31 oct 2011

Swiss group Ameropa Holding is in advanced negotiations to take over Eurofert and Azomures Holdings, which hold a cumulated 75.87% stake in fertilizer maker Azomures (AZO.RO). more

31 oct 2011

Bucharest bourse operator BVB (BVB.RO) on Monday decided to raise the maximum allowed price variation limit to 40% from 15% for Azomures (AZO.RO), since news of a potential takeover of the company more

31 oct 2011

Lender Volksbank International has transferred control of Volksbank Romania to a special vehicle, VBI Beteiligungs GmbH, with an identical shareholding structure, where Osterreichische more

31 oct 2011

The leu opened Monday weaker against the euro, in line with other currencies in the region, while traded volumes were low. more

31 oct 2011

The Bucharest bourse opened Monday with a slight decline, on low traded values, while investors were focusing mainly on chemical company Azomures (AZO.RO). more

31 oct 2011

Romania's unemployment rate was at 7.5% in September, compared to 7.3% in August, seasonally adjusted data from the statistics institute INS showed Monday. more

28 oct 2011

Plane repair firm Turbomecanica Bucuresti (TBM.RO) on Friday reported a 14.3 million lei (EUR3.4 million) loss for the first nine months of the year, compared to a loss of RON6.3 million in the same more

28 oct 2011

Bucharest DIY store Leroy Merlin Bricolaj, owned by French group Adeo, has increased its share capital by 22.2 million lei (EUR5.15 million), to RON102.8 million, through cash contribution. more

28 oct 2011

The Bucharest bourse closed Friday with a decrease, on high traded values, in a market where players focused mainly on the shares of Fondul Proprietatea (FP.RO) and those of lenders. more

28 oct 2011

Romanian oil and gas producer OMV Petrom (SNP.RO) acquired in September maintenance and transport services worth an approximate total EUR100 million, from subsidiaries of Austrian group Christof and more

28 oct 2011

Construction materials maker Somaco Grup Prefabricate, owned by Oresa Ventures, has increased its share capital by 22.89 million lei (EUR5.3 million), to RON61.83 million, through the conversion of a more

28 oct 2011

Canadian Sterling Resources on Friday said it has reached an agreement with Romania’s Economy Ministry enabling the former to continue exploration on several blocks in the Black Sea. more

28 oct 2011

The European Bank for Reconstruction and Development is considering issuing a loan worth up to EUR92 million for Cyprus-registered EPGE, in view of funding the construction of a wind farm in Romania. more

27 oct 2011

Most companies in Romania are planning to widen their investment and increase staff by more than 50% over the next five years, according to a study by the American Chamber of Commerce in Romania, or more

27 oct 2011

The Bucharest bourse closed Thursday with a robust increase, on much higher traded values, as players showed improved sentiment following the EU summit. more

27 oct 2011

US oil group Chevron will start drilling in Romania in 2012, seeking unconventional gas, Thursday said the company’s Romania manager, Thomas Holst, during a seminar. more

27 oct 2011

Romania’s secure natural gas reserves, estimated to cover consumption over the next 15 years, could be increased following drilling in the Black Sea, Thursday said Alexandru Patruti, president of more

27 oct 2011

Railway administrator CFR SA reduced its nine-month loss by 55.05%, to 262.48 million lei, from RON583.92 million, according to a news release issued Thursday. more

27 oct 2011

The leu opened Monday slightly weaker against the euro, but soon recovered the ground lost, on low traded volumes and improved sentiment. more

27 oct 2011

The Bucharest bourse opened Thursday with a solid increase, on positive sentiment coming from the conclusions of the EU summit, where leaders agreed on measures to counter the economic crisis. more

27 oct 2011

Lender Banca Transilvania (TLV.RO) on Thursday reported a net profit of 106.9 million lei (EUR25.4 million) for the first nine months of the year, up 53% from RON69.7 million in the same interval of more

26 oct 2011

The Bucharest bourse closed Wednesday roughly flat on the day, on low traded volumes, with investors awaiting EU leader summit conclusions. more

26 oct 2011

Rosia Montana Gold Corporation (RMGC) on Wednesday said it will reduce its share capital by 252.7 million lei (EUR58.39 million), to RON359.8 million, from RON612.6 million, by diminishing the face more

26 oct 2011

Electronics retailer Flanco expects to conclude this year with sales of EUR110 million, up 38% on the year, and a net profit of EUR1 million, Wednesday said the company’s general manager, Adrian more

26 oct 2011

Carrefour Romania has borrowed EUR30 million from the Danish subsidiary of the French group, and it plans to launch to hypermarkets in Romania, according to an announcement published Wednesday. more