26 oct 2011

State-owned hydropower producer Hidroelectrica does not have the means to terminate its direct sale contracts, which are “perhaps” concluded over “too extended” periods, Wednesday said the more

26 oct 2011

The number of green certificates granted to renewable energy producers may be reduced within two years, if authorities learn that the investment was overestimated, Wednesday said Bogdan Chiritoiu, more

26 oct 2011

Realty developer Opus Land Development on Wednesday said it plans to develop over 1,000 apartments and 200 villas in the Cosmopolis compound near Bucharest, with an investment over some EUR55 million. more

26 oct 2011

Large players on the energy market will not be interested in the minority stakes sold by Romania in state-owned companies, Wednesday said Frank Hajdinjak, chief executive officer of E.ON Romania. more

26 oct 2011

Romanian state-owned chemical company Oltchim (OLT.RO) will be privatized by April-May 2012, Wednesday said Karoly Brobely, secretary of state within the Economy Ministry. more

26 oct 2011

Medicine wholesaler Farmexpert on Wednesday said it expects sales to reach EUR400 million by the end of this year, up 10% from EUR362.8 million in 2010. more

26 oct 2011

The Bucharest bourse opened Wednesday with a slight increase, but they soon fell below par, on little to no trading. more

26 oct 2011

The leu opened Wednesday nearly flat against the euro, as players on international markets await the conclusions of the EU leaders summit. more

25 oct 2011

The Bucharest bourse closed Tuesday with a slight decrease, on low traded values, with investors focusing mainly on Fondul Proprietatea (FP.RO) and the shares of banks. more

25 oct 2011

Drugstore chain operator Siepcofar has moved its headquarters to the Sun Offices building where it has rented 1,000 square meters, Tuesday said Colliers, the building’s new rental agent. more

25 oct 2011

Athenee Palace Hilton Bucuresti, owned by businessman George Copos, on Tuesday announced the appointment of Yann Marteau as development director in charge with the hotel’s sales strategy. more

25 oct 2011

Car battery maker Rombat Bistrita on Tuesday said it has achieved exports worth EUR33 million in the first nine months of the year, and it has entered two new markets, namely South Africa and Lebanon. more

25 oct 2011

Irish group Caelum Development has started construction of the ParkLake Plaza mall in Bucharest, with an investment of EUR250 million. more

25 oct 2011

Agricola Bacau, one of the largest local poultry meat producers, on Tuesday said it will invest some EUR3 million to launch over 100 stores over the next two years. more

25 oct 2011

Brokerage firm Intercapital Invest on Tuesday reported a 22% year-on-year drop in its Jauary-September turnover, to 1.7 million lei (EUR0.4 million), from RON2.28 million in the same interval of 2010. more

25 oct 2011

The price of gas and electricity for Romania’s industrial consumers should rise by two digits, since current levels are unsustainable, Tuesday said Frank Hajdinjak, president of utilities companies more

25 oct 2011

The Bucharest bourse opened Tuesday with minor oscillation, on low traded values, while the indexes tracking energy companies and the main lending funds were managing to stay in the green. more

25 oct 2011

Private lending rose 2.7% in real terms to 221.4 billion lei (EUR51.21 billion) in September compared to August, central bank data showed Tuesday. more

25 oct 2011

The leu opened Tuesday flat on the day, despite moderate corrections seen by other currencies in the region. more

24 oct 2011

The Bucharest bourse closed slightly up Monday, on low traded volumes, with the bulk of activity focused on the shares of Fondul Proprietatea (FP.RO) and the bank stocks. more

24 oct 2011

Brasov-based Retail Center Association (RCA) is the new owner, starting October 1, for the Spar supermarket franchise in Romania, previously owned by Astral Impex, a company controlled by the Cuc more

24 oct 2011

The shareholders of Romanian hotel operator Compania Hoteliera Intercontinental Bucuresti (RCHI.RO) on Monday rejected a 40 million lei (EUR9.25 million) share capital increase proposed by The Nova more

24 oct 2011

The ousted general manager of brokerage firm SSIF Broker (BRK.RO) on Monday said he considers the managing board’s decision, to dismiss him, an abuse and he will challenge this action in court. more

24 oct 2011

The managing board of Romanian brokerage firm SSIF Broker (BRK.RO) decided to dismiss general manager Girgore Chis, as a disciplinary measure, according to a report published on the Bucharest bourse. more

24 oct 2011

The sales of IT firm Total Soft may rise by 20%-25% this year, to EUR25 million, while earnings before interest, taxes, depreciation and amortization (EBITDA) may rise by 35% on the year, to EUR5 more