24 iun 2011

The creditors of railway cars maker Astra Vagoane Arad recently approved a reorganization plan whereby the company maintains activity and keeps all employees, since an investor showed interest in more

24 iun 2011

Analyst sentiment on the prospects of Romania's economy in the next six months has posted the strongest decline in Central and Eastern Europe (CEE) in June, according to a survey compiled by the ZEW more

24 iun 2011

SIF Banat-Crisana (SIF1.RO) and SSIF Broker (BRK.RO) on Thursday sold their stakes in Romanian abrasives maker Carbochim Cluj-Napoca (CBC.RO), through five deal market transactions worth a total 7.6 more

24 iun 2011

The Romanian leu opened slightly weaker against the euro Friday, but strengthened soon after on news the European leaders have pledged to save Greece from default. more

24 iun 2011

The Bucharest bourse opened Friday on the rise, with vivid activity in the market, while the bulk of trading was focusing on Carbochim (CBC.RO), a day after a 23% stake was traded on the deal market. more

23 iun 2011

State-owned thermal power producer Termoelectrica will lay off 300 employees from two branches, under a restructuring plan approved by shareholders on June 16. more

23 iun 2011

The Romanian leu closed Thursday close to the levels seen at opening, recovering the ground lost mid-session, based on euro sales by foreign players. more

23 iun 2011

Bucharest-listed shares closed down Thursday after staying in red territory throughout the session, with energy companies posting the largest decline, led by Transgaz (TGN.RO), whose stock fell 10% in more

23 iun 2011

Romanian paint maker Fabryo Corporation posted a 9% decline in sales last year, to 136.5 million lei (EUR32.4 million), and any increase in turnover this year would be "an outstanding performance," more

23 iun 2011

A 23.4% stake in abrasives maker Carbochim Cluj-Napoca (CBC.RO) was sold Thursday on the deal market of the Bucharest Stock Exchange, through five transactions worth a total 7.26 million lei (EUR1.7 more

23 iun 2011

Romanian realty developer Oasis Development launched a technical and commercial management division for the retail sector, run by Brigitte Schmitt, former property management chief at DTZ Romania. more

23 iun 2011

Romanian lender BCR expects its mortgage loan portfolio will increase by 10%-15% this year compared to 2010, bank official Stefan Coroianu said Thursday. more

23 iun 2011

Businessman Dinu Patriciu’s store chain Mic.ro on Thursday said it has invested over EUR45 million so far in its 600 stores, opened in 50 large cities and neighboring towns. more

23 iun 2011

Canadian Sterling Resources needs to invest some $500 million in its Midia and Pelican blocks in the Romanian shelf of the Black Sea, and the money can be obtained without any problems, Sterling more

22 iun 2011

Romanian gas producer Romgaz Medias estimates it will take over by the end of the year the Iernut thermal power producer, from Electrocentrale Bucuresti, and is currently awaiting shareholder approval more

22 iun 2011

Romanian hydropower generator Hidroelectrica will select an international firm to provide technical assistance in a EUR137 million project for upgrades at the Stejaru Bicaz power plant. more

22 iun 2011

The Bucharest bourse closed slightly up Wednesday, on higher traded values, but BET-FI, the index tracking the major investment funds, closed in red. more

22 iun 2011

Austrian insurer Uniqa on Wednesday sold its 27% stake in Astra (ATRA.RO) to the latter’s majority holder, Dan Adamescu, for 106 million lei (EUR24.9 million). more

22 iun 2011

Developer Sonae Sierra added more than 34 million lei (EUR8.2 million) to the share capital of the River Plaza Mall in central Romania, compensating a loan from 2009. more

22 iun 2011

Property developer GTC bought out Cefin Holding from the Galleria shopping center project developed in Galati, and will complete the project on its own. more

22 iun 2011

Romanian railway transporter Transferoviar Grup Cluj-Napoca will buy railcars from Remarul 16 Februarie (REFE.RO) for 9.8 million lei (EUR2.3 million), VAT excluded. more

22 iun 2011

The shareholders of Romanian ball bearing maker Rulmenti Barlad (RBL.RO) recently approved the contracting of a EUR5 million loan from UniCredit Tiriac. more

22 iun 2011

Realty developer Adama on Wednesday said it has completed phase one of an apartment complex in central Romanian city Brasov, with an investment of EUR14 million. more

22 iun 2011

Romanian insurer Groupama Asigurari increased its share capital by 50 million lei (EUR11.76 million), to RON1.17 billion, through cash contribution by shareholders, according to a company more

22 iun 2011

Hungarian pharmaceutical company Gedeon Richter plans a 5% increase in its Romania sales for 2011, to some EUR144 million, the group’s chief executive officer Erik Bogsch said Wednesday. more