20 aug 2014

Romania has harvested a record rape crop this year, of roughly 1.1 million tons, despite poor weather conditions in the second quarter, Agriculture Minister Daniel Contantin said Wednesday. more

20 aug 2014

Bank of Cyprus on Wednesday said it has signed an agreement to sell its assets related to Societatea Companiilor Hoteliere Grand SRL, a company incorporated in Romania and owner of the JW Marriott more

20 aug 2014

Developer Portland Trust has fully leased the 37,500-square-meter Floreasca Park office building in Bucharest, The Advisers/Knight Frank, the exclusive agent of the real estate project, announced more

20 aug 2014

Romanian consumers’ confidence rose in April-June for the third consecutive quarter, nearing the European average, as Romania ranks 18th of 32 countries by consumer confidence index, which measures more

19 aug 2014

Macroeconomic and credit risks are among the biggest concerns for Romanian bankers, while excessive regulation tops the list of worries for international lenders, according to a survey from the Centre more

19 aug 2014

Euroconsult, the liquidator of Ecodiesel, which bought Crisana refinery in 2008, will put up for sale together the company’s assets, including the refinery, a biodiesel plant and plots of land more

18 aug 2014

Romanian new passenger car sales rose 32.7% to 47,857 units in the January-July period, from 36,069 units a year earlier, the Automotive Manufacturers and Importers Association, or APIA, said Monday. more

18 aug 2014

Romania’s Economy Minister Constantin Nita on Monday said the local economy remains “on a positive path” despite having contracted for two consecutive quarters. more

17 aug 2014

Romania’s insolvent state-run hydropower generator Hidroelectrica on Thursday sold just RON1.76 million worth of electricity on the local power exchange OPCOM, out of a planned RON161 million. more

14 aug 2014

Romanian drugmaker Biofarm (BIO.RO) Thursday said its net profit rose 8.9% on the year to 14.74 million lei (EUR3.3 million) in the first half, on higher sales. more

14 aug 2014

Telecom operators Romtelecom and Cosmote Romania will change their legal entities’ names into Telekom Romania Communications and Telekom Romania Mobile Communications, respectively, and will operate more

14 aug 2014

Romanian electricity distributor and supplier Electrica (EL.RO) on Thursday said its net profit slid 6% on the year to 197.1 million lei (EUR44.1 million) in the first six months, on lower electricity more

14 aug 2014

Romanian state-run power grid operator Transelectrica (TEL.RO) Thursday said its net profit more than doubled on the year to 226.2 million lei (EUR51 million) in the first half, on higher transport more

14 aug 2014

Romanian energy company Electrica (EL.RO) plans to invest 6.2 billion lei (EUR1.4 billion) between 2014 and 2018, mainly in distribution equipments, the company said in a statement Thursday. more

14 aug 2014

Romanian aluminum smelter Alro (ALR.RO) posted a first-half net loss of 128.7 million lei (EUR28.8 million), compared with a net profit of RON132.2 million in the year-ago period, the company said more

14 aug 2014

Romanian state-run nuclear power producer Nuclearelectrica (SNN.RO) Thursday reported a 69% drop in its first-half net profit, mainly due to lower electricity prices and higher tax costs. more

14 aug 2014

The Romanian economy is in recession after a second consecutive quarter of decline, a flash estimate from the country's statistics institute INS showed Thursday. more

13 aug 2014

Romanian Rompetrol Rafinare (RRC.RO), the refining arm of the country's second-largest oil group KMG International, Wednesday said its net loss narrowed 40% to $46.98 million in the first half, helped more

13 aug 2014

Romanian state-run natural gas pipeline operator Transgaz Medias (TGN.RO) Wednesday said its net profit more than doubled to 294.36 million lei (roughly EUR66.4 million) in the first half, helped by more

13 aug 2014

The Romanian leu closed slightly higher against the euro in thin volumes Wednesday, amid a quiet market. more

13 aug 2014

Romanian insolvent chemical producer Oltchim Ramnicu Valcea (OLT.RO) on Wednesday said its loss narrowed 22% to 115.2 million lei (EUR25.97 million) in the first half, from RON147.5 million a year more

13 aug 2014

The Romanian leu appreciated against the euro during the first half of the trading session Wednesday and the central bank’s reference strengthened 0.2% to 4.4347 units, from 4.4425 units a day more

13 aug 2014

Romanian foreign direct investment, or FDI, fell 10.3% to EUR1.19 billion in the first half of the year, the central bank said Wednesday. more

13 aug 2014

Romania's current account balance posted a deficit of EUR878 million in the first six months of 2014, versus surplus a year earlier, mainly due to a wider income deficit, central bank data showed more

13 aug 2014

Romanian anticorruption prosecutors are investigating former social democrat transport minister Dan Sova for abuse of office regarding contracts signed by his former law firm with state energy more