26 mar 2013

Romania’s TMK-Artrom Slatina (ART.RO), controlled by Russian steel pipe maker TMK, forecasts revenues of $315 million in 2013, up 18% from a year before, the company said in a statement Tuesday. more

26 mar 2013

Romania’s second largest oil group Rompetrol will invest over $10 million in drilling works at its Zegujani onshore field in the southwestern counties of Mehedinti and Gorj, the company said in a more

26 mar 2013

The Romanian Counter-Guarantee Fund (FRC) has granted some 17,000 counter-guarantees worth a total of EUR662 million since its establishment, in 2010. more

26 mar 2013

Romania has the highest household debt to disposable income ratio in Europe, of around 20%, well above the ratios in Germany, France or Italy, a central bank official said Tuesday. more

26 mar 2013

Romania’s leu reversed earlier losses against the euro by midday Tuesday and the central bank’s reference strengthened for the second consecutive day to 4.4111 units, from 4.4154 units in the more

26 mar 2013

EPC Egnatia Romania, supplier of turnkey services for electricity production in photovoltaic projects, Tuesday said it has completed and connected to the network three projects with a total installed more

26 mar 2013

Romania’s consolidated budget posted a deficit of 2.44 billion lei (EUR552 million) in the first two months, equal to 0.39% of the gross domestic product, Finance Ministry data showed Tuesday. more

26 mar 2013

Romanian small and medium-sized companies will have limited access to foreign currency loans once the central bank’s new regulations are in place, an official of Volksbank Romania said Tuesday. more

26 mar 2013

Romanian home appliance manufacturer Electroarges (ELGS.RO) may pay out a gross dividend of 0.0545 lei (EUR0.012) per share to its stockholders from the profit registered in 2012. more

26 mar 2013

Romanian private lending fell 0.6% in real terms to 222.7 billion lei (EUR50.5 billion) in February, from RON223.4 billion a month earlier, central bank data showed Tuesday. more

26 mar 2013

The Bucharest stock exchange opened higher Tuesday, with the shares of BRD Societe-Generale (BRD.RO) and Banca Transilvania (TLV.RO) lifting the total liquidity. more

26 mar 2013

The Romanian leu opened slightly lower against the euro Tuesday morning and traded at around 4.415 units in a quiet market and amid low traded volumes. more

25 mar 2013

Marfin Bank Romania, the local unit of Cyprus Popular Bank, has a solid financial position and it doesn’t rely on liquidity from the mother bank, the head of Romanian central bank’s supervisory more

25 mar 2013

The Bucharest stock market closed higher Monday, after falling in the previous two sessions, the bourse’s liquidity being mainly secured by several special deals with the shares of oil company OMV more

25 mar 2013

Romania’s leu strengthened against the euro Monday, in line with the currencies in the region amid investor relief following the Cyprus’ announcement that it has reached an agreement for a EUR10 more

25 mar 2013

Romania’s economy will likely increase by 1.7% in 2013, from a meager growth of 0.3% a year earlier, helped by stronger investments and a higher absorption rate of European funds, according to more

25 mar 2013

Reducing the value added tax on bread from 24% to 9% requires provisions of 120 million lei (EUR27.2 million) for the second half of the year, Romanian Prime Minister Victor Ponta said Monday. more

25 mar 2013

The cityhall of Voluntari, a town nearby Romania's capital city Bucharest, aims to take a 70 million lei (EUR15.87 million) loan, on a 10-year period, to co-finance public investments developed with more

25 mar 2013

Cezar Cursaru, former manager of Intrasoft International Romania, has taken over the position of chief executive officer of GeCAD NET, replacing Serban Prejoianu who was appointed deputy CEO more

25 mar 2013

Romania’s leu extended earlier gains versus the euro by midday Monday, tracking the currencies in the region, while the central bank’s reference strengthened 0.3% to 4.4154 units, from this more

25 mar 2013

Casa Rusu, the retail division of furniture maker Rus Savitar, on Friday opened its 13th local franchised store, in Dej, northwestern Romania. more

25 mar 2013

Romania's central bank Monday pumped 3.53 billion lei (EUR797 million) into the money market via a one-week repurchasing agreement operation, well above the RON247.4 million injected a week earlier. more

25 mar 2013

Romanian insolvent hypermarket network PIC has been put up for sale by its legal administrator PricewaterhouseCoopers Business Recovery Services (PwC) after businessman Nicolae Sarcina quit plans to more

25 mar 2013

The Bucharest stocks were largely unmoved Monday morning, and the trading values were very low after the first 30 minutes of trading. more

22 mar 2013

Romania’s leu recovered part of its earlier loss against the euro in late trade Friday, but closed weaker on the day, with investors showing caution ahead of a decision of Cyprus lawmakers regarding more