28 nov 2012

The European Commission decided Wednesday to resume the payments for Romania’s Sectorial Operational Programme-Environment, which had been blocked in July, the EC’s local unit said in a statement more

28 nov 2012

Romania’s financing needs for 2013 are estimated to stagnate at around 70 billion lei (EUR15.5 billion), equal to 11% of the gross domestic product, Austrian Erste Group Bank AG said in a report more

28 nov 2012

Romania’s leu continued to hover around the 4.51 level against the euro by midday Wednesday and the central bank’s reference weakened slightly to 4.5118 units, from 4.5089 units a day earlier. more

28 nov 2012

Romania’s Competition Council will complete a retail market inquiry at the beginning of 2013 and some of the firms targeted might be penalized, Bogdan Chiritoiu, head of the antitrust watchdog, said more

28 nov 2012

Romanian Competition Council has sent to the central bank its preliminary findings regarding an alleged speculative attack against the leu back in 2008, the head of the antitrust watchdog said more

28 nov 2012

Raiffeisen Bank Romania posted a 20.4% higher net profit at EUR72 million in January to September, from EUR60 million in the year-earlier period, Austria’s Raiffeisen Bank International AG said in more

28 nov 2012

Romania’s Competition Council recommends the liberalization of the car part production market, which would reduce prices, Bogdan Chiritoiu, president of the antitrust watchdog, said Wednesday. more

28 nov 2012

The Romanian leu lost ground against the euro Wednesday morning, trading above 4.51 units, in a quiet market, dealers said. more

28 nov 2012

The Bucharest stock market was losing 0.2% in early trade Wednesday, while the bourse’s liquidity remained low. more

28 nov 2012

Romanian OMV Petrom (SNP.RO), the largest oil and gas company in Southeastern Europe, opened Tuesday a fuel terminal in Isalnita, some 240 km west of Bucharest, following a EUR26 million greenfield more

28 nov 2012

Romanian housing permits fell 5.7% to 3,320 units in October, from 3,521 units a month earlier, the country’s statistics institute INS said Wednesday. more

28 nov 2012

Romanian companies expect activity in construction will continue to decline in the November-January period, but prices in the economy are seen rising, the statistics institute INS said in a survey more

28 nov 2012

The biggest of the 9,000 wells that OMV Petrom (SNP.RO) drills in 240 commercial oil and gas fields can be found in the Black Sea, an area that already generates 20% of the company’s hydrocarbon more

27 nov 2012

The Romanian savings and loan product market has a high growth potential in the medium term, Aurelia Cionga, president of mortgage lender Raiffeisen Banca pentru Locuinte (RBL), said Tuesday. more

27 nov 2012

Romania’s government has increased its asking price for two minority stakes in two Electrica units controlled by Italian utility Enel to EUR124.6 a share from EUR107.07 previously, according to an more

27 nov 2012

The Bucharest stock market closed higher Tuesday, with the shares of OMV Petrom (SNP.RO) down 1.4%, influenced by the rumor according to which an investor aims to sell a large stake in the company. more

27 nov 2012

Romania’s leu advanced against the euro Tuesday and closed 0.4% stronger on the day, amid growing volumes. more

27 nov 2012

Romanian overdue private loans inched up 1.3% on the month to 28.16 billion lei (EUR6.24 billion) in October, equal to 12.1% of the total lending, central bank data showed Tuesday. more

27 nov 2012

Romania’s Government approved Tuesday a decision declaring December 24 and 31, 2012 (Christmas Eve and New Year’s Eve) days off. more

27 nov 2012

Retailer cora Romania opened Tuesday a new shopping center in the capital city Bucharest, following an investment of EUR47 million. more

27 nov 2012

Prices of premium on mandatory car insurance (RCA) are set exclusively by insurers, the Romanian insurance watchdog CSA said Tuesday. more

27 nov 2012

German retailer Billa, part of the Rewe group, will open two stores Thursday in capital city Bucharest and in southeastern city of Constanta, expanding its Romanian network to 68 units, the company more

27 nov 2012

The Romanian leu traded around 4.51 against the euro in early trade Tuesday, mirroring regional currencies, on higher transferred volumes. more

27 nov 2012

Romanian banks have drawn the attention of London-based private equity fund AnaCap, which specializes in buying orphaned subsidiaries. The fund is ready to come up with “substantial capital” in more

27 nov 2012

Only three of the 45 car brands officially sold in Romania posted higher sales in the first ten months of this year compared with the same time of 2007. Ten brands, on the other hand, saw their sales more