23 dec 2015

Defense company Romarm, a state-owned manufacturer of weapons and military equipment, exported $94.5 million worth this year, almost 10% more than in 2014. more

18 dec 2015

The year that is about to end saw a steep decline in steel price from almost $500 to $170 in December, which made ArcelorMittal Galati shareholders prepare to cut working hours at the beginning of more

14 dec 2015

ArcelorMittal Galati steel plant slipped back into the red in the fourth quarter after having posted positive EBITDA in the first three quarters. The reason for the losses is the million of tons of more

9 nov 2015

Craiova-based electric locomotive and multiple unit manufacturer Softronic held by Romanian entrepreneurs is seeking funding for the construction of the third high-speed electric train Hyperion, which more

1 oct 2015

Frigoglass Romania, the largest local manufacturer of refrigerated display cases and other refrigerating equipment, will end the year with more than 900 employees in Timisoara, following creation of more

30 sep 2015

The ship exports of Romania’s shipyards rose 23% to EUR346.1 million in the first half, according to the National Statistics Institute data. more

25 sep 2015

Financial Regulatory Authority ASF plans to merge, in 2016, the Bucharest Stock Exchange (BVB) with Romania’s monetary and commodities exchange SIBEX and to introduce a system of facilities or more

10 sep 2015

Romanian steelmaker ArcelorMittal Hunedoara (SIDG.RO) switched to 4 million lei losses in January to June, compared with a net profit of RON5,2 million during the same period a year before. more

8 sep 2015

Photovoltaic panel manufacturer Altius Fotovoltaic is working hard to keep up with demand from abroad and the significant interest in the sector from industrial companies in Romania, says chief more

21 aug 2015

Augustin Oancea, one of the lowest profile businessmen in Romania, with only a handful of public appearances, has discreetly taken his company, Tinmar Ind, to EUR650 million this year from the EUR15 more

19 aug 2015

Shipbuilder Damen Shipyards Galati, part of the Dutch Damen group, posted 288 million lei (EUR65 million) revenue in the first half, 2.2 times higher than in the year-earlier period. more

18 aug 2015

SMART SA, a subsidiary of Romania’s national grid company Transelectrica (TEL.RO), is to establish a subsidiary in Africa, in Tanzania. more

13 aug 2015

Romania's state owned hydropower producer Hidroelectrica, undergoing insolvency, sold, at the end of July, only two of a total 34 micro hydropower plants put up for sale, for 4 million lei, the more

11 aug 2015

Romanian state-run company Hidro Tarnita will remain with three bidders in the race for the construction of a 1,000-megawatt hydropower plant in Tarnita-Lapustesti, worth over EUR1 billion, of the more

27 iul 2015

KMG International, formerly Rompetrol group, which majority owns Rompetrol Rafinare (RRC.RO), posted revenue of $5.5 billion (21.9 billion lei) in the first half of 2015, down 18% compared with $6.7 more

27 iul 2015

Daewoo Mangalia Heavy Industries, or DMHI, the largest ship builder in Romania, may be closed down on record high losses worth $2.5 billion posted by its majority stockholder, Korean group Daewoo more

24 iul 2015

Romania’s defense sector exports rose by 11% in the first half of 2015, at over $88 million, according to a statement of the Economy Ministry. more

17 iul 2015

The major 29 aeronautics and weapons manufacturing companies posted total sales of 1.32 billion lei (nearly EUR300 million) in 2014, up 31% from a year before, according to ZF analysis based on the more

16 iul 2015

Six aerospace companies want to open plants or relocate production facilities to Romania and the investments might create 15,000 new jobs, says Sorin Encutescu, state secretary with the Economy more

14 iul 2015

The lending revival will boost the life insurance market in 2015, which will be the only source of growth of underwritings on this segment, according to Emilia Bunea, CEO with Metropolitan Life. more

14 iul 2015

The restructuring of energy producers CE Oltenia and CE Hunedoara is compulsory in order to be competitive on the market and the government should appoint a consultant to set up a long-term scenario more

10 iul 2015

Emerson Romania, part of US group Emerson, posted revenue of 546.3 million lei (nearly EUR123 million) in 2014, up 21% compared with 2013, on transferring to Cluj-Na¬poca some additional businesses. more

8 iul 2015

Molten steel producer Otelu Rosu, under the patrimony of Russia’s Invest Nikarom, will be put up for sale for EUR41.8 million, VAT excluded. more

6 iul 2015

Romanian state-owned power producer Electrocentrale Grup aims to built a cogeneration plant nearby capital city Bucharest, even though the green energy projects market is frozen on various changes in more

6 iul 2015

Romanian insolvent hydropower producer Hidroelectrica will not be listed on the stock exchange while it is still under insolvency as the price would be too low, according to the Economy Minister more