10 dec 2013

Tinmar Ind, the largest private electricity trader in Romania, posted revenues of over 1.2 billion lei (EUR270 million) in the first nine months of the year, 24% more than in the year-ago period. more

9 dec 2013

Financial group Banca Transilvania holds 11.91% in Romanian milling and bakery company Boromir Prod Buzau (SPCU.RO), controlled by businessman Constantin Boromiz. more

9 dec 2013

Romania’s European fund absorption rate reached 25.96% at the end of November, up 1.4 percentage points on the month, according to the Ministry for European Funds. more

9 dec 2013

Romanian road freight transporters have halted activity Monday in protest to the government’s decision to raise excises on fuels, Augustin Hagiu, representative of the National Road Confederation more

9 dec 2013

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9 dec 2013

The Romanian Government is preparing a set of measures aimed at restarting consumption for the beginning of next year. The measures will not affect budget resources, Budget Minister Liviu Voinea said more

9 dec 2013

Central bank governor Mugur Isarescu did not bring about the meeting last Tuesday between Romanian President Traian Basescu and Prime Minister Victor Ponta on the state budget and on the letter of more

9 dec 2013

Bankers have been demoted from among the top earners in the Romanian economy in 2012, after they had dominated the ranking of salary earnings during the years of economic growth. more

9 dec 2013

Dana Cortina, the current general manager of Porsche Holding’s retail unit in Romania, Porsche Inter Auto, will become general manager of Volkswagen Group Retail Spain (VGRS) as of February 1, 2014. more

9 dec 2013

Romania’s largest oil and gas company OMV Petrom (SNP.RO) operates the biggest local gas station network, and rivals Rompetrol, MOL and Lukoil either decided to fight it directly or strengthen more

8 dec 2013

U.S. energy company Chevron said Sunday it resumed shale gas exploration in Silistea-Pungesti, in the eastern county of Vaslui, after it suspended works Saturday in response to protests against more

7 dec 2013

U.S. energy giant Chevron has once again delayed plans to drill for shale gas at its field in Silistea-Pungesti, in the eastern county of Vaslui, in response to protests organized Saturday morning more

6 dec 2013

Foreign institutional investors’ holdings in Romanian investment fund Fondul Proprietatea (FP.RO) fell 3.25 percentage points to 54.25% at the end of November. more

6 dec 2013

The Bucharest Court sentenced Eugen Bradean, former trading manager with state-owned hydropower plant Hidroelectrica, to a three-year suspended jail term, in a corruption case. more

6 dec 2013

The Bucharest stock exchange closed undecided Friday, and most of the bourse’s liquidity came from transfers with the shares of Fondul Proprietatea (FP.RO), OMV Petrom (SNP.RO), BRD (BRD.RO) and more

6 dec 2013

The value of insolvent residential compound Silver Mountain in Poiana Brasov, central Romania, exceeds EUR80 million, firm EuroInsol, the court-appointed administrator of the project company, said more

6 dec 2013

Romania’s government wants to increase prospecting, exploration and exploitation fees in the mining industry by up to 3.9% this year and expects to collect extra 600,000 lei (EUR134,600) from the more

6 dec 2013

Romania’s state-run lender EximBank will grant a credit line of 100 million lei (EUR22.4 million) to postal operator Posta Romana, which will use the money to cover a part of its debts from cash more

5 dec 2013

Workers, managers and former employees of Romanian state-owned hydropower producer Hidroelectrica will be able to buy up to l0% of the new shares issued by the company after an 18.74% capital increase more

5 dec 2013

Company Martifer Solar, part of Portuguese group Martifer, has finished the construction of two photovoltaic parks in Romania. more

5 dec 2013

The Bucharest stock exchange rose insignificantly Thursday and the shares of Transgaz (TGN.RO) fell 3% to 184.6 lei a unit (EUR) after investment fund Fondul Proprietatea (FP.RO) said Wednesday it more

5 dec 2013

Romania’s government is trying to persuade oil companies not to hike fuel prices after an increase in fuel excises planned for next year, and offers to delay increases of the share of biofuels that more

5 dec 2013

Swedish fashion retailer H&M opened its 30th Romanian store in Galati Thursday, and the new 1,500-sqm unit is located in Galati Shopping City. more

5 dec 2013

About 64% of Romanians say they are stressed and price increases are the main cause of worry, according to a survey conducted by Daedalus Millward Brown. more

4 dec 2013

Romanian investment fund Fondul Proprietatea (FP.RO) appointed Citigroup Global Markets, Raiffeisen Capital & Investment and Wood & Company as advisors to evaluate its strategic options to sell a part more