17 dec 2012

Romanian regional investment fund SIF Transilvania (SIF3.RO) registered losses of 740,000 lei (about EUR165,000) in November, but its profit in the first eleven months of RON220.3 million, is still more

17 dec 2012

Romanian rubber bands maker Artego Targu Jiu (ARTE. RO) on Monday said it estimates to pay its shareholders gross dividends of about 5 million lei (EUR1.1 million) from this year’s profit, more than more

17 dec 2012

The Bucharest stock exchange inched up in early trade Monday, b ut the volumes remained very low. more

17 dec 2012

The Romanian leu extended gains Monday morning, trading below 4.46 against the euro for the first time since August, on high transferred volumes. more

17 dec 2012

International trader Glencore is in talks to buy vegetable oil producer Prutul Galati, owned by Romanian businessman Marian Andreev, people close to the talks told Ziarul Financiar. more

14 dec 2012

The Bucharest stock exchange closed nearly flat Friday, similar to the main European markets, while trades with shares of Banca Transilvania (TLV.RO), Fondul Proprietatea (FP.RO), BRD-Groupe Societe more

14 dec 2012

The Romanian Government will continue the “First Home” program in 2013, with additional guarantees of EUR200 million that should last by midyear, according to a decision draft published on Finance more

14 dec 2012

The recent uptick on Romania’s financial markets might make the government more reluctant to accept difficult reforms requested by the International Monetary Fund, and this could complicate the more

14 dec 2012

Romanian state-owned postal company Posta Romana will be privatized through a share capital hike, and the future investor will hold a 51% stake in the company instead of a previously agreed 20%, more

14 dec 2012

Romania’s leu reversed earlier losses against the euro by midday Friday, helped by foreign currency sales from foreigners, and the central bank’s reference won 0.7% on the day to 4.4747 units, the more

14 dec 2012

More than 80 stocks on the Bucharest market fell more than 25% this year, even though the BET and BET-FI indexes increased. more

13 dec 2012

Romania’s Finance Ministry sold 2.07 billion lei (EUR460 million) at two bond auctions Thursday, well above the planned amount, at average annual yields of 6.44% and 6.57%, respectively. more

13 dec 2012

Romanian tourism group Eurolines estimates its sales will increase 32% in 2012 to 243 million lei (EUR54 million), Dragos Anastasiu, the owner of the group, said Thursday. more

13 dec 2012

China's Suntech Power Holdings Co., one of the world's largest solar panel producer, will supply Italy's SunSystem photovoltaic panels with a total capacity of 25 MW for the construction of two more

13 dec 2012

Romania’s leu continued to advance versus the euro Thursday afternoon, supported by hard currency sales from foreigners, and moved below the 4.5-unit threshold amid a positive sentiment in the more

13 dec 2012

Romania’s consolidated budget deficit widened to 1.8% of the gross domestic product at the end of November, from a gap of 1.19% of GDP a month earlier, government sources said Wednesday. more

13 dec 2012

Romanians pay an average of EUR30,000 for medical treatment abroad, according to a survey conducted by private health insurance company MediHelp International and its partners, based on average more

13 dec 2012

Romania’s leu gained further against the euro by midday Thursday and the central bank’s reference strengthened 0.5% to 4.5075 units, the highest in two weeks. more

13 dec 2012

Romania’s leading oil company OMV Petrom (SNP.RO) has sold electricity worth 93.5 million lei (EUR20.74 million) on the local energy exchange OPCOM, slightly below the planned amount, exchange data more

13 dec 2012

Romanian organized crime prosecutors searched several places in Bucharest and in three counties targeting a group of bank fraud suspects accused of having taken illegal loans from two banks and of more

13 dec 2012

Romanian insolvent energy producer Hidroelectrica plans to invest EUR130 million in several micro-hydropower plants by 2016 to diversify its revenue sources, the company’s designated administrator more

13 dec 2012

Romania will increase staff expenses by 1.8 billion lei (EUR0.4 billion) next year to restore public wages, after they were cut by 25% in 2010, while capital expenses will be reduced by RON1.2 more

13 dec 2012

Metro Cash&Carry Romania, part of Metro Cash & Carry International, has reached a network of 500 franchised convenience stores under the brand "La Doi Pasi" (Two Steps Away), a concept launched on the more

13 dec 2012

The Bucharest stock market opened slightly up Thursday, but volumes remained low. more

13 dec 2012

The Romanian leu strengthened Thursday morning, trading below 4.52 per euro in a market led by foreign players’ euro sales, dealers said. more