23 nov 2011

The Bucharest bourse opened Wednesday with a decline, on low traded volumes, while the bulk of activity was focusing on the main investment funds and on lenders. more

23 nov 2011

The leu opened Wednesday slightly weaker against the euro, in a quiet market with low traded volumes. more

23 nov 2011

Romanian oil company OMV Petrom (SNP.RO) contracted a multi-currency revolving credit facility worth EUR930 million, with three years tenor and a possibility for a two-year extension, for general more

22 nov 2011

Japanese giant Sumitomo plans to increase the storage capacity of recently acquired Romanian company Alcedo, by building new silos, as well as to build a granulated products unit, which would produce more

22 nov 2011

The Bucharest bourse closed Tuesday on a downward trend, and the five regional investment funds, or SIFs, slumped amid news that the planned stake cap talks in Parliament were postponed again. more

22 nov 2011

Romanian hydropower producer Hidroelectrica went to court in a bid to maintain its drought-sparked force majeure status, challenging the force majeure acknowledgment withdrawal by the Chamber of more

22 nov 2011

Romania has major potential for growth on the energy segment, but exploitation requires large investment, which will be not drawn from private investors as long as policies are not consistent and more

22 nov 2011

Romanian hydropower producer Hidroelectrica asked energy regulator ANRE to allow a price increase of up to 50%, starting January 1, on the electricity it delivers, since costs have increased. more

22 nov 2011

Online payment integrator ePayment on Tuesday announced that head of business development & strategy Cristian Herghelegiu was promoted to the position of country manager, replacing Daniel Nicolescu. more

22 nov 2011

Furniture retailer IKEA registered sales of 361.8 million lei (EUR82.96 million) in Romania between September 1, 2010 and August 31, 2011, up 10.5% on the year. more

22 nov 2011

The Bucharest bourse opened Tuesday with a moderate increase, on low traded values, but it soon turned negative, while investors were mainly focusing on financials and chemical company Azomures more

21 nov 2011

The Bucharest bourse closed Monday in the red, on moderate traded values, with a sharper decline posted by the regional investment funds (SIFs) following last week's large increases. more

18 nov 2011

The Bucharest bourse closed down 1% Friday, on moderate traded values, while the five regional investment funds, or SIFs, managed to stay in the green. more

18 nov 2011

Romania’s mineral resources administrator ANRM approved the transfer of a 35% stake in two Black Sea oil blocks from Sterling Resources to two firms partnered with the Canadian company. more

18 nov 2011

Nuclearelectrica, operator of Romania’s sole nuclear power plant, Friday said it will shut down one of its two reactors on Sunday, in order to replace a used component in the unit. more

17 nov 2011

French group Filasa on Thursday launched a EUR780 million investment project in northeastern Romania, targeting the construction of 12 wind farms. more

17 nov 2011

Oil pipe maker Tenaris on Thursday announced it plans to invest $150 million in Romania between 2011 and 2013, mainly in the construction of two new production units. more

16 nov 2011

The Bucharest bourse closed Wednesday roughly flat, on improved traded values, but the five regional investment funds, or SIFs, continued previous session's rally. more

16 nov 2011

Romanian Fribourg Development on Wednesday announced it will earmark EUR20 million to convert the Libertatea furniture plant in Cluj-Napoca to a technological park. more

16 nov 2011

Romanian state-owned thermal power producer CE Turceni will lay off 200 employees in view of improving efficiency, according to the explanatory note of an emergency ordinance drafted by the Economy more

16 nov 2011

Romania’s competition authorities have partially completed an antitrust investigation launched in 2005 on the fuel market, regarding the prices applied by oil companies, Competition Council more

16 nov 2011

Electronics retailer Altex will launch Thursday a shopping center in central Romania, developed by the group's real estate division Cometex following an investment of EUR4 million, funded from the more

16 nov 2011

South-African investment fund New Europe Property Investments, or NEPI, associated with Benevo Capital and CD Capital in view of developing the Victoria City Center in northern Bucharest. more

16 nov 2011

Retail property deals dropped 82.5% in value in Romania this year, compared to 2010, registering one of the lowest overall values in Europe, according to a Cushman&Wakefield survey. more

16 nov 2011

The net asset value of the five Romanian regional investment funds, or SIFs, dropped 5% in the month and were down 11% since the beginning of the year, to 6.173 billion lei (EUR1.416 billion). more