18 mar 2013

The Romanian leu fell against the euro Monday as investors lost enthusiasm following euro-area finance ministers’ decision to tax bank deposits in Cyprus as a requirement for a EUR10 billion more

18 mar 2013

The Bucharest stock exchange opened deeply in red Monday, as foreign markets tumbled following the surprise announcement of a bailout plan for Cyprus. more

18 mar 2013

Orange Romania, the leading mobile telephony provider in this country, has signed a deal with SES Astra to launch direct-to-home TV services, sources on the local communications market told ZF. more

15 mar 2013

SIF Muntenia (SIF4.RO) climbed to first place in terms of profitability among the five regional investment funds registered in Romania, with a net profit of 20.3 million lei (EUR4.61 million) after more

15 mar 2013

Romanian drug maker Biofarm (BIO.RO) Friday said it forecasts 10% higher sales in 2012, to 115.1 million lei (EUR26.2 million), from RON105 million a year before. more

15 mar 2013

Romania’s UniCredit Tiriac Bank posted a 9.4% increase in its pretax profit to EUR46 million in 2013, helped by lower provisions for bad loans, the mother bank said Friday. more

15 mar 2013

BRD Sogelease, a unit of French group Societe Generale in Romania, financed 388.8 million lei (EUR87.25 million) goods in 2012, up 17% from a year before, according to a report of BRD-Groupe Societe more

15 mar 2013

Romania's second-largest lender BRD-Societe Generale (BRD.RO) expects it will return to profit in 2013, helped by lower risk costs, the bank said in its draft revenue and expenditure budget for this more

15 mar 2013

President Traian Basescu said Friday, at the end of the European Council meeting, that upcoming talks in the European Parliament (EP) as regards making European funds more flexible will allow Romanian more

15 mar 2013

The Bucharest stock market closed slightly down Friday, with buy orders for Fondul Proprietatea (FP.RO) and three deal transactions with Banca Transilvania (TLV.RO) and investment fund SIF Oltenia more

15 mar 2013

Romania’s leu advanced marginally against the euro in a calm session Friday and closed near 4.39 units, amid low volumes. more

15 mar 2013

Romanian steel maker Mechel Targoviste (COS.RO), which has recently entered insolvency, Friday said it has approved a new organizational chart and will lay off 512 employees. more

15 mar 2013

Alpha Bank’s first vice-president Stere Farmache Friday said he has left the bank to pursue personal projects. more

15 mar 2013

Romanian should get more money from the European Union for tourism infrastructure instead of promotion between 2014-2020, Maria Grapini, minister delegate for small and medium-sized enterprises, more

15 mar 2013

Mihail Talpasanu, deputy general manager of Romania’s insolvent state-run chemical plant Oltchim Ramnicu-Valcea (OLT.RO), has taken over the attributions of the plant’s former general manager more

15 mar 2013

Romania’s leu was stable against the euro by midday Friday and the central bank’s reference strengthened slightly to 4.394 units, from 4.3975 units a day earlier. more

15 mar 2013

Uncertainty about the economy and the lingering financial crisis have pushed many Romanians to save more despite the low interests, Volksbank Romania’s vice-president Lucian Cojocaru said Friday. more

15 mar 2013

Romanian investment fund Fondul Proprietatea (FP.RO) Friday reported a loss of 3.74 million lei (EUR0.85 million) for February, almost three times higher on the month. more

15 mar 2013

The Romanian leu traded in a narrow range above 4.39 per euro Friday morning, in an apathetic market, dealers said. more

15 mar 2013

The Bucharest stock market was slightly down in a quiet market Friday morning, with Fondul Proprietatea (FP.RO) dominating again the trading charts. more

15 mar 2013

Romania could save between EUR4.8 billion and EUR7.4 billion by improving energy efficiency until 2020. more

14 mar 2013

Foreign investors increased their holdings in Romanian investment fund Fondul Proprietatea (FP.RO) to 59.4% in February, from 59% a month earlier, the fund said Thursday. more

14 mar 2013

The Bucharest stock market closed up Thursday, with buying orders for OMV Petrom (SNP.RO) lifting the company's share price by 2.84%. more

14 mar 2013

Romania’s leu recovered earlier losses against the euro in late trade Thursday and closed slightly stronger on the day, amid average volumes. more

14 mar 2013

Romania would be exposed to increased financial risks and would pay higher interests if it were to cut short its EUR5 billion loan agreement with the International Monetary Fund and the EU, Budget more