1 mai 2013

Most analysts expect Romania’s central bank to keep its key interest rate at 5.25% this year, given the uncertainty over the significant deflation expected in summer and amid lingering external more

1 mai 2013

Romanians spent EUR750-850 million on shopping in modern retail chains in the month before Easter, according to ZF estimates based on market data. more

29 apr 2013

Bogdan Chiritoiu, head of the Romanian Competition Council, has announced that the institution will start an analysis of the medical services market in general, with there being “indications that more

29 apr 2013

The largest Romanian gas producer is once again also the most profitable state-run company, as Romgaz posted an all time high net profit of 1.24 billion lei (around EUR280 million) in 2012, up 20% on more

29 apr 2013

Romania’s 2013 wheat production has been revised up in April by the European Commission to 5.8 million tons, a rise of almost 10% on the latest estimate made at the end of March. more

29 apr 2013

Iulia Florea, chief operating officer of UPC Romania – one of the largest players on the Romanian communications market, will leave the company shortly, before her term expires, sources from the more

26 apr 2013

Austrian group Volksbank, which controls 51% in Volksbank Romania through a vehicle where it partners with a French bank and a German bank, reaffirms its intention to sell the Romanian bank in 2015, more

26 apr 2013

Almost 225,000 Romanians earned more than EUR1,000 net per month (5,000 lei gross) last year, 19% more than in 2011, while the number of employees in the economy rose by less than 3% in the same more

26 apr 2013

The performance of the Bucharest stock exchange has been very similar in the past three years, with the bourse seeing a major surge at the beginning of the year, and corrections taking over in more

25 apr 2013

Only half of the 51 managers appointed in the boards of directors of state-run companies truly come from the private sector, as planned in the “Private CEO in the state sector” project. 25 of the more

25 apr 2013

UniCredit Tiriac Leasing, which is affiliated to UniCredit Tiriac Bank, last year kept its position as unchallenged leader of the market, with an over 20% share of new financing in 2012. No. 2 was more

24 apr 2013

Deposits of the Romanian branch of Bank of Cyprus will be transferred under the local banking law and will be guaranteed by the Romanian Guarantee Fund, Adrian Vasilescu, adviser to central bank more

24 apr 2013

Franklin Templeton, the administrator of Romanian investment fund Fondul Proprietatea, collected around 95 million lei in the two and a half years since it took over the mandate, over six times more more

23 apr 2013

U.S. carmaker Ford will make 80,000 B-Max cars and 250,000 engines at its Romanian Craiova plant. more

23 apr 2013

Green power has been the hottest topic in the energy sector since the beginning of this year, with the prospect of changes to the support scheme pitching against one another investors, the authorities more

22 apr 2013

Transport Minister Relu Fenechiu nonchalantly said in an interview Sunday he has not traveled by train in three or four years, not even after he became Minister four months ago. But how can one be a more

22 apr 2013

German group Daimler plans to build an engine part plant in Arad, western Romania, according to Manfred Engelmann, president of the German-Romanian economic association. more

22 apr 2013

Paolo Mariani, general manager of Italo Romena, the local branch of Italian group Veneto Banca, says some people in the sector have sought to attract clients using the discussion that has emerged amid more

19 apr 2013

Romanian businessman Sorin Bonciu, active in real estate and energy sectors, has bought the Interex supermarkets chain via two companies with a view to renting or selling them to another food retail more

19 apr 2013

The Romanian Government fails to come with an ambitious and a coherent strategy to stimulate GDP growth, planning economic growth of less than 3% per year in between 2013 and 2016, according to the more

19 apr 2013

Enel Green Power (EGP), the renewable energy division of Italian utilities group Enel, intends to enter the Romanian solar energy sector and develop farms with a total capacity of 55 MW between 2013 more

18 apr 2013

Alexandru Vlad, head of Selgros Romania, said Romanians spend more money on food than Germans do. more

18 apr 2013

Businessman Dan Adamescu, Mirica Dumitrescu - owner of Romanian airline Medallion Air, which operates charter flights, an investor from Doha, a representative of an Italian-based airline and a law more

18 apr 2013

The International Monetary Fund (IMF) now expects economic growth of 1.6% for Romania in 2013, down from a 2.5% rise predicted in the autumn of 2012. more

18 apr 2013

Auto industry wiring manufacturer Leoni Wiring Systems Arad, the subsidiary of German group Leoni, with global sales of EUR3.7 billion, will this year hire 500 people at the Arad plant. The company more