13 dec 2012

China's Suntech Power Holdings Co., one of the world's largest solar panel producer, will supply Italy's SunSystem photovoltaic panels with a total capacity of 25 MW for the construction of two more

13 dec 2012

Several investors are interested in drugmaker Labormed, one of the few acquisition targets on the Romanian pharmaceutical market, as integration into an international giant could open up a new more

13 dec 2012

Automotive component makers continued to hire and invest this year, a trend that started in 2011, in order to develop the business on the local market. more

13 dec 2012

The market value of major soft drinks bottler Coca-Cola HBC Romania, the largest soft drinks bottler on the Romanian market, was valued at EUR414 million this year, down 20% against last year, more

12 dec 2012

Romania’s Unifarm will increase its share capital by up to EUR1 million in order to purchase oncologic drugs in a special regime, Health Minister Raed Arafat said Wednesday. more

12 dec 2012

The Bucharest stock market closed in the green Wednesday, amid high traded values mainly ensured by transactions with the five regional investment funds SIFs, Fondul Proprietatea (FP.RO) and OMV more

12 dec 2012

The Romanian Government approved in Wednesday meeting an increase of local taxes and duties by up to 16.05% in 2013. more

12 dec 2012

German retailer Lidl will open one new store Thursday in the northwestern town of Cluj-Napoca, expanding its Romanian network to 155 units. more

12 dec 2012

Italian-held construction company Astaldi, which built the Basarab Overpass and the National Arena stadium in Bucharest as well as the Cernavoda-Constanta highway, expects EUR150 million revenues on more

12 dec 2012

US-held Emerson has recruited about 600 people for its plants in the Tetarom II industrial park in Cluj (NW Romania), where it currently employs 1,500 people. more

12 dec 2012

The 6 percent gap between the interest rate on loans in the Romanian currency and that on loans in euros is too high for large companies, which means that even companies who do business exclusively in more

11 dec 2012

Romania’s Finance Minister Florin Georgescu will return to the Central Bank BNR at the end of the Governmental mandate, BNR governor Mugur Isarescu said Tuesday. more

11 dec 2012

Romanian Premier Victor Ponta said Tuesday the draft emergency ordinance on setting up the Financial Supervisory Authority ASF will be presented Wednesday in Government meeting and will remain under more

11 dec 2012

The general manager of Romanian state-run oil transporter Conpet Ploiesti (COTE.RO), Nicolae Alexandri, resigned Monday after being elected deputy in Prahova county from the Ruling Coalition USL. more

11 dec 2012

Romania’s insolvent energy producer Hidroelectrica resumed the international bid for the technological upgrade of Stejaru plant in the northeastern county of Neamt, a project of EUR110 million more

11 dec 2012

Romania’s leu closed weaker against the euro on Tuesday, touching a day’s low at 4.5450 units, some dealers suspecting hard euro demand came from importing companies. more

11 dec 2012

Romania’s Administration of Navigable Canals aims to assign upgrade works between 722.2 million lei (EUR159.4 million) to RON866.6 million, VAT excluded. more

10 dec 2012

The Bucharest stock exchange ended slightly down Monday, amid average traded values mainly ensured by Fondul Proprietatea (FP.RO) and SIF Transilvania (SIF3.RO). more

10 dec 2012

ING Bank Romania will grant household mortgage loans only in lei as of January 1, 2013, due to the risk of taking a loan in foreign currency while people’s income is earned in local currency, the more

10 dec 2012

The major criteria in looking for a new home in Romania’s capital city Bucharest are the price and the completion stage, with the neighborhood or area having a lesser role, so that the most searched more

10 dec 2012

The Bucharest stock market inched higher in early trade Monday, while the overall traded value remained low. more

10 dec 2012

Dutch-held insurer Eureko has to pay EUR6.6 million in damages to a Sibiu-based company for an insurance policy covering transported goods, one of the biggest compensation payments in the history of more

10 dec 2012

Winemakers started December in full gear, a month that generates the highest sales of the year for them as for the entire fast moving consumer goods industry. more

10 dec 2012

Laurentiu Lupusor, general manager of construction materials producer Baumit Romania, says 2012 was a difficult year, with low investments in construction, while political turmoil led to the more

10 dec 2012

Jardan Lapte Company (JLC), the leading dairy company in the Republic of Moldova owned by businessman Vladimir Jardan, will acquire control of insolvent dairy producer Prodlacta Brasov (PRAE.RO), as more