30 iul 2013

Lowering the value added tax on bread from 24% from 9% is an important step in reducing tax evasion in the bread industry and the measure should also be applied to meat, milk, sugar and vegetable oil, more

30 iul 2013

Romania’s antitrust authority has approved the takeover of 20 Real hypermarkets by French retailer Auchan, which expanded its local network to 31 units. more

30 iul 2013

The Bucharest stock exchange closed slightly up Tuesday and investors were mainly interested in blue-chip stocks. more

30 iul 2013

Consumer lender Provident Financial Romania, part of British group International Personal Finance (IPF), said Tuesday it granted loans worth EUR54.9 million in the first half of 2013, up 12% on the more

30 iul 2013

Raising excise duties on alcohol will increase alcoholic drink prices by 25% to 40% and tax evasion will skyrocket to 90% from about 70% currently, according to Romulus Dascalu, president of GARANT, more

30 iul 2013

Romanian state-owned airline Tarom will introduce direct flights over the Bucharest-Prague route starting October 27. more

30 iul 2013

Romanian insurer Gothaer Asigurari (former Platinum) said Tuesday it underwrote premiums of 27.9 million lei (EUR6.3 million) in the first half of 2013, up 92% on the year. more

30 iul 2013

Romanian Agricover Credit IFN, part of agribusiness group Agricover, said Tuesday it granted loans worth 253.2 million lei (EUR57.6 million) in the first half of 2013, up 87% on the year. more

30 iul 2013

Romania’s state-run lender EximBank will move its headquarters from the United Nations Boulevard (Bucharest) to Kiseleff Palace, where it has rented 3,800 square meters, BNP Paribas Real Estate said more

30 iul 2013

Romania’s UniCredit Tiriac Bank has appointed Mihaela Lupu as chief financial officer to replace Stanislav Georgiev, whose mandate has expired. more

30 iul 2013

Romanian state-run energy holding CE Oltenia, which was set up in mid-2012, registered turnover of 1.22 billion lei (EUR278 million) in the first half of the year and gross profit of RON110 million. more

30 iul 2013

Frutti Fresh and Adria made by Micula brothers’ European Drinks are the only local brands that keep close behind Coca-Cola and PepsiCo on a carbonated beverage market put at EUR600 million to EUR700 more

30 iul 2013

Photovoltaic parks operated at higher capacity than wind farms at certain hours in the first part of Monday, the hottest day of the year so far, even though the installed capacity of the latter is more

29 iul 2013

Romania will lower the value added tax on bread to 9% from 24% on September 1 and the negative impact of the measure, estimated at about 100 million lei (EUR22.7 million), will be offset by increasing more

29 iul 2013

The Bucharest stock exchange closed undecided Monday and the bourse’s still low liquidity was mainly secured by investment fund Fondul Proprietatea (FP.RO), Erste Bank (EBS.RO) and SIF Crisana-Banat more

29 iul 2013

Software solutions provider EBS Romania registered turnover of EUR8.3 million in the first half of 2013, up 41% on the year. more

29 iul 2013

Investments of private equity funds in Romania amounted to only EUR27 million in 2012, a record low over the past six years, while exits rose to EUR120 million, according to the European Private more

29 iul 2013

Cosmote, Orange, RCS&RDS, Vodafone and 2K Telecom on Monday received mobile telephony licenses to use frequency bands 800 MHz, 900 MHz, 1.800 MHz and 2.600 MHz between April 6, 2014 and April 5, 2029, more

29 iul 2013

Software development and IT outsourcing company Luxoft employs around 800 people in Romania and plans to reach 1,000 employees by the end of 2013, Luxoft President and Chief Executive Officer Dmitri more

26 iul 2013

Romania’s national roads authority CNADNR wants to contract winter road maintenance services for the interval 2013-2015, and the total value of the contracts is estimated at 765.1 million lei more

26 iul 2013

The Bucharest stock market closed up Friday with investors mainly interested in Fondul Proprietatea (FP.RO), Erste Bank (EBS.RO) and BRD (BRD.RO), which secured 94% of the bourse’s liquidity. more

26 iul 2013

The Romanian high defense body CSAT's failure to issue a standpoint regarding the contract to sell a majority stake in state-owned freight railway carrier CFR Marfa will block privatization and the more

26 iul 2013

The Bucharest stock exchange opened up Friday, similar to the main European markets, on reduced volumes. more

26 iul 2013

Romanian state-owned chemical plant Oltchim Ramnicu-Valcea (OLT.RO) said Friday it will put 715 employees on furlough between July 29 and September 8 because of lack of working capital and raw more

25 iul 2013

The Bucharest stock market closed down Thursday on reduced liquidity which was mainly secured by power grid operator Transelectrica (TEL.RO), Erste Group (EBS.RO) and investment fund Fondul more