9 iul 2013

Romanian tractor maker IRUM Reghin is investing over EUR1.8 million in a 1.39-megawatt solar power park that might become operational at the end of August, Mircea Eugen Oltean, the general manager of more

9 iul 2013

Bucharest’s shopping centers Sun Plaza, Plaza Mall and Cocor registered aggregate loss of EUR27.5 million last year, higher than the combined profit of Baneasa Shopping City, Cotroceni Park, Unirea more

9 iul 2013

The management of Romanian state-owned airline Tarom is considering downsizing the company’s staff, lowering wages and eliminating flights to conflict zones, including Egypt, Tarom CEO Nicolae more

9 iul 2013

Retailer Mega Image, part of Belgian group Delhaize, registered profit of 46.7 million lei (EUR10.5 million) in Romania in 2012, 3.5 times higher on the year. more

9 iul 2013

Chinese IT&C equipment producer Huawei registered turnover of $249 million in Romania in 2012, about 10% higher on the year, and estimates its local turnover will increase to $260 million in 2013. more

9 iul 2013

The combined net assets of Romanian open-end investment funds climbed 2.3% on the month to 10.3 billion lei (EUR2.3 billion) in June, data from the local Association of Asset Managers, or AAF, showed more

9 iul 2013

The Romanian media and entertainment market will be the third fastest growing market in Central and Eastern Europe until 2017, with an average compound annual growth rate (CAGR) of 7.7%, according to more

8 iul 2013

Belgian company VCST inaugurated Monday a car part plant in Alba Iulia, central Romania, following an investment estimated at about EUR30 million. more

8 iul 2013

Lucian Vladescu has resigned as head of the Romanian procurement authority ANRMAP and will be replaced by Bogdan Dobrin. more

8 iul 2013

Managers who cause a firm to enter insolvency will have to cover partially or totally the debts registered by the firm from their own pocket and will not be allowed to run other companies for ten more

8 iul 2013

The European Bank for Reconstruction and Development is considering providing a EUR59 million loan to Spanish firm Inveravante Inversiones Universales to build a 54-megawatt wind farm in Galati, more

8 iul 2013

Romanian companies facing financial problems may file for insolvency only if their debts exceed 90,000 lei (over EUR20,000), and creditors may submit insolvency claims against debtors 30 days after more

8 iul 2013

Romanian paint and lacquer maker Köber registered net profit of about 13 million lei (EUR2.9 million) in 2012, up some 40% on the year, according to Trade Registry data. more

5 iul 2013

The Bucharest stock exchange closed up Friday and the bourse’s liquidity was low, at about EUR10.6 million. more

5 iul 2013

Over 41,500 Romanians visited the Danube Delta in 2012, down 2% on the year, and spent about EUR10 millions during their holiday here, the country’s statistics institute INS told Mediafax. more

5 iul 2013

Belgian software producer Cegeka, which entered the Romanian market in 2011, wants to hire 50 more IT specialists at its office in Bucharest and targets to increase staff to 265 people by the end of more

5 iul 2013

The average monthly income per household in Romania fell to 2,521 lei (EUR567) in the first quarter of 2013 from RON2,566 in the last quarter of 2012, while average monthly household expenses dropped more

5 iul 2013

The Bucharest stock market opened up Friday in quiet market and amid low volumes. more

4 iul 2013

The Bucharest Court rejected a request filed by U.S. company OmniTRAX to resume procedures for the privatization of state-owned freight railway carrier CFR Marfa. more

4 iul 2013

The Bucharest stock market closed slightly up Thursday amid low volumes, while the bourse’s liquidity was secured mainly by investment fund Fondul Proprietatea (FP.RO) and several special deals. more

4 iul 2013

Romania’s Competition Council has authorized the takeover of oil and natural gas equipment producer Lufkin by U.S. corporation General Electric (GE). more

4 iul 2013

Casa Rusu, the retail division of Timisoara-based furniture producer Rus Savitar, will open a store Friday in Piatra Neamt, eastern Romania, following an investment of EUR150,000, and estimates the more

4 iul 2013

Romanian construction material distributor Arabesque registered turnover of 1.906 billion lei (some EUR430 million) in 2012, down 3.8% on the year. more

4 iul 2013

Some 16,269,839 people of Romania’s entire population were aged 18 and over in October 2011, according to the final results of the population census conducted in 2011. more

4 iul 2013

Romania’s largest ethic minorities are Hungarians, with 6.5% of the country’s entire population, and Roma (3.3%), according to the final results of the population census conducted in 2011. more