1 oct 2013

The Bucharest stock exchange fell 0.41% Tuesday and its 30.7 million lei (EUR6.9 million) overall turnover was mainly secured by investment fund Fondul Proprietatea (FP.RO), through share transfers more

1 oct 2013

German auto group Continental Tuesday inaugurated a fuel pump plant in industrial park Ghimbav-Brasov, central Romania, following a EUR40 million investment. more

1 oct 2013

The Bucharest Court of Appeals has overruled a claim filed by Rompetrol Downstream, the fuel distribution unit of oil group Rompetrol, to have a 160 million lei (EUR37.8 million) fine applied by more

1 oct 2013

Romanian lender Banca Comerciala Carpatica Tuesday elected three Supervisory Board members extending the mandates of two of its old members, Nicolae Petria and Doina Toader. more

1 oct 2013

Morgan Stanley, the largest bank by assets in the United States, has increased its stake in Romanian investment fund Fondul Proprietatea (FP.RO) to over 5% and has become the second largest more

1 oct 2013

Romanian building materials producer AdePlast, owned by businessman Marcel Barbut, will use the money raised from its initial public offering to build a basalt fiber plant, a project estimated at more

1 oct 2013

Romanian carmaker Dacia’s new car registrations in France rose 7.3% in the first nine months of 2013 to 65,291 units, while the overall French car market shrank 8.5% to 1.31 million units, according more

1 oct 2013

Immochan, the real estate division of French group Auchan, started construction of the first stage of real estate project Coresi Brasov in central Romania. more

1 oct 2013

Romanians spent about 4 billion lei (EUR900 million) in restaurants last year, the same as in 2011, though less than what people in developed western countries or in the neighboring countries spend. more

1 oct 2013

Public offerings conducted by state-run companies on the stock exchange have created a favorable environment for privately-held companies looking for capital, says Matei Filipidescu, head of the more

30 sep 2013

SSIF Broker (BRK.RO) said Monday it has taken over about 380 clients, with assets worth 54 million lei (EUR12 million), from brokerage firm Avantgarde Finance, which will cease operations. more

30 sep 2013

Hungarian pharmaceutical company Gedeon Richter has invested over $50 million in Romania since 1998, when it bought medical drug producer Armedica in Targu Mures. more

30 sep 2013

The Bucharest stock market closed down Monday and the bourse’s liquidity rose to RON211 million (EUR47 million), mainly supported by several special deals. more

30 sep 2013

Romanian building materials producer AdePlast expects to raise as much as EUR15 million from its initial public offering scheduled for launch on October 2, the brokers running the deal said Monday. more

30 sep 2013

Investments in photovoltaic parks in Romania were 3.5 times lower in July compared with the previous month after Romanian authorities changed an aid scheme supporting green power producers. more

30 sep 2013

Office space demand by midcap companies in Romania rose 14% in the first nine months of 2013, and 54% of them are disposed to pay monthly rent of up to EUR11/square meter, according to real estate more

30 sep 2013

Post operator Austrian Post Group has appointed Marius Bene as general manager of Postmaster, its Romanian subsidiary, replacing Mihai Preotescu and Mihai Balaj, who were running the company together. more

30 sep 2013

The modernization of railway sections in northern and southern Romania, which belong to the Pan-European transport corridor IV, requires investments worth a total of EUR7 billion, Jean Nicolaos, more

20 sep 2013

Vodka consumption in Romania exceeded 20 million liters in 2012, up 8.4% on the year, according to a ZF analysis. more

20 sep 2013

The Bucharest stock exchange opened down Friday on falling volumes and reduced interest from investors. more

20 sep 2013

more

20 sep 2013

The price of the ten main food products in the consumer basket went up by 24% during the five years of crisis, with the biggest rises being recorded for pasta (over 50%), chicken (48%) and sugar more

20 sep 2013

Kandia-Dulce, the largest local chocolate producer controlled by Austrian Meinl family, exports 5% to 10% of its products to Balkan countries and to countries with large Romanian communities like more

20 sep 2013

Rompetrol wants to enter the Turkish fuel market, which is growing at a rate of 4% a year, using the surplus fuel refined by Petromidia, Romania’s largest refinery whose capacity it increased to 5 more

19 sep 2013

Romanian telecom market regulator ANCOM’s proposition to lower termination rates starting January 1, 2014 is “a bit hilarious” from an economic perspective, considering it will subsidize telecom more