17 nov 2011

The Bucharest bourse closed Thursday in the red, on improved traded values, with almost a quarter of the overall traded values coming from deal market transactions in SIFs, Fondul Proprietatea (FP.RO) more

17 nov 2011

The Bucharest bourse opened Thursday with a slight increase, on higher traded values, as players are still scrambling to buy and sell into the five regional investment funds, or SIFs. more

17 nov 2011

The leu opened Thursday slightly weaker against the euro and it continued to weaken within the first hour, as players bought euro and dealers expected the central bank to intervene once again and more

3 nov 2011

DEGI Titan, owned by Aberdeen Immobilien, has invested EUR10 million over the past 10 months in upgrades at Bucharest’s Iris Titan Shopping Center. more

3 nov 2011

Realty developer Iulius Group, owned by businessman Iulian Dascalu, on Thursday said it has postponed the full launch of its 82% complete Palas Iasi complex until April 2012, with investment reaching more

3 nov 2011

The Bucharest bourse closed Thursday with a slight increase, on moderate traded values, while investors focused mainly on the shares of banks. more

3 nov 2011

September came with cheaper retail loans in euro, that is exactly those loans targeted by the central bank (BNR) restrictions, while loans in lei became 0.5% more expensive. more

3 nov 2011

Home appliances maker Arctic could end the year with EUR260 million in turnover, up 16% on the year if the rise continues at the same rate in the last quarter as in the previous three. So, although more

3 nov 2011

Czech utilities company CEZ, which entered Romania in 2005 when it bought Electrica Oltenia from the government and earmarked EUR1.1 billion to build Europe’s largest wind farm in Dobrogea (SE more

31 oct 2011

The International Monetary Fund is not highly interested in replacing low-efficiency thermal power producers with new units through privatization, but there is “pressure” to sell electricity more

31 oct 2011

Leasing firm LeasePlan Romania on Monday announced a net profit of EUR1.43 million in for the first nine months of the year, while sales reached EUR22 million. more

31 oct 2011

The European Commission recently notified the Economy Ministry that it no longer agrees to cofinance a EUR127 million scheme for desulphurization activities at thermal power plants, approved by the more

22 oct 2011

Sortilemn, one of the main local suppliers for IKEA, concluded the first months of the year with sales of 92.6 million lei (EUR22 million), up 45% on the year. more

22 oct 2011

Furniture retailer Lem’s, owned by furniture maker Lemet, reported sales of 121.9 million lei (EUR29 million) in the first nine months of the year, up 25% on the same interval of the previous year. more

15 oct 2011

The uncontrollable dynamics of the current economic crisis naturally causes fear, but the Western Europe will ultimately find solutions and avoid a catastrophe, even though costs may be high, says Dan more

15 oct 2011

Two investment funds managed by Certinvest are the closed-end funds with the highest performance and yields of more than 15% over the past year. more

14 oct 2011

Romania’s fuel distribution market caught the eye of international groups such as Gazprom or SOCAR, even though some 90% of local sales go to four major companies. more

13 oct 2011

The government’s latest bid to reorganize the national energy system, through the creation of complexes Oltenia and Hunedoara, is seen by specialists as a better idea than the two previous ones, more

13 oct 2011

EDP Renovaveis (EDPR), the renewable energy division of Portuguese group Energias de Portugal, has completed another wind farm in southeast Romania, following an investment of EUR100 million. more

12 oct 2011

Hungary’s Abo Group, a top-ten company on the Romanian milling and bakery market, has put its business up for sale, as well as the tens of millions of euros in assets it holds in Romania. more

3 oct 2011

International law firm Eversheds, with revenue of GBP355 million in fiscal year 2010-2011, has entered Romania through a partnership with local firm Lina & Guia, which will function under the name more

3 oct 2011

Nokia paid EUR24 million in taxes to Romania's budget in 2009, and over EUR25 million in 2010, according to Viorel Gavrea, general manager of Tetarom, the industrial park where the Nokia plant was more

2 oct 2011

Among the 6,000 vehicles managed by Leaseplan, Romania’s second-largest operating leasing firm, 12% are Duster SUVs, and 36% are Dacia models. more

1 oct 2011

EVW Holding, sole importer of DAF trucks to Romania, posted a net profit of 12 million lei (some EUR2.9 million) in 2010, eight times more than the profit achieved in 2009, according to the company more

29 sep 2011

In a letter sent to all employees at Romanian plant Jucu, mobile phone maker Nokia explains why the plant needs to be shut down and where this operation fits within the company's global strategy. Here more