15 mai 2012

Vouchers for the clunkers scheme are traded on the market at prices ranging between RON2,600 and RON3,000, three times more than in previous years, according to a ZF analysis. more

15 mai 2012

The Muntmarks were among the first people to set their eyes on the wind power three years before Romania became a EU member and now one in two turbines in service are part of a farm they developed. more

15 mai 2012

Georgios Argentopoulos, whom Gabriel Popoviciu and his business partners put in charge of the commercial area of the Baneasa project at the beginning of this year, intends to implement a corporate more

14 mai 2012

Chemical fertilizer maker Azomures (AZO.RO) Monday said its turnover increased 9% in the first quarter, to 446.4 million lei (EUR102.5 million), while the net profit climbed 5%, to RON46.5 million more

14 mai 2012

Romanian home appliance manufacturer Electroarges (ELGS.RO) said Monday its turnover increased 10.3% in the first quarter of 2012, to 39.2 million lei (EUR9 million), while profit increased by 57.4%, more

14 mai 2012

Romanian regional investment fund SIF Oltenia (SIF5.RO) reported revenue of 27.7 million lei (EUR6.3 million) and expenses of RON7.2 million (EUR1.6 million) for the first quarter, the company said more

14 mai 2012

Rubber bands maker Artego Targu Jiu (ARTE.RO) reported turnover of 48.5 million lei (EUR11.1 million) in the first quarter of 2012, 7.3% higher on the year, while its profit climbed to RON2.5 million. more

14 mai 2012

Romania's Labor Ministry has put up for public debate a draft ordinance raising salaries in the public sector by 8% as of June 1 and by a further 7.4% as of December 1. more

14 mai 2012

The revenues of development group Globe Trade Centers (GTC) in Romania and Bulgaria grew by 41% in the first quarter of 2012, compared with the same period of 2011, to EUR5.5 million, with the more

11 mai 2012

Romanian construction systems maker Teraplast (TRP.RO) reported turnover of 37.5 million lei (EUR8.47 million) in the first quarter, 1.4% lower on the year, and losses of RON2.9 million, from a profit more

11 mai 2012

Romanian brokerage house SSIF Broker (BRK.RO) reported net profit up by 86% in the first quarter of 2012, to 4.25 million lei (EUR960,000), but its turnover dropped by almost 11%, to RON843,000, more

11 mai 2012

Romanian plastic profiles producer Romcarbon Buzau (ROCE.RO) Friday said it turned to a net loss of 1 million lei (EUR0.22 million) in the first three months, compared to a net profit of RON3.3 more

11 mai 2012

The work-life balance has improved all over the world, but in Romania it is eight points below the global average, says a survey by Regus, which polled 16,000 employees and businesspeople in 80 more

11 mai 2012

The significant reduction in the exposure of eurozone parent banks to financial markets in the region, including Romania, and the higher volatility of capital flows in general, have become two of the more

11 mai 2012

The nine mandatory private pension funds (Pillar II) were managing 7.5 billion lei (EUR1.7 billion) at the end of April after RON260 million entered the accounts of the 5.6 million contributors, more

11 mai 2012

Ford Europe completed the EUR675 million investments in the plant in Craiova six months ahead of schedule and began production of the EcoBoost engine, the final step before launching the manufacturing more

11 mai 2012

Razvan Badalicescu, former executive vice-president in charge of the corporate banking division of Citibank, has left the telecom group RCS&RDS only a few months after joining the company's management more

11 mai 2012

The start of the year came with different signals from the main sectors of Romania's economy, so a clear trend cannot be outlined for the first quarter of the year, according to data released so far. more

10 mai 2012

Romanian transformer maker Retrasib Sibiu (RTRA.RO) reported turnover down 5% in the first quarter of 2012, to 7.5 million lei (EUR1.7 million), with profit up 17% to RON209,000 (EUR48,000). more

10 mai 2012

The revenues of Romanian engine manufacturer UCM Resita (UCM.RO) declined by 16% in the first quarter, from 37.7 million lei (EUR8.53 million) to RON31.5 million, while losses increased by over 60%, more

10 mai 2012

Romanian hotel operator Compania Hoteliera Intercontinental Bucuresti (RCHI.RO), which manages the Intercontinental hotel in Bucharest, swung back to losses of 2.19 million lei (EUR495,000) in the more

10 mai 2012

Romanian state-owned thermal power producer CE Rovinari has accepted a bid from China Huadian Engineering for the construction of a power plant for EUR800 million, but if negotiations fail, the more

10 mai 2012

Attracting structural funds, reducing tax evasion and measures for economic recovery, alongside public-private partnership, are the main issues that should be on the new Government's mind, says a more

10 mai 2012

A Bucharest court on Thursday decided to release Romanian businessman Dinel Nutu (formerly Staicu), charged with defrauding Transgaz Medias, on bail. more

10 mai 2012

Euronet Worldwide paid $18.3 million to some Greek investors to buy card-processing provider Smart PayNetwork (PayNet) at the end of last year, the company’s annual report reads. more