20 dec 2011

Romanian state-owned hydropower producer Hidroelectrica on Tuesday announced the completion of a hydropower plant in southern Romania, following an investment of EUR75 million. more

20 dec 2011

Romanian chemical company Oltchim (OLT.RO) will maintain 993 employees on furlough in January 2012, continuing a measure taken over the past five months for lack of raw materials and working capital. more

20 dec 2011

The Bucharest bourse closed down Tuesday, on moderate traded values, while the five regional investment funds, or SIFs, dropped by more than 3% on average. more

20 dec 2011

The gas supply of chemical plants and power producers, with consumption of more than 30,000 cubic meters per hour, will be limited or ceased in case of force majeure, which will also include a 20% more

20 dec 2011

Romania's energy market might be linked to its counterparts in the Czech Republic, Slovakia and Hungary, state-owned power grid operator Transelectrica (TEL.RO) said Tuesday. more

19 dec 2011

The Bucharest bourse closed Monday roughly flat on the day, on moderate traded values, while the five regional investment funds, or SIFs, dropped by more than 2% on average. more

19 dec 2011

Romanian competition authorities performed inspections at three meal voucher issuers--Edenred, Sodexo Pass and Cheque Dejeuner--following suspicions of agreement between the three. more

19 dec 2011

Apartment prices in Bucharest dropped by 3% to 5% on the year in 2011, compared to a decline of 16% in 2010, according to a report by realty portal imopedia.ro. more

19 dec 2011

Coca-Cola Hellenic Bottling Company on Monday announced the appointment of Michalis Imellos as chief financial officer, replacing Robert Murray who will resign starting 2012. more

19 dec 2011

Nuclearelectrica, operator of Romania's sole nuclear power plant at Cernavoda, Monday shut down the plant's reactor 2 in order to repair a malfunction. more

19 dec 2011

Austrian Erste Group Bank (EBS.RO) on Monday announced it has taken over another 6% in Romanian lender BCR, following deals struck with the five regional investment funds, or SIFs, widening its more

19 dec 2011

Regional investment fund SIF Oltenia (SIF5.RO), the only SIF not to sell its BCR stake to Austrian Erste, contributed 37.1 million lei (EUR8.54 million) to a share capital increase at the Romanian more

19 dec 2011

The leu opened Monday a bit stronger against the euro, aided by low-volume euro sales seen by dealers as the actions of Romanians abroad who are coming home for the holidays. more

19 dec 2011

The Bucharest bourse opened Monday with a decline, on very low traded volumes, with the large part of investment foucusing on the main investment funds. more

16 dec 2011

The Bucharest bourse closed Friday below par, on lower traded values, with investors aiming mainly the shares of banks and investment funds. more

16 dec 2011

The transactions whereby Austrian Erste Group Bank (EBD.RO) bought the BCR stakes owned by the five Romanian regional investment funds, or SIFs, brought an increase in the assets and profits of the more

16 dec 2011

Bucharest’s Theodor Pallady boulevard will draw investment of more than EUR500 million over the next two years, especially in retail and on the auto segment, according to Bucharest District 3 chief more

16 dec 2011

Romanian plastic systems maker Romcarbon Buzau (ROCE.RO) plans to draw capital for the development of activity at three firms where it holds stock in association with investment fund South Eastern more

16 dec 2011

Romanian authorities extended by three months, until April 2012, the deadline by which companies can file bids to buy mining company Cupru Min, Economy Ministry official Claudiu Stafie said Friday. more

16 dec 2011

Volksbank will continue to operate on the Romanian market, and an interruption of activity is out of the question, Friday said the bank’s chief executive officer Johann Lurf, adding shareholders more

16 dec 2011

Romanian authorities on Friday signed two deals with the European Investment Bank, for loans cumulating EUR500 million, aimed at funding the construction of a new subway line in Bucharest and more

16 dec 2011

Lender Volksbank Romania will be transferred to a new division of Austrian group Volksbank, which includes non-core businesses, along with Volksbank Leasing International and Volksbank Malta. more

16 dec 2011

The Bucharest bourse opened Friday with an oscillating trend, on low traded volumes, while players were focusing on the main investment funds. more

16 dec 2011

The leu opened Friday nearly flat against the euro, but it soon started to strengthen, helped by euro sale orders. more

15 dec 2011

Regional investment fund SIF Moldova (SIF2.RO) received a 1% stake in Erste Group Bank (EBS.RO) in exchange for a 4.74% stake in BCR, thus becoming the second SIF to leave the Romanian bank's more