13 dec 2012

Romanian plane construction and repair firm Aerostar Bacau (ARS.RO) estimates its turnover will rise 27% to 210 million lei (EUR46.3 million) in 2013, compared to an estimated turnover of RON165 more

13 dec 2012

Romanian foreign direct investment, or FDI, rose 20% on the year to EUR1.27 billion in January to October, the central bank data showed Thursday. more

13 dec 2012

Romania's current account deficit narrowed to EUR4.34 billion in the first ten months of 2012, from EUR4.9 billion in the year-earlier period, mainly due to a lower income deficit and higher current more

13 dec 2012

Fashion retailer Takko, which arrived in Romania in 2007, will open ten stores next year, for a total of over 70 throughout the entire country. The German-held company is thus continuing to expand at more

13 dec 2012

Instead of simplifying the administrative apparatus as it had promised to do, the ruling coalition wants to create new ministries. more

13 dec 2012

ExxonMobil, which is conducting the most extensive deepwater exploration campaign in the Black Sea ever together with OMV Petrom (SNP.RO), is expected to buy about $1 billion in equipment and services more

12 dec 2012

Romania’s Unifarm will increase its share capital by up to EUR1 million in order to purchase oncologic drugs in a special regime, Health Minister Raed Arafat said Wednesday. more

12 dec 2012

The Romanian Government approved in Wednesday meeting an increase of local taxes and duties by up to 16.05% in 2013. more

12 dec 2012

German retailer Lidl will open one new store Thursday in the northwestern town of Cluj-Napoca, expanding its Romanian network to 155 units. more

12 dec 2012

Romanian private healthcare provider MedLife estimates its turnover will increase 20% this year to EUR58.8 million. more

12 dec 2012

Romania’s leu extended earlier gains versus the euro by midday Wednesday and the central bank’s reference strengthened to 4.5317 units, from 4.5388 units a day earlier. more

12 dec 2012

Romanian insurance broker Safety Broker and investment bank BAC Romania have launched a website Wednesday allowing visitors to conclude online insurance policies, following an investment of over more

12 dec 2012

Romanian alumina producer Alum Tulcea (BBGA.RO) said Wednesday it has invested $10 million in upgrading its slag dump since 2009, when it started its activity. more

12 dec 2012

Staff spending will be capped next year in all state institutions, except in education and healthcare, Prime Minister Victor Ponta said Wednesday. more

12 dec 2012

Mobile operator Orange Romania has launched Wednesday its Long Term Evolution (LTE) network, which will enable customers to transfer data at speeds of up to 75 Mbps. more

12 dec 2012

Romanian steel tubes maker Zimtub Zimnicea (ZIM. RO) will be delisted from the Bucharest Stock Exchange Friday after the country’s securities commission CNVM approved the process Tuesday. more

12 dec 2012

The Romanian leu gained ground against the euro in early trade Wednesday, on increased volumes, dealers said. more

12 dec 2012

Romanian regional investment fund SIF Oltenia (SIF5.RO) on Tuesday sold a stake of 0.04% in OMV Petrom (SNP.RO) for 9.4 million lei (EUR2 million). more

12 dec 2012

The Bucharest stock exchange opened on a slight upward trend Wednesday, in line with thge major European markets, but the traded values remained reduced. more

12 dec 2012

Macromex, the largest local distributor of frozen products, has entered the ice cream segment by opening the La Strada mini-ice cream parlor in Mega Image in Bucharest’s Vitan mall. more

12 dec 2012

The future single watchdog of Romania’s financial markets could be no more than a formal change because it is still parties who appoint the management. more

12 dec 2012

The low traded volumes on the Bucharest stock exchange and especially the lack of development prospects for the local capital market have forced about 25 brokerage firms to either close or leave the more

11 dec 2012

Romanian Premier Victor Ponta said Tuesday the draft emergency ordinance on setting up the Financial Supervisory Authority ASF will be presented Wednesday in Government meeting and will remain under more

11 dec 2012

The policy priorities of Romania’s new administration once it assumes office and the ability to implement these priorities over the next several months are the main issues to follow in the coming more

11 dec 2012

Romanian President Traian Basescu will convene the Parliament and will announce the calendar of discussions on designating the country’s new prime minister after the results of parliamentary more