7 nov 2016

Prices of apartments put up for sale across Romania fell 0.3% on the month in October, with the average price reaching EUR1,042 per sqm, and rose 6.3% compared with October 2015 (EUR980 per sqm), more

7 nov 2016

The court has admitted the insolvency request filed by oil refinery RAFO Onesti, while Transilvania Insolvency House was appointed as temporary judicial administrator. more

7 nov 2016

Romania-Bulgaria gas interconnector will become operational on November 11, Bulgarian PM Boyko Borisov said duting a meeting with his Serbian counterpart Aleksandar Vučić, cited by Novinite. more

7 nov 2016

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4 nov 2016

Low cost airline Wizz Air started operating a new flight from Satu Mare (north-western Romania) to London- Luton airport (UK), twice a week, on Mondays and Fridays. more

4 nov 2016

Craiova-based window and door system producer Casa Noastra, which sells QFort brand, will borrow RON10 million from lender CEC Bank, for buying plots of land. more

4 nov 2016

UK-based mining company Vast Resources, with operations in Romania and Zimbabwe, announced the start of a drilling program to confirm the mineral resource and provide material for metallurgical more

4 nov 2016

Polisano, the fifth medicine distributor on the Romanian market, went insolvent following the decision of Sibiu Court on September 22, while BDO Business Restructuring was temporarily appointed as more

3 nov 2016

The European Bank for Reconstruction and Development (EBRD) on Thursday revised Romania’s GDP growth forecast for next year from 4% to 4.8%. more

3 nov 2016

Over half of foreign investors forecast a moderate growth of their businesses next year but consider that the legislative process has worsened, according to a business sentiment index survey conducted more

3 nov 2016

Low cost airline Wizz Air will start operating new flights from Craiova airport (southern Romania) to Liverpool, Koln and Madrid starting March 2017. more

2 nov 2016

The salary increases for the health and education staff recently approved by the Parliament’s labor and budget committees could take Romania back to 2008, when the Parliament gave with one hand and more

2 nov 2016

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1 nov 2016

Finance Minister Anca Dragu said Tuesday that the budget deficit is estimated to exceed 3% of the GDP, referring to the bill on public sector wages, unless other expenses are cut. more

1 nov 2016

Swedish furniture and decoration retailer IKEA reported sales of RON514,661,610 (VAT not included) in Romania in the fiscal year 2015/2016 (September 2015 – August 2016), up 21% compared with the more

1 nov 2016

Swedish furniture and decoration retailer IKEA plans to open a second store in capital city Bucharest, on the Theodor Pallady Boulevard, by the end of 2018, in which it will invest over EUR80 million, more

1 nov 2016

One quarter of factoring financing goes to small and medium-sized enterprises (SMEs) operating in the IT&C sector, while the demand for factoring operations from companies in the IT&C sector working more

1 nov 2016

The debt discharge law has triggered immediate effects both on the banking and real estate market and the related industries; nevertheless, imbalances did not last long and the situation is stable at more

31 oct 2016

Medicine producer Pfizer Romania has named Mirela Iordan as country manager starting November 1, replacing Nolan Townsend who was appointed president of the rare disease division for developed more

31 oct 2016

State-owned salt company Salrom appointed Dumitru Matei as the new general manager of the company as of November 1, 2016, for a four-year mandate, the company said in a statement Monday. more

31 oct 2016

Low-cost airline Blue Air on Monday opened an operational airbase on International Airport "Avram Iancu" in Cluj, the sixth in Romania, the company said in a statement. more

31 oct 2016

The number of real estate deals in Romania stood at 700,000 contracts in the first nine months of 2016, over 56,000 more than in the same period in 2015, the national cadastre agency ANCPI said more

31 oct 2016

The local residential market seems to be ready for a paradigm shift as the demand and supply for new apartment segment is on an upward trend, unlike the previous years, according to a study by more

28 oct 2016

The number of limited liability companies – startups (SRL-D) in Romania reached 34,193 entities in September 2016, 814 more than in August, according to Trade Registry data. more

28 oct 2016

Investment fund Fondul Proprietatea (FP.RO) has reduced its share capital from RON9.3 billion to RON9.2 billion by cancelling 179 million own shares acquired by the fund. more