8 feb 2012

The International Monetary Fund asked the government to complete the renegotiation of Hidroelectrica bilateral contracts by February 15, 2012, or terminate the contracts that cannot be renegotiated. more

8 feb 2012

State-owned hydropower producer Hidroelectrica is using its water reserves to compensate for the reduction of output in thermal power plants and wind farms. more

8 feb 2012

The Bucharest bourse closed Wednesday with an increase, on improved trading values, as almost half of the turnover came from transactions in investment fund Fondul Proprietatea (FP.RO). more

8 feb 2012

Romanian evaluators Darian DRS on Wednesday reported a turnover of EUR3 million for 2011, up 12% on the year, reaching a level similar to pre-crisis results. more

7 feb 2012

The Bucharest bourse closed Tuesday roughly flat, on low traded values, with most of the activity targeting the five regional investment funds, or SIFs. more

7 feb 2012

Canadian-owned Benevo Capital Tuesday said it has paid EUR23 million for a plot of land belonging to power equipment maker Vulcan (VULC.RO), a company owned by Romanian businessman Ovidiu Tender. more

7 feb 2012

The chief executive officer of Romanian steel processor ArcelorMittal Galati, Eric Remisz, resigned four months into his mandate, citing personal reasons, the company said Tuesday. more

7 feb 2012

Developer AFI Europe, member of AFI Group, received funding worth EUR13.4 million from UniCredit Bank Austria, to develop the first of five buildings within the AFI Business Park Cotroceni project in more

7 feb 2012

Erste Group Bank (EBS.RO), majority shareholder of Romanian lender BCR, proposed a price of 1.09 lei (EUR0.25) per share to minority holders, in a bid to take over a total 0.36% stake in the local more

7 feb 2012

Romanian state-owned railway passenger transporter CFR Calatori has bought Euro 5 diesel fuel from trader Oscar Downstream within a contract worth 77.82 million lei (EUR17.9 million), VAT excluded. more

7 feb 2012

Romanian power distribution company Enel Distributie Muntenia, a subsidiary of Italian utilities group Enel, allocated 54 million lei (EUR12.4 million) for upgrades at electrical installations in more

7 feb 2012

The leu opened Tuesday stable against the euro, near yesterday’s closing levels, while other currencies in the region were also showing some minor oscillation. more

7 feb 2012

The Bucharest bourse opened Tuesday with an increase, on moderate trading, while the bulk of activity was focusing on the shares of financial issuers. more

6 feb 2012

The Bucharest bourse closed down Monday, unable to recover from a sharp mid-session drop fueled by Prime Minister Emil Boc’s announcement that the government resigns, as international markets stayed more

6 feb 2012

The Boc Government has taken good measures as well, but many of them came too late and were not well enough communicated, and the resignation will defuse the social and political tension, according to more

6 feb 2012

Corporate IT services and solutions provider Endava on Monday announced sales of EUR9.2 million for 2011 in Romania, up some 60% on the year. more

6 feb 2012

ProCredit Bank Romania will receive a syndicated loan worth EUR11.4 million, including EUR5 million from the European Bank for Reconstruction and Development (EBRD), to fund small- and medium-sized more

6 feb 2012

The Romanian leu weakened against the euro in mid-session Monday, while the stock exchange’s main index was falling 2.5%, following Prime Minister Emil Boc’s announcement of the government's more

6 feb 2012

The leu opened Monday a bit stronger against the euro, in a quiet market, while other currencies in the region were seeing a similar pattern of evolution. more

6 feb 2012

The Bucharest bourse opened Monday with an oscillating trend, on improved traded values, while the bulk of investment was focusing on the main investment funds. more

6 feb 2012

The average net salary rose 7.6% to 1,604 lei (EUR369) in December, from RON1,491 a month earlier, the statistics institute INS said Monday. more

3 feb 2012

The Bucharest bourse closed Friday with a solid increase, on high traded values, with activity focusing on the main investment funds. more

3 feb 2012

Romanian household appliance maker Arctic, owned by Turkish group Arcelik, will build a new production line, which would boost exports, the Romanian government said Friday in a news release. more

3 feb 2012

Romanian investment fund SIF Moldova (SIF2.RO) expects to a achieve a net profit of 76.5 million lei (EUR17.6 million) this year, compared to RON191.5 million in 2011, when it sold its stake in local more

3 feb 2012

German retailer Lidl plans to widen this year its Romanian network of stores to 200 units, from 134, with an investment of EUR1 million in each store, Friday said Alin Trnobranschy, south Romania more