18 mai 2012

Work on the Transylvania Highway will continue in Bihor county after the Transport Ministry will pay US constructor Bechtel 98 million lei (EUR22 million), minister Ovidiu Silaghi announced Friday. more

18 mai 2012

The depreciation of the Romanian leu is helping exporters and encourages lending in local currency, but it is also boosting non-performing loans and increases people’s fears, which will impact more

18 mai 2012

Withdrawals from cash points exceeded 100 billion lei (almost EUR23 billion) between April 2011 and March 2012, five times the payments by card to merchants during the same amount of time, central more

18 mai 2012

Jeffrey Notaro, a trader who worked on Wall Street for 18 years, where he traded both bonds and futures contracts, set up investment fund Black Sea Agriculture seven years ago, together with a partner more

18 mai 2012

Limits are only in our minds, and if the bad news is that it is tough out there right now and the good old days will not be back, there is also good news. This is but part of the philosophy of Bruno more

17 mai 2012

Romania spends less on healthcare as a share of the GDP than any other EU state – 5.6% in 2009, compared with the EU average of 9.9%, and 3.7% in 2011, which is only two thirds of the necessary more

17 mai 2012

The board of Romanian state-owned postal operator Posta Romana will discuss Friday a plan to restructure the company and avoid bankruptcy, entailing a new organization, and the sacking of 100 managers more

17 mai 2012

Porsche Finance Group on Thursday announced it had granted funding worth a total EUR33 million in the first three months of the year, up 27% on the same interval of 2011. more

17 mai 2012

After taking over at the helm of Danone Romania in April, Dieter Schultz set several clear objectives for his mandate: the first of them is to keep the company on an upward trend in 2012, even if the more

17 mai 2012

Gheorghe Dobra, the chief executive of aluminum smelter Alro Slatina (ALR.RO) will remain CEO of Alro's parent group Vimetco for one more year, after taking this position at the beginning of 2012. more

16 mai 2012

Dan Stoian, former sales director at Romanian insurer Platinum Asigurari, has been appointed commercial director of FATA Asigurari, according to data on social networking website LinkedIn. more

16 mai 2012

The Association of Romanian Producers of Generic Drugs (APMGR) has called for the immediate suspension of the clawback tax and for discussions to find a viable solution, in the interest of patients more

16 mai 2012

Businessman Dan Sucu, who controls the Mobexpert business, worth around EUR113 million last year, says he was surprised by the good results of provincial stores in the first months of the year, which more

16 mai 2012

Despite the freeze caused by the heavy snowfall and the govenrment change, the economy remained constant in the first quarter compared with the fourth quarter of 2011. more

16 mai 2012

April was the best month this year for the absorption of EU funds, with EUR173 million going into the economy. more

16 mai 2012

The increase in the price of chemical fertilizers worldwide has driven Azomures’ (AZO.RO) revenue over the EUR100 million per quarter mark, and the partial subsidies of the gas price helped the more

16 mai 2012

The corporate sector comes with requests for financing to the bank, most of them eligible, but they tend to focus on cost streamlining and on improving productivity rather than on boosting capacity, more

15 mai 2012

Romanian milling and bakery company Titan (MPN.RO) reported sales of 139.8 million lei (EUR32.1 million) , down 22.7%, for the period October 1, 2011 – March 31, 2012, the first six months of its more

15 mai 2012

Romanian fuels wholesaler Petrolexportimport (PEI.RO) reported 35% lower revenue in the first quarter, 73.7 million lei (EUR16.59 million) from RON113.6 million, but the company made a profit of more

15 mai 2012

Romanian milling and bakery company Boromir Prod Buzau (SPCU.RO) reported sales of 28.1 million lei (EUR6.4 million) in the first quarter, down 18.3% on the year. more

15 mai 2012

Romanian oil and gas equipment maker Armax Gaz Medias (ARAX.RO) reported sales of 17.9 million lei (EUR4.03 million) in the first quarter, down 46% from the RON33.4 million posted in the same period more

15 mai 2012

Romanian poultry processor Avicola Brasov (AVLE.RO) reported sales of 27.8 million lei (EUR6.26 million) in the first quarter of 2012, up 25% on the year, and losses of RON167,000, from RON2.8 million more

15 mai 2012

Romanian insurer Astra Tuesday said revenue from underwritten premiums fell 11.7% on the year in the first quarter, to 295.65 million lei (EUR66.57 million), while its bottom line turned negative, more

15 mai 2012

Vinci Facilities Romania, part of French construction group Vinci, will rehabilitate and upgrade the equipment of steam generator maker Vulcan Bucuresti (VULC.RO), to improve its energy efficiency, more

15 mai 2012

Romanian insurance regulator CSA has received offers from Alico, Generali and ING Asigurari to provide life insurance for its 178 employees, through a contract worth an estimated 27.7 million lei more