03.06.2012

The Romanian Development Ministry’s 2012 budget was reduced by 15% and the institution will prioritize investment projects that are over 80% finished, as well as infrastructure and tourism projects more

03.06.2012

If Romania’s economy grows by 3% or 4% this year, the telecom market will stabilize, says Benoit Scheen, executive vice-president of Orange, in charge of the French group’s operations on all more

03.03.2012

Romanian private healthcare provider Romgermed estimates the 200-bed hospital it will open in Bucharest by the end of the year will generate turnover of EUR1 million in its first year of operation. more

03.02.2012

German conglomerate Bosch will invest about EUR43 million by the end of 2013 to expand its production facility in Blaj, central Romania, and buy new production equipment, the company said in a press more

03.01.2012

Transactions worth almost EUR1 billion were sealed last year on the Romanian market, down from the almost EUR7 billion recorded in 2005 and close to the 2010 level, according to data of Raiffeisen more

02.28.2012

Romanian realty developer Felinvest (FEL.RO) on Tuesday announced it has resumed construction on a real estate project in northwestern city Cluj, with an investment of EUR7 million. more

02.17.2012

Comfert Bacau, a top-ten fertilizers and pesticides distributor, with turnover of almost EUR90 million in 2011, wants to start off on several production projects by the end of the year. more

02.13.2012

Romania has become the seventh largest country in the European Union and leader in the region in terms of wind farm investments made last year. more

02.10.2012

The net assets of local investment funds increased in January by 2.4%, to 6.94 billion lei (EUR1.59 billion), with monetary funds and bond funds seeing 99% of net subscriptions. more

02.09.2012

Romanian Alro Slatina (ALR.RO), the largest aluminum smelter in southeast Europe, Thursday said it has concluded a six-year program to increase energy efficiency, following total investments of more

02.03.2012

Romanian household appliance maker Arctic, owned by Turkish group Arcelik, will build a new production line, which would boost exports, the Romanian government said Friday in a news release. more

02.03.2012

German retailer Lidl plans to widen this year its Romanian network of stores to 200 units, from 134, with an investment of EUR1 million in each store, Friday said Alin Trnobranschy, south Romania more

02.03.2012

Jidvei, one of the largest winemakers on the local market, whose revenue stood at EUR18 million in 2010, set out to make EUR10.7 million investments in 2012. Its most important projects this year are more

02.02.2012

Drug distributor Farmexim wants to invest over EUR10 million between 2012 and 2014 in relocating its logistical center from Bucharest’s district Pipera further north. more

02.01.2012

Romania’s Finance Ministry attracted the highest financing offer in dollars ever registered by a country in the region. more

02.01.2012

Italian tire maker Pirelli, which owns a plant in Slatina (southern Romania), says the EUR160 million investment in the expansion of the facility is not being reconsidered as a result of the protests, more

01.30.2012

Raiffeisen Asset Management, with over EUR650 million in assets under management, estimates its assets will increase by several tens of million of euros this year, because of fierce competition from more

01.27.2012

A Dutch logistics company will open its first Romanian office near the Transylvania Highway, hiring more than 100 people, while another Dutch company, which makes equipment for the food industry, will more

01.26.2012

Erste Asset Management, the largest mutual fund manager in Romania, handles 2.8 billion lei (EUR0.64 billion) from over 100,000 customers that include millionaires in euros, entrepreneurs and tennis more

01.25.2012

Titov Buzescu, retail vice-president of Rompetrol, the second-largest oil player on the Romanian market, said cost cuts went ahead in 2011, but investments also continued. more

01.24.2012

Philip Morris Romania, one of the top three cigarette producers in Romania, said it is investing EUR1 million to upgrade its production facility in Otopeni, near capital Bucharest. more

01.24.2012

Irrespective of where the solution for the current political tensions is found, it should come as soon as possible. Executives say business is starting to be affected. more

01.23.2012

The Bucharest National Airport Company (CNAB) will allot 13.2 million lei (EUR3 million) to modernize the Henri Coanda (Otopeni) airport’s presidential lounge, according to the company’s 2012 more

01.23.2012

Austrian group Wienerberger, one of the world’s largest brick systems makers and the largest producer of its type in Europe, announced plans to build a plant in northeastern Romania, with an more

01.18.2012

The Romanian government has to solve around 145,000 claims for compensation submitted by people stripped of their properties by the communist regime, after in the past twenty years the state restored more