8 aug 2012

Romania's Transport Minister, Ovidiu Silaghi, has appointed Sorin Georgescu, representative of Tarom in Rome, to the position of general manager of the airline. more

8 aug 2012

Romania's Finance Ministry says in a document that the Transport Ministry will not carry out any privatizations this year, although the stand-by agreement with the IMF, European Commission and World more

8 aug 2012

The portfolio of Romanian insurer Eureko Asigurari shrunk by 8.9% last year, to 34,738 contracts, while revenue from underwritten premiums climbed 1.7% to 42.04 million lei (EUR9.26 million), more

8 aug 2012

Digital Data Services will develop an IT system for the collection, processing and reporting of statistical data by telecom operators for Romanian telecom regulator ANCOM, through a contract worth more

8 aug 2012

Aluminum component manufacturer Universal Alloy Corporation Europe (UACE) will build metallic structures for companies such as Airbus, Alenia and Boeing, after developing its production facilities more

8 aug 2012

The city of Suceava, northern Romania, will rehabilitate 12 streets and two bridges through a EUR8.3 million project funded through the Regional Operations Program (ROP), mayor Ion Lungu announced more

7 aug 2012

Romania's Communications Ministry has announced it will hold the auction to select a consultant to advise the sale of a 20% stake in national postal operator Posta Romana on September 10. more

7 aug 2012

Erik de Vrijer, head of the IMF mission to Romania, said Tuesday in the meeting with acting president Crin Antonescu that the Fund is worried about the impact of the current political situation on the more

7 aug 2012

Romanian steel works Mechel Campia Turzii (INSI.RO) Tuesday said it will lay off over 400 employees in August and September, on lack of orders. more

7 aug 2012

Metro Cash & Carry has reached a chain of over 300 franchised stores opened under the name “La Doi Pasi,” while a further 250 stores are in the process of being set up. more

7 aug 2012

Mugur Isarescu, governor of Romanian central bank BNR, on Monday warned politicians that Romania would not only be penalized through the depreciation of the leu for the unending scandal, but also more

7 aug 2012

UK’s state-run RBS is taking concrete steps towards putting into practice its strategy to withdraw from its Romanian retail business and focus on services for corporate clients: 350 employees more

6 aug 2012

Lucian Isar has resigned as Romanian minister-delegate for the Business Environment and will be replaced with Mihai Voicu, vice-president of the Liberal Party. more

6 aug 2012

Romanian hydro-technical construction company Socot Targu-Mures (SCTO.RO) reported its first semester revenue decreased 23% on the year, to 46.7 million lei (EUR10.6 million), while pre-tax profit more

6 aug 2012

The operations in Romania of Austrian building materials retailer bauMax will be run, starting September 1, 2012, by Peter Eszényi, former director of expansion on the Romanian market for retailers more

6 aug 2012

Real estate investment firm Immofinanz reported revenue of EUR47.1 million from rents in Romania in the financial year ended July 31, which made up 8% of the company's total revenue. more

6 aug 2012

Romanian Prime Minister Victor Ponta has proposed Mircea Dusa for Minister of Interior, Radu Stroe for Minister-delegate for Administration, Titus Corlatean for Minister of Foreign Affairs, Dan Sova more

3 aug 2012

French retailer Auchan will buy a hypermarket in Pitesti, Romania from South African investment fund New Europe Property Investments (NEPI) for EUR28.7 million. more

3 aug 2012

Romania's Government has drastically scaled back its expectations for the sale of state-owned buildings managed by RA-APPS, from 706 million lei (RON151.89 million) to RON296.2 million, as most of the more

3 aug 2012

Romania's suspended president, Traian Basescu, said Friday he is not surprised by the Constitutional Court's postponement of its ruling on the outcome of the referendum, as a result of a "trick" on more

3 aug 2012

The Government will start talks this autumn over a state aid scheme for small and medium-sized enterprises in the IT sector, after this week it approved EUR100 million in aid for the large companies more

3 aug 2012

Agro Chirnoghi, part of the Maria group controlled by a group of Lebanese businessmen, has, thanks to irrigation, managed to obtain an average production of 5 tons of wheat per hectare, down by a more

3 aug 2012

Entrepreneur Octavian Badescu, who at 36 owns several businesses and has a portfolio of several hundred thousand euros on the Romanian and US stock exchanges, says Romanians tend to avoid thinking more

2 aug 2012

OMV Petrom (SNP.RO) has completed the trials of its thermal power plant at Brazi, meaning the plant can begin supplying energy to the market, the company announced Thursday. more

2 aug 2012

Romania's Constitutional Court has postponed for September 12 its ruling on the referendum to impeach President Traian Basescu, to first check voter lists, according to people close to the matter. more