27 apr 2012

Romanian Banca Transilvania (TLV.RO) treasurer Luminiţa Runcan has been appointed deputy general manager and approved by the bank's board on Thursday. more

27 apr 2012

Romanian hotel operator Compania Hoteliera Intercontinental Bucuresti (RCHI.RO), which manages the Intercontinental hotel in Bucharest, posted profit of almost 1.2 million lei (EUR274,000) last year, more

27 apr 2012

Romanian steel processor Mechel Targoviste (COS.RO) expects a net loss of 116 million lei (EUR26.5 million) this year, 13% lower than RON133 million in 2011. more

27 apr 2012

The new strategy of Romania's Pool of Insurance Against Disasters (PAID) is to raise the premium for mandatory home insurance and allow only PAID shareholders to sell such policies. more

27 apr 2012

Romanian milling and bakery company Boromir Prod Buzau (SPCU.RO) plans to double its profit this year, to 2.7 million lei (EUR617,000), and to invest EUR2.6 million to expand its production more

27 apr 2012

Romanian small and medium companies facing enforced debt payment proceedings will have access, as of July 1, to loans with government guarantees and counter-guarantees, as long as their destination more

27 apr 2012

The turnover of furniture retailer kika Romania grew 6% in the financial year ended March, and the Austrian parent group expects it will increase by 5% to 10% this year. more

27 apr 2012

Romania's state-owned radio broadcasting company SRR last year had revenue of 195.2 million lei (EUR44.6 million) from the radio fee, and over RON4 million from advertising, reporting total revenue of more

27 apr 2012

Dan Ioan Popp, the founder the real estate developer Impact Developer&Contractor (IMP.RO), was replaced from his position as chairman of the board of directors during the general meeting of more

27 apr 2012

The local electronics and appliances distribution market, worth an estimated EUR1.3-EUR1.5 billion per year, has not been very affected by the freeze of the accounts and the insolvency of IT&C more

27 apr 2012

The best proof that Romania is lagging behind in terms of attracting European funds was given on Wednesday during a visit by the president of the European Council. more

27 apr 2012

The spectacular rise of collection from the corporate tax and the higher amount attracted to the budget in March from individual income taxes contributed to the rise of budget revenues by 16.2% more

27 apr 2012

Clothing retailer C&A, one of the largest in the world, made EUR45 million to EUR50 million in revenue in Romania in the fiscal 2011, double as much as in 2010, according to ZF estimates. more

27 apr 2012

At the entrance to Unirea shopping center next to McDonald’s, one of the most popular meeting places for young people in Bucharest, customers continue to flock 5-10 minutes before 10 AM, waiting for more

26 apr 2012

Romanian alumina producer Alum Tulcea (BBGA), controlled by the Vimetco group through Alro Slatina, is planning investments worth $6.85 million this year. more

26 apr 2012

Romanian regional investment fund SIF Transilvania (SIF3.RO) on Thursday approved paying a gross dividend of 0.1712 lei (EUR0.04) per share from the 2011 profit, 5.7 times higher than the dividend more

26 apr 2012

Romanian aircraft parts manufacturer Turbomecanica (TBM) estimates it will switch to net profit of 34.3 million lei (EUR7.84 million) this year, after total losses of RON66.6 million in the previous more

26 apr 2012

Romanian regional investment fund SIF Transilvania (SIF3.RO) Thursday reported revenue of 90.9 million lei (EUR20.8 million) in the first quarter, 54.1% higher on the year. more

26 apr 2012

Romanian railway administrator CFR on Thursday signed nine contracts, worth a total EUR183.5 million and financed from European funds, for infrastructure upgrade projects. more

26 apr 2012

Romanian private pension fund administrators will be required to send a detailed report on their investments to regulator CSSPP every week, in accordance with two bills that amend current rules on more

26 apr 2012

Rainwater evacuated through the public sewage system in Romanian towns costs more than household water, because of an anomaly in a price formula that has not been improved in decades, despite a number more

26 apr 2012

Almost 190,000 Romanians were earning more than 5,000 lei (over EUR1,140) in gross salary in October 2011, almost as many as in October 2008, even though the total number of employees went down by more

26 apr 2012

Volksbank Romania, the only bank in Central and Eastern Europe still held by Austrian group Volksbank, will be indirectly controlled by the government in Vienna as of Thursday once the nationalization more

26 apr 2012

The shareholders of Fondul Proprietatea asked for the process of dividend payment to be sped up in Wednesday’s general meeting of shareholders in which the payment of dividends worth 531 million lei more

26 apr 2012

The Romanian central bank's plan for coping with problems in the banking sector is almost ready. The measures go from the transfer of assets from ailing banks to healthy banks, up to the setting up of more