7 dec 2012

Romania’s leu traded near 4.535 to the euro by midday Friday, while the central bank’s reference gained modestly to 4.5349 units, from 4.5394 units a day earlier. more

7 dec 2012

Household electronic appliances contributed over 44% of sales on Black Friday in Romania, and were followed by IT products (30%) and electronics (24.3%), according to a survey conducted by market more

7 dec 2012

The Bucharest stock market inched down in early trade Friday, while the bourse’s overall traded value remained extremely low. more

7 dec 2012

The Romanian leu rose against the euro after the first trades Friday morning, but it later erased much of its advance, in line with the other currencies in the region. more

7 dec 2012

Romanian construction works fell 0.7% in October from a month earlier, due to declining activity in most sectors, the statistics institute INS said Friday. more

7 dec 2012

Romanian energy output fell 2.1% on the year to 19 million tons of oil equivalent in the first ten months, on declining production in the hydropower and nuclear sectors, official data showed Friday. more

7 dec 2012

Automotive News, one of the world’s most prestigious car news publications, dedicated the cover story of its December Global Monthly supplement to an analysis of the Dacia brand, naming the Romanian more

6 dec 2012

The Bucharest stock market closed slightly up Thursday, and transactions with shares of investment fund Fond Proprietatea (FP.RO), the Bucharest Stock Exchange (BVB.RO), and SIF Transilvania more

6 dec 2012

Romania’s Finance Ministry sold a planned 500 million lei (EUR110.1 million) at two bond auctions Thursday, at slightly higher yields compared with the previous tenders, central bank data showed. more

6 dec 2012

Tire maker Goodyear Dunlop Tires Romania has opened a Premio Proinvest repair shop in Alexandria, southern Romania, and will launch two more units in Constanta (SE) and Bistrita-Nasaud (N) to bring more

6 dec 2012

Romania’s financial services market will likely face a shortage of talent in the upcoming period, especially at middle and senior management levels, a survey from consultancy firm Deloitte showed more

6 dec 2012

Bucharest-based real estate compound Cortina Residence, under bankruptcy, will be auctioned off again at a lower price of EUR7.33 million. more

6 dec 2012

Bucharest shares inched higher Tuesday morning, tracking international markets, but volumes remained scarce amid reduced appetite from investors. more

6 dec 2012

Romania’s leu moved in a narrow range against the euro in early action Thursday, amid scarce interest from investors. more

5 dec 2012

Citigroup will sell or scale back its consumer banking operations in five countries, including Romania, as part of a larger repositioning strategy that aims to cut costs and boost efficiency, the more

5 dec 2012

The Bucharest stock exchange closed down 0.2% Wednesday, unlike the main European markets, while the bourse’s liquidity was mainly lifted by transactions with shares of investment fund Fondul more

5 dec 2012

Romania’s leu recovered part of its earlier loss against the euro in late trade Wednesday, but closed weaker on the day, amid higher demand for foreign currency. more

5 dec 2012

Romanian life insurer BCR Asigurari de Viata, part of Austria's Vienna Insurance Group (VIG), on Wednesday reported a 5% increase in underwritten premiums to 275.36 million lei (EUR60.5 million) on more

5 dec 2012

Romania’s leading oil company OMV Petrom (SNP.RO) plans to raise 116.6 million lei (EUR25.6 million) from selling 0.5 terawatt hours of electricity on the local energy exchange OPCOM. more

5 dec 2012

Romania’s leu extended earlier losses against the euro by midday Wednesday and the central bank’s reference weakened 0.3% to 4.5454 units, the lowest level in the past six weeks. more

5 dec 2012

Romania’s long-delayed nuclear power project in Cernavoda will most likely be completed with financial assistance from Chinese investors, deputy economy minister Rodin Traicu said Wednesday. more

5 dec 2012

A delegation of Russian energy producer TISE will arrive to Bucharest in a few days for talks on a “strategic collaboration” in the chemical and oil sectors, deputy economy minister Rodin Traicu more

5 dec 2012

Romania is ranked 66th in the 2012 Transparency International corruption perception index, on a par with Saudi Arabia and Kuwait, up nine spots since last year. more

5 dec 2012

Romanian average net salary rose 0.9% to 1,552 lei (EUR342) in October, from RON1,538 a month earlier, the statistics institute INS said Wednesday. more

4 dec 2012

Romanian insurer Astra Asigurari will redeem shares of 1.73 million lei (EUR0.38 million), or 0.3% of its share capital, according to a decision approved by shareholders on December 3. more