15 dec 2011

The Bucharest bourse closed Thursday with a solid increase, on high traded values, encouraged by positive news regarding an increase in the maximum ownership limit for the five regional investment more

15 dec 2011

Romanian Competition Council on Thursday announced it has approved the takeover of electronics retailer Flanco Retail by Asesoft Web, part of the Asesoft group. more

15 dec 2011

Romanian companies will not be able to export natural gas until import sources are diversified using the current infrastructure, according to a draft amendment to the gas law, approved Thursday in the more

15 dec 2011

Romanian electronics distributor Asesoft Distribution expects sales to reach EUR180 million this year, up 24% on 2010, the company's president Iulian Stanciu said Thursday. more

15 dec 2011

Romanian logistics firm FM Logistic expects 10% higher sales in 2011, to EUR22 million, from EUR20 million in the previous year, company general manager Catalin Olteanu said Thursday. more

15 dec 2011

Realty consultants CB Richard Ellis on Thursday announced the appointment of James Heyworth Dunne as head of capital markets for Romania and Southeast Europe. more

15 dec 2011

The PIC hypermarket in southern Romanian city Craiova was relaunched Thursday under the Succes brand, after Succes Nic rented two stores from bankrupt PIC, PIC's court-appointed administrator more

15 dec 2011

Romania's five regional investment funds, or SIFs, skyrocketed as soon as they were back to trading on the Bucharest bourse, after the Parliament raised the maximum ownership limit in the funds to 5%, more

15 dec 2011

Romanian lawmakers on Thursday approved a decision to increase the maximum ownership limit in the five regional investment funds, or SIFs, from 1% to 5%. more

15 dec 2011

The Romanian leu opened Thursday slightly weaker against the euro, on reduced activity, while other currencies in the region were seeing similar developments. more

15 dec 2011

BCR board member and retail vice-president Oana Petrescu decided to step down from this position starting March 31, 2012, and she will be replaced with Martin Skopek, management board member for more

14 dec 2011

The Bucharest bourse closed Wednesday in the red, on low traded volumes, while investos focused mainly on financial stocks. more

14 dec 2011

Romanian state-owned plane maker Avioane Craiova (AVIO.RO) concluded a $1.7 million contract with Israeli Elbit System for the delivery of telecom systems for aircraft. more

14 dec 2011

Romanian poultry farm Ave Impex on Wednesday said it will invest EUR6 million in an incubation station and a feed plant, which should start activity in spring next year. more

14 dec 2011

The public offering whereby the government plans to sell a 15% stake in power grid operator Transelectrica (TEL.RO) will be launched at the end of February, a government official said Wednesday. more

14 dec 2011

Romanian courier firm FAN Courier on Wednesday said it expects turnover to reach some EUR49 million this year, up 10.1% from EUR44.4 million in 2010. more

14 dec 2011

Bucharest-listed shares were trading down in in the first hour of Wednesday session, following the negative evolutions of international markets, but the traded values were extremely low. more

14 dec 2011

The Romanian leu opened Wednesday on a strengthening trend against the euro, but traded volumes remained low. more

13 dec 2011

The Bucharest bourse closed flat Tuesday, on very low traded values, while the five regional investment funds, or SIFs, rose by more than 3% on average. more

13 dec 2011

Courier and logistics firm Dynamic Parcel Distribution, or DPD, Tuesday said it expects deliveries to increase by 10% in December compared to the same interval of 2010. more

13 dec 2011

Romanian authorities will continue to lay off staff at coal mining company SNLO, cease underground activity, remove positions created through direct employment and send staff into furlough, while also more

13 dec 2011

KRUK International, the Romanian branch of Polish group KRUK, took over in the first nine months of this year receivables with a total book value of 6.3 billion lei (EUR1.45 billion), up 54% from more

13 dec 2011

Romania's SME loan guarantee fund estimates it will pay a total EUR31.8 million this year for loans issued by banks and not repaid, up 9% on the year, according to data presented Tuesday by the fund's more

13 dec 2011

Romanian plane parts maker Aerostar (ARS.RO) on Tuesday said it plans to invest 20.9 million lei (EUR4.8 million) in 2012, up 44% from RON14.5 million, the amount estimated for this year. more

13 dec 2011

The leu opened Tuesday slightly weaker against the euro, on very low traded volumes, but it soon recovered and returned to yesterday's closing levels. more