3 mai 2012

Tender Grup, controlled by Romanian businessman Ovidiu Tender, has signed a lease agreement with the Agency for Management and Cooperation between Senegal and Guinea-Bissau for the geological more

3 mai 2012

The shareholders of Romanian energy complexes Craiova, Rovinari and Turceni on Monday approved their merger into Complexul Energetic Oltenia, according to a report sent Thursday to Fondul more

3 mai 2012

The tender for a feasibility study for the Ro-NET project, to develop broadband Internet infrastructure in Romania, which will receive EUR84 million from the EU, cannot be held by the deadline of May more

3 mai 2012

German group Siemens' turnover on the Romanian market exceeded EUR500 million in the last three years from its operations in industry, energy, healthcare and IT. more

3 mai 2012

Romania's Prime Minister-designate, Victor Ponta, said Thursday that salary raises for the public sector are included in the government program, adding that he hopes negotiations with the IMF on this more

3 mai 2012

Sorin Blejnar, former head of Romania's tax authority ANAF, has announced he is resigning from the department for the investigation of large wealth, because he will not work in an administration led more

3 mai 2012

Romanian President Traian Basescu said Thursday that Moldova is unlikely to turn into a buffer-state between NATO and Russia, on account of Romania hosting elements of the missile defense system, but more

3 mai 2012

Retailers in AFI Palace Cotroceni mall in Bucharest, controlled by Israeli group AFI Europe, posted sales of EUR46.1 million in the first three months of this year, up 15% on the similar period of more

3 mai 2012

Although stock exchange investors will collect record-high dividends, of over 3.6 billion lei (more than EUR800 million) this year, they are unhappy that some companies start to pay dividends four or more

2 mai 2012

Romanian drug distributor Farmaceutica Remedia Deva (RMAH.RO) posted turnover of 54 million lei (EUR12.4 million) in the first quarter of 2012, up 7% on the year, and profit down by 10%, to RON2.2 more

2 mai 2012

Romanian river navigation company Navrom Galati (COVG.RO) switched to profit last year, posting net earnings of 2.21 million lei (EUR500,000), after losses of RON3.45 million in 2010, according to the more

2 mai 2012

Romanian poultry producer Avicola Bucuresti (AVBW.RO) reported turnover of 26 million lei (EUR6.13 million) in 2011, up 10% from RON23.6 million in 2010. more

2 mai 2012

Romania's outgoing Cabinet wants to allot more than 33.6 million lei (EUR7.6 million) from the budget reserve fund to build and repair churches, arguing that they were damaged by last winter's more

2 mai 2012

Johann Lurf will step down as president of Volksbank Romania, after two years in the position, and the bank will have a replacement in June. more

2 mai 2012

Romanian Agriculture Minister-designate Daniel Constantin said Wednesday that the ministry must access around EUR2.5 billion in European funds by the end of the year. more

2 mai 2012

Mega Image, a member of Belgian group Delhaize, plans to open nine new supermarkets in Romania in May, the first of which, a Shop&Go proximity store, will open Thursday in Bucharest. more

2 mai 2012

20 ministers, 200 ministers’ advisors, 300 secretaries of state and advisors, 1,500 heads of local public institutions make up an army of people looking for the advantages of high office. more

1 mai 2012

Banca Transilvania was the most profitable top three bank in the first quarter and the only one to have posted asset growth, as the economy remained difficult. more

1 mai 2012

Prime Minister-designate Victor Ponta said, after the “informal” talk with the joint delegation of the International Monetary Fund, the European Commission and the World Bank, that there are more

1 mai 2012

Average prices of old three-room apartments in Bucharest went up slightly in April for the second month in a row, to EUR78,400, an increase of 0.6% on the previous month, according to ZF’s real more

1 mai 2012

Dobrogea could become Romania’s new energy hub, as the battle for a spot in south-eastern Romania is fought with higher budgets than the entire energy market’s worth, combined with the latest more

30 apr 2012

Romanian brick maker Cemacon (CEON.RO) expects turnover to grow by 65% this year, from 27.3 million lei (EUR6.2 million) to RON45.1 million, and net profit of RON1.02 million, after losses of RON7.05 more

30 apr 2012

Romania's public radio company SRR has leased 32 cars through a contract worth around EUR420,000 with Premium Leasing SRL, a member of the Tiriac Group, controlled by Ion Tiriac. more

27 apr 2012

Romanian President Traian Basescu on Friday designated Victor Ponta, head of the Social Democratic Party (PSD), as Prime Minister. more

27 apr 2012

The shareholders of Romanian lender Banca Transilvania (TLV.RO) on Friday approved increasing the bank's share capital by 129.3 million lei (EUR29.5 million), to RON1.903 billion, and launching a more