26 iun 2013

The Romanian subsidiary of U.S. company Hewlett-Packard (HP), one of the world’s largest IT solutions providers, registered turnover of EUR77.1 million in 2012, up 11% on the year, according to more

25 iun 2013

Small and medium-sized firms (SMEs) in Romania must change their business model, a measure more important and urgent than in the case of banks, as they are essential to the economy, Aurel Saramet, the more

25 iun 2013

Average office space rents in Bucharest range between EUR7.69/square meter per month and almost EUE13/sqm/month, and the cheapest offers are available in the eastern parts of the capital, according to more

25 iun 2013

The price of electricity will rise following Romanian authorities’ recent decision to limit state support for producers of renewable energy, Zoltan Nagy-Bege, member in the executive board of more

25 iun 2013

Retailer Mega Image, part of Belgian group Delhaize, will open two Shop&Go stores Wednesday, in Brasov and Bucharest, expanding its local network to 228 units. more

25 iun 2013

The Bucharest stock exchange opened down Tuesday, while investment fund Fondul Proprietatea (FP.RO) was again the most attractive issuer. more

25 iun 2013

Romania’s leu gained ground against the euro Tuesday morning and traded below 4.51 units on reduced volumes. more

25 iun 2013

ExxonMobil Exploration and Production Romania and oil company OMV Petrom (SNP.RO) completed a large 3D seismic survey in the Black Sea covering over 6,000 square kilometers in the deepwater area of more

25 iun 2013

Romanian insurer ING Asigurari will pay dividends worth 23.8 million lei (EUR5.3 million) from the profit registered in 2012, up 72% on the year, to its majority shareholder, ING Continental Europe. more

25 iun 2013

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24 iun 2013

The privatization of Romanian state-owned companies has definitely not been a perfect process and Romania must focus on attracting more international investors, UK Ambassador to Bucharest Martin more

24 iun 2013

Tarom’s chief executive officer Nicolae Demetriade said Monday there is no chance the state-owned airline, which registered loss of 64 million lei (EUR14 million) in January-May, will switch to more

24 iun 2013

Austria’s Erste Group Bank (EBS.RO) will increase its share capital by about EUR660 million to fully redeem participation capital of EUR1.76 billion, the lender said in a statement Monday. more

24 iun 2013

About 1,164 Romanian firms defaulted on their debts in May and the number of insolvencies reached some 7,100 in the first five months of 2013, down 4.5% on the year, according to Trade Registry data. more

24 iun 2013

The mandate of Christian Heinzmann as general manager of Romanian state-owned airline Tarom has been shortened from four to one year. more

24 iun 2013

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23 iun 2013

Hungarian group Danubius Hotels registered loss before taxation of HUF23 million (340,000 lei) in Romania in the first quarter of 2013, down one third on the year, as revenues increased 13% supported more

23 iun 2013

Winemakers in Romania felt the evolution of the wine market differently last year, as not all segments saw growth. more

21 iun 2013

Romania’s Finance Ministry has proposed 12 candidates for five positions of member in the Managing Board of state-owned natural gas transporter Transgaz (TGN.RO). more

21 iun 2013

The Bucharest stock exchange closed down Friday, while several special deals and transfers with the shares of investment fund Fondul Proprietatea (FP.RO) secured most of the bourse’s liquidity. more

21 iun 2013

Electricity prices for households and nonindustrial consumers in Romania will fall by an average of 1.3% starting July 1, the country’s energy market regulator ANRE said Friday. more

21 iun 2013

Romania’s government will negotiate with the International Monetary Fund a special wage system for public servants involved in attracting European funds, which will use both national and EU money, more

21 iun 2013

Romania will set up agriculture mutual funds to take up risks insurers do not cover, according to an emergency ordinance approved by the Government Wednesday. more

20 iun 2013

Romanian’s government could not set conditions regarding the staff freight railway carrier CFR Marfa must keep for several years after privatization and is drafting a decision whereby about 1,000 more

20 iun 2013

Transilvania Leasing IFN Brasov has received approval to be listed on the Bucharest bourse’s alternative trading system and becomes the second Romanian firm present on this segment. more