18 iun 2015

Total hourly labor costs in Romania rose 7.1% on the year in January-March, the second largest increase in the European Union, official data showed Thursday. more

18 iun 2015

Horia Ciorcila, president of Banca Transilvania (TLV.RO) and the main individual shareholder, sold Wednesday a stake of 23 million Banca Transilvania shares worth approximately EUR11 million. more

17 iun 2015

Romanian drugmaker Europharm Brasov, held by UK group GlaxoSmithKline (GSK), registered sales of 426 million lei (nearly EUR96 million) in 2014, down 14% compared with a year before, as the plant is more

17 iun 2015

Logistic company DB Schenker, a unit of Germany’s Deutsche Bahn, posted 3.3% lower revenue in 2014, at EUR91.1 million, according to Finance Ministry data. more

17 iun 2015

Oil company Petroceltic International sold its shares in two Black Sea oil blocks to Gabriel Comanescu, the owner of Grup Servicii Petroliere (GSP), according to ZF data. more

16 iun 2015

The largest 20 Romanian distribution IT&C companies reported cumulated revenues of 3.8 billion lei (EUR873 million), up 6.5% from a year before, according to a preliminary survey based on the Finance more

16 iun 2015

Romania’s central bank will try to refrain from cutting the monetary policy rate even if the inflation falls in negative territory, as the economy is expected to grow 4% this year and won’t need more

16 iun 2015

Chipita Romania, the domestic subsidiary of the Greek group of the same name that owns the brands 7Days and Finetti, posted revenue of 312 million lei (nearly EUR70 million) in 2014, RON10 million more

16 iun 2015

Shareholders of Romanian state-run natural gas transporter Transgaz (TGN.RO) Tuesday approved the plan to sell corporate bonds worth a maximum 500 million lei (EUR102 million) to finance the more

16 iun 2015

Private power supplier Repower Furnizare Romania, the local subsidiary of Swiss-held Repower group, forecasts 5% to 10% higher revenue in 2015, while its sales are seen up 7%. more

16 iun 2015

Romanian Energy Ministry, majority stockholder with Romanian nuclear power company Nuclearelectrica (SNN.RO), will be subpoenaed in October, next to the energy producer, in a trial against Fondul more

16 iun 2015

Oil company Petroceltic International sold its assets in Romania, through which it held operating licenses for two blocks in the Black Sea, to company GVC Investment. more

16 iun 2015

Pharmaceutical company Actavis completed the acquisition of Allergan, the producer of Botox, in March, and decided to adopt Allergan as its new global name, the company said in a statement. more

15 iun 2015

The Bucharest Stock Exchange (BVB) Monday launched a new feature through which investors can see the most active brokers in the market by number of trades executed in a day with shares on the main more

15 iun 2015

Romanian state-run aircraft repair and maintenance company IAR Ghimbav (IARV.RO) eyes higher revenues over the next years, fueled by an extended budget of the Defense Ministry and larger orders from more

15 iun 2015

The agriculture and industry sectors registered a positive lending demand in April compared with the same period a year ago, while financing to construction sector fell 8%, according to data of the more

15 iun 2015

The local do-it-yourself market (retail without distribution) was worth a total of RON9.7 billion (nearly EUR2.2 billion) in 2014, up 2.9% from a year before, according to estimation of Poland’s more

15 iun 2015

OTP Bank Romania, part of Hungarian group OTP, will analyze in October the integration process of Millennium bank, bought mid-2014, according to OTP general manager Laszlo Diosi. more

15 iun 2015

Romania’s Finance Ministry raised a planned 300 million (EUR67 million) at a five-year bond reopening Monday, but the yields were higher than at previous auction, amid government paper-selling more

15 iun 2015

Romanian foreign direct investment, or FDI, rose to 1.16 billion euros in January to April, from EUR785 million in the same period of 2014, data from the central bank showed Monday. more

15 iun 2015

Romania's current account balance posted deficit of 27 million euros after the first four months, compared with EUR326 million in the same period of 2014, central bank data showed Monday. more

14 iun 2015

The Romanian government should sell the 15% stake in state-owned power producer Hidroelectrica for EUR500 million, or the initial public offering on the Bucharest Bourse is canceled, according to more

14 iun 2015

Investments of private equity funds in Romania grew 11% in 2014, at EUR78 million, according to the European Private Equity and Venture Capital Association (EVCA). more

13 iun 2015

Romanian oil storage and shipment firm Oil Terminal (OIL.RO) forecasts 15% higher revenues in 2015, at RON125 million, as it expects the low oil prices to boost trades of crude oil and gas through more

12 iun 2015

SOCAR Romania, part of Azeri oil group SOCAR, posted revenues of 746.3 million lei (EUR170.3 million) in 2014, up 28% from a year before, mainly due to the expansion of its gas stations network, more