8 mar 2012

The Bucharest bourse broke a three-day losing streak Thursday, as the financial stocks returned to gains, following the international markets that were rising on renewed hopes for the closing of a more

8 mar 2012

Italian utilities group Enel posted revenue of some EUR970 million in Romania last year, flat on the year, Carlo Tamburi, head of the group's international division said Thursday. more

8 mar 2012

Italian utilities group Enel is not interested in buying the shares owned by investment fund Fondul Proprietatea (FP.RO) in Enel's Romanian subsidiaries, the group’s chief executive officer Fulvio more

8 mar 2012

Land prices in Bucharest will remain at levels seen at the end of 2010, with the only areas to see declines in prices and demand being the ones in the outskirts and those without infrastructure, more

8 mar 2012

Nine of the top ten general insurance companies posted declines of up 25% of gross premiums written because of the lower sales of car policies. The only exception was Asirom, which posted 40% growth, more

7 mar 2012

The Bucharest bourse closed down 1.5% Wednesday, mainly influenced by declines of Fondul Proprietatea (FP.RO) and oil company OMV Petrom (SNP.RO), with few blue-chips ending in positive territory more

7 mar 2012

Romanian Avicarvil, owned by businessman Iustin Paraschiv, plans to open 100 butcher shops in southern and central Romania, with an overall investment of EUR5 million. more

7 mar 2012

Romanian do-it-yourself retailer Dedeman on Wednesday reported sales of 2 billion lei (EUR459 million) for last year, compared to RON1.55 billion in 2010. more

7 mar 2012

Private postal firm DPD Romania, owned indirectly by the French post officer (La Poste), expects turnover to rise 14% to 41.4 million lei (EUR9.5 million) in 2012 from RON36 million last year. more

7 mar 2012

Romanian President Traian Basescu said Wednesday in Parliament that certain interests wish to keep Romania dependent on energy, so local production needs to be increased to counter these intentions. more

6 mar 2012

Investment fund Fondul Proprietatea (FP.RO) on Tuesday announced the appointment of Citigroup Global Markets Limited as intermediary in the sale of stocks in several unlisted power and gas more

6 mar 2012

Romanian Prime Minister Mihai Razvan Ungureanu on Tuesday met with representatives of oil group Chevron, for talks on the group’s intention to start drilling for unconventional gas in the Eastern more

6 mar 2012

The Bucharest bourse closed down Tuesday, spearheaded by a 2.35% decline of OMV Petrom (SNP.RO) shares, which overshadowed Fondul Proprietatea's (FP.RO) return into green territory. more

6 mar 2012

The Romanian leu closed roughly flat against the euro Tuesday, on low traded volumes, while other currencies in the region were seeing a slight weakening trend. more

6 mar 2012

Enel Green Power, the renewable energy division of Italian utilities group Enel, has invested EUR330 million to build wind farms in Romania last year, the company said in its financial report Tuesday. more

6 mar 2012

Romania’s central bank keeps a cash reserve equivalent to “several tens percent” of the monetary mass, to use in moments of banking panic such as the ones in the ‘90s and 2000s, central bank more

5 mar 2012

The Bucharest stock exchange ended with no clear direction, as a late push of Banca Transilvania (TLV.RO) lifted the BET index, while most shares closed in negative territory. more

5 mar 2012

The average price of Brent oil will rise to $123 per barrel this year, compared to $111 per barrel last year, which is good news for oil companies such as OMV Petrom (SNP.RO), an Erste Group Bank more

5 mar 2012

Romanian president Traian Basescu on Monday said that gas drilling in the Black Sea should start in 2015-2017, which is when Romania will gain energy independence. more

5 mar 2012

US Cameron on Monday announced it has only sold a part of its Campina (central Romania) plant to the Tenaris group, not the entire unit, and it will continue to manufacture various items at the unit. more

5 mar 2012

Israeli-owned real estate developer GTC on Monday said the value of its Romanian portfolio fell by EUR120 million last year, mainly due to apartment price and sales drops, as well as lower rents for more

5 mar 2012

The Bucharest bourse opened down Monday, but SIF Transilvania (SIF3.RO) dominated the first hour of the session with its shares up 4.7%, after the investment fund announced a record dividend. more

5 mar 2012

The Romanian leu opened Monday a bit stronger against the euro, in a quiet market, while other currencies in the region were weakening on fears of the eurozone debt crisis. more

5 mar 2012

Romania’s banking system might see red in 2012 as well, for the third consecutive year, and players with considerable losses will most likely need additional capital, according to Florin Ilie, head more

2 mar 2012

Management at regional investment fund SIF Transilvania (SIF3.RO) proposes a gross dividend of 0.1712 lei (EUR0.039) per share from 2011 profits, compared to RON0.03 the RON0.03 dividend paid in the more