14 aug 2013

Romanians working abroad and who return home for their summer holiday are investing less money in the construction of new homes or in renovations than in previous years, say commune mayors and more

14 aug 2013

Stefan Nanu, Romania’s representative at the World Bank in the past four years, will as of next month resume his job as general manager of the state’s Treasury, which he had left in 2009 with a more

14 aug 2013

Scrap metal processors in Romania reported cumulated sales of EUR1 billion in 2012 and total profit of around EUR6.6 million. more

13 aug 2013

The most expensive highway section built in Romania in the past few years is Gilau-Campia Turzii-Turda, with an average cost per km of around EUR23 million, shows a ZF analysis based on data from the more

13 aug 2013

The banking sector ended the first six months of this year in the black, with the overall net profit amounting to 1.15 billion lei, according to data from central bank BNR. This comes after a loss of more

13 aug 2013

Gas producer Romgaz should be listed only on the Bucharest Stock Exchange and brokers should make all the efforts to bring foreign investors here, said Dan Radu Rusanu, head of the Romania’s more

12 aug 2013

Leonard Leca, the new chief executive of Tiriac Holding, has for the first time talked to Business Magazin magazine about the businesses he runs and about how businessman Ion Tiriac came to appoint more

12 aug 2013

From a revenue of EUR100 million and a surplus of EUR48 million in 2008, Spiru Haret University saw its revenue fall to EUR32 million and its profit to EUR0.4 million last year. more

12 aug 2013

The Voyo.ro platform of CME will this week mark a first on the Romanian market of online video on demand services: the latest season of one of the world’s most popular TV series – Breaking Bad - more

9 aug 2013

Coca-Cola HBC Romania recorded a “high single digit” decline in volumes sold, with the sales performance being determined by the bad weather and the aggressive promotional activity of market more

9 aug 2013

Drug sales reached EUR1.4 billion in the first six months of this year, up 7% against the similar period of 2012, shows data of market research company IMS Health. Results recorded during this period more

9 aug 2013

OMV Petrom, the largest company on the Romanian market by turnover, has annual sales of around EUR200 million from non-oil products sold through the country-wide network of 546 gas stations. On the more

8 aug 2013

Romania’s state budget for 2014 is built on 2.2% growth, Minister-delegate for Budget Liviu Voinea said, adding that the Government is seeking to lower social security contributions and increase more

8 aug 2013

Francois Melchior de Polignac, executive manager of Carrefour Romania, says Romanians are increasingly cautious when they shop because of economic uncertainties, mainly to do with their income. more

8 aug 2013

Almost EUR7 billion entered Romania by the end of May in the form of investments in government bonds in lei and euros issued on the Romanian market by the Finance Ministry, according to Treasury data, more

8 aug 2013

Analysts are skeptical there will be significant progress in terms of structural reforms. “Romania will continue to promise to do things the IMF way and do whatever it wants.” more

7 aug 2013

South-African investment fund NEPI (NEP.RO) is awaiting the approval of the Competition Council to acquire the Deva Shopping Center project (western Romania), which includes stores of Metro Cash & more

7 aug 2013

The 100 largest employers in Romania, which together have 520,000 employees (12% of the total number in the economy), reported a decline of 36,000 employees between 2008 and 2012, according to Trade more

7 aug 2013

Analysts expect the shares of investment fund Fondul Proprietatea (FP.RO), which hit a historic high on Tuesday, to continue to rise, supported by the buy-back program, by Hidroelectrica’s improved more

7 aug 2013

A new addendum with classified content has been added to the concession agreement for oil exploration, development and exploitation in the Neptun block of the Black Sea, with the main explanation more

7 aug 2013

Bogdan Olteanu, deputy governor of the Romanian central bank, last year became shareholder with half of the shares in two companies where he partnered with Alexandru Dragoiu, the owner of electronics more

6 aug 2013

For the second year in a row, members of the board of directors of the Romanian central bank BNR reveal the names of banks where they hold current accounts and deposits through their personal more

6 aug 2013

The major listings scheduled for this year, Nuclearelectrica and Romgaz, have been postponed until the autumn of next year. On the other hand, the healthcare reform package will be ready by September, more

6 aug 2013

South-African investment fund NEPI is in the final stage of the acquisition of a retail park in Deva (western Romania) from a local entrepreneur. The park includes a Real hypermarket (which is set to more

6 aug 2013

Horia Manda, managing director of Axxess Capital, a company which manages the Romanian-American Enterprise Fund (RAEF), Balkan Accession Fund (BAF) and Emerging Europe Accession Fund, says the company more