21 aug 2013

Romania’s Financial Supervisory Authority, or ASF, Wednesday approved the appointment of Ludwik Sobolewski to the position of general manager of the Bucharest Stock Exchange, ASF vice-president more

21 aug 2013

Romania’s used car imports reached the highest level in three years in July 2013, when 26,800 units were imported, up 72% on the year, according to the data provided by the Driving License and more

20 aug 2013

Firms Rios Solar Renovables and Rios Total Solar, part of Spanish group Rios Renovables, which develops green energy projects in Romania, filed for insolvency at the beginning of August. more

20 aug 2013

The Bucharest stock exchange closed down Tuesday in a market that lacked vitality, while investment fund Fondul Proprietatea (FP.RO) remained in the spotlight and secured almost two thirds of the more

20 aug 2013

Israeli group GTC, which developed a network of four shopping centers in Romania under the Galleria brand, sold its mall in the northeastern city of Suceava on August 7. more

20 aug 2013

Austria’s Vienna Insurance Group (VIG) said Tuesday it conducted a goodwill impairment test targeting its Romanian operations, which resulted in an impairment of EUR75 million on the general more

20 aug 2013

Romanian pharmaceutical wholesalers Mediplus, Polisano and Farmexim and drug producers Europharm, Sandoz and Infomed Fluids were among the ten largest local medicine exporters last year, according to more

14 aug 2013

The Bucharest stock market closed up Wednesday and most of the bourse’s liquidity was secured by transfers with blue-chip stocks. more

14 aug 2013

Romanian rubber bands maker Artego Targu Jiu (ARTE.RO) Wednesday said its turnover fell 8.2% on the year to 84.28 million lei (EUR19.2 million) in the first half of 2013, but its net profit rose 65% more

14 aug 2013

Romanian steel maker COS Targoviste, former Mechel Targoviste, narrowed its loss to 19.3 million lei (EUR4.35 million) in the first half of 2013, from RON59.5 million in the similar interval a year more

14 aug 2013

Romanian port operator Socep Constanta (SOCP.RO) Wednesday said its revenues dropped 11.8% to 26.6 million lei (about EUR6 million) in the first half, from RON30.2 million in the similar interval a more

14 aug 2013

Romanian industry equipment maker Comelf Bistrita (CMF.RO) Wednesday reported turnover of 79.4 million lei (EUR18 million) for the first half of 2013, up 7% on the year, and lower profit, of RON1.4 more

14 aug 2013

Cement producer Holcim Romania, the local division of Swiss group Holcim, said Wednesday it has appointed Bogdan Dobre as sales and marketing manager, replacing Bulgarian Rossen Papazov, who has been more

14 aug 2013

Pharmaceutical company Zentiva Romania (SCD.RO) registered net profit of 28.3 million lei (EUR6.5 million) in the first half of 2013, up 33% on the year, and 15% higher sales of RON160.8 million. more

14 aug 2013

Romanian milling and bakery company Titan (MPN.RO) Wednesday said its turnover rose 17.8% in the first nine months of fiscal year 2012-2013 to 237.2 million lei (EUR53.6 million), from RON201.4 more

14 aug 2013

The Bucharest stock market was up in early trade Wednesday in quiet market, and the shares of investment fund Fondul Proprietatea (FP.RO) were on the rise and hit 0.704 lei (EUR0.159) per unit. more

14 aug 2013

Romanian electric and electronic equipment maker Electromagnetica Bucuresti (ELMA.RO) said Wednesday its turnover fell 7.26% on the year to 197.87 million lei (EUR45.05 million) in the first half of more

13 aug 2013

The Bucharest stock exchange closed up Tuesday and the bourse’s most active issuer Fondul Proprietatea (FP.RO) hit a new record high, of 0.7 lei (EUR0.158) per share, in a market with reduced more

13 aug 2013

Romania’s government will increase funding for this year’s edition of the state-guaranteed First Home mortgage lending program by extra 200 million lei (EUR45.2 million) for the acquisitions of more

13 aug 2013

Mobile operators Cosmote, Orange, RCS&RDS and Vodafone Romania want to bring to similar levels charges for calls made in different networks and for same-network calls. more

13 aug 2013

Solar cell and module producer China Sunergy has signed two contracts to supply solar modules with a total capacity of 9.9 megawatts to Spanish solar project developer Bester Generacion for its more

13 aug 2013

The Romanian financial leasing market shrank 16% on the year to EUR546 million in the first half of 2013 due mainly to lower new car sales, according to association of financial companies ALB Romania. more

13 aug 2013

Romanian oil and natural gas company OMV Petrom (SNP.RO) will turn a part of installations at its Arpechim refinery into a warehouse for crude oil, Petrom's chief executive officer Mariana Gheorghe more

13 aug 2013

Romanian bottled water wholesaler La Fantana will use the EUR34 million it recently borrowed from Erste Group Bank (EBS.RO) to finance current debts, pay out dividends to shareholders and for more

13 aug 2013

South-African investment fund New Europe Property Investments (NEP.RO), one of the most active real estate investors in Romania, attracted some EUR11.4 million through a new ordinary share issue. more