7 oct 2013

Termination rate cuts in Romania will lower phone bills by over EUR150 million yearly, according to telecom operator RCS&RDS. more

7 oct 2013

French retailer Carrefour said Monday it will open its 70th supermarket in Romania Tuesday in Moinesti, Bacau county. more

7 oct 2013

The net assets of Romanian mandatory (Pillar II) and voluntary (III) private pension funds reached 13.5 billion lei (EUR3.02 billion) at the end of September, the Romanian association of private more

7 oct 2013

The Bucharest stock exchange opened down Monday on very low volumes, and the most significant share price increase on the main market, of over 9%, was registered by Impact Developer (IMP.RO), after more

7 oct 2013

Romania’s carmaker Dacia, owned by French group Renault, registers the highest market shares in Romania, Bulgaria and the Republic of Moldova, according to ZF calculations based on data by European more

7 oct 2013

Estimates regarding Romania’s grain production in 2013 have been revised up 10% in October to about 19.1 million tons, close to the record levels registered in 2004, 2005 and 2011, according to a more

7 oct 2013

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7 oct 2013

Raiffeisen Bank Romania does not await instructions from its Austrian parent bank on how to adjust costs and to make local operations more efficient. This shows in the decision taken in due time to more

7 oct 2013

Providers of fixed internet services restart the battle over highest speed for data services after lately the sector’s attention has been focused on the development of 4G networks developed by more

7 oct 2013

Vanguard Asset Management, one of the pioneers of the Romanian mutual funds market, has decided to liquidate mutual funds Vanguard Protector and Fondul Oportunitati Nationale (FON) because the more

7 oct 2013

Romania features high in the rankings of energy production in the European Union -- it is number 5 in terms of oil and gas production and boasts major growth prospects given the recent Black Sea more

6 oct 2013

Bids from companies interested in advising Romania’s Communications Ministry on the sale of its minority stake in telecom operator Romtelecom will be opened on November 7, the ministry said Sunday. more

6 oct 2013

The committee for the privatization of Romania’s state-owned freight railway carrier CFR Marfa is looking into extending the company's sale completion deadline and one of the proposed time limits is more

6 oct 2013

Filip Schwartz, majority shareholder and chief executive of the Otter Distribution group, is developing a new shoe store network in Romania, under the Salamander brand. more

5 oct 2013

Romania’s state budget revenues in 2013 will be lower than expected due to changes to bank provision regulations, to payment delays caused by the reorganization of tax authority ANAF and because of more

5 oct 2013

Romania’s Government wants to apply softer fiscal measures on the labor market next year and is considering either lowering social security contributions or eliminating the 16% income tax on minimum more

5 oct 2013

Romania’s new Insolvency Code was published in the Official Journal Friday and will take effect on October 25. It will also apply to insolvency requests currently under analysis. more

4 oct 2013

Pressure to adopt populist measures is on the rise in Romania after the country exited excessive deficit procedures in June and authorities must resist them to avoid reversing earlier difficult more

4 oct 2013

Romanian telecom and postal service operators with annual revenues exceeding EUR100,000 will be exempted again from paying monitoring fees to telecom market regulator ANCOM this year. more

4 oct 2013

Romanian carmaker Dacia’s new car registrations in Great Britain reached 11,631 units in the first nine months of 2013, and the overall British car market rose 10.76% on the year to 1,794,926 units, more

4 oct 2013

The Bucharest stock market closed up Friday, while liquidity was low, at only 19 million lei (EUR4.2 million). more

4 oct 2013

The National Bank of Romania may buy gold extracted from Rosia Montana provided that the gold share in the country’s international reserve stays between 10% and 20%, central bank representative more

4 oct 2013

Radu Gratian Ghetea, president of the Romanian Banking Association (ARB), says he is not worried about loss to the banking system as a result of court cases that could be brought by individual debtors more

4 oct 2013

The forest area in Romania stands at about 6.6 million hectares, covering 27% of the country. This puts it on the 13th place in Europe by volume and 26th as percentage of land area, according to a more

4 oct 2013

The ten leading highway construction sites in Romania advanced by an average of 2% between August 1 and September 1, show ZF calculations based on information provided by roads authority CNADNR. more