12 nov 2012

The employees of Oltchim Ramnicu Valcea will receive half of their back wages for September until November 15, while the other half will be paid by November 27, according to the plant’s management. more

12 nov 2012

Romanian chemical plant Chimcomplex Borzesti (CHOB.RO) on Monday reported revenues of 154.3 million lei (EUR34.13 million) in the first nine months of 2012, up 5.7% compared with RON146 million during more

12 nov 2012

The Bucharest stock market closed down Monday, amid traded values much lower than Friday, when special deals lifted the bourse’s liquidity to a 21-month high. more

12 nov 2012

Romanian Bucharest Court approved Monday the general insolvency procedure of Adevarul Holding, which owns several magazines, tabloids or newspapers, including Adevarul daily. more

12 nov 2012

The number of the Romanian families getting social aid was 2.1% higher in January-September compared with the same period a year before, according to an analysis of the Labor Ministry. more

12 nov 2012

The 41 banks in Romania posted an overall loss in the first nine months of this year, although the results represent an improvement on the EUR192 million-loss recorded in the first half of the year. more

12 nov 2012

Protruck Center, a dealer of Iveco commercial utility vehicles and New Holland construction equipment in Romania, is considering bringing a strategic investor onboard, said the company’s majority more

12 nov 2012

The second generation of the low-cost model initially designed for emerging markets in Eastern Europe and North Africa, Logan, will account for one third of Renault’s annual production of 2.7 more

12 nov 2012

Construction work on highways and national roads is late because construction companies don’t have enough personnel and equipment for their projects, according to an analysis of the Prime more

12 nov 2012

The local fashion retail is radically different than it was three years ago as a result of the difficult economic environment and of the many changes of market actors. more

12 nov 2012

Bucharest could have a new modern business center in the Barbu Vacarescu-Floreasca area, which could turn into an area to be avoided by drivers because of heavy traffic. more

11 nov 2012

The bulk or EUR505 million or a total of EUR515 million European Union’s funds absorbed in 2011 are suspected of fraud, said Catalin Ivan, the head of the Social Democratic PSD eurodeputies more

10 nov 2012

The volume of foreign direct investments in 2012 will be lower or equal to a year before, at EUR1.9 billion, while the forecast for 2013 is more optimistic driven by investments in the energy sector, more

10 nov 2012

The Romanian Government aims to outsource the evaluation and development operations of the European Union’s-funded projects, Premier Victor Ponta said Saturday. more

10 nov 2012

Romanian state-owned airline Tarom Saturday said that all the company's flights will operate according to schedule, denying any information from the media on a possible general strike in the upcoming more

9 nov 2012

Romanian electric engine maker Electroputere Craiova (EPT.RO) Friday said it registered losses of 26.4 million lei (EUR5.84 million) in the first nine months, halved compared with RON48.9 million more

9 nov 2012

The setting up of a new agreement with the International Monetary Fund IMF would strengthen investors’ confidence during a difficult period, representing "good news" for the financial markets, more

9 nov 2012

Drug producer Zentiva Romania (SCD.RO) Friday announced its profit dropped by 22.4% in the first nine months, to 32.54 million lei (EUR7.3 million), from RON41.94 million during the same period a year more

9 nov 2012

Romania may lose European funds of EUR1.26 billion in 2012, through Sectorial Operational Program Increase of Economic Competitiveness (POS CCE), unless attracting eligible projects co-financed by the more

9 nov 2012

Cement maker Lafarge Romania, a unit of French group Lafarge, Friday said it posted 5.9% higher cement sales in the first nine months compared with a year before, driven by a positive trend across all more

9 nov 2012

The Romanian government’s regulatory policies and the economic and technological development will play a key role in the future of the local telecom industry over the next year, according to more

8 nov 2012

Romania’s regional investment fund SIF Muntenia (SIF4.RO) reported 2.2-fold higher revenues in the first nine months, to 167.88 million lei (RON37.8 million), mainly due to the sale of the last of more

8 nov 2012

Romanian insurer Astra Asigurari (ATRA.RO) Thursday said its underwritten premiums totaled 788.67 million lei (EUR175.33 million) in the first nine months, down 9.4% from the same period a year more

8 nov 2012

The Bucharest stock market closed down Thursday, on lower traded values mainly ensures by transactions with Fondul Proprietatea (FP.RO). more

8 nov 2012

Austrian Post Group, the national post office services company in Austria, Thursday said it fully took over Postmaster Bucuresti, after buying the 74% it did not own in the company. more