3 dec 2013

Volksbank Romania, which is due to be sold by Volksbank Austria by the end of 2015, has received a massive capital increase of EUR120 million from its shareholders, in order to compensate for costs more

3 dec 2013

The most valuable consumer goods companies in Romania are worth over EUR2.2B, according to this year’s edition of the Top 100 Most Valuable Companies in Romania launched last week. more

3 dec 2013

Renewable energy sector has been one of the biggest challenges of 2013 for the business law firms as the scheme rewarding investments via green certificates was amended for the worse and investors had more

2 dec 2013

Romania’s President Traian Basescu said Monday he decided not to sign a memorandum concerning the country’s new loan agreement with the International Monetary Fund, adding that he objects to a more

2 dec 2013

The Bucharest stock market closed up Monday on rising volumes, and investment fund Fondul Proprietatea hit a new record high. more

2 dec 2013

Romanian carmaker Dacia’s new car registrations in France rose 8.4% in January-November to 79,865 cars, while the French car market shrank 7.1% to 1.61 million units, according to the French more

2 dec 2013

The Romanian pharmaceutical market rose 6% in the first nine months of 2013 to 9.33 billion lei (EUR2.11 billion), according to market research company IMS Health. more

2 dec 2013

Melania Hancila has joined audit and consulting firm Deloitte Romania and will be in charge of coordinating growth and efficiency projects. more

29 nov 2013

Greek bank group Eurobank, owner of Bancpost, registered loss of EUR18.2 million in Romania in the first nine months of 2013, down 33.6% on the year, the financial institution said Friday. more

29 nov 2013

The Bucharest stock exchange closed up Friday and the shares of investment fund Fondul Proprietatea were the most coveted and hit a new all-time high, of 0.84 lei (EUR0.189) per unit. more

29 nov 2013

The shareholders of Romanian state-owned hydropower producer Hidroelectrica Friday appointed five new Supervisory Board members and reelected two. more

29 nov 2013

Romania’s telecom authority ANCOM has proposed that state-run postal company Posta Romana be designated, ex officio, provider of universal postal services between January 1, 2014 and December 31, more

29 nov 2013

Fribourg Development, the real estate division of investment fund Fribourg Capital, has completed the first phase of Liberty Technology Park in Cluj, following an investment worth over EUR7 million. more

28 nov 2013

Romanian state-owned railway operator CFR SA will organize several auctions in January to award eight rail infrastructure upgrade contracts, and the value of all contracts is estimated at 332 million more

28 nov 2013

Real estate developer Adama, owned by Austrian group Immofinanz, has completed the construction of the second phase of residential compound Edenia Titan in Bucharest, following an investment worth more

28 nov 2013

South-African investment fund NEPI (NEP.RO), one of the most active real estate investors in Romania, Thursday raised approximately EUR50 million through an accelerated book build process, which was more

28 nov 2013

The Bucharest stock exchange opened up almost 1% Thursday, with investors focusing mainly on investment funds Fondul Proprietatea (FP.RO) and SIF Transilvania (SIF3.RO). more

27 nov 2013

The Bucharest stock exchange closed up 0.4% Wednesday and the five regional investment funds (SIFs) kept rising after Financial Supervisory Authority representatives said the institution might allow more

27 nov 2013

Romanian small and medium-sized enterprises (SMEs) that access a state-supported program that guarantees loans for SMEs may use the funds drawn from credit lines exclusively to finance working more

27 nov 2013

Romanian winemaker Domeniile Ostrov registered turnover of over 10 million lei (EUR2.25 million) in the first nine months of 2013, up 20% on the year. more

27 nov 2013

Teodor Chirica, former general manager of Romanian state-run nuclear power company Nuclearelectrica (SNN.RO), was appointed on November 16 as head of EnergoNuclear, the company to develop a project to more

27 nov 2013

The Romanian leu was stable against the euro Wednesday and traded at about 4.445 units on reduced appetite from investors. more

27 nov 2013

Several kilometers southeast of Bucharest, in Popesti-Leordeni, PepsiCo operates a three-hectare production facility staffed by 288 people. Its eight production lines make Lay’s chips, Star puffs more

26 nov 2013

Romania may export about 4-5 million sheep to China, Agriculture Minister Daniel Constantin said Tuesday at the China – CEE Economic Forum in Bucharest. more

26 nov 2013

The Romanian leu was stable against the euro in early action Tuesday and traded slightly below 4.444 units in quiet market. more