27 feb 2013

Heineken and Ursus, the two largest local brewers, are getting ready to make new investments in manufacturing, the first carried through since the onset of the crisis. more

27 feb 2013

A law significantly cutting the green energy support scheme could take effect as of July 1. At stake are investments of hundreds of millions of euros. more

27 feb 2013

Investors’ preference for renewable energy projects may suggest an imbalance between government support schemes in Romania, an official of the Economy Ministry said Wednesday. more

27 feb 2013

A well balanced mix of energy resources coul bring a decrease in electricity prices on the long term, according to energy specialists who attended ZF Power Summit '13 on Wednesday. more

27 feb 2013

The Bucharest stock market closed higher Wednesday, after two days of decreases, with shares of Banca Transilvania (TLV.RO) and investment fund Fondul Proprietatea (FP.RO) securing two thirds of the more

27 feb 2013

Romania’s leu strengthened against the euro Wednesday, recouping yesterday’s losses amid growing transferred volumes. more

27 feb 2013

Romania should decide this year whether it wants to continue its project to build two new reactors at the nuclear power plant in Cernavoda, in which Italy’s utility Enel holds a minority interest, more

27 feb 2013

Romania has a large energy potential and it could become a regional point of attraction for oil and natural gas investment, said Vasile Iuga, country manager partner with PwC Romania. more

27 feb 2013

Romanian media company ProTV, the leader on the local television, posted net revenues of $134 million in 2012, while its operating income before depreciation and amortization (OIBDA) stood at $10.2 more

27 feb 2013

US oil giant Chevron Corp. will start exploration drilling at its Barlad shale concession in Romania in the second half of 2013, the company said in a report recently. more

27 feb 2013

Felinvest (FEL.RO), a real estate company owned by businessman Octavian Buzoianu, will complete in March its first office building module part of a real estate project developed on the former sweets more

27 feb 2013

Romania must find a balance between energy investment and its not too profitable power generation industry, the head of utility company ENEL Romania said Wednesday. more

27 feb 2013

Brewers of Romania’s Association named Andrew Highcock, the head of Ursus Breweries, as the organization's president starting February, replacing Hezy Ovadia, URBB-Tuborg Romania’s head. more

27 feb 2013

Restructuring tax authority ANAF may increase Romania’s tax collection rate by 5%-6% of the gross domestic product, from 31-32% of the GDP currently, according to the American Chamber of Commerce in more

27 feb 2013

Governments’ interventions in a market economy may help reduce the negative effects of economic and social constraints during one economic cycle or another, but, unless its interventions are more

27 feb 2013

The Romanian Government aims to change the highway lease system so that the contract closed with the investor will state that should the investment not be recovered to the amount estimated from the more

27 feb 2013

Romania’s leu preserved its earlier advance against the euro by midday Wednesday and the central bank’s reference strengthened to 4.3745 units, from 4.3816 units a day earlier. more

27 feb 2013

MOL Romania, the local unit of Hungary’s oil and gas group MOL, estimates its market share will grow to 15% by 2015, from a little over 12% in 2012, the company’s chief executive Kinga Daradics more

27 feb 2013

Company insolvencies last year and in 2013 had an impact of about 301 million lei (EUR69 million) on the Romanian state budget, according to tax authority ANAF. more

27 feb 2013

Romania’s Government will lay off employees in 15 state-run companies in the energy sector, based on reorganization programs to be applied between 2013 and 2018, according to a draft emergency more

27 feb 2013

Shale gas will play an important role in the energy sector, Eric Stab, president of GDF Suez Energy Romania, told Wednesday the ZF Power Summit ’13 in Bucharest. more

27 feb 2013

The price of electricity in Romania is very low, and part of the price paid by consumers is due to the old distribution system, says Eric Stab, president of GDF Suez Energy Romania. more

27 feb 2013

Holcim Romania’s sales of cement and clinker dropped 3.6% by volume last year, as the local construction market saw no improvement, Swiss group Holcim announced Wednesday. more

27 feb 2013

Romania needs very large investments in the energy sector, which still has huge potential, said Mariana Gheorghe, chief executive officer of OMV Petrom (SNP.RO), the country’s largest oil and gas more

27 feb 2013

The Romanian leu strengthened against the euro Wednesday morning, recouping the losses from the previous session. more