19 feb 2013

The Bucharest stock market closed undecided Tuesday, with the shares of Rompetrol Rafinare (RRC.RO) falling strongly for the second day in a row, while the liquidity touched the lowest level in the more

19 feb 2013

Russia’s steel giant Mechel Tuesday said it has sold its Romanian assets to local company Invest Nikarom SRL for a nominal sum of 230 lei (around EUR50). more

19 feb 2013

Romania’s leu rose against the euro in late trade Tuesday, tracking the currencies in the region, and closed 0.2% stronger on the day at 4.375/4.377 units. more

19 feb 2013

The Romanian Government approved Tuesday a new car tax system to be levied upon vehicles registration as of March 15, replacing the current tax, sources close to the issue said. more

19 feb 2013

Romania’s insolvent power company Hidroelectrica Tuesday reported a pretax profit of 49 million lei (EUR11.2 million) in January, up from RON36 million a month earlier. more

19 feb 2013

Romania’s leu was stable against the euro by midday Tuesday and the central bank’s reference advanced slightly to 4.3842 units, from 4.387 units a day earlier. more

19 feb 2013

Romanian refinery Petrotel-Lukoil, a unit of Russia’s second-largest oil group Lukoil, will be shut down for a scheduled overhaul between February 20 and April 12, Lukoil said in a statement more

19 feb 2013

Romania’s capital city Bucharest fell three places to 42nd among the world’s 63 most expensive office markets, although prime rents saw a slight increase in 2013, according to a survey by real more

19 feb 2013

Romania’s state-owned chemical plant Oltchim Ramnicu-Valcea (OLT.RO) will not be able to keep all its employees after restructuring and staff cuts will also be operated within railway freight more

19 feb 2013

German airline Lufthansa and its partners, Austrian Airlines and SWISS Air, last year carried over 1.3 million passengers to and from Romania, 12% more than in 2011. more

19 feb 2013

Romanian bakery company Titan (MPN.RO) estimates its sales will reach 369.6 million lei (EUR84.2 million) in the current financial year, from RON279 million in the year ended in September 2012. more

19 feb 2013

Romanian operating leasing company ALD Automotive estimates it will manage a fleet of 8,000 cars this year, up 13% compared to 2012, when it had a market share of 17% and a turnover of nearly EUR30 more

19 feb 2013

Registrations of new Dacia cars in the European Union rose 8.8% to 20,285 units in January, compared to 18,636 units in January 2012, while the EU auto market fell 8.7%, touching a new record low more

19 feb 2013

The Bucharest stock exchange was little moved in early trade Tuesday, as investors’ interest seems to reach new lows. more

19 feb 2013

The Romanian leu traded in a narrow range around 4.385 per euro Tuesday morning, in a quiet market with very low transferred volumes. more

19 feb 2013

New car registrations in Romania declined 10.1% in January, to 4,436 units, a sharper downfall than the European Union’s 8.7%, a new record low. more

18 feb 2013

The Bucharest stock market closed undecided Monday, with the shares of SIF Banat-Crisana (SIF1.RO) rising 1.8% amid the highest liquidity in the past two months following Friday’s announcement that more

18 feb 2013

South-African investment fund New Europe Property Investment (NEP.RO) Monday said it will pay EUR61.7 million, including the outstanding bank debt, to acquire The Lakeview offices from US group AIG more

18 feb 2013

Romania’s leu was stable against the euro Monday and closed roughly flat on the day, amid low volumes and reduced interest from investors. more

18 feb 2013

Germany’s ANZAG in 2012 paid EUR35.5 million for an additional 20% in Romanian pharmaceuticals wholesaler Farmexpert, the company said in a report. more

18 feb 2013

The head of Romanian power producer Hidroelectrica’s development and rebranding unit, Mihail Viorelian Stanculescu, was named interim general manager by the company’s legal administrator Euro more

18 feb 2013

Romania’s Finance Ministry on Monday sold a planned 500 million lei (EUR114 million) in one-year treasury bills, at an average yield of 5.57% a year, marginally higher than at the previous auction. more

18 feb 2013

Over ten companies sent non-binding letters of interest for the privatization of Romanian postal company Posta Romana, a process that is expected to be completed in June, Communications Minister Dan more

18 feb 2013

Romania is considering selling its shares in oil refinery Rompetrol Rafinare (RRC.RO) via open auction, with Rompetrol reportedly seeking to buy back a 25% stake, people close to the matter said more

18 feb 2013

Romania’s leu traded in narrow ranges against the euro by midday Monday and the central bank’s reference strengthened marginally to 4.387 units, from 4.3885 units in the previous session. more