21 mar 2013

The Romanian leu was stable versus euro Thursday morning and traded slightly above 4.42 units in the first hour of trading in quiet market and amid low volumes. more

21 mar 2013

The Bucharest stock exchange opened on a downward trend Thursday, following the evolution of the main European markets, on a relatively low traded value. more

21 mar 2013

The Romanian subsidiary of Austria’s Raiffeisen Bank International will purchase Citibank’s Romanian consumer portfolio, the lenders said in a joint statement Thursday. more

20 mar 2013

Fitch Ratings cut by one notch the ratings of several subisidiaries of Italian lender UniCredit, including Romania's UniCredit Tiriac Bank, following the parent group's downgrade, the agency said more

20 mar 2013

The International Monetary Fund approved a three-month extension of the EUR3.6 billion stand-by loan for Romania until the end of June, the fund said in a statement Wednesday. more

20 mar 2013

Romania’s planned deregulation of electricity tariffs will lead to higher costs for household consumers, but the duration of the process will make the impact less severe, the head of utility company more

20 mar 2013

The Romanian stock market closed slightly higher Wednesday, with the shares of the Bucharest Stock Exchange (BVB.RO) closing up 3.77% after a proposal to pay a higher dividend. more

20 mar 2013

Electricity distribution networks in Romania are similar to those in southern Italy back in 1995 and the country needs some 10-15 years to meet current European standards, Luca D'Agnese, chief more

20 mar 2013

Romania’s leu weakened slightly against the euro Wednesday, tracking the currencies in the region amid concern over the situation in Cyprus. more

20 mar 2013

Romania will disburse extra 163 million lei (EUR36.8 million) for state-run coal mining company Compania Nationala a Huilei (CNH), part of a financing package to be used in a restructuring program for more

20 mar 2013

Austria’s CA Immo Wednesday said its revenue from rents in Romania were up 7.3% in 2012, to EUR30.6 million. more

20 mar 2013

Romanian regional investment fund SIF Oltenia (SIF5.RO) estimates its net profit will rise 2.2% to 90.32 million lei (EUR20.4 million) in 2013, from RON88 million a year earlier, the fund said in its more

20 mar 2013

Romania’s Transport Ministry wants to invest 215.8 million lei (EUR47.3 million) in upgrading the Constanta port by deepening its sailing line and basins, as well as increasing transport safety. more

20 mar 2013

Enel Romania Wednesday said its earnings before interest, taxes, depreciation and amortization, or EBITDA, rose 12.6% on the year to EUR231 million in 2012, fueled by higher revenues. more

20 mar 2013

Metro Cash&Carry Romania’s sales fell for the fifth consecutive year to EUR1.018 billion in 2012, from EUR1.06 billion in 2011. more

20 mar 2013

Romanian antitrust regulators will finish in the second half of the year a probe into alleged damaging contracts signed by the National Lottery Company and two Greek companies, the head of the more

20 mar 2013

Romania’s leu traded near 4.42 to the euro by midday Wednesday and the central bank’s reference weakened to a fresh 10-week low of 4.4179 units, from 4.4078 units a day earlier. more

20 mar 2013

Romanian insolvent chemical producer Oltchim Ramnicu Valcea (OLT.RO) on Wednesday said its loss more than doubled on the year to 403.3 million lei (EUR90.5 million) in 2012, with sales halving to more

20 mar 2013

The financial assets of a Romanian, which are generally illiquid assets, are 13 times lower than a German’s, which raises serious questions regarding the financial resources Romanians will enjoy more

20 mar 2013

Romania’s Competition Council and the European Commission (EC) will complete separate inquiries into state-owned hydropower producer Hidroelectrica’s bilateral energy deals in the second half of more

20 mar 2013

The Bucharest stock market was gaining around 0.2% Wednesday morning in a quiet session. more

20 mar 2013

The Romanian leu lost ground against the euro Wednesday morning amid low volumes. more

19 mar 2013

Romanian food company Lactag, which owns a dairy factory and a 17-convenience store network, mulls entering the meat products market by acquiring a factory in the southern county of Dolj. more

19 mar 2013

Romania should postpone the deregulation of natural gas prices to avoid a “major impact” on industrial consumers, Romanian steelmaker ArcelorMittal Galati said in a press release Tuesday. more

19 mar 2013

The Romanian stock market closed higher Tuesday, in an opposite trend from international markets, which were in red at Bucharest closing time. more