti Bank, the local subsidiary of Turkish Garanti Group, revised upwards its estimations for Romania’s GDP in 2017 to 4 percent in 2017, from 3.7 percent estimated last year. The rise will most probably be favored by continued support from ...

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