13 iul 2012

The European Commission is preparing a letter to stop one payment for the construction of Romania's Arad-Nadlac highway, after finding irregularities and suspicions of fraud. more

13 iul 2012

The basic package under Romania's new healthcare law will no longer cover minor illnesses, but mainly major risks and serious disease, and the system will receive extra funding from mandatory car more

13 iul 2012

Money market and bond funds have been the most profitable funds in the past year, with yields of up to 8%, while equity funds, which subject investors to a high risk, posted losses because of the more

13 iul 2012

Mugur Isarescu, the governor of the National Bank of Romania (BNR), on Thursday was very reluctant to comment the situation on the local political scene, which is keeping the leu under pressure and more

12 iul 2012

The sales of retail network LEM'S, operated by Romanian furniture maker Lemet Campina, grew by 21% in the first half of the year, to 70.2 million lei (EUR15.5 million) and might reach RON200 million more

12 iul 2012

German investor Thomas Manns, who has bought Romanian railroad car manufacturers Astra Vagoane Marfa, Meva and Romvag, will invest up to EUR10 million in upgrades in the first year and will resume more

12 iul 2012

Payment of VAT when invoices are paid, not when they are issued, for companies with turnovers of up to EUR500,000, would be beneficial for companies with liquidity problems and could help economic more

12 iul 2012

The domestic furniture market fell 20% in the first three months of this year to EUR122 million, according to the data of the Romanian Furniture Manufacturers’ Association (APMR). Export rose by more

12 iul 2012

Retailer Kaufland, which operates a 75 discount hypermarket network in Romania, has bought part of the land where the Munplast plastics plant used to be, said Maricel Diaconu, one of the indirect more

11 iul 2012

Romanian software developer TotalSoft estimates that its mobile device component and application line will generate revenues of EUR3 million by the end of 2014, with a 30% profitability rate, more

11 iul 2012

Insurance giant Eureko plans to leave Romania early next year after having invested tens of millions of euros in its local subsidiary to offset its losses year after year, sources in the industry say. more

11 iul 2012

Romania’s largest insolvency, that of energy producer Hidroelectrica, is proving an increasingly tough mission, since the company could again use the force majeure clause because of the drought. more

11 iul 2012

Computer sales in the second quarter of this year stagnated at the level of the second quarter of 2011, in terms of number of units. Prices, however, witnessed a significant decline, Bogdan Iftemie, more

10 iul 2012

Romania's National Securities Commission (CNVM) on Monday authorized a request from investment fund manager Vanguard Asset Management to set up the first Exchange Traded Fund on the Bucharest Stock more

10 iul 2012

Romania's Procurement Authority (ANRMAP) will ask the Government to raise the minimum project value at which holding public procurement procedures become mandatory, currently EUR15,000, authority more

10 iul 2012

While USL fights to suspend president Traian Basescu, the leu’s fast depreciation continues, absorption of EU funds is catastrophic and foreign investors are becoming nervous. more

10 iul 2012

Credit Agricole, the second largest French banking group by assets, will replace the Emporiki logo on all the 29 branches of Emporiki Bank Romania by the end of this week. This is part of the process more

10 iul 2012

Kastamonu Romania (the former Prolemn) in Reghin (central Romania), controlled by Kastamonu Entegre, one of the leading wood processing companies in Turkey, will complete a EUR150 million investment more

10 iul 2012

Six members of the executive team of BCR, the largest bank on the market, received overall compensation of over EUR1.8 million in 2011 as salary before tax, while the performance bonus was zero. more

10 iul 2012

The deal whereby railroad car manufacturers Astra Vagoane Arad, Meva SA and Romvag Caracal were sold for EUR30 million comes after more than one year of negotiations and search for investors. more

9 iul 2012

Health Ministry state secretary Alexandru Rafila said Monday, in a press conference, that Romania will probably reach the target of 6% of the GDP for healthcare in the next four years. more

9 iul 2012

Murat Atay, CEO of Garanti Group Romania, has been appointed to the management of Garanti Mortgage Turkey, and will be replaced with Ufuk Tandogan, a banker who has been working in Garanti Turkey for more

9 iul 2012

As politicians continue their battle that culminated on Friday night with the suspension of Traian Basescu as president of Romania, sending him to face a popular vote on whether to keep him in office more

9 iul 2012

The increase in consumer prices in June will be 2.1% and the annual inflation rate will go up to 3.7%. These are the estimates of the Association of Financial-Banking Analysts of Romania. more

9 iul 2012

Foreign institutional investors did not stop buying into Fondul Proprietatea (FP.RO) after Hidroelectrica, in which it holds a stake, went insolvent. They went past 50% in the largest investment fund more