16 nov 2011

Fitness center operator World Class has rented 1,000 square meters in office building America House, owned by French investment fund AEW Europe, tenant representative Jones Lang LaSalle said more

16 nov 2011

Romania’s Economy Ministry on Wednesday announced that bids will be accepted until December 8 on the brokerage of the operation where an additional 15% stake in Transgaz (TGN.RO) will be listed on more

16 nov 2011

Romanian antitrust authorities are investigating oil and gas group OMV Petrom (SNP.RO) for alleged breaches of competition regulations regarding the company's withdrawal of Eco Premium gasoline more

16 nov 2011

The Romanian leu opened Wednesday nearly flat on the day, but it soon weakened for a short while before returning to opening levels by the end of the first hour. more

16 nov 2011

The Bucharest bourse opened Wednesday slightly in the red, while the moderately improved traded value came from the renewed interest investors found in the five regional investment funds, or SIFs. more

15 nov 2011

The Bucharest bourse closed Tuesday with a minor decrease, on higher traded values, pushed by transactions with the five regional investment funds, or SIFs, that surged more than 8%, on news that the more

15 nov 2011

Romanian construction materials maker COMCM Constanta (CMCM.RO) Tuesday reported a net profit of 2.1 million lei (EUR483,000) for the first nine months, compared to RON173,000 in the same interval of more

15 nov 2011

Romanian abrasives maker Carbochim Cluj-Napoca (CBC.RO), owned indirectly by businessman Catalin Chelu, Friday reported a 10% increase in nine-month sales, to 23.1 million lei (EUR5.5 million), from more

15 nov 2011

Shopping center operator Atrium European Real Estate on Tuesday reported that rental income from the Militari Shopping Center in Bucharest dropped 2.5% in the first nine months, to EUR5 million, from more

15 nov 2011

Romania’s Competition Council has expanded an investigation on auction bid rigging, regarding natural gas works, to include another six companies, the authority said in a news release Tuesday. more

15 nov 2011

Pharmaceutical company Actavis appointed Dan Ivan as general manager of its Romanian operations, replacing Alina Culcea, who was appointed to the position of deputy general manager. more

15 nov 2011

Romanian beer maker Bergenbier, part of the StarBev group, has launched a thermal power production unit at the Ploiesti plant, following an investment of EUR200,000 aimed at reducing natural gas more

15 nov 2011

The debt funding gap on commercial real estate in Romania stagnated at some $2 billion in the first nine months, namely 5% of the overall investment, a percentage similar to the one in UK, but lower more

15 nov 2011

Japanese group Sumitomo will take over 90% of Romanian fertilizer supplier Alcedo within a transaction approved early November by the Competition Council and set for conclusion in the near future. more

15 nov 2011

UK medicine maker GlaxoSmithKline (GSK) on Tuesday announced it has completed a $7 million investment in two production lines at the plant it owns in central Romanian city of Brasov.. more

15 nov 2011

Romanian lender UniCredit Tiriac Bank on Tuesday reported a 43% year-on-year drop in its nine-month profit, to 122 million lei (EUR29 million), as harsh economic conditions and legislation changes more

15 nov 2011

The net asset value of Romanian investment fund Fondul Proprietatea (FP.RO) rose 2.24% on the month in October, to 14.944 billion lei (EUR3.44 billion), as the Bucharest market started to recover, but more

15 nov 2011

Investment fund Fondul Proprietatea (FP.RO) continued to buy stock on the Bucharest bourse in the third quarter, increasing its stakes in Banca Transilvania (TLV.RO), BRD (BRD.RO), Alro (ALR.RO), more

15 nov 2011

The Bucharest Stock Exchange opened Tuesday with a modest increase, on low traded volumes, while players were mainly targeting Fondul Proprietatea (FP.RO), the five SIFs and Oltchim (OLT.RO). more

15 nov 2011

The leu opened Tuesday with a slight weakening tendency against the euro, on low traded volumes, while other currencies in the region were seeing similar developments. more

15 nov 2011

Aluminum maker Alro Slatina (ALR.RO) reported a 70.7% year-on-year hike in its nine-month net profit, to 222.4 million lei (EUR52.8 million), compared to RON131.4 million in the same interval of more

15 nov 2011

Regional investment fund SIF Transilvania (SIF3.RO) on Monday signed a deal to sell to Austrian Erste Group Bank (EBS.RO) the 6% stake it owns in lender Banca Comerciala Romana, or BCR, under terms more

15 nov 2011

Plastic items maker Prodplast Bucuresti (PPL.RO) registered a 43% year-on-year increase in its nine-month profit, to 2 million lei (EUR0.46 million) from RON1.4 million. more

15 nov 2011

Drilling and construction firm Dafora Medias (DAFR.RO), owned by businessman Gheorghe Calburean, on reported a 20% drop in nine-month sales, to 115.3 million lei (EUR27.4 million), from RON144.4 more

14 nov 2011

Romanian realty developer Impact, owned by businessman Dan Ioan Popp, registered a loss of 14.3 million lei (EUR3.4 million) in the first nine months, more than double the RON6.7 million loss seen in more