23 feb 2012

Lender Garanti Bank Romania on Thursday said it will grant financing worth a total EUR22.5 million, targeting small- and medium-sized companies, especially those owned or managed by women, following a more

23 feb 2012

Romania’s Competition Council on Thursday approved the creation of the Oltenia thermal power producer, which clusters state-owned units Craiova, Rovinari, Turceni and coal company SNLO. more

23 feb 2012

The Bucharest Stock Exchange opened Thursday with an increase, on higher trading, while the bulk of investment was focusing on investment fund Fondul Proprietatea (FP.RO). more

23 feb 2012

The leu opened roughly flat against the euro Thursday, on low traded volumes, while other currencies in the region were seeing a similar pattern of evolution. more

23 feb 2012

The Romanian website of the International Monetary Fund was attacked by hackers Thursday morning, two days after a similar attack against the website of local energy regulator ANRE. more

22 feb 2012

The Bucharest stocks gained 1% Wednesday, led by OMV Petrom's (SNP.RO) surge after the company announced a big gas discovery in the Black Sea. more

22 feb 2012

Romanian retailer Profi bought Sibiu-based supermarket network Alcomsib, which holds six stores and was previously owned by the Aldea family. more

22 feb 2012

Some of the investors who bought land in 2006-2007 with the intention to develop residential projects, are thinking of building hotels or retail projects on the lots, as the residential market remains more

22 feb 2012

OMV Petrom (SNP.RO) is a pillar of stability and a trustworthy partner for Romania's economy, especially when it comes to the taxes paid, energy supply to consumers and investment, chief executive more

22 feb 2012

Current gas prices in Romania create an unsustainable situation that could impact investment on this segment, including the activity of the thermal power producer built by OMV Petrom (SNP.RO) in more

22 feb 2012

Bucharest shopping center City Mall, owned by businessman Ioannis Papalekas, could be turned into a hospital, according to representatives of real estate consultancy firm CBRE Romania. more

22 feb 2012

Romanian oil and gas group OMV Petrom (SNP.RO) on Wednesday said that its employee numbers dropped by 7% last year, to 22,912, reaching less than half of staff numbers seen in 2004, when the company more

22 feb 2012

Romanian oil and gas group OMV Petrom (SNP.RO) on Wednesday said it recorded a loss of 404 million lei (EUR95.3 million) from hedging in 2011, compared to just RON6 million in the previous year, but more

22 feb 2012

Romanian oil company OMV Petrom (SNP.RO) on Wednesday announced it plans to pay dividend from the record profit achieved in 2011, while the investment budget for 2012 reaches over EUR1 billion. more

22 feb 2012

The leu opened flat against the euro Wednesday, on low traded volumes, while other currencies in the region were losing some ground against the euro. more

22 feb 2012

The Bucharest bourse opened Wednesday with a mixed evolution, while half of the turnover was covered by transactions in oil company OMV Petrom (SNP.RO), which announced record profit for 2011. more

22 feb 2012

Oil company OMV Petrom (SNP.RO) on Wednesday reported that hydrocarbon production for 2012 rose 1% on the year, to 67.77 million barrels of oil equivalent (boe), due to the drilling of new wells and more

21 feb 2012

The Bucharest bourse closed mixed Tuesday, on improved traded values, while more than half of the turnover came from deal market trades. more

21 feb 2012

Swiss Eolica Dobrogea on Tuesday announced it will replace administrator Corneliu Dica and there will be no lawsuits against energy regulator ANRE and power grid operator Transelectrica (TEL.RO). more

21 feb 2012

Romanian lending broker KIWI Finance on Tuesday announced that it has switched to profit in 2011, after three consecutive years of loss, while turnover jumped 140% to 6 million lei (EUR1.38 million). more

21 feb 2012

Romanian oil company OMV Petrom (SNP.RO) on Tuesday announced it will give local authorities 5 million lei (EUR1.2 million) to buy emergency machinery and equipment. more

21 feb 2012

Romanian state-owned thermal power producer Craiova will receive guarantees worth a total EUR62.4 million from Eximbank, in the form of guarantee letters, for two loans needed for environment works, more

21 feb 2012

US fast food giant Subway will launch its first restaurant in Romania in April, within the Palas complex developed in northeastern city Iasi by the Iulius Group, the mall owners said Tuesday. more

21 feb 2012

Electricity producer Electrocentrale Deva, held by Romanian state-owned power producer Termoelectrica, plans to contract a loan worth 200 million lei (EUR46 million) for environment investment. more

21 feb 2012

A 0.35% stake in investment fund Fondul Proprietatea (FP.RO) was traded on the Bucharest Stock Exchange’s deal market Tuesday in three transactions worth a total 26 million lei (EUR5.9 million). more