3 feb 2012

Increased energy consumption in this interval, caused by low temperatures, will generate an increase in costs, which will paid by consumers and possibly suppliers, Friday said Marian Cernat, director more

3 feb 2012

The thermal power plant built by oil company OMV Petrom (SNP.RO) in southern Romania will most likely start activity in the second half of 2012, after technical difficulties, according to a news more

3 feb 2012

Austrian oil and gas group OMV Friday said it booked a special charge of some EUR120 million in the fourth quarter of 2011, for the fine imposed by Romanian competition authorities to OMV Petrom more

3 feb 2012

Austrian state-owned energy company Verbund is set to complete the first half of its Romanian EUR300 million wind farm project in June-July, Friday said Ovidiu Pop, the company’s representative in more

3 feb 2012

Romanian state-owned hydropower producer Hidroelectrica is negotiating direct sale contracts for a 20%-25% increase in delivery prices and a 10%-20% decrease in volumes delivered, the company’s more

3 feb 2012

The Bucharest bourse opened Friday with an increase, on low traded values, while the bulk of investment focused mainly on the shares of financial issuers. more

3 feb 2012

The leu opened Friday with a slight increase against the euro, on low traded volumes, while foreign player activity was close to zero. more

23 ian 2012

Romanian state-owned electricity distributor Electrica asked German utility group E.ON to pay damages worth EUR50 million within a litigation initiated by E.ON in the International Court of Arbitrage more

23 ian 2012

The Bucharest bourse closed Monday slightly higher on the day, on moderate traded values, while the shares of Austrian lender Erste Group Bank (EBS.RO) jumped 12% on the day. more

23 ian 2012

Romanian group Romet reported sales of some EUR300 million for 2011, up 10% on the year, fueled by EU-funded projects and exports. more

23 ian 2012

Austrian group Wienerberger, one of the world’s largest brick systems makers and the largest producer of its type in Europe, announced plans to build a plant in northeastern Romania, with an more

23 ian 2012

The Bucharest bourse opened Monday with minor increase, on low traded values, while the eyes of investors were mainly turning to the shares of financial issuers. more

23 ian 2012

The leu opened Monday almost flat against the euro, and it held its ground early in the session, on low liquidity. more

23 ian 2012

Nobody knows which came first, but we know the latest ones to leave. Esprit, Etam and Celio join the ranks of fashion retailers leaving the local market. They are not the only ones, but they are the more

23 ian 2012

The auto industry’s eyes turn towards the two carmakers active in Romania this year. Together, Ford and Dacia will make over 400,000 vehicles this year, and some 95% of the output will go to Western more

20 ian 2012

The Bucharest bourse closed Friday on an upward trend, while the trading was dominated by transactions with investment fund Fondul Proprietatea (FP.RO) shares. more

20 ian 2012

Romanian state-owned power distributor Electrica plans to sell the shares it owns in companies detached from Electrica Muntenia Sud, a subsidiary sold to Italian utility group Enel. more

20 ian 2012

British Europa Oil & Gas on Friday announced it relinquishes the 28.75% stake it owns on the EIII-1 Brodina block in northwestern Romania, in order to focus on other assets. more

20 ian 2012

As soon as Romanian lender Banca Transilvania (TLV.RO) announced the resignation of its chief executive officer, the question on everybody’s lips was: why did Robert Rekkers leave? more

20 ian 2012

Dutch-registered group Vimetco on Friday announced the appointment of Gheorghe Dobra, head of aluminum refinery Alro Slatina (ALR.RO), as its chief executive officer and member of the board. more

20 ian 2012

The Romanian leu opened Friday roughly flat on the day, similar to the evolution of otheer currencies in the region, in a market with low traded volumes. more

20 ian 2012

The Bucharest bourse opened up Friday, with investors mainly focusing on the shares of investment funds and lenders. more

20 ian 2012

Romanian lender Banca Transilvania (TLV.RO) Friday announced the resignation of its chief executive officer Robert Rekkers and his temporary replacement with board member Peter Franklin. more

19 ian 2012

The Bucharest bourse closed up Thursday, on improved traded values, with financial stocks catching again the investors' eyes. more

19 ian 2012

President Traian Basescu on Thursday said that one of Romania’s priorities is energy security, adding gas projects Nabucco and AGRI remain prime objectives. more