4 dec 2012

The Bucharest stock market closed down Tuesday, while the bourse’s liquidity was mainly lifted by transactions with shares of investment funds Fondul Proprietatea (FP.RO) and SIF Transilvania more

4 dec 2012

Romania’s leu retreated against the euro in a sleepy session Tuesday and closed 0.2% weaker on the day, amid low volumes. more

4 dec 2012

Romania supports efforts to create a European banking union and a single supervisory mechanism for banks, and to strengthen governance in the euro-zone, according to a memorandum approved by the more

4 dec 2012

The average annualized premium on the mandatory car insurance (RCA) segment stood at 455 lei (EUR100) in the first nine months of 2012, down 4% from RON472 in the same interval a year ago, according more

4 dec 2012

The net worth of hotel complex Radisson Blu in Romania’s capital Bucharest is seen at EUR103.5 million, according to a report by Israeli group Elbit Imaging, which holds a 77% stake in Bucuresti more

4 dec 2012

Romania’s National Radiocommunications Company (SNR- Radiocom) has invested over EUR100 million to set up its own national networks, but it still needs EUR20-EUR22 million for upgrades allowing the more

4 dec 2012

Romania’s leu fell against the euro by midday Tuesday and the central bank’s reference weakened 0.3% to 4.5316 units, from 4.5191 units a day earlier. more

4 dec 2012

Romania’s leu moved in a tight range against the euro Tuesday morning, amid low volumes and in line with the currencies in the region. more

4 dec 2012

Romanian authorities could commit to a multiannual allocation of budget resources necessary to provide the co-financing of EU funds that Romania plans to attract by 2015, if the country enters new more

3 dec 2012

Enigma Systems Mobile Virtual Network Operator S.R.L., a company established two years ago, expects to be able to launch its own mobile voice and data services next year, founder and owner Mihai more

3 dec 2012

The stockholders of Romanian leading bank group Banca Comerciala Romana (BCR) decided Monday to increase the bank’s share capital by 501 million lei (EUR110 million) and to amend its constitutive more

3 dec 2012

Romanian state-owned power grid operator Transelectrica (TEL.RO) signed an agreement with companies Alstom Grid Gmbh, SC Alstom Grid Romania, Electromontaj and Retrasib to upgrade power station Tulcea more

3 dec 2012

Romanian foreign exchange reserves fell to EUR31.16 billion in November, from EUR31.77 billion a month earlier, central bank data showed Monday. more

3 dec 2012

Romania’s Finance Ministry sold a planned 500 million lei (EUR110.6 million) at a one-year bills auction Monday, with the average annual yield reaching 6.29% a year, higher than at the previous more

3 dec 2012

Romanian state-owned hydropower producer Hidrolectrica lifted its force majeure on electricity delivery on December 1, as hydrological conditions have improved, the company’s court-appointed more

3 dec 2012

Romania’s management authorities will be transferred under a single authority during 2014-2020, first of all under the coordination of a minister and then under regional control, Prime Minister more

3 dec 2012

The European Investment Bank could extend a EUR157 million loan to the Bucharest authorities for the thermal rehabilitation of multi-storey residential buildings located in the city’s first more

3 dec 2012

Romania’s Competition Council has started an inquiry on the ship piloting and towage market, targeting ports administered by state-owned company Administratia Porturilor Maritime Constanta (CNAPM), more

3 dec 2012

Romania’s leu extended earlier losses against the euro by midday Monday and the central bank’s reference weakened to 4.5191 units, from a two-month high of 4.5059 units in the previous session. more

3 dec 2012

Romania’s central bank capped its repurchasing operation for a ninth straight time Monday, and kept the repo ceiling unchanged at 4 billion lei (EUR0.88 million). more

3 dec 2012

A powerful thunderstorm last night forced the shutdown of one of the two reactors at the Cernavoda nuclear power plant, southeastern Romania, the plant’s operator said Monday. more

3 dec 2012

The Bucharest stock market was slightly up in early trade Monday, while the bourse’s liquidity remained low. more

3 dec 2012

Romania’s leu edged lower against the euro in early action Monday and traded slightly above 4.51 units amid a quiet market. more

3 dec 2012

Romanian businessman Nelu Iordache, owner of construction company Romstrade and low cost airline Blue Air, was placed under preventive arrest Sunday for the alleged embezzlement of 25 million lei more

3 dec 2012

Tourist arrivals in Romania rose 9.6% in October from the year-earlier month, while overnight accommodations were up 5.4% on the year, the statistics institute said Monday. more