9 nov 2011

Romanian grain mill products maker Titan (MPN.RO) on Wednesday reported a net profit of 7.57 million lei (EUR1.73 million) in the first nine months, compared to a loss of RON2.56 million in the same more

9 nov 2011

Romanian mining machinery maker Comelf Bistrita (CMF.RO) on Wednesday reported a pretax profit of 2.1 million lei (around EUR450,000) for the first nine months of 2011, compared to some RON0.47 more

9 nov 2011

Romanian regional investment fund SIF Banat-Crisana (SIF1.RO) on Tuesday signed a deal with Erste Group Bank (EBS.RO) to sell the stake it owns in lender BCR, under terms approved in a shareholder more

9 nov 2011

The Romanian leu opened Wednesday with an insignificant increase against the euro, in a quiet market where activity came mainly from banks trading for corporate clients. more

9 nov 2011

Erste Group Bank (EBS.RO) and its Romanian arm Banca Comerciala Romana, or BCR, are granting a EUR50 million loan to four companies owned by Russian steel giant Mechel in Romania, to refinance loans more

9 nov 2011

The Bucharest bourse opened Wednesday with an increase, on low traded volumes, with OMV Petrom’s (SNP.RO) record profit in the backdrop. more

9 nov 2011

Oil group OMV Petrom (SNP.RO) on Wednesday reported a net profit of 2.921 billion lei (EUR694.5 million) for the first nine months of the year, doubled on the year, while sales rose 23% to RON16.224 more

8 nov 2011

Lender Intesa Sanpaolo Romania posted a loss of EUR17 million in the first nine months of the year, compared to EUR4 million in the same interval of 2010, according to a financial report published more

8 nov 2011

Harbor operator Oil Terminal Constanta (OIL.RO) on Tuesday reported a net profit of 1.7 million lei (EUR390,472) for the first nine months of the year, compared to RON3.7 million in the same interval more

8 nov 2011

Lenders Banca Transilvania (TLV.RO), CEC Bank and Volksbank Romania may soon become candidates for takeover or state-led privatization, according to a banking sector report published Tuesday by more

8 nov 2011

The introduction of a special bank levy in Romania is unlikely, since the “influential” central bank opposes such a measure, according to a Raiffeisen report on Central and Eastern European more

8 nov 2011

The Romanian leu registered some unnoticeable oscillation in late trade Tuesday and it closed roughly flat against the euro, on low traded volumes. more

8 nov 2011

The five regional investment funds, or SIFs, closed up 5.5% in Bucharest as players moved on news that a Parliament committee has agreed to raising the maximum ownership limit to 5%, while the rest of more

8 nov 2011

Linking wind farms to the national power grid requires an investment of more than EUR500 million, and state-owned Transelectrica (TEL.RO), the grid’s operator, lacks the funds, which means some of more

7 nov 2011

The Finance Ministry transferred a total 1.65% in investment fund Fondul Proprietatea (FP.RO) in October, as compensation, which narrowed the state’s stake in the fund to 5.93%, while private equity more

7 nov 2011

Construction materials maker Lafarge Agregate Betoane (AGEM.RO) on Monday reported a loss of 12.1 million lei (EUR2.78 million) for the first nine months of the year, compared to RON11.2 million in more

7 nov 2011

Private equity funds have invested EUR3 billion in Romania so far and they still have EUR1 billion available to take over local companies, but deals are blocked by the local entrepreneurs' refusal to more

7 nov 2011

The Bucharest bourse closed up Monday, with the bulk of trades targeting shares of Fondul Proprietatea (FP.RO) and of the five regional investment funds, or SIFs. more

7 nov 2011

The Romanian leu remained stable against the euro in late trade Monday and maintained the ground gained earlier in the session, amid moderate traded values. more

7 nov 2011

Shareholders of Romanian lender Bancpost on Monday decided to increase the share capital by 92.6 million lei (EUR21.4 million) to RON1.185 billion, the bank said in a news release. more

7 nov 2011

The government needs to hurry privatizations and the appointment of private management at state-owned companies, to decisively change the system where a privileged few enjoy undeserved profit, says more

7 nov 2011

Management at Romanian lender BCR added a new item on the shareholder meeting agenda set for November, namely talks on the floating of BCR stock, requested by regional investment fund SIF Moldova more

7 nov 2011

Entrepreneurship means creating jobs, not dealing in real estate to boost profit, Monday said Mihail Marcu, chairman of the board at private healthcare operator MedLife. more

7 nov 2011

Romanian natural gas producer Romgaz Medias will hold an open auction on December 19 to award a 50.5 million lei (EUR11.6 million) prospection contract. more

7 nov 2011

Romanian realty consultancy firm DTZ Echinox on Monday said it has appointed Yves D'Arfeuille as head of property management. more