28 feb 2012

The government will express a point of view on the liberalization of electricity and gas prices by March 21, the date of the next board meeting held by the International Monetary Fund board, Tuesday more

28 feb 2012

Negotiations for the bilateral contracts concluded by state-owned hydropower producer Hidroelectrica should conclude by the end of March, company general manager Dragos Zachia said Tuesday. more

28 feb 2012

The natural gas imported by GDF SUEZ Energy Romania through the Arad-Szeged (Hungary) pipeline is cheaper than the Russian gas, Tuesday said Eric Stab, the company’s chief executive officer. more

28 feb 2012

Romanian realty developer Felinvest (FEL.RO) on Tuesday announced it has resumed construction on a real estate project in northwestern city Cluj, with an investment of EUR7 million. more

28 feb 2012

Romanian state-owned natural gas producer Romgaz has appointed Costel Totan as interim general manager, replacing Dumitru Chiselita who was appointed adviser within the Economy Ministry. more

28 feb 2012

Romanian securities regulator CNVM will be the only authority enabled to decide whether shareholders at the five regional investment funds, or SIFs, are acting in concert and hold more than the more

28 feb 2012

Romania’s national power grid can absorb at most 2,000 MW from wind farms, half of the estimations put forth by system operator Transelectrica (TEL.RO), a senior banker with the European Bank for more

28 feb 2012

Direct sales firm Amway Romania on Tuesday announced the appointment of Ioana Enache as general manager, replacing George Popescu, who was promoted within the group. more

28 feb 2012

The main problem faced by Romania’s energy segment is the old equipment, and the easiest way to solve this issue is to sell to private companies, according to Louis Borgo, senior banker within the more

28 feb 2012

The Bucharest bourse opened Tuesday on an upward trend, on low traded values, with investors focusing mainly on investment fund Fondul Proprietatea (FP.RO) and chemical company Oltchim (OLT.RO). more

28 feb 2012

The Romanian leu opened roughly flat against the euro Tuesday, but it soon started to strengthen, in a quiet market with low traded volumes. more

27 feb 2012

The Bucharest bourse closed Monday with a decrease, on low traded volumes, with more than half of the turnover coming from deal and main market trades in investment fund Fondul Proprietatea (FP.RO). more

27 feb 2012

Some 7-7.2 million household consumers, representing 83%-86% of the total, could pay higher prices for energy starting next year, once prices start deregulation, while only 14%-17% would receive state more

27 feb 2012

The European Commission has sent Romania, among others, reasoned opinions urging compliance with the legal obligation of liberalizing the electricity and natural gas markets, with a two-month response more

27 feb 2012

Lender Volksbank Romania on Monday announced the appointment of Sorin Serban as vice-president, in charge with credit restructuring and debt recovery. more

27 feb 2012

The Romanian division of cigarette maker British American Tobacco (BAT), one of the largest companies in the world on its segment, Monday announced the appointment of Gemma Webb as chief executive more

27 feb 2012

The leu opened Monday stronger against the euro, in a quiet market and with low traded volumes, while other currencies in the region were losing ground. more

27 feb 2012

The Bucharest bourse opened Monday with a minor decrease, on low traded volumes, with investors focusing on investment fund Fondul Proprietatea (FP.RO) and bourse operator BVB (BVB.RO). more

24 feb 2012

The Bucharest bourse closed up Friday, after an uneventful session, with players focusing mostly on shares of the main investment funds and of oil company OMV Petrom (SNP.RO). more

24 feb 2012

Hungarian oil group MOL on Friday reported a 4% increase in volumes sold in Romania in 2011, to 451,000 tons from 433,000 tons, while its market share rose by approximately one percentage point, to more

24 feb 2012

Bucharest and Kiev are the only Central and Eastern Europe capitals that saw new flat prices go up in the final quarter of 2011, with apartment prices in Bucharest going up 5% according to a survey by more

24 feb 2012

The Bucharest bourse opened Friday with a decrease, on vivid trading, while nearly half of the turnover was coming from trades in investment fund Fondul Proprietatea (FP.RO). more

24 feb 2012

The leu opened Friday slightly stronger against the euro, in sync with other currencies in the region, while traded volumes remained low. more

23 feb 2012

The Bucharest bourse closed up Thursday, on low traded values, with the bulk of activity focusing on the main investment funds and on oil company OMV Petrom (SNP.RO). more

23 feb 2012

Bucharest is the fourth cheapest city in Europe in terms of occupancy costs for offices, after Budapest, Tallinn and Vilnius, according to a report by property services provider DTZ. more