15 feb 2012

Romanian new passenger car sales fell 21% on the year to 3,475 units in January, from 4,399 units in the year-earlier month, the Automotive Manufacturers and Importers Association, or APIA, said more

15 feb 2012

Bucharest shares edged higher in early trade Wednesday, tracking international markets following better-than-expected economic data in Germany and France and amid hopes that Greece's financial more

15 feb 2012

Romania’s leu traded slightly above 4.345 per euro against the euro Wednesday morning, amid low volumes. more

15 feb 2012

Romanian Fondul Proprietatea (FP.RO) manager Franklin Templeton Wednesday proposed paying the fund’s shareholders a gross dividend of 0.038 lei (EUR0.0087) a share from the 2011 profit, 21% higher more

15 feb 2012

Romanian state-run power grid operator Transelectrica (TEL.RO) posted losses in the fourth quarter but finished 2011 with a 90.27 million lei (EUR21.3 million) net profit, tenfold higher on the year. more

15 feb 2012

Romanian state-run natural gas pipeline operator Transgaz Medias (TGN.RO) Wednesday said its net profit rose 4.2% on the year to 392 million lei (EUR92.5 million) in 2011, on higher sales and more

15 feb 2012

Romanian economy expanded at an annualized rate of 2.5% in 2011, after a decline of 1.3% in the previous year, a flash estimate of the country’s statistics institute showed Tuesday. more

14 feb 2012

Romanian investment fund Fondul Proprietatea (FP.RO) has appointed Sorin Mihai Mindrutescu as the new chairman of the Board of Nominees, the fund said in a statement Tuesday. more

14 feb 2012

Romanian building materials maker Prefab (PREH.RO) Tuesday said its net profit dropped over threefold to 0.92 million lei (EUR0.21 million) in 2011, from RON3.3 million a year earlier. more

14 feb 2012

Romanian shipyard Santierul Naval Orsova (SNO.RO) Tuesday reported total sales of 55.8 million lei (EUR13 million) in 2011, down 19% from RON69.3 million a year earlier. more

14 feb 2012

Romanian home appliance manufacturer Electroarges Curtea de Arges (ELGS.RO) Tuesday said its net profit slid 4.1% to 7.26 million lei (EUR1.67 million) in 2011, on higher costs. more

14 feb 2012

Romanian regional investment fund SIF Muntenia (SIF4.RO) Tuesday reported total revenue of 196.9 million lei (EUR46.4 million) in 2011, up 20% from RON164 million a year earlier. more

14 feb 2012

Romanian Economy Minister Lucian Bode Tuesday appointed Octavian Lohan as the new general manager of state-run power grid operator Transelectrica (TEL.RO). more

14 feb 2012

Romania’s TMK-Artrom Slatina (ART.RO), controlled by Russian steel pipe maker TMK, swung to a net profit of 67.5 million lei (EUR16 million) in 2011, from a loss of roughly RON11 million a year more

14 feb 2012

Romanian enameled cookware manufacturer VES Sighisoara (VESY.RO) Tuesday said it has switched to a loss of 2.9 million lei (EUR0.66 million) in 2011, versus profit a year earlier, hit by a 15% decline more

14 feb 2012

Romanian fuels wholesaler Petrolexportimport (PEI.RO) Tuesday said it has swung to net profit in 2011 versus losses a year earlier, helped by a 45% increase in sales. more

14 feb 2012

Romanian chemical fertilizer maker Azomures (AZO.RO) Tuesday said its net profit more than doubled on the year to 346 million lei (EUR81.8 million) in 2010, fueled by a 35% increase in sales. more

14 feb 2012

Romanian regional investment fund SIF Oltenia (SIF5.RO) Tuesday reported total revenue of 133.2 million lei (EUR31.4 million) in 2011, down 21% from RON168.5 million a year earlier. more

14 feb 2012

Romania’s leu traded slightly below 4.35 per euro amid a quiet session Tuesday and closed flat on the day, tracking the currencies in the region. more

14 feb 2012

Romanian second largest lender BRD- Groupe Societe Generale (BRD.RO) estimates will free up provisions worth some 1.5 billion lei (EUR350 million) following the adoption of the international more

14 feb 2012

Romanian bank interest rates are likely to increase in the coming period, despite the central bank’s monetary policy easing, the head of the country’s second largest lender BRD - Societe Generale more

14 feb 2012

Romania’s newly formed government is likely to continue the country’s economic and fiscal program under a EUR5 billion loan from the International Monetary Fund and the EU, a report from Moody’s more

14 feb 2012

Romanians remain pessimistic about the country’s economic outlook for the next twelve months, but consumers are more inclined to open their purses than they were in the second half of 2011, a survey more

14 feb 2012

Romania’s leu traded in ranges against the euro by midday Tuesday, while the central bank’s reference was set at 4.3473 units, barely changed from 4.3477 units a day earlier. more

14 feb 2012

Romania’s industrial production rose 1.9% on the year in December 2011, the sixth biggest increase in the European Union, official data showed Tuesday. more