30 oct 2013

The problem of tax evasion is systemic and has been perpetuated over time, affecting budget revenue collection. It has also affected honest companies, which have to compete against many players who more

30 oct 2013

Demand from small investors for the shares of gas producer Romgaz, the largest company that is still state-run, overshot the 1 billion lei (EUR225 million) mark on Tuesday, according to the publicly more

30 oct 2013

Interests on leu loans are close to matching the foreign currency loan rates, now that the three-month ROBOR, which banks use as a reference when deciding how much to charge for most leu-denominated more

29 oct 2013

NIS Petrol Romania, indirectly controlled by Russian group Gazprom, wants to increase its number of gas stations in Bucharest and near the capital to 20-25 by the end of 2015. more

29 oct 2013

Romanian cosmetics producer Farmec registered turnover of 105 million lei (EUR23.6 million) in the first nine months of 2013, up 16% on the year. more

29 oct 2013

The Romanian debt collection market rose 18% in the first half of 2013 to EUR747 million, from EUR615 million in the similar interval a year ago, the Debt Management Service Association (AMCC) said more

29 oct 2013

Romania is the world’s 11th largest wine producer considering this year’s yield, according to the International Organization of Vine and Wine (OIV). more

29 oct 2013

The Romanian unit of Gras Savoye, one of the world’s largest insurance brokers, has appointed Anca Roscaneanu as general manager. more

29 oct 2013

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29 oct 2013

Contracting authorities last year awarded contracts worth a total of EUR15 billion through the electronic public procurement system (SEAP) - 103,911 contracts granted to a total of 9,268 companies, more

29 oct 2013

RCS&RDS, one of the largest telecom operators in Romania, has sold EUR450 million worth of secured bonds on the international markets at a 7.5% yield, the lower end of the indicative yield range, more

28 oct 2013

Romanian state-run electricity and thermal power producer Electrocentrale Bucuresti (ELCEN) registered gross profit of 250.4 million lei (EUR56.7 million) in the first nine months of 2013, 8.3 times more

28 oct 2013

Immofinanz, NEPI, CA Immo, RREEF, IGD, Argo Real Estate and Globalworth have been the most active real estate investors in Romania over the past ten years with transactions worth EUR2.4 billion, or more

28 oct 2013

The Bucharest stock exchange opened down Monday, unlike the main European markets, and the bourse’s liquidity amounted to only 2 million lei (EUR0.45 million), with RON1.5 million secured by more

28 oct 2013

Romanian state-run nuclear power producer Nuclearelectrica Sunday afternoon shut down reactor 1 at its nuclear power plant in Cernavoda due to a command and control system malfunction. more

28 oct 2013

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28 oct 2013

A team of Romanian programmers in Iasi (NE Romania) is developing software to be used by the Dutch Government to collect taxes, says Karim Henkens, the global CEO of Dutch company Centric IT more

28 oct 2013

September completed the picture of a budget execution centered on fulfilling the electoral campaign obligations of the Social-Liberal Union, in total disregard for the dire need for investments of the more

28 oct 2013

The interest rate has become an accessory in the business of lending to companies, with the key aspect being banks’ confidence they will recoup their money, says Cristian Sporis, executive more

28 oct 2013

Green power producers and especially owners of wind and solar farms already have EUR45 million to recover for the three months since the government changed its support scheme. They will get the money more

28 oct 2013

Grain trader Alfred Toepfer is building an 18,000-ton silo in Harsova, Constanta County (SE Romania) in a EUR2.5-3 million investment, according to ZF’s calculations. more

28 oct 2013

Banks’ supremacy on the market of government bonds is about to end after local clients of government bonds, who include pension funds, as well as foreign clients have boosted their portfolios to more

28 oct 2013

Developing a clean manufacturing business in Romania has become impossible now, says Elena Cremenescu, who founded cosmetics producer Elmiplant together with her husband more than twenty years ago. more

27 oct 2013

Romanian state-run nuclear power producer Nuclearelectrica Saturday restarted the second reactor at its nuclear power plant in Cernavoda after transformer overhaul. more

27 oct 2013

The shareholders of Romania’s monetary and commodities exchange Sibex replaced three of the five members of the Executive Board, people close to the matter said Sunday. more