28 feb 2013

Rompetrol Well Services (PTR.RO), a unit of Romania’s second biggest oil group Rompetrol, Thursday said its net profit rose 35.5% to 21.4 million lei (EUR4.9 million) in 2012, from RON15.8 million a more

28 feb 2013

Romania may store carbon dioxide in exploited deposits in the southern parts of the country, Thursday said Remus Hanea, head of research of Statoil's fast modeling updating department. more

28 feb 2013

The solar power industry may create new jobs as a significant part of a photovoltaic project may be developed with Romanian resources, Halil Demirdag, CEO of power producer Smart Group, said Thursday. more

28 feb 2013

Tymbark Maspex, one of the largest juice producers on the local market, Thursday confirmed it took over some of the assembly lines and two snacks brands from Craiova-based bakery company Pan Group. more

28 feb 2013

Austria’s Erste Group Bank AG (EBS.RO) has no plans to modify its restructuring program at the BCR unit in Romania and expects the lender will return to profit in 2013, helped by lower risk costs, more

28 feb 2013

Romanian regional investment fund SIF Banat Crisana (SIF1.RO) will discuss in stockholders’ meeting April 23 three variants on using 2012’s net profit, which envisage keeping it for investments or more

28 feb 2013

Robin van Rozen has been appointed country manager at Philips Romania to replace Gorjan Lalchevski, the Dutch electronics group said in a press release Thursday. more

28 feb 2013

Romania’s leu kept its earlier gains versus the euro by midday Thursday and the central bank’s reference strengthened to 4.3698 units, from 4.3745 units a day earlier. more

28 feb 2013

The head of ExxonMobil Exploration & Production Romania Thursday said Romania will be one of its main retail markets for the natural gas extracted from the Black Sea blocks. more

28 feb 2013

Romanian courier services provider FAN Courier estimates its sales will increase 5% to 10% in 2013 to around EUR60 million, from 242.2 million lei (EUR54.7 million) last year. more

28 feb 2013

Azeri state-run oil company SOCAR plans to expand its Romanian gas station network by another 20 units in 2013, the company’s general manager Hamza Karimov said Thursday at ZF Power Summit '13. more

28 feb 2013

Romanian filling stations that sell less than 1 million liters a year will hardly survive, as the number of units is increasing, according to Titov Buzescu, advisor of Rompetrol's chief executive more

28 feb 2013

Romanian Minister Delegate for Energy Constantin Nita Thursday said the government has received several financing offers for the construction of two new reactors at the nuclear power plant in more

28 feb 2013

Romanian telecom operator Romtelecom’s revenue fell 5.4% to EUR619.6 million in 2012, from EUR655.1 million in 2011, mainly due to mobile termination rate (MTR) cuts, Greek group OTE, owner of more

28 feb 2013

Romanian harbor operator Socep Constanta (SOCP.RO) Thursday reported a 62% lower net profit in 2012, to 2.25 million lei (EUR0.51 million), from RON5.93 million a year before. more

28 feb 2013

Romania will change the renewable power regulations regarding the number of certificates granted for green energy, the country’s energy minister said Thursday. more

28 feb 2013

Romania’s leu opened slightly stronger against the euro Thursday, nearing 4.37 units, in a quiet market and amid low traded volumes. more

28 feb 2013

Romanian government will reorganize the state-owned energy companies planning to set up two or three powerful companies able to compete at regional level, minister-delegate for energy Constantin Nita more

28 feb 2013

Romanian electric and electronic equipment maker Electromagnetica Bucuresti (ELMA.RO) on Thursday said its gross profit rose 4.4% to 18.42 million lei (EUR4.1 million) in 2012, compared to RON17.63 more

28 feb 2013

The Bucharest stock exchange gained 1% Thursday morning, with the liquidity on the rise, fueled by trades with the shares of Fondul Proprietatea (FP.RO) and Banca Transilvania (TLV.RO). more

28 feb 2013

Romanian oil storage and shipment firm Oil Terminal (OIL.RO) Thursday said its net profit stood at 540,000 lei (EUR121,000) in 2012, flat on the year, despite a 3.6% decrease in net turnover. more

28 feb 2013

Romania issued 1,694 buildings permits for residential projects in January, down 2.2% on the year, the statistics institute INS said Thursday. more

28 feb 2013

Romanian companies expect activity will pick up in the construction and manufacturing sectors between February and April, while operations in retail and services are seen rather stable, the statistics more

28 feb 2013

Austria’s Erste Group Bank (EBS.RO) Thursday reported a net profit after minorities of 483.5 million euro in 2012, versus a loss of EUR718.9 million in the previous year, as the group’s risk costs more

28 feb 2013

Romania’s leading bank BCR, a unit of Austria’s Erste Group Bank (EBS.RO), Thursday reported a net loss of 1.2 billion lei (EUR277 million), as higher risk costs negated an otherwise good more