22 feb 2013

Over 4,000 employees left the Romanian banking system in 2012, with 322 units shutting down and the overall network falling below 6,000 branches and agencies. more

22 feb 2013

Martin Slabbert, CEO of South African investment fund NEPI, is perhaps the only investor in Romanian real estate who can say about the last five years that they have been “great”. more

21 feb 2013

The four plants formerly controlled by Russia’s Mechel in Romania, which last year had a turnover of half a billion euros, have ended up in the hands of a small firm registered in Bucharest, Invest more

21 feb 2013

Pirelli has started to manufacture high-technology motorsport tires at its Romanian Slatina plant for GT and GP2 championships race cars, as well as for Formula 1 racing cars. more

20 feb 2013

Volksbank, which has been through a tough restructuring in the past few years, now wants to increase its number of clients and attract more deposits, and is preparing to open new branches. more

20 feb 2013

The turnover per employee exceeded EUR100,000 per person in foreign companies in 2011, almost double as high as for the entire economy. more

20 feb 2013

Dragos Neacsu, CEO of Erste Asset Management, the largest asset manager on the local market, warns over the shortage of corporate bond offers on the Romanian market, saying he finds it difficult to more

19 feb 2013

Romanians withdrew more than 106 billion lei (EUR24 billion) from cash dispensers last year, six times more than POS payments, according to data from central bank BNR. Card payments totaled RON24 more

19 feb 2013

Aurel Koeber, Piatra-Neamt-based businessman who controls Koeber, one of the largest players on the Romanian varnish and paint market, says one of the biggest challenges in his sector is more

19 feb 2013

Mariana Diaconescu, president of insurer Asirom’s directorate, expects tighter competition on the insurance market in the coming years, with several new companies expected to appear on the market more

18 feb 2013

South—African investment fund NEPI (NEP.RO) on Thursday signed the contract to buy The Lakeview office building in Bucharest, sources close to the transaction told Ziarul Financiar. more

18 feb 2013

Investors in the U.S. and the UK bought almost 80% of the $1.5 billion bonds that Romania issued on Thursday on the US market, but the US-denominated bonds also generated interest among German, more

18 feb 2013

State-run energy company Complexul Energetic Oltenia, which was created last summer by the merger of major thermal power stations in Oltenia (S Romania) with the coal mines managed by Societatea more

15 feb 2013

Romania’s average net wage reached 1,513 lei per month in 2012, four times as much as the ten years ago. But while the average net wage went up by 300% between 2002 and 2012, inflation rose by over more

15 feb 2013

Major insurers felt to a lesser extent the effects of the crisis in 2012 after three years when their businesses plummeted, but few companies managed to boost their sales on segments other than more

15 feb 2013

Swiss trader Ameropa, with operations in agricultural raw materials and in fertilizer production on the Romanian market, won an auction to deliver 50,000 tons of wheat to Jordan at a price of $380/ton more

14 feb 2013

Representatives of French retailer Carrefour, which has a network of over 110 stores in Romania, say they expect a difficult year in Romania as the financial crisis lingers, but that the local market more

14 feb 2013

FAN Courier, the largest Romanian-held company on the courier market, saw its turnover rise 10% in lei last year, to around RON244 million (around EUR55 million), and the company hopes to see a more

13 feb 2013

German company Metro Cash & Carry, the second largest player in Romanian commerce, could end this year with 1,000 La Doi Pasi franchised convenience stores, twice as many as at the end of 2012. more

12 feb 2013

The first month of 2013 brought a rise in Dacia registrations on the main European markets, with the new Dacia Sandero being the best-selling car on the Spanish market. more

12 feb 2013

The first 300 right-hand drive Dacias were registered in the UK in January, according to the UK’s Society of Motor Manufacturers and Traders (SMMT). more

12 feb 2013

Murfatlar, the largest player in the Romanian wine industry, which went insolvent last year to reorganize the business, plans to keep its turnover at the same level as in 2012 and boost sales on the more

11 feb 2013

In the past three years banks in Romania have piled up losses of 3.4 billion lei (EUR773 million) as one fifth of loans were not performing. more

11 feb 2013

Romania may have obtained EUR22 billion in structural funds from the EU budget for 2014-2020, as opposed to EUR20 billion in the current programming period, but this will not be very helpful if it more

11 feb 2013

Romania ranked fifth in the European Union in terms of newly-installed wind power in 2012, with 923 new MW, following investments of around EUR1.5 billion. more