19 dec 2012

The occupancy rate of office project Swan Office & Technology Park in Romania's capital city Bucharest increased to 35% this year, led by new rentals and the expansion of existing tenants, real estate more

19 dec 2012

Romania’s leu weakened against the euro by midday Wednesday, amid growing demand for hard currency, and the central bank’s reference lost 0.2% on the day to 4.4778 units, from a three-month high more

19 dec 2012

The Romanian leu traded around 4.46 versus the euro Wednesday morning, with volumes staying higher than the usual for the pre-holiday period. more

19 dec 2012

The Bucharest-listed shares were higher in early trade Wednesday, on improved trading volumes, driven by Erste Group Bank (EBS.RO). more

18 dec 2012

Romania’s government has extended by yet another year the deadline by which it plans to sell minority stakes in key state-run companies, according to a draft executive decision approved Tuesday. more

18 dec 2012

French carmaker PSA Peugeot Citroen will reorganize its business in Romania and will close down its local Citroen subsidiary, which was opened in Bucharest in 2007, the company said in a press release more

18 dec 2012

Romania’s leu gained modestly versus the euro Tuesday and closed slightly below 4.47 units, after a calm session. more

18 dec 2012

Romania’s Government on Tuesday approved a draft emergency ordinance setting up the Financial Supervisory Authority (ASF), Prime Minister Victor Ponta said Tuesday. more

18 dec 2012

Joint teams from the International Monetary Fund, the EU and the World Bank will come to Bucharest around January 10 to review Romania’s progress under a EUR5 billion loan agreement and discuss the more

18 dec 2012

Lukerg Renew, a joint venture between Russia's Lukoil and Italian energy group ERG, has acquired an 84MW wind project in Romania from Italian renewable developer Inergia, Windpower Monthly reported more

18 dec 2012

Romanian steam generator and pump manufacturer Vulcan Bucuresti (VULC.RO) Tuesday said it faces difficulties in ensuring working capital, following an increase in demand. more

18 dec 2012

Romania needs more structural reforms to accelerate economic growth and a new loan agreement with the International Monetary Fund could help strengthen political will to implement difficult measures, more

18 dec 2012

Romania’s insolvent power producer Hidroelectrica has obtained a significant debt reduction from one its main creditors, the Voith Hydro-Andritz Hydro German-Austrian consortium, the energy more

18 dec 2012

Magdalena Manea has been elected member in the supervisory board of Romanian lender Banca Comerciala Carpatica (BCC.RO), the bank said Tuesday. more

18 dec 2012

The Romanian telecommunications market increased 3.5% in the first half of the year, to 7.48 billion lei (EUR1.64 billion), boosted by higher revenues form internet access, mobile telephony and more

18 dec 2012

Prime Minister Victor Ponta said Tuesday the new government will be made of 24 ministers, including ministers-delegate and a vice-premier. more

17 dec 2012

Romania’s leu lost part of its earlier gains versus the euro in late trade Monday, but closed slightly stronger on the day, amid above-average volumes. more

17 dec 2012

Bucharest’s sector 6 city hall wants to contract a credit line of up to 240 million lei (EUR53.8 million) to finance building thermal rehabilitation projects, and the capital’s sector 4 mayoralty more

17 dec 2012

Romania’s new Government will have three deputy prime ministers, namely Liviu Dragnea (Social Democratic Party), Daniel Chitoiu (National Liberal Party) and Gabriel Oprea (National Union for the more

17 dec 2012

Romanian new passenger car sales fell 24.9% on the year to 66,834 units in January to November, from 89,032 units in the year-earlier period, the Automotive Manufacturers and Importers Association, or more

17 dec 2012

Total hourly labor costs in the Romanian economy rose 7.2% on the year in July through September, the second largest increase in the European Union, official data showed Monday. more

17 dec 2012

Romania’s leading bank group Banca Comerciala Romana (BCR) will lay off 1,600 employees over the next 12 to 18 months and will close over 60 local units, as part of a larger cost-cutting strategy, more

17 dec 2012

Romania’s leu advanced against the euro by midday Monday amid investor optimism following Prime Minister Ponta’s reappointment, and the central bank’s reference strengthened to 4.4675 to the more

17 dec 2012

Stjepan Udovicic has been appointed marketing manager at mobile operator Orange Romania, replacing Dorin Odiatiu, who was named public affairs, partnership and wholesale manager in May. more

17 dec 2012

Romania’s central bank (BNR) capped its repurchasing operation for the 11th consecutive time Monday, while keeping the repo ceiling unchanged at 4 billion lei (EUR0.89 million). more