6 nov 2013

The main flaws in Romania’s current legislation on insolvency concern the duration of proceedings, a low debt recovery rate and high costs, which the newly adopted regulations on insolvency do not more

6 nov 2013

Romania’s state-owned hydropower producer Hidroelectrica and electricity producer Electrica SA will be listed both on the Bucharest and London stock exchanges next year, Minister-delegate for Energy more

6 nov 2013

Costs to upgrade the coal mines owned by Romanian state-run power producer Complexul Energetic Hunedoara are estimated at EUR70 million and works should the finished in at most two years, Minister for more

6 nov 2013

U.S. group Liberty Global, which owns cable television operator UPC, registered revenues of over $103.6 million in Romania in the first nine months of 2013, up about 7% from $97.1 million in the more

6 nov 2013

The Bucharest stock exchange opened up Wednesday, tracking the main European markets, and half of the bourse’s liquidity was secured by investment fund Fondul Proprietatea (FP.RO) and oil company more

6 nov 2013

The Romanian leu was stable against the euro Wednesday morning and traded at about 4.445 units amid low volumes. more

5 nov 2013

The Bucharest stock market closed up Tuesday and transfers with the shares of Fondul Proprietatea (FP.RO), oil company OMV Petrom (SNP.RO) and power grid operator Transelectrica (TEL.RO) secured two more

5 nov 2013

Romania’s rural development system is inefficient and public procurement procedures are marred by irregularities, according to a report by the European Court of Auditors (ECA), presented Tuesday in more

5 nov 2013

Japanese group NTT Data Corporation entirely bought IT services provider EBS Romania, which registered turnover of EUR13 million in the first nine months of the year. more

5 nov 2013

Portuguese company Sonae Sierra and Irish real estate developer Caelum Development said they got authorization to build shopping center ParkLake in Bucharest in September and construction works will more

5 nov 2013

Romania’s government may take a decision on lowering the value added tax on other food products besides bread only after it analyzes the impact of the VAT cut in the bread industry, IMF official more

5 nov 2013

The International Monetary Fund would appreciate it if Romania completed the privatization of state-run freight railway carrier CFR Marfa before deadline, set for mid-2015, an IMF official said more

5 nov 2013

Lowering social security contributions in Romania has not been considered in draft budget for 2014 as wages, pensions and public investments represent a priority and any fiscal relaxation on the labor more

5 nov 2013

The Bucharest stock exchange opened up Tuesday on rising liquidity secured mainly by investment fund Fondul Proprietatea (FP.RO). more

4 nov 2013

Romania’s government and the International Monetary Fund agreed on increasing the wage fund for resident physicians and teachers at the beginning of their career by 3% to 4% in 2014, people close to more

4 nov 2013

The Bucharest stock market closed up Monday on rising volumes, secured mainly by investment fund Fondul Proprietatea (FP.RO). more

4 nov 2013

Romania’s state revenue collections amounted to 17.09 billion lei (EUR3.85 billion) in October, up 7.38% compared with the similar interval a year ago and 2.66% higher than expected, tax authority more

4 nov 2013

Romanian oil and gas geophysical surveyor Prospectiuni (PRSN.RO) Wednesday will start prospecting for oil and natural gas in 13 localities in Timis county, western Romania, and expects to find a more

4 nov 2013

Evolution Prest Systems, owner of online retailer evomag.ro, expects sales of EUR15 million in 2013, up 30% on the year, fueled by a 35% increase in customer numbers and a wider product portfolio. more

4 nov 2013

Romania and Ukraine are the only Central and Eastern Europe countries which registered decreases in the value of real estate transactions in the first nine months of 2013, while Russia and Poland more

4 nov 2013

Romanian state-run postal company Posta Romana expects profit of 100 million lei (EUR23 million) in 2014, when it will also enter the insurance brokerage market, Ion Smeeianu, the general manager of more

4 nov 2013

Real estate developer Benevo, controlled by Canadian businessman Michael Topolinski, appointed Aviram Mor as vice-president and chief financial officer (CFO). more

4 nov 2013

The Bucharest stock exchange opened up about 1% Monday with most of the bourse’s turnover secured by investment fund Fondul Proprietatea (FP.RO). more

4 nov 2013

The Romanian leu weakened slightly against the euro in early session Monday and traded at around 4.45 units in quiet market and amid low volumes. more

1 nov 2013

Romanian state companies will continue to contribute 85% of their profit to the state budget in 2014, Minister-delegate for Energy Constantin Nita said Friday. more