30 ian 2012

Romania’s economy expanded by 2.5% in the last three months of 2011, the fourth consecutive quarterly growth, but the recovery is not enough to make a lasting imprint on the quality of life of more

30 ian 2012

The Romanian leu continued to advance at a moderate pace against the euro by midday Monday and the central bank’s reference strengthened 0.12% to 4.334 units, from 4.3394 units in the previous more

30 ian 2012

Romania's central bank BNR Monday injected 5.38 billion lei (EUR1.24 billion) into the market in a one week repurchase agreement operation at an interest rate of 5.75% a year, equal to the monetary more

27 ian 2012

Romanian steel pipes maker ArcelorMittal Tubular Products Iasi (TPRO.RO) will increase its share capital by 78 million lei (EUR17.9 million) to RON241 million, the company said in a statement Friday. more

27 ian 2012

Romania’s leu traded in ranges against the euro in late session Friday and closed slightly weaker on the day, after a lackluster day. more

27 ian 2012

Romanian state-run airline Tarom has narrowed its losses by 24.2% to 252.18 million lei (EUR58.1 million) in 2011, from RON332.5 million a year earlier. more

27 ian 2012

Romanian milling and bakery company Titan (MPN.RO) estimates its sales will drop by roughly 5% to 331.6 million lei (EUR76.4 million) in the financial year to end in September, from RON348 million in more

27 ian 2012

Romania’s leu lost early gains versus the euro by midday Friday, while the central bank’s reference was virtually flat at 4.3394 units, from 4.3396 units a day earlier. more

27 ian 2012

Romania’s top lender Banca Comerciala Romana (BCR), a unit of Austrian Erste Group Bank (EBS.RO), has appointed Tomas Spurny as its new chief executive officer, the bank said in a statement Friday. more

27 ian 2012

Austrian Wienerberger AG, the world’s largest brick maker, has appointed Corneliu Fecioru as the new head of its Romanian business, the company said in a statement Friday. more

26 ian 2012

Romanian leading bank Banca Comerciala Romana (BCR) estimates provisions for potential bad loans will rise 35% to 5.32 billion lei (EUR1.22 billion) in 2012, according to the lender’s revenue and more

26 ian 2012

Romanian steel pipes maker ArcelorMittal Tubular Products Roman (PTRO.RO) will increase its share capital by 292.1 million lei (EUR67 million) to RON725 million, the company said in a statement more

26 ian 2012

Romania's budget deficit narrowed to 4.35% of the gross domestic product in 2011, from 6.5% of GDP a year earlier, the Finance Ministry said Thursday. more

26 ian 2012

The European Commission Thursday said Romania and four other states have failed to comply with their obligation to implement simplified rules on mergers and divisions and requested the five countries more

26 ian 2012

Romanian overdue private loans fell 2.58% on the month to 21.33 billion lei (EUR4.88 billion) in December, equal to 9.47% of the total lending, according to data released Thursday by the central bank more

26 ian 2012

Romania’s leu strengthened slightly against the euro amid low volumes Thursday and closed at 4.3365/4.3385 units, from 4.34/4.347 units a day earlier. more

26 ian 2012

Romanian construction market is still mired in the crisis as the weak demand and reduced financing from the local banking sector make the recovery difficult, according to a survey from credit insurer more

26 ian 2012

Romania’s leu gained modestly against the euro by midday Thursday and the central bank’s reference strengthened 0.16% to 4.3396 units, from 4.3467 units a day earlier. more

26 ian 2012

Swiss grain trader Ameropa Holding AG proposes a price of 9.11 lei (roughly EUR2.1) a share to delist its Romanian unit Ameropa Grains Constanta (CCRL.RO) from the Bucharest Stock Exchange, 66% above more

25 ian 2012

A consortium comprising Raiffeisen Capital & Investment, BT Securities and Czech brokerage firm Wood& Co. Wednesday signed an agreement to broker the secondary offering for a 15% stake in Romanian more

25 ian 2012

Romania’s leu traded in narrow ranges against the euro in late session Wednesday and closed nearly flat on the day, amid low volumes. more

25 ian 2012

Romanian open-end fund administrator Erste Asset Management, a unit of Austria’s Erste Group Bank (EBS.RO), Wednesday said its net profit more than halved to around EUR300,000 – EUR400,000 in more

25 ian 2012

Romanian real estate consultancy firm DTZ Echinox estimates its turnover rose 10% on the year to around EUR3 million in 2011, largely supported by retail transactions, managing director Oana Iliescu more

25 ian 2012

Romanian IT and electronics retailer Flanco posted a 40% increase in its sales to around EUR19.5 million in December and estimates full-year sales have reached EUR110 million, 38% higher on the year, more

25 ian 2012

Romanian software provider TotalSoft Wednesday said its sales rose 15.4% on the year to EUR25.9 million in 2011, fueled by increased demand for end-to-end ERP solution Charisma. more