01.10.2012

Romanian antitrust regulator Tuesday fined six top players in the oil industry, including OMV Petrom (SNP.RO) and Rompetrol Rafinare (RRC.RO), with a total amount of around 880 million lei (EUR205 more

01.10.2012

Romania’s top oil companies were fined with amounts of up to 3% of their sales reported for 2010 following a probe into the local fuel market, people familiar with the situation told MEDIAFAX more

01.04.2012

The Romanian Government decided to extend in 2012 a measure cutting the salaries of state-owned company managers to 4,800 lei (EUR1,110) from RON20,000-RON28,000 (EUR4,628-EUR6,478), Government more

01.03.2012

Bucharest Stock Exchange saw its third year of decline in history in 2011, as the main market index, BET, lost 17.7% of its value compared with the end of 2010. It had previously gone down in 1998, more

12.29.2011

The start of the year is a time when investors usually arrange their portfolios, trying to find and buy those stocks that are best positioned for growth over that year. more

12.29.2011

The Romanian Government decided mobile operators Orange and Vodafone have a month to transfer EUR6.4 million each to the state budget, or authorities’ decision to extend their GSM licenses, which more

12.28.2011

The Romanian Government approved a memorandum whereby state companies will transfer 85% of their profit to the state budget, Finance Minister Gheorghe Ialomitianu said Tuesday evening. more

12.22.2011

The Romanian Government wants to force state companies and autonomous departments again to transfer 90% of their profit to the state budget, people close to the matter told MEDIAFAX Thursday. more

12.22.2011

The number of companies going insolvent in Romania in November increased by 15% on the month, to 2,062 from 1,783 in the previous month, according to trade registry data. more

12.22.2011

The performance of the capital market disappointed investors who bought shares early this year expecting a rebound of the Romanian economy and an increase in the interest for the local market, after more

12.21.2011

Romanian Prime Minister Emil Boc on Wednesday called on ministers to analyze the activity of managers at companies under the authority of the Transport and Economy ministries, following several budget more

12.18.2011

Astra, Allianz-Tiriac, Omniasig and Groupama – the top four insurers on the Romanian market – are worth about EUR630 million together, according to the "Top 100 most valuable companies in more

12.09.2011

Engineering design companies, which are the starting point of huge projects, such as highways and large hydro-power stations, will have a better performance this year than in 2010, writes Business more

12.08.2011

Software providers will continue hiring in 2012 and the number of new jobs is to climb 13.4% compared to this year, according to a survey conducted by the Romanian Association of Employers in the more

12.07.2011

Romania's government has taken out freight railway operator CFR Marfa from a list of state-owned companies to be run by private managers, while adding two new enterprises, according to the country’s more

11.30.2011

Romania's Government has approved the legal framework allowing the hiring of private management for state-owned companies and also deciding that their salary would not be set by law, but through more

11.29.2011

Ziarul Financiar will reward the most valuable companies in Romania on Wednesday evening at the ZF Gala, an event that has in the last five years brought together thousands of leaders of the local more

11.16.2011

The Romanian Senate on Wednesday approved with 66 to 23 votes and seven abstentions a bill on appointing private managers at state-owned companies. more

11.16.2011

Romania's Trade Registry Thursday said 15,767 companies filed for insolvency in the first 10 months of 2011, down 10% from 17,484 companies in the same period a year earlier. more

11.11.2011

Romanian state companies and autonomous departments will freeze hiring next year, and those which register losses or receive state subsidies must limit wage expenses to this year’s level, according more

11.10.2011

The main criterion used by more than 60% of company managers to decide on a fuel product for their business is quality, but 44% of them are unhappy with the prices, says a survey by consultancy firm more

11.03.2011

The companies under the Romanian Economy Ministry's authority and monitored by the IMF have reduced their arrears, cut their personnel expenses by 4.5% and posted 50% lower losses in the first nine more

11.02.2011

Romania's Government has pushed the deadline by which companies may register or update the data in the General Registry of Employees (REVISAL) to December 15, 2011. more

11.02.2011

Economic inspections of Romanian state-owned enterprises, checking their progress towards revenue, spending cut and arrear reduction targets, will be carried out according to monthly, quarterly and more

11.02.2011

Several hundred companies are for sale on the Romanian market, most of them SMEs, but the number of done-deals is extremely low compared with the 2007-2008 period, when investment funds and investors more