27 oct 2013

Toshiba Transmission and Distribution, a subsidiary of Japanese corporation Toshiba, is building two photovoltaic parks in Brasov county, central Romania, for Luxembourg-based Energreen Investment more

26 oct 2013

Romania’s consolidated budget posted a deficit of 8.1 billion lei (EUR1.81 billion) in the first nine months of 2013, equal to 1.3% of the gross domestic product, Finance Ministry data showed more

25 oct 2013

Romanian regional investment fund SIF Transilvania (SIF3.RO) registered 20% higher revenues in the first nine months of 2013, of 342.09 million lei (EUR77.6 million), and the increase was fueled by more

25 oct 2013

The Bucharest stock exchange closed up 0.16% Friday and its top-trade issuers, Erste Group Bank (EBS.RO) and regional investment fund SIF Oltenia (SIF5.RO), secured half of the bourse’s liquidity, more

25 oct 2013

Romania’s Government decided Friday the country will contribute over EUR8.1 million to the operational programs carried out by the European Space Agency (ESA). more

25 oct 2013

Romania will be able to attract investors provided it creates the right environment, as being part of the European Union is not enough, U.S. expert on transatlantic economy Joseph Quinlan said Friday. more

25 oct 2013

Romania’s Government will revise down the state budget for 2013 at this year’s second revision scheduled for end-October, as revenues are 3.8 billion lei (EUR0.85 million) lower than expected, more

25 oct 2013

Romania’s Government will seek a confidence vote in Parliament in mid-November to pass a bill on the decentralization of public administration, Prime Minister Victor Ponta said Friday. more

25 oct 2013

Asirom, a top ten insurer, wants to balance its portfolio by growing less reliant on auto liability policies and emphasizing more profitable segments such as home or life insurance policies,” says more

25 oct 2013

Almost all stock exchange analysts not involved in brokering the initial public offering for 15% in Romgaz, believe the shares of the Romanian state-run gas producer are attractive, at least at the more

24 oct 2013

Romania will revise down its state budget for 2013 at this year's second budget revision, which is scheduled for end-October, Prime Minister Victor Ponta said Thursday. more

24 oct 2013

Transavia, the largest poultry meat producer in Romania, reached full development and may further expand only through acquisitions or investments started from scratch, Ioan Popa, owner and general more

24 oct 2013

The Bucharest Stock Exchange extended trading hours for an initial public offering for 15% in state-run natural gas producer Romgaz at the request of lender Banca Comerciala Romana (BCR), part of the more

24 oct 2013

The Bucharest stock exchange closed up 0.67% Thursday and a 10.67 million lei (EUR2.4 million) deal with 3.2% of the shares of medical drug producer Biofarm (BIO.RO) lifted the bourse’s turnover to more

24 oct 2013

Insurers in Romania lose about EUR150 million annually, or 10% of the value of underwritten premiums, because of fraud, Bogdan Andriescu, head of national association of brokers UNSICAR, said more

24 oct 2013

Romanian regional investment fund SIF Muntenia (SIF4.RO) Thursday bought 3.2% (or 35 million shares) in medicine producer Biofarm (BIO.RO) for 10.67 million lei (EUR2.4 million). more

24 oct 2013

Businessman Valer Blidar, one of the few industrialists of Romania, who owns railcar maker Astra Vagoane Calatori in Arad, has recently won a contract worth about EUR73 million to supply railcars to more

24 oct 2013

Generating electricity at the point of consumption through solutions such as solar panels installed on rooftops could be a new driver of growth for renewable energy, but for now only companies stand more

24 oct 2013

Tomas Andrascik came to Romania less than a year ago to run the Procter&Gamble plant in Timisoara (W), after having spent more than fifteen years in subsidiaries in the Czech Republic, Russia, more

23 oct 2013

Romanian lender Banca Comperciala Romana (BCR), part of the consortium which brokers an initial public offering for 15% in state-run natural gas producer Romgaz, has called on the Bucharest Stock more

23 oct 2013

Romanian insolvent state-owned chemical plant Oltchim Ramnicu Valcea (OLT.RO) has appointed Marian Parvu as general manager, union leader Corneliu Cernev said Wednesday. more

23 oct 2013

One of the reasons why some shopping centers in Romania are facing difficulties is that they failed to keep pace with changes on the retail market and did not invest in modernization, Carmen Ravon, more

23 oct 2013

Romania’s Transport Ministry has been allotted EUR1.3 billion in European funds to upgrade the railway linking Craiova to Calafat, a EUR400 million investment, and modernize 16 ports. more

23 oct 2013

Power distributors will ensure the electrification of households in over 2,200 remote villages and if investments have no economic justification, they will be co-financed by local authorities, more

23 oct 2013

Company Blue Air - Airline Management Solutions, which bought Romanian low-cost airline Blue Air in May, plans to buy two more aircrafts and increase its fleet to eight airplanes and estimates it will more