14 feb 2012

The Bucharest bourse closed Tuesday with a minor decrease, but the five regional investment funds, or SIFs, managed to stay in the green. more

14 feb 2012

Romanian electronics retailer Flanco on Tuesday said it has posted sales of EUR110 million in 2011, up 37.5% on the year, while the operating profit reached EUR3.5 million. more

14 feb 2012

Romanian cosmetics maker Farmec Cluj-Napoca on Tuesday reported a 15.6% year-on-year increase in its 2011 sales, to 110.9 million lei (EUR26.2 million). more

14 feb 2012

Management at Romanian state-owned harbor operator Oil Terminal (OIL.RO) decided to reduce working hours to four days per week, coupled with pay cuts, in order to cut costs. more

14 feb 2012

Romanian constructions firm Octagon Contracting & Engineering on Tuesday reported sales of EUR12.5 million for 2011, down 13% on the year, but the net profit increased by 23%, to EUR581,000. more

14 feb 2012

Romanian car parts maker Compa Sibiu (CMP.RO) posted a net profit of 17.2 million lei (EUR3.95 million) for 2011, up 81% from RON9.51 million in the previous year, according to preliminary results more

14 feb 2012

The Government on Tuesday approved the decision allowing power grid operator Transelectrica (TEL.RO) to temporarily halt electricity exports and limit industrial consumption in critical situations, more

14 feb 2012

The Bucharest bourse opened Tuesday with a minor increase, on solid trading, with investors focusing on the main investment funds. more

14 feb 2012

Aluminum systems maker Alumil Rom Industry Bucuresti (ALU.RO) on Monday posted a 71% year-on-year increase in its 2011 net profit, to 3.6 million lei (EUR0.87 million), from RON2.1 million in 2010. more

14 feb 2012

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

13 feb 2012

Romania has no problems in the production of electricity and there are no reasons to restrict deliveries to households, the Economy Ministry said Monday. more

13 feb 2012

Romanian state-owned power grid operator Transelectrica (TEL.RO) will limit or even cease electricity exports for one month, between February 16 and March 15, 2012, since bad weather diminishes energy more

13 feb 2012

The Bucharest bourse closed Monday on an upward trend, but activity in the market continued to weaken while investors kept focusing on the traditional liquidity drivers. more

13 feb 2012

State-owned power producer CE Rovinari seeks a loan worth 176 million lei (EUR40.5 million) for investment in the reduction of pollution. more

13 feb 2012

Romanian retailer Profi, owned by private equity firm Enterprise Investors, posted sales of EUR214.5 million for 2011, up 29% on the year, company CEO Pawel Musial told a news conference Monday. more

13 feb 2012

Businessman Nicolae Sarcina, who owns the Succes store chain, plans to focus on hypermarkets and private brands in 2012. more

10 feb 2012

Romania’s budget will focus on the support of economic growth through fiscal stability, as well as improved tax collection, the fair application of fiscal legislation and the prioritization of more

10 feb 2012

The Bucharest bourse closed down Friday, with the bulk of trading focused on the five regional investment funds (SIFs) and Fondul Proprietatea (FP.RO) in a relatively calm session. more

10 feb 2012

The net assets of local investment funds increased in January by 2.4%, to 6.94 billion lei (EUR1.59 billion), with monetary funds and bond funds seeing 99% of net subscriptions. more

10 feb 2012

British investment fund Argo Real Estate has reduced, for the second consecutive years, rents for retailers in Romanian Shopping City Sibiu and Shopping City Suceava, with a cumulated decrease of more

9 feb 2012

The Bucharest bourse closed in green Thursday, following increases of the European markets, with local investors hardly looking at other stocks beside the main investment funds. more

9 feb 2012

New Europe Property Investments (NEPI) and Carrefour Property on Thursday announced that more than 50% was rented in the Ploiesti mall they are jointly developing. more

9 feb 2012

Romanian rolling stock maker Voestalpine Vae Apcarom Buzau (APC.RO) on Thursday reported a 25.1% in its net profit, to 7.2 million lei (EUR1.7 million) in 2011, from RON5.8 million in the previous more

8 feb 2012

The European Bank for Reconstruction and Development (EBRD) is considering funding Vimetco Power Romania with up to EUR207 million in senior secured financing, for the construction of gas-powered more

8 feb 2012

Medicine wholesaler Farmaceutica Remedia Deva (RMAH.RO) on Wednesday reported a net profit of 4 million lei (EUR0.92 million) for 2011, compared to RON1.95 million in the previous year. more