11 nov 2011

Romanian car parts maker UAMT Oradea (UAM.RO) Friday reported a net profit of 187,494 lei (EUR43,105) for the first nine months, up 17.5% from RON220,209 in the same period of 2010. more

11 nov 2011

Romanian oil machinery maker Uztel Ploiesti (UZT.RO) posted a loss of 1.9 million lei (EUR437,000) in January to September this year, compared to RON11.2 million in the same interval of 2010. more

11 nov 2011

Romanian hydropower producer Hidroelectrica on Friday said the Chamber of Commerce abusively withdrew the force majeure approval issued in September, which enabled the company to limit deliveries more

11 nov 2011

The Bucharest bourse opened Friday with a moderate increase, on low traded volumes, while investors were focusing mainly on shares of the Erste Group Bank (EBS.RO) and of the five regional investment more

11 nov 2011

The Romanian leu opened Friday roughly flat against the euro, on low traded volumes, while dealers don't rule out a new intervention from the central bank if the local currency enters a downward more

10 nov 2011

Shopping center operator Cocor Bucuresti (COCR.RO) on Thursday reported a loss of 5 million lei (EUR1.14 million), compared to a loss of RON5.4 million in the same interval of the previous year. more

10 nov 2011

Dairy maker Albalact (ALBZ.RO) on Thursday reported a net profit of 3.15 million lei (EUR385,000) for the first nine months of the year, up 46.8% from RON2.39 million in the same interval of 2010. more

10 nov 2011

Shareholders of poultry meat producer Avicola Buzau (AVZU.RO) allowed the company to take out a 15.6 million lei (EUR3.6 million) loan from Eximbank, to use as working capital and to refinance two more

10 nov 2011

Rompetrol Rafinare (RRC.RO) on Thursday reported a net loss of $113.3 million for the first nine months of the year, down 18.8% from a loss of $139.6 million in the same interval of the previous year, more

10 nov 2011

Russian electricity producer TISE is interested in buying the majority stake in chemical company Oltchim (OLT.RO), according to a news release issued Thursday by the Romanian Economy Ministry. more

10 nov 2011

Romanian state-owned thermal power producer Rovinari will take out a RON148 million loan (EUR34 million) for desulphurization works, company general manager Tiberiu Trotea told MEDIAFAX. more

10 nov 2011

Romanian Economy Minister Ion Ariton on Thursday invited German energy company Karl Gruppe to "look into the possibility" of association with Romania’s Hidroelectrica in view of upgrading several more

10 nov 2011

The Romanian leu closed Thursday slightly stronger against the euro, while dealers suspect the central bank was present throughout the day in the market with indirect euro sales meant to maintain the more

10 nov 2011

The Bucharest bourse closed Thursday in the red, but the five regional investment funds, or SIFs, returned to gains recouping the 2% decline in the previous session. more

10 nov 2011

Romanian fiscal watchdog ANAF on Thursday said it will return value added taxes worth a total 1.4 billion lei (EUR321 million) in November, for discount claims filed before October 25. more

10 nov 2011

German Chancellor Angela Merkel on Thursday said in a joint news conference with Romanian President Traian Basescu that Romania has confirmed its intention to join the euro area in 2015, adding she more

10 nov 2011

The value of Galleria malls held in Romanian cities Suceava, Buzau and Piatra Neamt by developer GTC has declined by nearly 13% over the third quarter, because of reduced occupancy and declines in the more

10 nov 2011

Romanian President Traian Basescu on Thursday said, after meeting German Chancellor Angela Merkel, that Romania will start a large privatization process, involving thermal power producers Turceni, more

10 nov 2011

Tens of hotels built in Romania over the past 10-12 years, mainly by people who don’t usually invest in tourism, and which are not efficient, are now put on sale for very high sums, says Radu more

10 nov 2011

Romanian housing bank BCR Banca Pentru Locuinte on Thursday reported a net profit of 6 million lei (EUR1.38 million) for the first nine months of the year, and a 50% increase in the number of more

10 nov 2011

Romanian banks association ARB on Thursday announced it has appointed Romanian International Bank (RIB) chief Florin Danescu as executive president. more

9 nov 2011

The Bucharest bourse closed Wednesday slightly below par, with investors focusing mainly on Fondul Proprietatea (FP.RO), Erste Group Bank (EBS.RO) and the five regional investment funds, or SIFs. more

9 nov 2011

Romanian open-end investment funds reported cumulated net assets of 6.89 billion lei (EUR1.58 billion) in October, down 1.4% on the month, while foreign investment funds distributed on the local more

9 nov 2011

The Bucharest court on Monday approved an insolvency claim filed by Alpha Bank against the developer of Asmita Gardens, one of Bucharest’s largest residential compounds. more

9 nov 2011

Romanian oil and gas group OMV Petrom's (SNP.RO) natural gas production in Romania and Kazakhstan increased 3% in the first nine months, to 3.96 billion cubic meters, from 3.84 billion cubic meters in more