21 feb 2012

The leu opened Tuesday slightly weaker against the euro, amid market apathy, as the euro was boosted by the approval of a new bailout package for Greece. more

21 feb 2012

The Bucharest bourse opened Tuesday with a minor increase, on low traded values, while investors were focusing on oil company OMV Petrom (SNP.RO). more

20 feb 2012

Eolica Dobrogea, working for Spanish Iberdrola, sued energy regulator ANRE and state-owned power grid operator Transelectrica (TEL.RO), along with the operator’s former general manager, claiming more

20 feb 2012

The shareholders of technological lines maker Uzuc (UZC.RO), part of the Serviciile Comerciale Romane group, owned by businessman Stefan Vuza, approved the sale of five plots in Ploiesti (60 km north more

20 feb 2012

The Romanian leu closed flat against the euro Monday, for the third consecutive session, on a balanced market without any significant shifts. more

20 feb 2012

The Bucharest bourse closed up 1% Monday, with financial stocks gaining most attention in a quiet session, influenced by developments on foreign markets. more

20 feb 2012

Telecom equipment supplier ABN Systems on Monday reported a revenue of EUR4.5 million for 2011, slightly higher than in 2010, as retail saw an overall decline of 3.3% in the timeframe analyzed. more

20 feb 2012

Document management systems provider Xerox Romania has appointed Cristian Petrescu, a former Vodafone executive, as Technology & Channels director starting February, replacing Veronica Caramazan, who more

20 feb 2012

Management at Romanian transformer maker Retrasib Sibiu (RTRA.RO) approached shareholders with a proposition to buy back at most 10% of the company’s shares, in an operation that could cost up to 4 more

20 feb 2012

Developers have completed logistics and industrial projects in Bucharest with a total surface of 10,000 square meters last year, according to a report released Monday by realty advisors Colliers. more

20 feb 2012

Recent statements made by Romania’s central bank governor Mugur Isarescu caused a stir among bankers, as the central bank showed reluctance to extend the deadline for cash injections or accept more

20 feb 2012

Companies holding bilateral contracts with Romanian state-owned hydropower producer Hidroelectrica accepted price increases and a 10% to 20% reduction of delivered quantities, as well as a shorter more

20 feb 2012

Romanian construction materials maker Duraziv, owned by businessman Daniel Guzu, Monday announced a 34% increase in its 2011 sales, to EUR18 million, while forecasts for this year point to a two-digit more

20 feb 2012

The Bucharest bourse opened up Monday, on low traded values, with most of interest focusing on the shares of investment funds or banks. more

20 feb 2012

The Romanian leu opened roughly flat against the euro Monday, on low traded volumes, as players showed little interest in the local currency. more

20 feb 2012

Russian group Mechel on Monday announced that activity at steel processor Mechel Targoviste (COS.RO) might be resumed on February 27, since the weather conditions are improving. more

17 feb 2012

The recent blackouts in Romania call attention to the fact that they are caused by faulty infrastructure, with two thirds of the power grid in an advanced state of usage and 30% of installations more

17 feb 2012

The Bucharest bourse gained little ground Friday, on very low traded volumes, with investors focusing on the main investment funds. more

17 feb 2012

Romania’s central bank approved the appointment of Gheorghe Marinel as deputy chief executive officer of BRD-Groupe Societe Generale (BRD.RO). more

17 feb 2012

French group Lafarge on Friday reported a 4% increase in its Romanian sales for 2011, helped by an increase in the amount of industrial and infrastructure projects, but profit declined on lowered more

17 feb 2012

The Bucharest court on Friday approved an insolvency claim filed by Micro Retail, the operator or retail chain mic.ro, controlled by local businessman Dinu Patriciu. more

17 feb 2012

The leu opened flat against the euro Friday, in a quiet market with low traded volumes. more

17 feb 2012

The Bucharest bourse opened Friday with an increase, on low traded values, while the bulk of investment was focusing on the shares of the main investment funds and of banks. more

16 feb 2012

The Bucharest bourse closed roughly flat Thursday, on improved traded values, while the bulk of investment focused on the shares of financial companies. more

16 feb 2012

Saint-Gobain Glass Romania on Thursday announced the appointment of Jerome Lionet as General Manager, “as of mid-January, 2012”. more