4 apr 2012

The average net salary in Romania rose 0.3% on the month, 1,472 lei (EUR336) in February, from RON1,467 in January, statistics institute INS said Wednesday. more

4 apr 2012

The European Bank for Reconstruction and Development (EBRD) will issue a EUR15 million loan for Romanian cable operator Digital Cable Systems (DCS), for the expansion of cable TV and broadband more

3 apr 2012

The Bucharest bourse closed down Tuesday, on low traded values, with more than one third of turnover coming from trades in state-owned power grid operator Transelectrica (TEL.RO). more

3 apr 2012

US telecom equipment maker Plexus will construct a manufacturing facility in northwest Romanian city Oradea, with an investment of $40 million and plans to double local employee numbers to 500 people. more

3 apr 2012

Romanian rubber bands maker Artego Targu Jiu (ARTE.RO) expects a net profit of 1.4 million lei (EUR0.32 million) for 2012, compared to RON4.3 million in the previous year, the company said Tuesday. more

2 apr 2012

The Bucharest bourse closed roughly flat Monday, with most of the activity registered on the deal market, as most investors were apathetic. more

2 apr 2012

US giant Chevron on Monday said the company intends to create jobs, protect the environment and help local communities in Romania, in response to social and political tension sparked by its bid to more

2 apr 2012

Former OTP Bank director Gabriel Cretu was appointed Head of Sales at Romanian credit broker KIWI Finance, replacing Traian Stancu who was promoted to the position of Chief Operating Officer. more

2 apr 2012

Dairy maker processor Danone Romania on Monday announced the appointment of Dieter Schulz as general manager, starting April 1, replacing Stephan Batoux. more

2 apr 2012

Potential investors in reactors 3 and 4 at nuclear power plant Cernavoda are awaiting a “closer to reality” price evaluation for the project, but authorities are also considering going solo and more

2 apr 2012

The European Bank for Reconstruction and Development, or EBRD, will issue funding worth EUR30 million to Romanian lender BRD-Groupe Societe Generale (BRD.RO), for on-lending to small and medium sized more

2 apr 2012

The Bucharest bourse opened Monday with an upward tendency, on low traded values, while investors were focusing mainly on investment fund Fondul Proprietatea (FP.RO). more

2 apr 2012

The Romanian leu opened Monday unnoticeably weaker against the euro, on low traded volumes, while dealers suspect the central bank is still indirectly present to cool the leu’s weakening. more

30 mar 2012

The Romanian leu closed Friday a bit weaker against the euro, in a market where players bought more hard currency and the central bank intervened indirectly to curb the local currency’s weakening more

30 mar 2012

The central bank is expected to lower the key monetary policy rate by another 25 basis points in May, to 5%, but it is unlikely to go below this point, according to analyst estimations. more

30 mar 2012

Romania’s Environment Ministry approved the shale gas drilling agreements concluded between mineral resources authority ANRM and US giant Chevron, and the agreements include environment obligations more

30 mar 2012

Consecutive key rate reductions are not reflected in a resumption of credit because banks, especially Greek and Austrian-owned ones, are unfolding a gradual adjustment of the loan to deposit ratios, more

30 mar 2012

OTP is still interested in buying a smaller Romanian bank, and it could resume talks to this end in the second half of the year, because Romania is a primary target for the group’s expansion, the more

30 mar 2012

All companies listed on the Rasdaq market of the Bucharest Stock Exchange will be moved to the alternative trading system (ATS), and the bourse operator will then compile a list of firms eligible for more

29 mar 2012

The restoration of public sector wages in Romania could lead to a gradual restoration of internal demand and it should not cause too much stir if budget targets agreed with the International Monetary more

29 mar 2012

Fashion retailer H&M posted sales of 127 million Swedish krona (some EUR14.3 million) in Romania between December 2011 and February 2012, the first quarter of fiscal year 2012, according to results more

29 mar 2012

Romanian lender Banca Transilvania (TLV.RO) on Thursday said it expects a 20% year-on-year increase in pretax profit, to 334.7 million lei (EUR76.4 million) in 2012 from RON278.2 million a year more

29 mar 2012

US giant Halliburton rented 7,700 square meters in Romanian industrial park Ploiesti West Park, where it will build a production unit as the first stage of a wider investment plan, according to the more

29 mar 2012

Brokers of the secondary public offering of Romania's power grid operator Transelectrica (TEL.RO) Thursday confirmed the sale prices at 14.9 lei (EUR3.4) per share for institutional investors and more

29 mar 2012

Austrian group Raiffeisen Bank on Thursday reported in its financial results for 2011 a 6.5% year-on-year decline of its profit after tax in Romania, to EUR94 million, despite higher revenue and lower more