18 oct 2013

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18 oct 2013

Foreigners are more confident in Romania’s development potential than Romanians themselves, Viscount Etienne Davignon, chairman of financial group Bilderberg, said in Bucharest Thursday. more

18 oct 2013

Last week’s visit by French group Renault head Charlos Ghosn in Romania highlighted again the competitiveness of the plant in Mioveni compared with the plant in Tangiers, Morocco, where Renault more

18 oct 2013

Farmec Cluj, a Romanian company that has been manufacturing cosmetics for more than a hundred years is competing with multinationals and exporting to 35 countries throughout the world. In the last more

18 oct 2013

No new highway construction site has been inaugurated since the beginning of the year, while auctions for new projects are postponed. Chances are slim for work on a new highway to start before the end more

17 oct 2013

The European Commission has approved the European Union’s infrastructure policy for 2014-2020 and two of the nine key transport corridors included in the strategy take in Romania, which may get more

17 oct 2013

Audit and consulting firm PwC plans to invest $60 million in Central and Eastern Europe (CEE) in the next three years, aiming to enhance industry and specialist expertise and strengthen its market more

17 oct 2013

Greek cosmetics group Sarantis, which plans to shut down its Elmiplant cosmetics factory in Romania, said Thursday it will move to Greece only a small part of its business in Romania, which will more

17 oct 2013

Firm Green Vision Seven, indirectly controlled by Chinese solar panel supplier Hareon, will finish the construction of an 82-megawatt photovoltaic park in Brasov county, central Romania, by the end of more

17 oct 2013

Creditors approved the reorganization plan of residential compound Ibiza Sol, which states two action plans, including selling the complex for EUR33.3 million, firm Euro Insol, the court-appointed more

17 oct 2013

The Bucharest stock market opened up Thursday on low volumes and reduced interest from investors. more

17 oct 2013

Romanian prosecutors indicted Remus Borza, president of the Supervisory Board of state-owned hydropower producer Hidroelectrica, on charges of conflict of interest. more

17 oct 2013

The Romanian leu was stable against the euro Thursday and traded slightly below 4.45 units on extremely low volumes. more

16 oct 2013

The Bucharest stock exchange closed up Wednesday and investment fund Fondul Proprietatea (FP.RO), whose offer to repurchase 4.35% of its own shares was oversubscribed earlier Wednesday, secured half more

16 oct 2013

Andrei-Dominic Gerea has been sworn in as Romania's new Economy minister Wednesday at the Presidential Palace. more

16 oct 2013

Romania’s Senate Wednesday rejected President Traian Basescu’s request to reexamine a bill approving a Memorandum of understanding between the state and oil company Rompetrol, signed in Bucharest more

16 oct 2013

Austrian group Strabag expects its turnover in Romania to drop to about EUR300 million this year, from EUR350 million in 2012, due to a decrease in the number of large projects available on the more

16 oct 2013

Austrian company Raiffeisen evolution is considering buying more land in Bucharest to develop medium-sized office buildings. more

16 oct 2013

The Bucharest stock exchange opened up Wednesday with investors still cautious, while the bourse’s liquidity was lifted by transactions with the shares of real estate developer Impact Developer more

16 oct 2013

The Romanian leu was steady against the euro Wednesday morning and traded at 4.4470-4.4490 amid low volumes. more

16 oct 2013

The initial public offering of 33% in Romanian building materials producer AdePlast has ended unsuccessfully as investors subscribed less than 70% of the shares available for sale, the brokers of the more

16 oct 2013

Electricity and gas distributor GDF Suez Energy Romania, a unit of French-Belgian utility GDF Suez, has borrowed 180 million lei (EUR40.4 million) to finance its current business operations. more

15 oct 2013

Romanian telecom operator iNES Group said Tuesday it has fully taken over Digicom Systems, whose turnover amounted to 3.3 million lei (EUR0.74 million) in 2012, down 24% on the year. more

15 oct 2013

The Bucharest stock exchange closed up Tuesday and three issues secured more than half of the bourse’s liquidity. more

15 oct 2013

Romania is ranked last in the European Union regarding the share of Internet users that shop online (11%), while the EU28 average is 59%, according to statistics office Eurostat. more