22 mar 2013

The Bucharest stock market closed down Friday, while half of the bourse’s liquidity was secured by several special deals with the shares of four regional investment funds, oil company OMV Petrom more

22 mar 2013

German company Stanzwerk will build a metal profiles plant in Ineu, western Romania, and will create over 100 new jobs. more

22 mar 2013

Romanian regional investment fund SIF Banat-Crisana (SIF1.RO) Friday announced plans to attend an auction for the sale of 51% in state-run postal company Posta Romana. more

22 mar 2013

Romanian milk producers are the victims of an attack against the quality and safety of local products, but pouring milk on the fields is an extreme gesture of farmers that could go bankrupt because of more

22 mar 2013

The exchange rate of the Romanian leu weakened to its lowest level this year of 4.4286 against the euro Friday, amid a negative sentiment in the region due to uncertainty regarding the situation in more

22 mar 2013

Romanian aircraft construction and repair firm Aerostar Bacau (ARS.RO) Friday proposed paying out its stockholders a gross dividend of RON0.079 (EUR0.017) a share from 2012’s net profit, up 9.77% on more

22 mar 2013

The Bucharest stock market opened in the red Friday, amid moderate turnover and with the shares of OMV Petrom (SNP.RO) down over 1% after the company proposed paying out its shareholders a lower more

22 mar 2013

Romania’s leu weakened toward 4.43 against the euro in early action Friday, tracking the currencies in the region, with investors keeping a close eye to Cyprus as the country’s government is more

21 mar 2013

Romanian power producer Hidroelectrica Friday sold electricity worth 53.69 million lei (EUR12.12 million) on the local energy exchange OPCOM, the company said in a statement. more

21 mar 2013

The Bucharest stock exchange closed down Thursday, erasing the past two days' gains, with all ten components of the market's blue-chip index BET ending in negative territory. more

21 mar 2013

Romanian oil company OMV Petrom (SNP.RO) said Thursday it appointed Gabriel Selischi as member of the Executive Board, in charge of exploration and production activities, starting September 1, 2013. more

21 mar 2013

The exposure of Romanian individuals and non-financial companies to Cypriot banks reached approximately EUR100 million at the end of 2012, according to data from the European Central Bank. more

21 mar 2013

Romania’s leu edged higher against the euro in late trade Thursday and closed slightly below 4.42 units, amid low volumes, with investors concerned about Cyprus’ ability to avoid defaulting on its more

21 mar 2013

The Romanian Transport Ministry will publish the privatization announcement for state-owned freight railway carrier CFR Marfa on 6 or 8 April, the head of the ministry said Thursday. more

21 mar 2013

Romania’s Transport Ministry has appointed Valentin Dorobantu as chief executive officer of passenger railway carrier CFR Calatori following a private manager selection process. more

21 mar 2013

Erste Asset Management, Romania’s largest fund administrator, estimates its assets will exceed EUR1 billion by the end of June, general manager Dragos Neacsu said Thursday. more

21 mar 2013

The management of Romanian state-owned airline Tarom forecast a loss of 143 million lei (EUR32.3 million) in 2013, narrower than the previous estimate of RON186 million included in the company’s more

21 mar 2013

Romania’s Finance Ministry on Thursday sold a planned 500 million lei (EUR113 million) in 10-year treasury bonds, but the average yield rose to 5.81% a year, from a record low of 5.71% a year at the more

21 mar 2013

German do-it-yourself retail chain Praktiker Thursday said its sales in Romania fell 6.6% on the year to EUR142.3 million in 2012. more

21 mar 2013

The European Commission Thursday said it has referred Romania to the EU’s Court of Justice for failing to fully transpose community energy market rules into national law, with a proposed penalty fee more

21 mar 2013

The share of insurance premiums brokered by brokerage firms will exceed 50% of total underwritten premiums by 2014, as brokers have expanded networks and increased the quality of services, Bogdan more

21 mar 2013

Romania’s antitrust body announced Thursday it was looking into the takeover by Auchan Romania of real,- Hypermarket chain. more

21 mar 2013

Romania’s leu moved in a tight range against the euro by midday Thursday, amid uncertainty regarding the situation in Cyprus, while the central bank’s reference weakened to 4.4219 units, a new more

21 mar 2013

Romanian regional investment fund SIF Transilvania (SIF3.RO) expects its net profit to fall 29% to 150 million lei (EUR34 million) in 2013, on higher investment costs, the fund said in its draft more

21 mar 2013

Austrian real estate investment group Immofinanz registered rental revenues of EUR35.9 million in Romania in the first three quarters (May 1-January 31) of fiscal year 2012/2013, up some 6% from EUR34 more