10 oct 2013

The Bucharest stock exchange opened up 0.5% Thursday on low volumes, secured mainly by transfers with the shares of investment fund Fondul Proprietatea (FP.RO). more

10 oct 2013

Recent media coverage of the banking industry in Romania raised important issues concerning ability and willingness of local banks to lend. In addition, we have wide ranging debate and recent more

10 oct 2013

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10 oct 2013

Romania’s National Mineral Resources Agency (ANRM) says it will hold a new auction for exploration, development and drilling licenses for about 28 onshore and 8 offshore oil blocks in the Black Sea more

10 oct 2013

The merger of Piraeus and Bancpost, which together have almost 5,000 employees and a territorial network of over 400 offices in Romania, would create an entity with a 5% market share, outrunning Alpha more

10 oct 2013

Economy cannot develop only by boosting production, which is then exported, but also as a result of domestic demand. As people’s income increases, the local market will grow, too. more

9 oct 2013

Approximately 10,600 inhabitants of Romania have fortunes higher than $1 million, less than half compared to Czech Republic, and just one Romanian’s fortune exceeds $1 billion, according to the more

9 oct 2013

Romania’s Government must reduce the value added tax back to 19%, lower social security contributions and eliminate taxes on reinvested profit to ensure sustained economic growth, according to more

9 oct 2013

The Romanian leu continued to fall versus the euro during mid-trade Wednesday and the central bank’s reference hit a two-week low of 4.4631 units per euro. more

9 oct 2013

Businessman Jean Valvis is investing EUR8.9 million in a 5-megawatt photovoltaic park in Calarasi county, southern Romania, and the project is close to completion. more

9 oct 2013

The Romanian Ombudsman Wednesday has challenged the country’s recently adopted Insolvency Code at the Constitutional Court. more

9 oct 2013

The Bucharest stock market opened undecided Wednesday and brokerage firm SSIF Broker (BKR.RO) registered the highest share price increase on the main market, after it disclosed plans to merge with BT more

9 oct 2013

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9 oct 2013

Electroputere Craiova (EPT.RO), once a flagship company of Romania’s industry, is now worth EUR0.6 million on the Bucharest Stock Exchange, 76 times less than upon its privatization to Al-Arrab more

9 oct 2013

German coffee producer Tchibo is investing in its own chain of stores on the Romanian market, and is in negotiations with all malls in Bucharest to open stores. more

9 oct 2013

Romanian companies had EUR11 billion worth of loans taken directly from banks abroad in mid this year, EUR500 million less than in September 2012, according to the data published by the central bank. more

9 oct 2013

South-Korean giant Samsung has become the biggest investor in solar parks in Romania after completing a EUR100-million project in Slobozia, Giurgiu county. more

8 oct 2013

Romania has met technical requirements to join the border-free Schengen Area, UK Ambassador to Bucharest Martin Harris said Tuesday, adding that Great Britain has not changed its standpoint and more

8 oct 2013

Dietary supplements producer Walmark has appointed Jorge C. Manuel as chief executive officer, replacing Petr Turoň, the company said in a press release. more

8 oct 2013

Retail investors subscribed all shares on their segment during the first four day of an initial public offering of 33% in building materials producer AdePlast. more

8 oct 2013

The Bucharest stock exchange opened down Tuesday in quiet market, and investment fund Fondul Proprietatea (FP.RO) was again top-traded issuer on the main market, securing most of the bourse’s more

8 oct 2013

Bogdan Campianu has been appointed executive manager of E&Y Romania’s Corporate Finance department. more

8 oct 2013

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8 oct 2013

Do-it-yourself retailer Dedeman will open two new stores in Targu-Mures and Ploiesti for a total of 36 stores by the end of 2013, six more than at the beginning of the year. more

8 oct 2013

The annual percentage rates for the cheapest offers of real estate loans in lei have settled around 6% after banks have in the past two weeks adjusted the cost of loans to the trend of interest rates more