15 feb 2017

The European Commission is taking Romania to the Court of Justice of the EU for its failure to close and rehabilitate 68 illegal landfills, which represent a serious risk for human health and the more

15 feb 2017

Rompetrol Well Services (PTR.RO), a unit of KMG International, the second largest oil group in Romania, reported a turnover of over RON31 million in 2016, down compared with RON50 million a year more

15 feb 2017

Romanian cosmetics producer Farmec Cluj-Napoca reported a turnover of RON196.8 million (EUR43.8 million) in 2016, up 14% on the year, the company said in a statement Wednesday. more

15 feb 2017

Romanian chemical plant Oltchim Ramnicu Valcea (OLT.RO) reported a turnover of EUR168 million in 2016, similar with 2015, and losses of EUR2.5 million, according to preliminary data. more

15 feb 2017

Banca Transilvania (TLV.RO) reported a net profit of RON1.23 billion in 2016, while operating income reached RON 2.82 billion, the lender said in a statement Wednesday. more

15 feb 2017

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14 feb 2017

Truck and bus manufacturer Roman SA Brasov has signed a contract worth EUR12 million with a company in Taiwan for manufacturing 94 civil trucks and is also in talks with another company in Pakistan. more

14 feb 2017

This year, mortgage lending will increase, consumer lending will fall, and the banks will focus on granting loans to companies, according to the representatives of the Romanian Banking Association more

14 feb 2017

The Romanian durable goods market rose over 9% to EUR2.55 billion in 2016, according to a GfK TEMAX report. more

14 feb 2017

Romanian car parts manufacturer Compa Sibiu (CMP.RO) reported revenues of RON655 million in 2016, up 33% on the year, the company said in a statement Tuesday. more

14 feb 2017

Bucharest Stock Exchange (BVB) group registered 4% higher operating revenue in 2016, at RON32 million, while its net profit rose 19% to RON7.9 million, the group said in a statement Tuesday. more

14 feb 2017

Romanian plastic profiles producer Romcarbon Buzau (ROCE.RO) reported a turnover of RON181.1 million in 2016, up 1% compared with RON179.2 million a year before, the company said in a statement. more

13 feb 2017

Fitch Ratings has revised the outlook of Romanian Garanti Bank to stable from negative, and affirmed the long and short-term issuer default ratings at 'BBB-'/'F3' and support rating at '2', the rating more

13 feb 2017

Romania continues to have the second lowest monthly minimum wage in the European Union, of EUR322 following the minimum wage hike in February, after Bulgaria (EUR235), Eurostat data show. more

13 feb 2017

Radu Toia was appointed as the new counselor of the head of the Financial Supervisory Authority (ASF) for capital market and consumer protection, starting February 13, ASF said in a statement Monday. more

13 feb 2017

Nicoleta Eftimiu, a manager with over ten-year experience within Coca-Cola system, was appointed as franchise country manager Coca-Cola Romania and Moldova as of January. more

13 feb 2017

The European Commission expects Romania’s economy to grow 4.4% in 2017, according to the EU executive’s winter forecast, while the Romanian government drafted the 2017 state budget on an economic more

10 feb 2017

The Romanian leu lost ground versus the euro and the US dollar by midday Friday. more

10 feb 2017

Timisoara International Airport, in western Romania, plans to invest over EUR10 million in the expansion and modernization of the passenger terminal in the next two years, the company’s more

9 feb 2017

Romania will grant EUR50 million to the Republic of Moldova, representing the second tranche of the loan, after it granted the first tranche worth EUR60 million on August 24, 2016. more

9 feb 2017

The Romanian government has discussed on Thursday the setting up of the Sovereign Fund for Development and Investment (FSDI), aimed at developing and financing profitable and sustainable investment more

9 feb 2017

AmCham Romania considers that the allegations against multinational companies are untrue and unconstructive for the economy and society and stresses the need of collaboration between the local and more

9 feb 2017

Over 3.66 million telephone numbers were ported in Romania since the launch of the portability service in October 2008, out of which 3 million (82%) in mobile networks, according to the data of more

8 feb 2017

Coffee sales in Romania rose last year to nearly EUR435 million, due to a higher purchasing power, the removal of the excise duty in 2016 and the development of coffee shops, according to a PwC more

8 feb 2017

The Romanian leu continued to gain ground versus the euro and lose ground versus the US dollar on Wednesday. more