16 feb 2012

Bucharest land market will mainly include property held by financial institutions, and transactions concluded this year could see a low in terms of prices, with investors seizing this opportunity, more

16 feb 2012

Romanian aluminum producer Alro Slatina (ALR.RO), part of Russian-owned group Vimetco, on Thursday said it is willing to declassify the electricity purchase contract it has with state-owned hydropower more

16 feb 2012

One of the largest stockholder in Romanian investment fund Fondul Proprietatea (FP.RO), US hedge fund Elliott Associates, asked for some of the fund's assets to be sold and the money obtained to be more

16 feb 2012

Romanian construction systems maker Teraplast (TRP.RO) on Thursday said it has appointed Alexandru Sirbu as chief operating officer, in charge with investment, logistics, programming and production more

16 feb 2012

The new interim member of the Board of Nominees at investment fund Fondul Proprietatea (FP.RO), Julian Healy, was proposed by City of London Investment Management, and he has a background in emerging more

16 feb 2012

Romanian lender Banca Carpatica (BCC.RO) on Thursday reported a net loss of 31.54 million lei (EUR7.4 million) for 2011, compared with a negative result of RON154.47 million in the previous year. more

15 feb 2012

Electromagnetica Bucuresti (ELMA.RO) on Wednesday reported a 50.7% reduction in its net profit for 2011, to 12.94 million lei (EUR), from RON26.27 million. more

15 feb 2012

Brokerage firm SSIF Broker (BRK.RO) reported a loss of 15.39 million lei (EUR3.54 million) for 2011, compared to a net profit of RON6.65 million in the previous year. more

15 feb 2012

Steel processor Mechel Targoviste (COS.RO) reported a 14% year-on-year decrease in its loss for 2011, to 133.4 million lei (EUR), from RON155.1 million. more

15 feb 2012

Medicine maker Biofarm Bucuresti (BIO.RO) posted sales of 93.4 million lei (EUR21.48 million) in 2011, up 13.5% from RON82.2 million in the previous year, while profit stagnated. more

15 feb 2012

Aluminum maker Alro Slatina (ALR.RO) reported a net profit of 230.05 million lei (EUR54.2 million) for 2011, up 43.9% from RON159.78 million in the previous year. more

15 feb 2012

Rompetrol Rafinare (RRC.RO) on Wednesday reported a consolidated turnover of $4.812 billion, up 35% on the year, while its net loss widened by some 27%, to $252.5 million. more

15 feb 2012

Regional investment fund SIF Banat-Crisana (SIF1.RO) on Wednesday reported a revenue of 141.75 million lei (EUR33.4 million) for 2011, up 24.8% from RON113.51 million in 2010, backed by the sale of a more

15 feb 2012

The European Bank for Reconstruction and Development Wednesday announced it will extend a syndicated loan worth up to EUR210 million to Belgian retailer Louis Delhaize Group, for the construction of more

15 feb 2012

Romanian abrasives maker Carbochim Cluj-Napoca (CBC.RO) on Wednesday reported a net profit of 1.5 million lei (EUR0.34 million) for 2011, down from RON2.1 million in the previous year. more

15 feb 2012

Romania’s average electricity consumption reached a ten-year peak in February, according to Octavian Lohan, chief executive officer of state-owned power grid operator Transelectrica (TEL.RO). more

15 feb 2012

The Bucharest bourse closed down Wednesday, decoupled from foreign markets, with two thirds of the turnover coming from transactions with shares of the main investment funds. more

15 feb 2012

The heating company in northeastern Romanian city Suceava, Termica SA, is working at double capacity, because it has been asked to supply electricity, Suceava mayor Ion Lungu said Wednesday. more

15 feb 2012

Russian group Mechel on Wednesday announced it has temporarily shut down the Mechel Campia Turzii and Ductil Steel Buzau plants in Romania, following problems in raw material supply, caused by bad more

15 feb 2012

HoReCa and retail equipment supplier Daas Romania on Wednesday announced it has moved to a new headquarters in Bucharest, where it has opened a second showroom for HoReCa equipment. more

15 feb 2012

Romanian power grid operator Transelectrica (TEL.RO) on Wednesday announced it seeks a 150 million lei (EUR34.5 million) credit line to use as buffer for the payment of transactions in the balancing more

15 feb 2012

Transformer maker Retrasib Sibiu (RTRA.RO) Wednesday reported a net profit of 1.18 million lei (EUR271,470) for 2011, compared to RON3.8 million in 2010. more

15 feb 2012

Regional investment fund SIF Transilvania (SIF3.RO) on Wednesday announced that its revenue nearly tripled in 2011, to RON325.88 million, after selling its stake in lender BCR to Austrian Erste Group more

15 feb 2012

Investment fund Fondul Proprietatea (FP.RO) reported a net profit of 3.69 million lei (EUR0.85 million) in January, compared to little over RON1 million in the same month of the previous year, more

15 feb 2012

Plane construction and repair firm Aerostar Bacau (ARS.RO) on Wednesday reported a net profit of 11.61 million lei (EUR2.67 million) for 2011, compared to RON11.27 million in 2010. more