13 aug 2015

Romanian shipyard Santierul Naval Orsova (SNO.RO), majority owned by three of the five SIFs, accomplished only 75% of the sales forecasted in the first semester, as one of the four ships built in more

13 aug 2015

Brokers operating as market makers on the Bucharest Stock Exchange (BVB) traded 73 million lei shares in July, the highest value so far in 2015 and up 14% compared with a month before. more

13 aug 2015

Romania’s state-run lender EximBank enforced a dualist management system, with Vasile Secares as president of the bank’s Administration Council and Traian Halalai as general manager. more

13 aug 2015

Romania's state owned hydropower producer Hidroelectrica, undergoing insolvency, sold, at the end of July, only two of a total 34 micro hydropower plants put up for sale, for 4 million lei, the more

13 aug 2015

Sephora luxury multibrand cosmetics chain, owned by LVMH group, posted sales of 149.9 million lei in 2014, up 5.6% from a year before and almost 60% higher compared with 2009, the first year of more

12 aug 2015

Romanian state-owned railway freight carrier CFR Marfa posted 363.6 million lei (EUR82 million) revenue in the first semester, down 17% from the same period in 2014 and 8% below the company’s more

12 aug 2015

State-run oil transporter Conpet Ploiesti (COTE.RO) reported a 7% higher profit in April to June, at 17.2 million lei, on the backdrop of savings with oil transportation by train. more

12 aug 2015

Greek-owned lender Piraeus Bank announced Monday it sold its 5% stake in insurance broker Piraeus Broker (PIRBR) to two Greek businessmen. more

12 aug 2015

The European Investment Bank (EIB) granted total loans of EUR2.8 billion to Romania between 2010-2014, EUR895 million of which targeted the banks and non-banking financial institutions (IFNs), mostly more

11 aug 2015

Romanian state-run company Hidro Tarnita will remain with three bidders in the race for the construction of a 1,000-megawatt hydropower plant in Tarnita-Lapustesti, worth over EUR1 billion, of the more

11 aug 2015

Romanian regional investment fund SIF Moldova (SIF2.RO) bought back 113,552 lei worth of own shares and become one of its stockholders, according to a statement sent to the Bucharest Stock Exchange more

11 aug 2015

Romanian regional investment fund SIF Oltenia (SIF5.RO) Monday said in a statement on the Bucharest Stock Exchange it appointed Paul Prodan as a third member in the fund’s Audit Committee. more

11 aug 2015

Shopping center operator Cocor Bucuresti (COCR.RO) reported a gross profit of 701,000 lei in the first semester, double on the year, on the backdrop of lower total expenses. more

10 aug 2015

Christian Brandstetter stepped down as president of Asirom’s Board of Directors, after only three months, according to sources on the insurance market. more

10 aug 2015

Vegetable oil producer Argus Constanta (UARG.RO), owned by SIF Oltenia, reported twofold higher revenue in the first semester of 2014, at 88 million lei, on sales increase. more

10 aug 2015

EDP Renovaveis, the renewable energy unit of Portuguese group EDP, the third largest investor on the Romanian renewable energy sector, has completely suspended investments on the local market, more

10 aug 2015

The Bucharest Stock Exchange (BVB) has the highest trading fees among the bourses in Central and Eastern Europe CEE but ranks last in the region by the value of transactions with shares in the first more

5 aug 2015

MHS Truck&Bus, importer of MAN trucks on the local market, posted a revenue of 242 million lei (EUR54.4 million) in the first semester, up 32% compared with the same period a year before, on sales more

5 aug 2015

Romanian aircraft repairs and maintenance company Romaero Bucuresti (RORX.RO) aims to break-even in 2015, switching from losses of 45 million lei a year before, according to the company’s more

5 aug 2015

Nicolae Danila, advisor to Romanian Central Bank’s governor Mugur Isarescu, was named non-executive president of Transfond, the operator of the national electronic payment system. more

5 aug 2015

Romania’s management company Zepter Asset Management, majority owned by Swiss’ United Business Activities Holding AG, merged equity investment funds Zepter Equity and Zepter Mixt with Zepter more

4 aug 2015

Parcel delivery firm Urgent Cargus posted 164.2 million lei (EUR37 million) revenue in the first half, up 21% compared with a year before, mainly driven by the online commerce, the company said in a more

4 aug 2015

Romania’s Maritime Ports Administration Constanta posted 11% higher revenue in the first semester, at 141.2 million lei (EUR32 million), mainly due to the boost in cereals trading, twofold higher . more

4 aug 2015

Romania’s cash-ins from value-added tax VAT was up 15.5% in January to July, at 34 billion lei, after the VAT rate was lowered to 9% on food as of June 1st, according to the Tax Authority ANAF. more

4 aug 2015

Foreign currency transactions totaled EUR1.5 billion in July, EUR100 million higher compared with a month before but similar with the same period a year ago. more