3 sep 2012

Romania's private pension system regulator CSSPP last week authorized the first stage of the merger between pension funds Pensia Viva, managed by Aviva Pensii, and Alico, managed by Alico Pensii, with more

3 sep 2012

Renault has appointed Cornel Olendraru to replace Jacques Eudeline as general manager of Uzina Mecanica si Sasiuri Dacia (UMCD), one of the group's factories in Romania. more

3 sep 2012

Romania may be allotted between EUR40 billion and EUR47 billion by the European Union for the 2014-2020 period, said Razvan Cotovelea, state secretary in the Ministry of European Affairs. more

3 sep 2012

Romanian employees are under more and more stress, the majority (63%) citing their personal financial situation as the cause, says a study by office supplier Regus. more

31 aug 2012

Bram Boon, former CEO of Romanian insurer ING Asigurari de Viata between 2004 and 2008, will return to lead the company, after Cornelia Coman took over the management of ING Asigurari de Viata si more

31 aug 2012

Romanian industrial electrodes maker Electrocarbon Slatina (ELNG.RO) reported sales of 104.3 million lei (EUR23.7 million) in the first six months of this year, up 37% from the RON76 million posted in more

31 aug 2012

Romania's uncultivated farmland may be larger next year, because 2012 was a tough year for agriculture, and the price of land may go down by as much as 30-40%, said former Agriculture Minister Valeriu more

31 aug 2012

The Romanian retail market is going through one of its most difficult times ever considering the talk about the exit of at least one of the largest companies with revenues of several hundred million more

31 aug 2012

Natsuo Ameniya, ambassador of Japan to Romania, told Ziarul Financiar on Thursday that incidents such as the murder of the Japanese young woman, who was first accosted in Bucharest’s Otopeni more

30 aug 2012

Romania's national roads administration CNADNR wants to buy technical and financial consultancy services, looking for ways to reduce the cost of the planned Targu Mures- Iasi highway, which currently more

30 aug 2012

Romania lost over 400,000 jobs and some 100,000 firms during the crisis, when the unemployment rate hit an 8-year high of 7.4%, according to a survey presented Thursday by the National Union Bloc more

30 aug 2012

Romanian oil and gas equipment maker Armax Gaz Medias (ARAX.RO) reported sales of almost 40 million lei (EUR9 million) in the first half of the year, down 8% from RON43.2 million in the same period more

30 aug 2012

Euro Insol, the administrator of Romanian state-owned power producer Hidroelectrica, has cancelled a contract for the purchase of energy from Electrocentrale Deva, which cost the insolvent company more

30 aug 2012

Romania has 37 companies in the Central European top 500 by turnover in 2011, according to a study by Deloitte. more

30 aug 2012

The Bucharest beltway, which should have been the main commercial route of the economic operators doing business in Bucharest, got only EUR3 million after the 2012 budget revision. That happened soon more

30 aug 2012

The biggest salary of a public sector employee is 11,248 lei (around EUR2,500) and is earned by a general manager within the Ministry of External Affairs. The employee earned 1.7 times more in March more

30 aug 2012

Lidl and Penny Market, the only two companies left on the local discount retail market, will have over 300 stores by yearend, 45 more than at the beginning of 2012. The two networks, which operate more

30 aug 2012

Romania now has green energy projects the size of the two Cernavoda nuclear reactors, after investments of over EUR2 billion. more

29 aug 2012

Greek group Sarantis, owner of cosmetics producer Elmiplant, announced its revenues from Romanian operations dropped by 8.8% in the first half of 2012, to EUR15.8 million, from EUR17.35 million in the more

29 aug 2012

Romanian aircraft repairs and maintenance company Romaero Bucuresti (RORX.RO) reported 11.8% higher revenue in the first half of 2012, at 49.1 million lei (EUR11 million), from RON43.9 million during more

29 aug 2012

Euro Insol, the administrator of Romanian state-owned power producer Hidroelectrica, has cancelled a contract for the purchase of energy from the Paroseni thermal plant, which cost the insolvent more

29 aug 2012

Generali, a top ten company on the insurance market, will stop selling policies under the Ardaf brand and will use one network branded as Generali. It also plans to close a number of branches and more

29 aug 2012

Romanians set 5.3 billion (EUR1.2 billion) aside for investments in mutual funds. The richest of them chose euro-denominated mutual funds, while those with less money were more willing to take a more

29 aug 2012

The share of budget revenues in the gross domestic product has been adjusted as part of the budget revision from 33.9% to 32.3%, according to information sent by the Finance Ministry. more

29 aug 2012

Florea Diaconu, the businessman who owns Bucharest-based construction company Delta ACM 93, expects revenue to increase slightly this year, mainly because of a contract to build a highway in Iraq. more