28 nov 2012

The Tenaris group, one of the world’s largest producers of pipes, wants to invest EUR80-90 million next year into expanding its facilities in Romania, says Gabriel Podskubka, head of Eastern more

27 nov 2012

Romanian construction materials market for real estate compound development will not increase in 2013 either, as there is no reason for a positive flow, according to Liviu Stoleru, general manager more

27 nov 2012

The Bucharest Court on Tuesday sentenced Mihai Toader, former general manager with Romania’s national postal company Posta Romana, to six years in prison in the file on the post office’s land. more

27 nov 2012

The Bucharest stock market closed higher Tuesday, with the shares of OMV Petrom (SNP.RO) down 1.4%, influenced by the rumor according to which an investor aims to sell a large stake in the company. more

27 nov 2012

Retailer cora Romania opened Tuesday a new shopping center in the capital city Bucharest, following an investment of EUR47 million. more

27 nov 2012

The Bucharest stock market opened slightly lower Tuesday morning, amid average traded values. more

27 nov 2012

The Romanian leu traded around 4.51 against the euro in early trade Tuesday, mirroring regional currencies, on higher transferred volumes. more

27 nov 2012

US company Xerox has opened a center for IT services and company support services in the eastern city of Iasi, which will hire 500 people by the end of 2013, 100 of whom will be employed this year. more

27 nov 2012

Ioan Niculae, owner of the InterAgro group, will open five Bif-branded gas stations next year in the town of Zimnicea, where the group’s headquarters is located. more

26 nov 2012

Romanian MKB Romexterra Leasing will discuss in stockholders’ meeting December 28 to increase its share capital by 14.08 million lei (EUR3.1 million), to almost RON33.26 million, through more

26 nov 2012

The Bucharest stock market closed lower Monday, with traded values mainly supported by trades with shares of Fondul Proprietatea (FP.RO), as well as BRD (BRD.RO) and Banca Transilvania (TLV.RO). more

26 nov 2012

Romania’s Economy Ministry received five bids for consultancy in the selection of members with state-owned companies’ Board of Directors and Surveillance Councils. more

23 nov 2012

Romania’s President Traian Basescu said Friday in Brussels EU direct payments to Romanian farmers will increase by at least EUR5 billion in 2014-2020 to about EUR11.5 billion. more

23 nov 2012

The Bucharest stock market closed higher Friday, with investors playing cautious and the share trades touching a four-week low. more

23 nov 2012

Romanian Court of Cassation and Justice on Thursday definitively sentenced Omar Hayssam to 16 years in prison for having embezzled four companies with EUR1.6 million. more

23 nov 2012

Romanian forests have been very attractive for foreign investors, with the top ten owners by area reaching 134,000 ha, or 2% of the total forest area in the country, according to Business Construct more

22 nov 2012

The Bucharest stock market closed down Thursday, but the interest remained reduced with the share trading figures touching a three-week low. more

22 nov 2012

Romanian pipe distributor Comtech Co forecasts 20% higher sales in 2013, at EUR32.5 million, following EUR5 million investments in new unit of polyethylene insulation of oil and gas transport pipes, more

22 nov 2012

Real estate developer AFI Europe, the owner of the AFI Palace Cotroceni Bucharest, collected EUR19.1 million from rents in the mall in January to September, up 10% from EUR17.37 million during the more

22 nov 2012

Romania must exploit shale gas if geological prospecting indicates the existence of significant reserves, said Gerhard Roiss, chief executive officer of Austrian oil and gas group OMV. more

22 nov 2012

The Romanian leu traded slightly below 4.53 against the euro Thursday morning, amid low traded values. more

22 nov 2012

The Bucharest stock exchange was flat in early trade Thursday, amid very low traded values. more

22 nov 2012

Swiss billionaire Andreas Henry Zivy, owner of the Ameropa group, was present this week in Bucharest for the 50-year anniversary of chemical fertilizers producer Azomures Targu-Mures (AZO.RO), which more

22 nov 2012

Ziarul Financiar on Thursday launches the seventh edition of the “Top 100 most valuable companies in Romania” yearbook put together in collaboration with investment boutique Capital Partners. more

21 nov 2012

Romanian chemical fertilizer maker Azomures (AZO.RO) aims to change its business strategy over the next three years, increasing the fertilizers production supplied on the local market from 30% to more