3 dec 2012

Romanian net investments rose 16% to 20.28 billion lei (EUR4.5 billion) in the third quarter from the year-earlier period, on increasing activity across the board, the country’s statistics institute more

3 dec 2012

Romanian housing construction fell 6.2% to 10,588 units in the third quarter from the year-earlier period, due to declining activity in urban areas, the country’s statistics institute INS said more

29 nov 2012

The Bucharest stock market closed higher Thursday, with the traded value lifted by transactions with the shares of investment fund Fondul Proprietatea (FP.RO) and oil company OMV Petrom (SNP.RO). more

29 nov 2012

Romania’s leu edged higher versus the euro Thursday, helped by foreign currency sales from a non-resident player, and closed 0.2% stronger at 4.507/4.5095 units, from 4.516/4.5185 units a day more

29 nov 2012

Romania’s Finance Ministry will tap international debt markets again early next year and has already hired HSBC, Citigroup, Barclays and BNP Paribas to help with the sale. more

29 nov 2012

Franke Romania, the local unit of Swiss kitchen systems maker Franke Artemis, expects slightly lower sales in 2012, compared with 37 million lei (EUR8.22 million) a year before, on reduced appetite of more

29 nov 2012

Real estate developer RomReal has got an approval from lender Alpha Bank to extend a EUR11.6 million loan by three years, until November 30, 2015, the company said in a statement Thursday. more

29 nov 2012

Romania’s leu extended its earlier gains versus the euro by midday Thursday and the central bank’s reference strengthened to a two-month high of 4.5059 units, from 4.5118 units a day earlier. more

29 nov 2012

Romanian telecom operator Romtelecom on Thursday said it has appointed Mihai Tudor to the position of chief commercial officer (CCO) for the business segment, replacing George Makowski who left more

29 nov 2012

Romania’s Finance Ministry plans to sell state paper worth 3.1 billion lei (EUR687 million) in December, slightly down from RON3.5 billion sold a month earlier, ministry data showed Thursday. more

29 nov 2012

Only 15% of the Romanian population has a personal life, accident, health or private pension insurance, compared with an average of 26% in the Central and Eastern Europe, a survey of research company more

29 nov 2012

SIF Oltenia (SIF5.RO) and funds managed by Franklin Templeton, administrator of Fondul Proprietatea (FP.RO), bought Wednesday shares in Romanian leading oil and gas company OMV Petrom (SNP.RO) worth more

29 nov 2012

Bank of Cyprus Thursday said it has switched to a nine-month loss of EUR6.6 million in Romania, versus profit a year earlier, hurt by higher provisions and lower revenue from interests. more

29 nov 2012

The Bucharest stock market rose in early trade Thursday, and the bourse’s liquidity was higher than in recent sessions, amid deals with 10.5% of Carbochim (CBC.RO) shares and interest for the shares more

29 nov 2012

A report by Romania’s antifraud department shows businessman Nelu Iordache embezzled EUR6 million from European Union funds via his construction firm Romstrade, as he used the money for various more

29 nov 2012

The Romanian leu gained around 0.4% against the euro in early trade Thursday, on increased volumes, with dealers putting the local currency’s appreciation on high euro sale orders placed by a more

29 nov 2012

Romania's unemployment rate fell to 6.9% from 7.1% in the previous month, seasonally adjusted data from the statistics institute INS showed Thursday. more

29 nov 2012

Medical service provider Romar, held by the Hagicalil family and investment fund RC2, is in talks with a foreign partner to open a 40 to 50-bed hospital in Bucharest. more

29 nov 2012

Retailer Mega Image could end the year with about EUR500 million in sales and a network of 194 stores, almost double the number at the end of 2011, after the most aggressive expansion campaign in the more

28 nov 2012

OMV Petrom (OMV.RO), the largest company in Romania, will have a new chief financial officer as of next year after its current CFO Daniel Turnheim stepped down before the end of his term on April 17, more

28 nov 2012

OMV Petrom (SNP.RO) has gone through a major transformation in the past few years and, but there is still a lot more to be done, as 1,500 projects are in the course of implementation, says Mariana more

28 nov 2012

The European Bank for Reconstruction and Development (EBRD) is extending a EUR175 million loan to Romania’s state-owned railway operator CFR to back reforms and improve rail infrastructure. more

28 nov 2012

The Bucharest stock market closed down Wednesday, with the traded value lifted by deals with 0.4% stake in oil company OMV Petrom (SNP.RO). more

28 nov 2012

The European Bank for Reconstruction and Development (EBRD) Wednesday sold 20% of its stake in Romanian leading oil company OMV Petrom (SNP.RO) for 84.9 million lei (EUR18.8 million). more

28 nov 2012

Romania’s leu retreated against the euro Wednesday and closed 0.2% weaker on the day, after a quiet session. more