19 apr 2012

The value of Romanian e-commerce in the period before Easter increased by 38% compared with the same interval of 2011, as Romanians spent EUR15.9 million in domestic online stores between March 15 and more

19 apr 2012

Mediafax.ro, one of the top Romanian news websites, is now available as an iPad application, allowing more dynamic delivery of exclusive, quick and unbiased content to its readers, says a press more

19 apr 2012

The winner of the Cupru Min privatization auction, Roman Copper Corp, has hired one of Romania’s top law firms, NNDKP, run by Ion Nestor, in a desperate attempt to resume talks about the takeover of more

19 apr 2012

Agricover, the only major trader of agricultural raw materials not backed by a multinational, is on the list of acquisitions of giants Cargill and Ameropa, market sources say. more

19 apr 2012

The five-star Crowne Plaza Hotel in Bucharest, owned by businessman George Copos, applied for a downgrade to four stars, which will allow it to host events organized by pharmaceutical companies, more

19 apr 2012

The vaccine business is worth about EUR30 million a year, with sales of tree million units. Despite it being a small market, international companies such as Sanofi and GlaxoSmithKline (GSK) are vying more

19 apr 2012

Bankers sold non-performing loans worth EUR684 million in 2011 to firms specializing in debt collection, with most transactions being reported between September and December, as many banks sought to more

18 apr 2012

Private investors may finance the construction by Romania's National Housing Agency (ANL) of homes for rent, after the Government approved a program for housing using private capital. more

18 apr 2012

Austrian group OMV, the majority shareholder of Romanian oil company OMV Petrom, has filed a claim against the Romanian state with the International Court of Arbitration in Paris, demanding refunds of more

18 apr 2012

Romania maintains its objective of joining the euro zone in 2015, by entering the ERM II in 2013-2014 and reducing the structural deficit to less than 0.7% of the GDP by 2014, according to the more

18 apr 2012

Astra Asigurari has won the auction to insure the fleet of Romanian state-owned airline Tarom for the sixth consecutive year, people close to the matter told MEDIAFAX. more

18 apr 2012

The consortium Deloitte – Musat & Asociatii – Systra, which will advise the Romanian government on the privatization of rail freight company CFR Marfa, will receive EUR375,000 this year plus a more

18 apr 2012

Dragos Doros, formerly director within Romania's Finance Ministry and currently partner in the tax department of law firm Nestor Nestor Diculescu Kingston Petersen, returns to the Finance Ministry as more

18 apr 2012

The announcements of state-run companies’ purchasing intentions on the website of the electronic public procurement system (SEAP) reveal the more or less justified expenses they are willing to make. more

18 apr 2012

The National Roads and Highways Company (CNADNR) collected RON123.2 million (around EUR28 million) in tolls for the road bridges over the Danube. more

18 apr 2012

Portugal’s national airline, TAP, which carries 9 million people a year, will enter the Romanian market with three flights a week on the Bucharest-Lisbon route as of June 30, a niche where it will more

18 apr 2012

Romania wants a new safety net from the World Bank – a EUR1 billion line of credit that would allow the Finance Ministry to cover financing needs if turmoil intensifies on the financial markets. more

17 apr 2012

Sorin Blejnar was dismissed Tuesday from the position of president of Romania's tax authority, ANAF, after a discussion with Prime Minister Mihai Razvan Ungureanu, the Government informs. more

13 apr 2012

Romania will terminate the National Infrastructure Development Program (PNDI) because of financial constraints, so the earmarked budget will be reduced by 15.9 billion lei (EUR3.63 billion) to around more

13 apr 2012

Constantin Avramescu, manager in charge of sales, marketing and aftersales within Opel Romania, has been appointed to a new position in the central management team of the German brand in Russelsheim. more

13 apr 2012

Fondul Proprietatea could collect more than 600 million lei (EUR137 million) in dividends from the companies in its portfolio, considering it asked chemical fertilizer maker Azomures Targu Mures more

13 apr 2012

Omniasig and BCR Asigurari, controlled by Austrian insurer Vienna Insurance Group (VIG), will as of next month become one company with 2,400 employees and a territorial network of 350 branches. more

13 apr 2012

Some of the largest producers of components present on the Romanian market – Continental, Autoliv, Yazaki and Schaeffler Romania – have announced new programs of boosting employee numbers in 2012, more

13 apr 2012

The Profi retail chain, held by investment fund Enterprise Investors, will open stores in three of the spaces previously occupied by now insolvent MiniMax Discount, the first retail bet of businessman more

12 apr 2012

Romania would need to spend 70 billion lei (EUR16 billion) on financial compensation for the owners of properties nationalized by the former communist regime; more than half this amount would go to more