7 aug 2013

Romanian group Grampet-GFR, controlled by businessman Gruia Stoica, said Wednesday it will participate in the privatization of Greece’s state-owned freight railway operator Train OSE. more

7 aug 2013

The Bucharest stock exchange opened down Wednesday and transfers with the shares of Erste Group Bank (EBS.RO) secured most of the bourse’s turnover. more

7 aug 2013

The local subsidiary of U.S. group Franklin Templeton Investment Management, which administers the EUR3.5 billion assets of Romanian investment fund Fondul Proprietatea, registered turnover of 36.7 more

7 aug 2013

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6 aug 2013

Romanian firm Muntenia Invest will downsize its staff by 36% to 45 employees before being taken over by regional investment fund SIF Crisana-Banat (SIF1.RO). more

6 aug 2013

The four Ibis hotels in Romania registered an occupancy rate of 55% in the first half of 2013, up 12% on the year, and 2% higher turnover. more

6 aug 2013

Romanian state-run postal company Posta Romana said Tuesday it wants to expand its portfolio and offer banking and financial services, and the project will be presented to banks between August 6 and more

6 aug 2013

U.S. giant Halliburton, one of the world’s largest oilfield services providers with turnover of $28.5 billion, employs 67 people in Romania and plans to increase staff to 100 people in the medium more

6 aug 2013

Garanti Bank Romania, a subsidiary of Turkey’s second largest bank Garanti Bankasi, appointed Cagri Memisoglu to the position of deputy general manager. more

6 aug 2013

Intesa Sanpaolo Bank Romania, the local unit of Italy’s Intesa Sanpaolo, signed an agreement with the Romanian Agency for Payments in Agriculture, or APIA, to provide financing to farmers that more

6 aug 2013

Romania’s leading oil and gas company OMV Petrom (SNP.RO) said Tuesday it set into operation in July a new natural gas desulfurization installation at its Petrobrazi refinery following an investment more

6 aug 2013

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5 aug 2013

Romanian mobile subscribers spend an average of 200 lei (EUR45) on smartphones and prefer devices using Android operating systems, according to EuroGsm data, one of the largest retailers in the local more

5 aug 2013

Romania’s leu inched up against the euro in morning session Monday and traded at about 4.42 units in quiet market. more

5 aug 2013

The Bucharest stock exchange opened slightly up Monday, similar to the main European markets, and investors focused mainly on Erste Bank (EBS.RO) and Fondul Proprietatea (FP.RO). more

5 aug 2013

New passenger vehicle registrations in Romania rose 17.8% in the first half of 2013 and new commercial vehicle sales inched up 0.1% compared with the similar interval a year ago, the country’s more

5 aug 2013

French group Groupama’s underwritten premiums in Romania fell 3% on the year to EUR83 million in the first six months on 2013. more

5 aug 2013

Romanian insurance company Allianz-Tiriac Asigurari, the third largest insurer locally, underwrote premiums worth EUR93 million on the general insurance segment in the first half of 2013, steady on more

5 aug 2013

Romanian insurer AXA Asigurari, the local subsidiary of French giant AXA, underwrote gross premiums worth 16.7 million lei (EUR3.7 million) in the first half of 2013, 10% higher on the year. more

5 aug 2013

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3 aug 2013

Romania builds less and less as the state drastically cuts funds for investments and private companies act cautiously and put off new projects. Some of the country’s largest construction firms more

2 aug 2013

Romanian oil transport company Conpet Ploiesti (COTE.RO) said Friday it registered net profit of 25.76 million lei (EUR5.8 million) in the first half of 2013, up 25.7% from RON20.49 million in the more

2 aug 2013

GDF Suez Energy Romania, a unit of French-Belgian utility GDF Suez, increased by 150 million lei (EUR34 million) to RON154 million the share capital of Buzau-based wind farm developer Alizeu Eolian, more

2 aug 2013

The Bucharest stock market closed up Friday, and the bourse’s liquidity was lifted by a handful of players, of which investment fund Fondul Proprietatea (FP.RO), Erste Bank (EBS.RO), BRD (BRD.RO), more

2 aug 2013

Hungarian pharmaceutical company Egis' sales in Romania rose 9% in the first nine months of fiscal year 2012-2013 to EUR13.9 million, thanks to the launch of new products. more