23 apr 2012

Gorj-based businessman Nicolae Sarcina, who controls the Succes business, is set to buy four of the five hypermarkets of insolvent PIC chain, according to sources close to the deal. more

23 apr 2012

Hochland Romania, the country’s largest local cheese producer, says the exports of its two plants in Sighisoara and Sovata (central Romania) have become a strategically important component as more

23 apr 2012

Italo Romena bank, which operates as a subsidiary of Italian group Veneto Banca, has set as a target for this year to hold on to its volume of financing of around EUR950 million, believing the more

22 apr 2012

Romania's Ministry of Transport on Sunday announced the discovery on the site of the Orastie-Sibiu highway of a cache of bronze and iron pieces dating from the Iron Age. more

22 apr 2012

Romanian road authority CNADNR has received a single bid, from consortium Ager Business Tech - Operational Autoleasing, for an operating leasing contract for 256 vans necessary for road maintenance, more

22 apr 2012

Real estate developers and construction firms are not interested in financing the Romanian Housing Agency's program to build homes for rent, believing the share of the rents they would receive is more

22 apr 2012

A delegation from the International Monetary Fund (IMF) will begin Tuesday the fifth review of a EUR3.5 billion precautionary agreement signed last spring. more

22 apr 2012

Romania's Government will declare April 30, 2012 a non-working day for the public sector, to be recouped in a Saturday in May, so that the May Day vacation might be longer, Prime Minister Mihai Razvan more

20 apr 2012

Piraeus Bank Romania, the local unit of Greek financial group Piraeus, reported a pretax profit of EUR31 million in 2011, down 64.5% from EUR51 million a year earlier. more

20 apr 2012

The National Bank of Greece (NBG) posted losses of EUR13 million in Romania last year, compared with profits of EUR13 million in 2010, as a result of falling revenue. more

20 apr 2012

The EFG Eurobank group, the majority shareholder of Bancpost, reported losses of EUR25.1 million in 2011 in Romania, after net profits of EUR15.8 million in 2010. more

20 apr 2012

Alpha Bank Romania's pre-tax profit dropped 75.4% last year, from EUR49.2 million in 2010 to EUR12.1 million, the bank's Greek parent group announced Friday. more

20 apr 2012

Romania's Government has announced it plans to carry out this year's first budget revision in the second semester, during the parliamentary recess, scheduled for July-August 2012. more

20 apr 2012

Romanian grain traders were eliminated in February and March from two tenders for wheat in Iraq worth a total of EUR20 million as a result of “faulty” deliveries made by Lebanese trader GT Group, more

20 apr 2012

Schlumberger group, the world’s largest provider of services for the oil and gas industry, has chosen Ploiesti (southern Romania) for a world class facility staffed by 170 people and set to become more

20 apr 2012

The most expensive apartment put up for sale at the tIMON real estate fair taking place at the end of this week in Bucharest costs 32 times more than the cheapest one, on a residential market where more

20 apr 2012

South-eastern Romania is full to the brim with wind power projects, some of them already functional and some in various stages of approval, with wind farm investors now targeting Moldavia, as shows a more

20 apr 2012

Raiffeisen Bank Romania has started to organize its offer of foreclosed homes, land, cars and other assets, and put it on a specialized website along with photos, maps and technical specifications. more

20 apr 2012

Although at least in theory all electricity consumers have been able to change their supplier since 2007, with the exception of large companies, few have given up the comfort of regulated prices to more

19 apr 2012

Romania's tax authority ANAF will be reorganized next year into eight regional branches and, in 2015, its network will be reduced to one officer per county (20% of the current network), while the more

19 apr 2012

More than two million Romanian pensioners who earn less than 740 lei (EUR170) will no longer pay the 5.5% contribution to social health insurance, leaving the state budget without roughly EUR1 billion more

19 apr 2012

Romania's 65 and older population will almost double and the number of people aged 20-55 will halve over the next 50 years, impacting the labor market and substantially reducing the resources of the more

19 apr 2012

Romania's Government has adjusted the GDP growth forecast for the next few years downward by one point and also expects the trade deficit to increase considerably in 2012, but it sees the Romanian leu more

19 apr 2012

Romania's Government has informed the European Commission that it will raise public sector salaries this year to their level before the cuts in 2010, leading to a slight increase in personnel more

19 apr 2012

Romania's Government will continue to downsize the public sector, by hiring only one person for each seven vacant positions, but will allow a certain amount of flexibility in order to prevent more