11 nov 2013

Romanian pharmaceutical company Biofarm (BIO.RO) said Monday it registered sales of 85.5 million lei (EUR19.4 million) in the first nine months of 2013, up about 11% on the year, and 7% higher profit more

11 nov 2013

UK Argo Real Estate Opportunities Fund (Argo) has filed a petition for the voluntary insolvency of its Romanian subsidiary Omilos Oradea, which owns Era Shopping Park Oradea, following litigation with more

11 nov 2013

The Bucharest stock market closed down Monday on low liquidity, secured mainly by investment fund Fondul Proprietatea (FP.RO). more

11 nov 2013

Romanian building materials producer AdePlast will continue a project to build a basalt fiber plant, for which it earmarked EUR5.2 million from its own revenue resources and contracted extra EUR7.1 more

11 nov 2013

Audit and consulting company KPMG registered revenues of EUR36.5 million in Romania and the Republic of Moldova in the fiscal year ended September 30, 2013, up 4% on the year. more

11 nov 2013

Romanians are among the most dissatisfied Southeastern European citizens with their country’s tax system and politicians, according to a survey conducted by market research company Daedalus. more

7 nov 2013

The Bucharest stock market closed down Thursday and investment fund Fondul Proprietatea (FP.RO) was in the spotlight again. more

7 nov 2013

A 0.84% stake in Romanian investment fund Fondul Proprietatea (FP.RO) was traded on the Bucharest bourse in a special deal Thursday for 93.9 million lei (EUR21.2 million). more

7 nov 2013

Billa Romania, part of German group Rewe, expects its turnover to increase marginally in 2013 as consumption stagnated, Sorana Georgia, the general manager of the retailer, told Mediafax Thursday. more

7 nov 2013

Romania registered the highest VAT gap in the European Union, of 42%, in the 2000-2011 interval, while the average VAT gap in EU was 17%, according to PwC. more

7 nov 2013

The application of a system whereby Romanian firms must pay value added tax upon cashing in invoices will become optional and the government will eliminate regulations obliging firms to pay the VAT in more

7 nov 2013

Hotel chain Starwood is in negotiations to enter Romania next year by rebranding the Howard Johnson hotel in Bucharest to Sheraton, people familiar with the matter told Mediafax Thursday. more

7 nov 2013

Romanian rolling stock maker voestalpine Vae Apcarom Buzau (APC.RO), owned by Austria's voestalpine, registered revenues of 90.7 million lei (EUR20.45 million) in the first nine months of 2013, up 37% more

7 nov 2013

Romanian mortgage lender BCR Banca pentru Locuinte (BCR BpL) has provided financing of over 100 million lei (EUR22.5 million) this year, double on the year, through 1,500 contracts. more

7 nov 2013

The revenues of Romanian telecom operator Romtelecom fell 0.6% on the year to EUR152.6 million in the third quarter of 2013, Greek group OTE, owner of Romtelecom, Cosmote and Germanos, said in a more

7 nov 2013

Romania’s government will allot more money from VAT collections to local authorities next year and will oblige them to complete EU-funded projects first, according to the draft budget for 2014 more

7 nov 2013

The Bucharest stock market opened down Thursday and oil company OMV Petrom (SNP.RO) secured almost one third of the bourse’s liquidity. more

7 nov 2013

The development of the Romanian retail sector has been cramped by the country’s macroeconomic situation, and household consumption declined in 2012 as the country’s gross domestic product more

7 nov 2013

Cold cuts were 38.3% more expensive in Romania in 2012 compared with the previous year, the highest basic foodstuff price increase seen last year, according to a report by the country’s Competition more

6 nov 2013

The Bucharest stock exchange ended up Wednesday for the seventh straight session with investors focusing mainly on blue-chip stocks. more

6 nov 2013

Some 60% of Romanians would quit their full-time job to work from home as freelancers and 27% of them are already engaged in freelance projects on the side of a full-time job, according to a survey more

6 nov 2013

Romania’s tax authority ANAF will organize an auction on December 18 to buy postal services and the value of the contract is estimated at between 19.6 million lei and RON140.4 million (EUR4.42 more

6 nov 2013

Romanian insurer ING Asigurari de Viata said Wednesday it underwrote premiums of 408.2 million lei (EUR92 million) in the first nine months of 2013, up 0.2% on the year, and its gross profit rose more

6 nov 2013

Romania’s mineral resources authority ANRM will organize an auction in the first half of 2014 to lease 36 new onshore and offshore hydrocarbon blocks, ANRM adviser Irina Zamfir said Wednesday at a more

6 nov 2013

The Romanian Pool of Insurance against Natural Disasters (PAID) issued 107,000 mandatory home insurance policies in October and increased its portfolio to over 530,000 contracts, up 25% on the month. more