24 oct 2013

Romanian state-run electricity and thermal power producer Electrocentrale Bucuresti (ELCEN) wants to borrow 200 million lei (EUR45 million) from banks to buy fuel for energy production between October more

24 oct 2013

Dutch brewer Heineken NV registered a significant decrease in sales in Romania in the third quarter of 2013 due to the country’s economic difficulties, which affected consumption, and unfavorable more

24 oct 2013

Insurers in Romania lose about EUR150 million annually, or 10% of the value of underwritten premiums, because of fraud, Bogdan Andriescu, head of national association of brokers UNSICAR, said more

24 oct 2013

Romanian regional investment fund SIF Muntenia (SIF4.RO) Thursday bought 3.2% (or 35 million shares) in medicine producer Biofarm (BIO.RO) for 10.67 million lei (EUR2.4 million). more

23 oct 2013

Romanian lender Banca Comperciala Romana (BCR), part of the consortium which brokers an initial public offering for 15% in state-run natural gas producer Romgaz, has called on the Bucharest Stock more

23 oct 2013

Romanian insolvent state-owned chemical plant Oltchim Ramnicu Valcea (OLT.RO) has appointed Marian Parvu as general manager, union leader Corneliu Cernev said Wednesday. more

23 oct 2013

One of the reasons why some shopping centers in Romania are facing difficulties is that they failed to keep pace with changes on the retail market and did not invest in modernization, Carmen Ravon, more

23 oct 2013

The Bucharest stock market closed undecided Wednesday and a special deal with 28.7% of the shares of medical drug producer Biofarm (BIO.RO) lifted the bourse’s turnover to 112 million lei (EUR25.2 more

23 oct 2013

Romania’s Transport Ministry has been allotted EUR1.3 billion in European funds to upgrade the railway linking Craiova to Calafat, a EUR400 million investment, and modernize 16 ports. more

23 oct 2013

Power distributors will ensure the electrification of households in over 2,200 remote villages and if investments have no economic justification, they will be co-financed by local authorities, more

23 oct 2013

Company Blue Air - Airline Management Solutions, which bought Romanian low-cost airline Blue Air in May, plans to buy two more aircrafts and increase its fleet to eight airplanes and estimates it will more

23 oct 2013

Romanian regional investment fund SIF Oltenia (SIF5.RO) Wednesday sold its entire stake (28.77%) in medicine producer Biofarm Bucuresti (BIO.RO) in a special deal worth 96.07 million lei (EUR21.6 more

23 oct 2013

The takeover by French group Auchan of Real hypermarkets in Targu Mures and Craiova (Romania), where the group almost hit a 40% market share, is conditional on observing several requirements, more

22 oct 2013

Romanian International Bank (RIB) will be taken over by Polish financial group Getin Holding, controlled by businessman Leszek Czarnecki, people close to the matter told Mediafax Tuesday. more

22 oct 2013

Romanian chemical plant Oltchim doubled turnover to EUR11.43 million in September 2013, from EUR5.6 million in the similar interval a year ago, the company’s court-appointed administrators said in a more

22 oct 2013

The turnover of Romanian medical drug distributor Mediplus, part of pharmaceutical group A&D Pharma, will increase over 10% this year, Robert Popescu, the group’s general manager, told Mediafax more

22 oct 2013

The Bucharest stock exchange closed down Tuesday and investment fund Fondul Proprietatea (FP.RO), which ended 0.25% higher, secured half of the bourse’s liquidity, of 18.4 million lei (EUR4 more

22 oct 2013

Parallel exports of medicines fell this year compared with 2012 and 30%-40% of parallel trade is made through retail drugstores engaged in wholesale distribution, according to the Association of more

22 oct 2013

Romania’s national roads authority CNADNR has signed the contracts to build the second and third sections of the Lugoj-Deva highway, which had been awarded in May. more

22 oct 2013

Smartphone sales exceeded feature phone sales for the first time in September and they might hit a record high in December, considering that mobile operators, retailers and producers are all focusing more

22 oct 2013

The shareholding structure of Romanian business software provider Total Soft will remain unchanged this year, while changes are likely to occur in the next years, Total Soft general manager Liviu more

22 oct 2013

The average price of computers is on the rise in Romania as most low-income consumers opt for tablets or smartphones, Bogdan Georgescu, channel account manager at Intel Romania, told ZF. more

22 oct 2013

Romanians are more optimistic regarding their country’s economic development this year and both their willingness to buy and income expectations increased in the third quarter of 2013 compared with more

21 oct 2013

U.S. energy giant Chevron will resume shale gas exploration in Pungesti commune, eastern Romania, when it is clear to everybody that the methods used by the company are the best, Chevron manager Tom more

21 oct 2013

Romanian telecom operator RCS&RDS will launch a 7-year bond issue on external markets on October 29, aiming to raise EUR350 million to refinance its current debts, people close to the matter told more