22 mar 2012

The leu opened flat against the euro Thursday, in a quiet market where players showed little interest in trading.. more

22 mar 2012

The Bucharest bourse opened Thursday with a decline, on slightly higher traded values, while investors were mainly focusing on investment fund Fondul Proprietatea (FP.RO) and state-owned gas more

21 mar 2012

Bucharest’s shopping center floor-space per thousand people stands at 185 square meters, one of the lowest rankings in Europe, after Paris with 141 sqm and Vilnius with 130 sqm, according to a more

21 mar 2012

The Bucharest bourse closed up Wednesday, with investors mainly eyeing financial stocks, but the five regional investment funds (SIFs) fell almost 0.6%. more

21 mar 2012

Erste Group Bank (EBS.RO), majority holder of Romanian lender BCR, extended until May 25 the deadline for the operation where it plans to buy a 0.365% stake in BCR. more

21 mar 2012

Elections for a seat on the Board of Representatives at investment fund Fondul Proprietatea (FP.RO) have drawn seven candidacies so far, including that of Steven van Groningen, chief executive officer more

21 mar 2012

Romanian law firm Reff si Asociatii assisted clients in transactions worth a total EUR1 billion last year, the company said Wednesday in a news release. more

21 mar 2012

Beer sales cumulated some 17 million hectoliters last year in Romania, the same as in 2010, according to data presented Wednesday in a news conference by beer maker association Berarii Romaniei. more

21 mar 2012

High-end German retailer Peek&Cloppenburg (P&C) will launch its second Romanian store next week, within the Maritimo Shopping Center of seaside city Constanta. more

21 mar 2012

The Bucharest bourse opened Wednesday with a modest increase, on very reduced activity, as investors remain passive. more

21 mar 2012

The Romanian leu opened roughly flat against the euro Wednesday, on low traded volumes, as the regional markets were also quiet. more

21 mar 2012

Drug maker Zentiva Romania (SCD.RO) plans to pay dividend worth a total 33.85 million lei (EUR7.7 million) for 2011, even though preliminary reports point to a net profit of RON31.56 million for the more

20 mar 2012

The Bucharest bourse closed Tuesday with a decrease, on very low traded values, while most of the activity focused on investment fund Fondul Proprietatea (FP.RO) and the five regional investment more

20 mar 2012

Bankrupt mall Armonia, in eastern Romanian town Braila, will be auctioned off in April, with a starting price of EUR25.03 million, as creditor Volksbank hopes to recover some of the EUR28 million more

20 mar 2012

Employees of Romanian power producer Electrica SA will be able to buy stock in the company’s privatized units by the end of this year, within a process that has been postponed since 2005, economy more

20 mar 2012

The gradual removal of electricity price regulation will only involve one stage for this year, as the market is 15% deregulated for industrial consumers in September, according to Economy Minister more

20 mar 2012

The Bucharest court allowed an insolvency claim filed by a creditor against residential complex Laguna Residence, developed by Spanish GEA International Development. more

20 mar 2012

The supervisory board of mortgage lender Raiffeisen Banca pentru Locuinte appointed Aurelia Cionga as president, while also promoting Stelian Stanga as vice-president in charge with operations. more

20 mar 2012

Authorities will terminate the bilateral contracts concluded by Romanian state-owned hydropower producer Hidroelectrica with the so-called “wise guys”, if the energy buyers refuse new terms, more

20 mar 2012

Metro Cash & Carry Romania reported a 7% decline in its 2011 sales, to EUR1.06 billion, the German retail group said in its financial report Tuesday. more

20 mar 2012

Romanian law firm Bostina & Asociatii on Tuesday announced it will give up its fiscal consultancy and audit unit, with a plan to focus on advocacy. more

20 mar 2012

The Bucharest bourse opened Tuesday on a downward trend, with little to no trading in the market. more

20 mar 2012

The Romanian leu opened nearly flat against the euro Tuesday, in a quiet market with low traded volumes. more

19 mar 2012

The Bucharest bourse closed down Monday, but Azomures (AZO.RO), which was one of the moust sought after stocks, remained on the positive side. more

19 mar 2012

The Romanian government has reserved the right to limit and even block an “excessive” growth of electricity prices, for an extendable interval of up to six months, through setting a price ceiling more