25 ian 2012

IT software developer Siveco Romania estimates a 15% increase in its sales to EUR77 million in 2012, on higher exports, general manager Irina Socol said Wednesday. more

25 ian 2012

Romania’s leu lost its early gains versus the euro by midday Wednesday and the central bank’s reference weakened to 4.3467 units, from 4.3424 units a day earlier. more

25 ian 2012

Alstom Power Italy, a unit of French-based power company Alstom, has won a 227.5 million lei (EUR53.3 million) contract to build a gas desulfurization unit at Romania’s Craiova Power Plant. more

25 ian 2012

Romanian investment fund Fondul Proprietatea (FP.RO) plans to sell part of its natural gas and energy stocks in 2012, the fund’s manager Greg Konieczny said Wednesday. more

24 ian 2012

Canadian engineering giant SNC-Lavalin Group Inc. Tuesday said it has won a CAN$ 48 million contract to install venting systems at Romania’s Cernavoda nuclear power plant. more

24 ian 2012

Bucharest shares closed slightly higher after a quiet session Tuesday, with investment fund Fondul Proprietatea (FP.RO) and the five regional funds SIFs covering over half of the day’s liquidity. more

24 ian 2012

A consortium including US bank Goldman Sachs and Austria’s Erste Bank AG will broker the sale of a 15% stake in Romanian natural gas producer Romgaz, sources in the capital market told Mediafax more

24 ian 2012

Romania’s leu edged lower against the euro in late trade Tuesday, tracking the currencies in the region, and closed 0.12% weaker at 4.3455/4.348 units, from 4.3405/4.3425 units a day earlier. more

24 ian 2012

Romania's Trade Registry Thursday said 19,651 companies filed for insolvency in the 2011, down 10% from 21,700 companies in the year before. more

24 ian 2012

Romanian industrial new orders rose 6.3% in November 2011 from the previous month, the third largest growth in the European Union, official data showed Tuesday. more

24 ian 2012

Toma Veron, former general manager of Rompetrol Gas, the liquefied petroleum gas (LPG) division of the Rompetrol Group, has been appointed in a senior management role with the natural gas distributor more

24 ian 2012

Romanian mergers and acquisitions market fell 28% on the year to $909 million in 2011, despite a slight increase in the number of closed deals, according to Ernst&Young data. more

24 ian 2012

The European Bank for Reconstruction and Development Tuesday revised downward its forecast for Romanian economic growth to 0.8% in 2012, from 1.1% previously, citing ripple effects from the eurozone more

24 ian 2012

Romania’s leu traded near 4.34 per euro by midday Tuesday and the central bank’s reference strengthened modestly to 4.3424 units, from 4.3463 units a day earlier. more

24 ian 2012

Romania's government has lowered expectations for its planned sale of a 20% stake in state-run airline Tarom, saying that it now estimates to raise up to EUR7.4 million in the initial public offering, more

24 ian 2012

Romanian agri-food group Agricola Bacau Tuesday said its sales rose 22% on the year to 508.5 million lei (EUR119 million) in 2011, fueled by a 20% increase in the turnover reported by its main unit, more

23 ian 2012

Romania’s leu edged higher against the euro in late trade Monday and closed slightly above 4.34 per euro, amid low volumes. more

23 ian 2012

Romanian state-run natural gas pipeline operator Transgaz Medias (TGN.RO) plans to assign public procurement contracts worth 332.4 million lei (EUR76.6 million) in March, above the amount allocated in more

23 ian 2012

Romania’s Finance Ministry on Monday sold six-month treasury bills worth 1.27 billion lei (EUR292 million), more than quadruple the planned amount, while the average yield fell to 5.87% a year. more

23 ian 2012

Romanian new passenger car sales fell 11% to 94,624 units in 2011, from 106,328 units a year earlier, the Automotive Manufacturers and Importers Association, or APIA, said Monday. more

23 ian 2012

Romania’s leu traded just shy of 4.35 per euro by midday Monday and the central bank’s reference strengthened modestly to 4.3463 units, from 4.3473 units in the previous session. more

23 ian 2012

Romania's central bank (BNR) Monday pumped 4.42 billion lei (EUR1 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

23 ian 2012

The recent anti-government protests in Romania might slow down fiscal and structural reforms initiated under an international bailout package over two years ago, putting negative pressure on the more

20 ian 2012

Romanian power grid operator Transelectrica (TEL.RO) Friday dismissed general manager Horia Hahaianu from his position of chairman of the board, the company said in a statement. more

20 ian 2012

Romania’s leu weakened slightly against the euro amid a quiet session Friday, closing at 4.3465/4.3485 units, from 4.345/4.346 units a day earlier. more