5 aug 2013

Romania was the European market where Dacia declined the most in the first half of 2013, with registrations of the Romanian-branded car down by 23% compared with the similar interval a year ago. more

5 aug 2013

ExxonMobil and Romania’s largest company Petrom, have awarded contracts of almost $850 million since the start of deep-sea works in the Romanian section of the Black Sea, according to data more

5 aug 2013

Regional investment fund SIF Moldova (SIF2.RO) plans to “gradually” sell some of its shares in Erste Bank (EBS), the fund’s most valuable holding, with 21.4% of SIF2’s assets. more

2 aug 2013

Creditors of bakery company Spicul Bucuresti, which has been insolvent for almost two years, Thursday rejected the reorganization plans submitted by legal administrator PwC and majority shareholder more

2 aug 2013

South-African investment fund NEPI, the most active investor in Romanian real estate in the past four years, on Wednesday bought a 70% stake in the project of the Mega Mall shopping center in more

2 aug 2013

Demand for computers has been almost non-existent in the Romanian public sector in the second quarter of the year and on the corporate segment, as no-one replaces their PC unless they absolutely have more

1 aug 2013

Magheru Boulevard linking Romana Square to Universitatii Square in central Bucharest lacks some of the things that major shopping streets in other European cities have. Thus, international fashion more

1 aug 2013

“First home” mortgage loans, which will be granted only in lei according to the latest changes to the state-guaranteed mortgage lending program, could go up by an average 8%, considering the new more

1 aug 2013

Romania’s EU fund absorption rate leapt spectacularly in July, when the country attracted over EUR700 million. The amount is almost similar to refunds attracted by Romania in the first six months of more

1 aug 2013

The ten largest contracts awarded by Romgaz in the first half of 2013 stood at over 556 million lei (EUR126 million), almost three times higher than the value of the top ten contracts granted in the more

25 iul 2013

Despite Romania needing infrastructure, roads, bridges, schools and hospitals, steel consumption has declined significantly in the past few years and continues to do so, according to industry more

25 iul 2013

The Duster SUV, sold worldwide under the Dacia and Renault brands, became the best-selling car model of the French group in the first half of 2013. more

25 iul 2013

Paul Pop, former commercial manager at Rompetrol Downstream, sold EUR150 million worth of gasoline and diesel oil last year through his company Rottco Consult, an independent distributor oil products. more

24 iul 2013

Austrian company Alpine Bau will no longer build 16 km of highway, 50 km of railway and an office building in Romania, as it filed for bankruptcy in Austria. more

24 iul 2013

US Hewlett Packard (HP), one of the world’s largest producers of IT equipment and providers of IT services, has in the past year won two “major” customers on the cloud solutions segment and says more

24 iul 2013

The Bucharest Stock Exchange reached all-time highs six years ago, whereas now, most local stocks continue to post losses of over 50% compared to the levels recorded on July 24, 2007. more

23 iul 2013

The National Statistics Institute is set to announce the economic growth for the first half of the year in mid-August, but estimates have already appeared, suggesting GDP growth of between 1.8% and more

23 iul 2013

Market research company GfK, which monitors 3,000 households in Romania, says consumer confidence is at a low. “The Government needs to attract investments,” says Andi Dumitrescu, general manager more

23 iul 2013

Romanians go to malls to shop and spend their spare time and this trend has started to also take shape in Western European countries where people mainly go to malls for shopping, according to Austrian more

22 iul 2013

Romania ranks second in Eastern Europe in terms of its underground economy, with almost EUR40 billion in absolute terms in 2013, shows a study of AT Kearney on Europe’s underground economy released more

22 iul 2013

The most powerful foreign banker to have visited Bucharest in the past few years says he is confident in the rebound of the Romanian economy. more

22 iul 2013

Energy Holding, one of the best-known private energy traders on the Romanian market, says it had losses of 110 million lei (EUR25 million) last year. It explains this through the loss of its contract more

19 iul 2013

The biggest challenge for the Romanian economy is the lack of lending as banks have turned into “real estate agencies,” according to Romanian Prime Minister Victor Ponta. more

19 iul 2013

Investors in bond funds have had the most to gain in the past three years. By taking low risks, bond funds have earned an average yield of almost 23%, above the bank interest rate and above stock more

19 iul 2013

Ovidiu Buluc, general manager of drug wholesaler Farmexim, expects only five major drug wholesalers will remain on the Romanian market in a few years’ time, from the current seven. more