11.06.2014

Romania’s leading oil&gas company OMV Petrom (SNP.RO) announced Thursday that it will review its investment plans for 2015, due to volatile and weaker market fundamentals, such as the decrease of more

11.04.2014

The lowering of public investments may be beneficial on long term, if it is based on financial discipline, by removing unrealistic projects and corruption, although it impacts the short-term economic more

10.29.2014

Romanian Prime Minister Victor Ponta asked the ministers to spend the funds available for public investments by the end of the year, adding that the development requires money spent, not budget more

10.29.2014

Two Romanian businessmen are investing EUR3 million in an apartment building that will have around 90 apartments, located near Bucharest's Tineretului Park. more

10.27.2014

Romania cannot hope for annual economic growth of 5% in the next ten years in the lack of consumption and investments. This was one of the conclusions of last week’s ZF Expert meeting that was more

10.21.2014

Crude oil decline to some $80 a barrel puts pressure on investments and authorities must be very careful when it comes to levying taxes in the oil industry, said Gabriel Selischi, responsible for more

10.21.2014

Spanish realtor Volumetric, which owns lands of nearly 40,000 sqm in Romania’s cities of Brasov, Bucharest and Pitesti for the development of residential projects, sold over 10,000 sqm of its land more

10.16.2014

Real estate in Romania are expected to reach nearly EUR800 million in 2014, which would translate into a spectacular increase compared to EUR63 million in crisis year 2009, due to the revival of the more

10.14.2014

ESPE Energia, part of Italian group ESPE, wants to invest EUR40 million in the construction of micro hydropower plants in Romania, the company’s Chief Financial Officer, Lucian Ghidarcia, said more

10.13.2014

The financial statement of insurer Astra Asigurari for 2013 carried out by special administrator KPMG Advisory, appointed by financial authority ASF, does not reflect the reality and is artificially more

10.13.2014

Romania had the biggest growth in real estate transaction volumes in Central and Eastern Europe in January-September, of 215%, to nearly EUR700 million, but the country remains less attractive than more

10.09.2014

ArcelorMittal Galati needs to invest EUR100 million to reach the performance of a modern steel plant, Ionel Bors, country manager for Romania, told a press conference Thursday. more

10.06.2014

Romania might attract new investors next year in the context of the current conflicts in Ukraine, if it has a stable government and a President in agreement with the government, Nadia Crisan, member more

10.05.2014

Spanish company Hercesa plans to set off in 2015 the construction of the third stage of residential compound Vivenda in Bucharest and is in talks to start a partnership for the renovation of an old more

10.03.2014

German power tool producer Stihl expects an over 10% increase in sales on the Romanian market in 2014, from RON103.4 million in 2013. more

09.29.2014

Pharmaceutical group Novartis, the world’s largest medicine producer, will continue to invest in Romania, Panos Alexakos, Head Central and Eastern Europe of Novartis Pharmaceuticals, said Monday. more

09.29.2014

Romania is not, by far, among the top countries in the European Union that back innovation and authorities ought to increase public investments in this sector, Gabor Sztaniszlav, general manager of more

09.25.2014

Romanian state-run postal company Posta Romana needs EUR100 million investments to provide services similar to those of a European operator, funds that will be invested by the future strategic more

09.24.2014

US fast-food restaurant chain McDonald's wants to double the number of coffee shops in Romania by the end of 2015, to reach 20 units, four of which will be opened in 2014. more

09.24.2014

Investors are hard to convince to invest in the acquisition of companies in Central and South-Eastern Europe, including Romania, as the region is unattractive except for Poland, although there are more

09.23.2014

The value of real estate investments could reach around EUR500 million in 2014, up over 60% from 2013, as at least two large transactions are to be completed in the next three months, Ilinca Paun, more

09.19.2014

Grup Servicii Petroliere (GSP), the offshore drilling company of Upetrom group owned by businessman Gabriel Comanescu, plans to invest $1.2 billion in ships and drilling rigs, funded with bank loans more

09.09.2014

The Romanian energy sector needs investments of EUR4-5 billion a year in the next ten years, a total of EUR5-15 billion more than estimated six months ago, minister-delegate for Energy Razvan more

09.09.2014

Romanian PVC processor Teraplast plans to keep prices unchanged and operate investments to stay in the black, in the context where market demand is falling, according to Traian Simion, the company’s more

09.08.2014

Cyprus-based Secure Property Development & Investment (SPDI) has acquired 122 apartments in four residential compounds in capital Bucharest, whose net value is estimated at EUR3.3 million. more