28 nov 2011

Shareholders of regional investment fund SIF Moldova (SIF2.RO) on Monday agreed to sell the fund’s 6% stake in lender BCR to Erste Group Bank (EBS.RO), the fund said in a statement Monday. more

28 nov 2011

Romanian Competition Council on Monday said it has approved the merger between Alpha Bank and EFG Eurobank, where the former absorbs the latter, concluding that antitrust regulations are not breached. more

28 nov 2011

Brokers wishing to intermediate the listing of a 15% stake in Romanian state-owned gas producer Romgaz Medias can bid in the auction until December 29, the Economy Ministry said Monday in a news more

28 nov 2011

Companies that went insolvent in Romania by the end of October this year have a cumulated turnover of 12.7 billion lei (some EUR3 billion), compared to RON15.7 billion in the same interval of the more

28 nov 2011

Irish investment group Caelum Development wants to complete the ParkLake Plaza mall in Bucharest by the final quarter of 2013, following an investment of EUR250 million, exclusive agents more

28 nov 2011

Swiss fertilizer and grains trader Ameropa Holding concluded “a series of agreements” with the Turkish investors owning Azomures (AZO.RO), to buy the Romanian fertilizer maker. more

28 nov 2011

The Romanian leu opened Monday slightly stronger on the day, on low traded volumes, following the evolution of the other currencies in the region. more

28 nov 2011

The Bucharest bourse opened Monday with a solid increase, on low traded values, while investors were focusing mainly on the shares of investment funds and Erste Group Bank (EBS.RO). more

28 nov 2011

Romania issued 2,924 buildings permits for residential projects in October, down 24% on the month and 13.7% lower on the year, the statistics institute INS said Monday. more

28 nov 2011

Companies expect retail to see a moderate increase, industry to stabilize, and services and construction to decline between November 2011 and January 2012, the statistics institute INS said in a more

25 nov 2011

The Bucharest bourse closed Friday roughly flat on the day, in an apathetic market where investors held back and targeted the regional investment funds, or SIFs, and Erste Group Bank (EBS.RO). more

25 nov 2011

Investors interested in buying Uzina Electrica Zalau, sold by city hall at a starting price of EUR10.6 million, can file bids by January 5, and bids will be opened on January 12. more

25 nov 2011

Ali Ergun Ergen, head of the commercial area in the Baneasa project, owned by businessman Gabriel Popoviciu, will step down from his position at the end of the year, replaced by George Argentopoulos, more

25 nov 2011

Marking a first on the Bucharest stock exchange, businessman Catalin Chelu was forced by court order to pay damages for not launching an offer to takeover a firm, thus breaching market bylaws. more

25 nov 2011

The Romanian leu opened Friday nearly flat on the day, but it soon entered a downward trend, following the other currencies in the region, on fears of the sovereign debt crisis and the outlook of the more

24 nov 2011

The Bucharest bourse closed down Thursday, on low traded volumes, after staying afloat throughout most of the session and declining in the final minutes of trading. more

24 nov 2011

The Romanian real estate market’s recovery depends on decreasing the costs of land, taxes and infrastructure, so that the construction price nears a level that buyers can afford, Thursday said Calin more

24 nov 2011

The European Commission took Romania and Bulgaria to the European Court of Justice, claiming the two states do not offer backhaul at all interconnection points, which blocks newcomers to the market. more

24 nov 2011

Romanian President Traian Basescu on Thursday reiterated Romania’s objective to join the euro area in 2015, adding that “it’s always good to have ambitious goals”. more

24 nov 2011

Raiffeisen Bank International on Thursday reported a profit after tax of EUR60 million in Romania between January and September, down 29.1% from EUR85 million on the same interval of 2010, on more

24 nov 2011

The Bucharest bourse opened Thursday with an increase, on low traded values, with investors focusing mainly on the shares of Fondul Proprietatea (FP.RO) and the five regional investment funds, or more

24 nov 2011

Romanian president Traian Basescu on Thursday said that the banks of European states obtained “gigantic profits” in Romania, and preparing to leave the country unfunded during the crisis would be more

23 nov 2011

The Bucharest bourse closed Wednesday with a decline, on low traded volumes, while the bulk of activity focused on the shares of investment funds and those of lenders. more

23 nov 2011

Developers will complete office buildings in Bucharest with a total surface of 25,000 square meters in the final three months of the year, half of the surface launched in the third quarter, realty more

23 nov 2011

SAP Romania launched Wednesday an IT consultancy center for the clients of German group SAP in Europe, the Middle East and Africa, and it plans an investment of EUR30-40 million in the unit. more