10 iul 2013

The ten largest construction companies held by Romanian entrepreneurs posted EUR61.7 million net profit together in 2012, almost half of the 2011 figure, ZF has calculated based on Trade Registry more

9 iul 2013

Foreign investors’ holdings in Romanian investment fund Fondul Proprietatea (FP.RO) decreased to 62% in June, from 62.58% a month earlier, the fund said Tuesday. more

9 iul 2013

Romanian oil and gas geophysical surveyor Prospectiuni (PRSN.RO), controlled by businessman Ovidiu Tender, seeks to obtain financing of EUR4.4 million from Deutsche Forfait to buy seismic survey more

9 iul 2013

Consortium Genesis Biopartner on Tuesday opened a cogeneration plant using biogas in Filipestii de Padure, southern Romania, following an investment worth EUR5 million. more

9 iul 2013

Romanian businessmen Emil and Marius Cristescu, owners of group Bega, want to sell several plots of land in Timisoara, with an area exceeding 20 hectares, and the buildings located on them. more

9 iul 2013

Chinese IT&C equipment producer Huawei has rented three floors (2,500 square meters) in office building Tower Center in Bucharest, where it is relocating its operations. more

9 iul 2013

Hochland Romania, one of the largest players on the local dairy product market, registered turnover of 197 million lei (EUR44 million) in 2012, steady on the year in lei. more

9 iul 2013

Romanian tractor maker IRUM Reghin is investing over EUR1.8 million in a 1.39-megawatt solar power park that might become operational at the end of August, Mircea Eugen Oltean, the general manager of more

9 iul 2013

Bucharest’s shopping centers Sun Plaza, Plaza Mall and Cocor registered aggregate loss of EUR27.5 million last year, higher than the combined profit of Baneasa Shopping City, Cotroceni Park, Unirea more

9 iul 2013

The management of Romanian state-owned airline Tarom is considering downsizing the company’s staff, lowering wages and eliminating flights to conflict zones, including Egypt, Tarom CEO Nicolae more

9 iul 2013

Retailer Mega Image, part of Belgian group Delhaize, registered profit of 46.7 million lei (EUR10.5 million) in Romania in 2012, 3.5 times higher on the year. more

9 iul 2013

Chinese IT&C equipment producer Huawei registered turnover of $249 million in Romania in 2012, about 10% higher on the year, and estimates its local turnover will increase to $260 million in 2013. more

9 iul 2013

The combined net assets of Romanian open-end investment funds climbed 2.3% on the month to 10.3 billion lei (EUR2.3 billion) in June, data from the local Association of Asset Managers, or AAF, showed more

9 iul 2013

The Romanian media and entertainment market will be the third fastest growing market in Central and Eastern Europe until 2017, with an average compound annual growth rate (CAGR) of 7.7%, according to more

9 iul 2013

Orange, Vodafone and Cosmote, the largest mobile phone companies in Romania, made net profit of EUR238.7 million together last year, down from EUR744 million in 2008, according to Trade Registry data. more

9 iul 2013

Swedish giant IKEA, which operates one store in Romania, last year recorded loss of EUR3.6 million and sales of EUR76.2 million on the local market, according to Trade Registry data. more

9 iul 2013

The photovoltaic parks of telecom operator RCS&RDS could generate about EUR5 million revenue every year, according to ZF calculations, most of which from sale of the green certificates awarded for more

9 iul 2013

Romania’s Tourism minister has organized trips to promote Romania for ambassadors, representatives of the World Tourism Organization, foreign and Romanian journalists, but the country does not have more

8 iul 2013

Lucian Vladescu has resigned as head of the Romanian procurement authority ANRMAP and will be replaced by Bogdan Dobrin. more

8 iul 2013

Managers who cause a firm to enter insolvency will have to cover partially or totally the debts registered by the firm from their own pocket and will not be allowed to run other companies for ten more

8 iul 2013

The European Bank for Reconstruction and Development is considering providing a EUR59 million loan to Spanish firm Inveravante Inversiones Universales to build a 54-megawatt wind farm in Galati, more

8 iul 2013

Romanian companies facing financial problems may file for insolvency only if their debts exceed 90,000 lei (over EUR20,000), and creditors may submit insolvency claims against debtors 30 days after more

8 iul 2013

Romanian paint and lacquer maker Köber registered net profit of about 13 million lei (EUR2.9 million) in 2012, up some 40% on the year, according to Trade Registry data. more

5 iul 2013

The Bucharest stock exchange closed up Friday and the bourse’s liquidity was low, at about EUR10.6 million. more

5 iul 2013

Over 41,500 Romanians visited the Danube Delta in 2012, down 2% on the year, and spent about EUR10 millions during their holiday here, the country’s statistics institute INS told Mediafax. more