29 iul 2016

Romania's seasonally adjusted unemployment rate stood at 6.4% in June, down 0.2 percentage points compared with the previous month, the country's statistics board said Friday. more

28 iul 2016

Romanian building materials producer AdePlast, owned by businessman Marcel Barbut, will invest EUR15 million in a plant in Oradea city, northwestern Romania, the company said in a statement Thursday. more

28 iul 2016

Austrian-held real estate developer Immofinanz reported losses of EUR390 million in financial year 2015-2016, due to the 18% drop in rental income to EUR314.5 million, the company said in a statement. more

28 iul 2016

Agribusiness group Agricover reported a net profit of RON1.68 million for agribusiness operations in the first six months of 2016, versus RON11.4 million losses in January-June 2015. more

28 iul 2016

Vrancart Adjud (VNC.RO), a major paper and cardboard maker in Romania, has bought the majority stake in Brasov-based Rom Paper, which owns Mototol brand. more

27 iul 2016

Romania’s Financial Supervisory Authority (ASF) on Wednesday asked for the start of bankruptcy proceedings for Romanian insurance company Carpatica Asig, a company with an annual turnover of EUR130 more

27 iul 2016

Romania has lost the arbitration case in which it sought payment of nearly EUR1 billion from Italian utility group Enel for alleged failure to meet obligations in Electrica Muntenia Sud privatization more

27 iul 2016

Romania’s Financial Supervisory Authority (ASF) will decide Wednesday on the bankruptcy of Romanian insurance company Carpatica Asig, a company with an annual turnover of EUR130 million and 500 more

27 iul 2016

KazMunayGas will use all legal means to defend its rights and obtain compensation, including international arbitration, as it believes that Romanian authorities plan to seize and nationalize $2.1 more

27 iul 2016

Swedish apparel retailer Hennes&Mauritz (H&M) will open in the autumn a new store in Iasi city, eastern Romania, in Iulius Mall Iasi shopping center. more

27 iul 2016

AFI Europe Romania has rented out 3,000 square meters in office building AFI Park 4&5 to SecureWorks, which provides intelligence-driven security solutions for organizations to prevent, detect, more

27 iul 2016

The number of companies that went insolvent in Romania in the first six months of 2016 dropped by 22% compared with the same period a year earlier, to 4,468, according to Trade Registry data. more

26 iul 2016

70% of the managers of Austrian companies operating in Romania consider that the local economy will maintain its upward trend in 2016 and 2017, while three in four managers believe their companies more

26 iul 2016

The average price of an apartment in capital Bucharest stands at EUR1,000/sqm, while prices can even reach EUR2,500/sqm in certain areas, according to a study by real estate company Re/Max Romania. more

26 iul 2016

Prysmian group, world leader in the energy and telecom cables and systems industry, will open two new plants for the production of telecommunications and data cables in Europe, in Romania and more

26 iul 2016

The macroeconomic confidence index of the Chartered Financial Analysts Association – Romania (CFA Romania) fell by 7.3 points to 58.5 points in June, due to a drop in both current conditions index more

26 iul 2016

Romanians’ local-currency savings reached a new record high in June, to RON97.5 billion, up 1.7% on the month and 10.7% on the year, according to central bank data. more

25 iul 2016

Romania's general consolidated budget posted a deficit of RON3.85 billion in January-June, or 0.5% of the gross domestic product, compared with a budget deficit target of 1.9% for the first six months more

25 iul 2016

Romanian Prime Minister Dacian Ciolos said Monday that the events in the European Union, such as terror attacks and Brexit, can impact the Romanian economy, and the level of incertitude depends on the more

25 iul 2016

The Romanian leu gained ground versus the euro by midday Monday and the central bank set the leu’s reference rate versus the euro at 4.444 units, up 0.38% from 4.462 units Friday. more

22 iul 2016

Romania's largest oil company OMV Petrom (SNP.RO), majority owned by Austria's OMV, announced the appointment of Reinhard Florey as interim member and Deputy President of the Supervisory Board. more

22 iul 2016

The European Commission decided to refer Romania, Greece and Luxembourg to the Court of Justice of the EU for failing to transpose into national law Directive 2012/34/EU establishing a single European more

22 iul 2016

Bermas Suceava, one of the ten largest brewers on the Romanian market, targets a turnover of RON26 million in 2016, up 9% on the year, the company said in a statement Friday. more

21 iul 2016

Insurance company City Insurance, owned by businessman Dan Odobescu, needs a EUR30 million share capital increase to exit the financial recovery procedure, according to the plan approved by more

21 iul 2016

Romanian lender Banca Transilvania (TLV.RO) has increased its share capital by RON620 million by issuing 620 million shares with a face value of RON1 each, thus reaching RON3.646 billion. more