16 ian 2013

The Bucharest stock exchange closed higher Wednesday, in low liquidity. more

16 ian 2013

Romania's cohesion and structural fund absorption increased to 11.47%, or EUR2.204 billion, at the end of December 2012, from 9.72% in the previous month, in terms of payments from the European more

16 ian 2013

Germany’s Conergy Wednesday said it will enter the Romanian market by opening a photovoltaic park of 2.2 MW near the southern city of Craiova, in partnership with Solanna Investment. more

16 ian 2013

The budget of Romania’s largest bank BCR in 2013, which is set to be approved by the General Shareholders’ Meeting on January 23rd, provides for a profit at the end of the year, although the more

15 ian 2013

The Bucharest stock exchange closed lower Tuesday, for the second time in the last 20 sessions, while lender Carpatica (BCC.RO) mirrored the market trend and ended down 0.87% after the increase during more

15 ian 2013

Romania’s Government wants to apply a pilot-project to lower VAT on bread from 24% to 9% as of the second half of 2013, aiming to reduce the tax evasion, Agriculture minister Daniel Constantin said more

15 ian 2013

Romanian investment fund Fondul Proprietatea (FP.RO) registered a net profit of 566.98 million lei (EUR127 million) in 2012, up 4.2% from RON543.82 million a year before. more

15 ian 2013

The Romanian leu opened flat against the euro on Tuesday morning, in a quiet market, touching an early low at 4.3935 units. more

15 ian 2013

The Bucharest stock market opened lower Tuesday, amid low traded volumes. more

15 ian 2013

Inditex, the world’s largest fashion group, produces over eight million clothing and footwear items under contract in Romania per year, i.e. 1% of its production worldwide. more

15 ian 2013

Cluj County Council says it is in advanced talks with a multinational company that plans to invest EUR1 billion in a production facility in industrial park Tetarom III in Jucu (Cluj county), where the more

14 ian 2013

The Bucharest stock exchange closed higher Monday, with lender Carpatica (BCC.RO) ending up over 10% after the decrease during the last two sessions when some of the investors marked up their profits. more

14 ian 2013

Romanian milling and bakery company Titan (MPN.RO) Monday reported a loss of 6.4 million lei (EUR1.4 million) in fiscal year 2012 ended September 30, one third higher than the preliminary results. more

14 ian 2013

Mihai Ghyka will step down as Chief Commercial Officer of Consumer Business Unit with telecom operator Vodafone Romania from end-February, the company said in a statement Monday. more

14 ian 2013

Romania ranks third among the most attractive five markets for realty investors in Central Europe CE in 2012, by real estate investment value, according to a survey of real estate consultancy company more

11 ian 2013

Foreign investors increased their holdings in Romanian investment fund Fondul Proprietatea (FP.RO) to 52.2% in December, from 51.88% a month earlier, the fund said in a statement Friday. more

11 ian 2013

The Bucharest stock exchange closed higher Friday, amid increasing liquidity and with lender Carpatica (BCC.RO) ending down 3.35% on some of the investors marking up their profit after three sessions more

11 ian 2013

The Romanian Government will amend insolvency law in 2013, on being disputed by the investors which claim it is detrimental to the fair companies, minister delegate for small and medium-sized more

10 ian 2013

The Bucharest stock exchange closed higher Thursday, with the general index BET-C touching an 8-month high, while lender Carpatica (BCC.RO) slightly decreased after three sessions of boost. more

10 ian 2013

Discount retail chain Penny Market XXL, part of Germany’s Rewe group REWE, was renamed XXL Mega Discount of of Thursday, providing a wide range of products and services, the group said in a more

10 ian 2013

Romanian insurer Astra Asigurari Thursday said it named Marinela Grigore, former director with KPMG Romania, as financial manager, replacing Carmen Gheorghe whose mandate expired. more

10 ian 2013

The cases of large Romanian companies going insolvent will increase in 2013, especially in industry, as banks can no longer roll over bad loans due to the weak economic performance, according to Euro more

10 ian 2013

Romania’s insolvent power producer Hidroelectrica Thursday said it leased 3,200 square meters in the office building Tower Center International in Bucharest's Victoriei Square, being the first more

10 ian 2013

The Bucharest stock market opened undecided Thursday, with the shares of lender Carpatica (BCC.RO) on an increasing trend for the third session in a row. more

10 ian 2013

A&D Pharma, the largest local pharmaceutical group, could reach EUR1 billion in consolidated revenue “in two or three years at most”, says its chief executive officer Robert Popescu. more