14 aug 2012

CEZ Distributie, part of Czech utilities group CEZ, will invest EUR5.7 million to upgrade the largest transformer station in Craiova, southern Romania. more

14 aug 2012

Demand for air taxi services fell 50% as some of the businesspeople and managers of large companies stopped going to meetings with rented helicopters, which cost no less than EUR800 per hour to rent, more

14 aug 2012

The European Commission sent refunds worth EUR96 million to Romania in July, these being the last funds that the EU has sent into the local economy until the European officials finalize their audit in more

14 aug 2012

International private equity firm Advent International is preparing a discreet exit from Labormed in a complex process, which will in a first stage involve handing over its stake to individuals, more

14 aug 2012

Leonardo, the largest Romanian footwear retailer, which went insolvent in the second half of 2009, hopes to cut its losses in half this year against 2011, when they amounted to EUR6.3 million. 2012 more

14 aug 2012

Romanian farmers have received almost EUR4 billion for investment projects in the six years the EU has been pumping funds into agriculture. But what is the actual impact of these funds on agriculture more

13 aug 2012

Banca Romaneasca will take over 93.57% of the stock of NBG Leasing, replacing National Bank of Greece as majority stakeholder, following a successive reduction and increase of capital to 15.56 million more

13 aug 2012

Romanian furniture maker Rus Savitar will invest 23.5 million lei (EUR5.18 million) to upgrade and expand its upholstered product factory in Timisoara, a project that will receive co-financing from more

13 aug 2012

Romanian power producer Hidroelectrica cannot recover from insolvency this year, but more likely in June 2013, said Remus Borza, general manager of the state-owned company's legal administrator, Euro more

10 aug 2012

Romanian construction systems maker Teraplast (TRP.RO) reported turnover of 98.52 million lei (EUR22.4 million) in the first semester of 2012, and losses of RON3.86 million, 22% lower on the year. more

10 aug 2012

Romanian chemical fertilizer maker Azomures (AZO.RO) on Friday announced its turnover increased by 14% in the first semester, to 995.1 million lei (EUR226.6 million), while its profit climbed by 1.5%, more

10 aug 2012

Romanian generic drugs wholesaler Ropharma Braşov (RPH.RO) Friday announced sales of 207.48 million lei (EUR47.2 million) in the first six months, up 10% on the year, and profit of RON4.38 million, more

10 aug 2012

Romanian glass container producer Stirom Bucharest (STIB.RO) reported revenue of 100 million lei (EUR22.7 million) in the first six months, down 12% on the year, and profit of RON4.8 million (EUR1.1 more

10 aug 2012

Romanian metal and alloy maker Laminorul Braila (LMRU.RO) Friday said sales fell to 110 million lei (EUR24 million) in the first half of 2012, from RON480.8 million in the first half of 2011, because more

10 aug 2012

The International Monetary Fund, the European Commission and the World Bank told the Romanian Parliament's committee for budget and finance that, for the time being, they do not agree with reducing more

10 aug 2012

Software solutions provider EBS Romania reported turnover of EUR6 million in the first half of 2012, up 56% compared with the similar interval a year ago. more

10 aug 2012

Romania's General Prosecutor's Office has asked the Chamber of Deputies for approval to begin the criminal investigation of Victor Paul Dobre, deputy and former Minister of Administration, who is more

10 aug 2012

The Finance Ministry is preparing to increase public sector wages through derogation to the law of fiscal responsibility, while cutting infrastructure spending in this year’s first budget more

10 aug 2012

The biggest campaign to recruit CEOs for state-owned companies subordinated to the Transport Ministry, which started a few days ago, risks to lose its credibility, after on Thursday representatives of more

9 aug 2012

Romania's Government has asked the International Monetary Fund to agree to delaying the introduction of copayment in healthcare, people close to the matter told MEDIAFAX, adding that the Fund's more

9 aug 2012

Charging healthcare contributions as a share of the national average wage for employees earning less will encourage illicit labor, layoffs and restrict the hiring of young graduates, especially in the more

9 aug 2012

Sodo Migliori group, which owns the Cellini stores, some of the Swarowski stores and luxury monobrand Gucci on the Romanian market, expects a turnover of over EUR25 million for this year, a stagnation more

9 aug 2012

The end of the week is expected to bring heated discussions between the Ponta government and the International Monetary Fund (IMF), as authorities make a last attempt to persuade foreign experts to more

9 aug 2012

The total losses of the Romanian postal company in the past three years amount to 484 million lei (EUR106.6 million) and the company risks to collapse if its restructuring plan is not successful. more

8 aug 2012

Romania's Transport Ministry has pledged to privatize railway freight carrier CFR Marfa by December 2012, says a statement released Wednesday, after minister Ovidiu Silaghi's meeting with the IMF, more