13 dec 2011

The Bucharest bourse opened Tuesday with a minor increase, on low traded volumes, while investors were mainly focusing on the shares of financials. more

12 dec 2011

The austerity measures taken in Romania were "brutal", unthinkable in a Western country such as Germany or France, but people in the East "have learned to live with brutality", according to Andreas more

12 dec 2011

The fact that state-owned Romanian lender CEC Bank is no longer allowed to increase its share capital from the profits of previous years is an error, Monday said the bank's president Radu Ghetea. more

12 dec 2011

The Bucharest bourse closed Monday on a downward trend, on very low traded values, with the bulk of activity focusing on the main investment funds. more

12 dec 2011

The assets of local open-end investment funds inched up 0.1% in November, to 6.898 billion lei (EUR1.59 billion), and clients withdrew a total RON30.1 million (EUR6.9 million) from these funds. more

12 dec 2011

Real estate consultancy firm Coldwell Banker on Monday announced it has launched 15 new offices nationwide in Romania, bringing its local network to a total 36 offices. more

12 dec 2011

Nicolae Crisan, former president of insurance watchdog CSA, was appointed general manager of the Guarantee Fund, a CSA department that protects insurance beneficiaries in case of insurer bankurptcy. more

9 dec 2011

The Bucharest bourse closed Friday roughly flat on the day, with investors focusing mainly on financial stocks, amid a mostly quiet session. more

9 dec 2011

Lenders Alpha Bank and Raiffeisen Bank Romania extended two credit facilities worth 25 million lei (EUR5.76 million) and EUR18 million respectively, contracted by bread maker and miller Titan more

9 dec 2011

The International Monetary Fund has asked Romania’s Government to transfer thermal power producer Electrocentrale Bucuresti (ELCEN) to the Economy Ministry and begin privatization procedures in an more

9 dec 2011

The Romanian leu opened weaker against the euro Friday, on low traded volumes, following the trend of the other currencies in the region. more

9 dec 2011

The Bucharest bourse opened Friday on a downward trend, on very low volumes, with investors trading mainly financial stocks. more

9 dec 2011

The delegate general manager of Romanian lender BRD-Groupe Societe Generale (BRD.RO), Sorin Popa, will be promoted on January 2 to Paris headquarters, tasked with the commercial development of the more

8 dec 2011

The Bucharest bourse closed Thursday on an undecided trend, on low traded volumes, while activity remained low in the market as half of the overall traded value came from the special deals. more

8 dec 2011

The Romanian unit of mobile phone maker Nokia on Thursday announced it has appointed Marcus Storkel as chief executive officer, replacing Razvan Petrescu at the completion of his three-year mandate. more

8 dec 2011

Romanian nuclear power plant operator Nuclearelectrica appointed development manager Dumitru Dina as interim general manager, after the resignation of Pompiliu Budulan, people close to the matter told more

8 dec 2011

The management of Romanian refinery Oltchim (OLT.RO) has agreed to meet with German minority shareholder PCC SE and discuss the latter’s proposed alternatives to mend the company’s financial more

8 dec 2011

The transit deal for Russian natural gas on Romanian soil has been extended by another year, until the end of 2012, Thursday said Elisabeta Ghidiu, strategy and corporate management head within more

8 dec 2011

Romanian electronics retailer Altex expects sales to top EUR200 million this year, compared to EUR195 million in 2010, Thursday said Dan Ostahie, the company’s general manager and owner. more

8 dec 2011

The Romanian Government reversed its decision to cancel the auction selecting a broker for the sale of a 20% stake in airline Tarom, after the rejected sole bidder updated its offer and halved the more

8 dec 2011

The chief executive officer of Romanian lender BRD-Groupe Societe Generale (BRD.RO), Guy Poupet, will be replaced with Alexandre Maymat, regional director of the Cameroon branch of Societe Generale, more

8 dec 2011

Romania’s gas market is not integrated into the EU market because of price disparities, Competition Council president Bogdan Chiritoiu said Thursday. more

8 dec 2011

The Bucharest bourse opened Thursday with a slight increase, on low activity, while the overall value of transactions was boosted by an early deal market trade. more

8 dec 2011

The Romanian leu opened slightly weaker against the euro on Thursday, but it soon recovered and started gaining ground against the European coin as a hedge fund started buying lei, dealers said. more

8 dec 2011

A consortium formed of Raiffeisen Capital&Investment, BT Securities and Czech brokerage firm Wood&Co was the sole bidder in the auction for a broker to intermediate the sale of a 15% stake in more