26 mar 2013

Romanian agricultural producers are set to harvest a total wheat production of 6.1 million tons this summer, up 22% on the preceding season, show March estimates of Cocereal, a European organization more

26 mar 2013

Shale gas can revolutionize the global energy market and coal-based electricity has again taken precedence over gas-fired power stations, says Eveline Steinberger-Kern, head of the energy division more

25 mar 2013

For the first time, a high official of Romania’s ruling coalition admits that businesspeople have every reason to be dissatisfied because the new government has not taken any concrete measures to more

25 mar 2013

Four of Romania’s five regional investment funds SIFs will continue to sell assets in their portfolios this year in order to obtain high profit, according to their draft budgets for 2013. more

25 mar 2013

Ali Ergun Ergen, the manager who was involved in the development of three shopping malls in Bucharest, last week resigned from the position of Chief Executive Officer of Turkish real estate developer more

25 mar 2013

Starting next year, Romania’s central bank will pay each of its over 1,800 employees based on performance appraisals and not on traditional wage grids, in order to create a generation of young more

22 mar 2013

The name of Claudiu Florica, former head of Fujitsu Romania, appears in the largest contracts of the Romanian state with Microsoft. more

22 mar 2013

Monika Puiu, managing partner of farming equipment distributor NHR Agropartners, which in Romania sells tractors and combines manufactured by Italy’s New Holland, says a good tractor driver hired by more

22 mar 2013

The website for vacation reservations booking.com, whose database already includes over 2,000 accommodation facilities in Romania, will in the coming weeks open an office in Bucharest, for which it more

22 mar 2013

Major state-run energy producer Hidroelectrica has moved from monthly losses of EUR50 million to a profit of EUR10 million last month, shows a report on the company’s financial performance published more

21 mar 2013

Gabriel Sandu, who was a Communications Minister when the Romanian state paid $31 million and signed further contracts worth EUR104 million with Microsoft, rules out corruption after Microsoft was more

21 mar 2013

Turkish dairy producer Sutas, a group with turnover of $600 million per year, bought in a complex deal the former plant of Israeli dairy processor Tnuva near Bucharest, which went bankrupt last year. more

21 mar 2013

The economic crisis caused losses for around half the 42 banks on the Romanian market, with the budget “losing” a big share of the resources that banks used to pay in profit tax, as the overall more

13 mar 2013

UPC, one of the largest Romanian-based providers of television, internet and fixed telephony services, will this year make a decision on mobile telephony and if it decides to tap this market, the more

13 mar 2013

The ten biggest debtors to Romania’s general consolidated budget, seven of which are state-run companies, had overdue payments of 14.5 billion lei (around EUR3.3 billion) in taxes and contributions more

13 mar 2013

Italian group Enel, which has become the largest private energy distributor in Romania following privatizations, reached investments of over EUR650 million in wind farms on the Romanian market, with more

12 mar 2013

Dacia’s Romanian plant in Mioveni will also compete starting this year against Renault’s plant in Chennai, India, where Renault is manufacturing Dacia Duster for the UK. more

12 mar 2013

Austrian businessman Gerald Schweighofer, who owns several wood processing and wood panel plants in Romania, says local plants reached a turnover of half a billion euros in 2012, but will never reach more

11 mar 2013

Romanian farmers will harvest between 18 and 19 million tons of grains in 2013, 50% more than last year, but nowhere near the 40 million-ton production potential of local agriculture. more

8 mar 2013

The share of private sector employees to the total population is just 13.7% in Romania, placing the country near the bottom of the European ranking. more

8 mar 2013

The National Wood Institute, held by AVAS, the authority in charge of privatizing state assets, has been largely liquidated, while a significant part of the land that used to accommodate the more

8 mar 2013

Dutch retailer C&A, one of the largest players on the European fashion market, will open 4-5 new stores this year in Romania, in capital Bucharest and elsewhere. more

7 mar 2013

Romania’s industry is dealt blow after blow: chemical plant Oltchim, refinery Arpechim, and steel plants Mechel are falling apart and the Government cannot find solutions. Where is Romanian industry more

7 mar 2013

Romania meets conditions for repealing the excessive deficit procedure, with the budget deficit sliding below 3% of the gross domestic product in 2012 and likely to stay below that ceiling in 2013 and more

7 mar 2013

Emil Delibashev, head of British Airways for the Balkans and Hungary, said Romanians’ ticket reservations for non-stop flights to London and for transatlantic flights to the US and Canada boosted more