29 ian 2013

The analysts of Austrian group Erste Bank (EBS) have changed their opinion on the shares of oil company OMV Petrom (SNP.RO) after the Government announced it would levy tax on the additional profits more

29 ian 2013

According to information emerged on the real estate market early this year, a new project of a 17-floor office tower will be built close to Bucharest’s Unirii Square. more

28 ian 2013

The freeze on EU funding and the sluggish economic activity widened Romania’s budget gap in 2012, causing the country to miss its budget deficit target agreed with the International Monetary Fund, more

28 ian 2013

Romania’s total assets reached 806 billion lei (around EUR185 billion) at the end of September 2012, according to data published in the Government’s report regarding the 2013 state budget. This is more

28 ian 2013

The year 2013 will be lethargic – liquidity will no longer be a problem for the banking market, but we shall witness a lack of loan demand and it is very difficult to tell where economic growth will more

25 ian 2013

Businessman Valer Blidar, who owns the Astra Vagoane Calatori passenger rolling stock plant in Arad, said he has decided to terminate 400 contracts with small firms, with which he has worked for more

24 ian 2013

The revised fiscal-budgetary strategy for 2013-2015 can be considered a new governing program of the Ponta 2 Government and one closer to reality. Future policies will most likely be built around more

24 ian 2013

Leontin Suciu, who has been Glencore Romania’s manager in the last 17 years, has recently resigned from his position, citing personal reasons. The company is currently looking for a replacement. more

24 ian 2013

The 11th modification of the car pollution tax and its change into an environmental stamp duty will encourage imports of old, polluting cars, while sales of new cars will continue to decline, players more

24 ian 2013

Romania can raise EUR9 billion to the budget if it sells the 300,000 hectares of arable land currently administered by the Agency For State Domains, according to one of the largest investors in more

24 ian 2013

Two years after the stock exchange listing, the shares of Romanian investment fund Fondul Proprietatea (FP.RO) are traded at below the first-day trading price and below the expectations of more

23 ian 2013

Several major banks are preparing to introduce “contactless” mobile phone payments to merchants in their standard offer this year after having already conducted pilot projects on using this more

23 ian 2013

Maissam Mrad, managing director of fast food chain Springtime, says businesspeople should not use the past as reference, especially the boom period, because otherwise they will always be unhappy about more

23 ian 2013

The decline of agricultural output last year made all players in the sector be more cautious, considering that the drought also affected connected sectors such as the seeds, fertilizers and pesticides more

22 ian 2013

Romanian authorities’ enthusiasm regarding the economic growth has been tempered by discussions with the experts from the International Monetary Fund, the European Commission and the World Bank, more

22 ian 2013

Energy industry group Elcomex based in Constanta (SE Romania), owned by businessman Ion Grecu, will invest EUR30 million in an integrated agricultural business. more

22 ian 2013

Mihail Ion, chairman of management company Raiffeisen Asset Management, which manages assets of 3.6 billion lei (EUR830 million), expects interest rates on government securities to continue their more

22 ian 2013

The inclusion of leu-denominated government bonds in an index of US bank JP Morgan led to significant inflows of foreign capital which fueled an “unexpected” decline of interest rates on more

21 ian 2013

German construction company Max Boegl, which built projects such as Bucharest’s National Arena stadium, is expanding its local operations, being set to invest EUR180-200 million in the construction more

21 ian 2013

UniCredit Tiriac Bank, controlled by Italian group UniCredit in partnership with Romanian businessman Ion Tiriac, will not force a fast adjustment of the imbalance between loans and deposits at the more

21 ian 2013

Nestle, Microsoft, IBM, JTI, Wrigley, Kandia, Sanofi, S&T and Rehau are a few of the companies that decided to start the new year with a change at the top management. more

18 ian 2013

A foreign manager says what the Economy minister should have said: Romania stands to gain too little from the green energy boom because most equipment is not built locally. more

17 ian 2013

Banks in Romania continue to charge fees for the administration of the current account, and they remain high, while in Germany there are banks with zero fees, said Radu Merica, president of the more

17 ian 2013

The shares of Romanian oil-company OMV Petrom (SNP.RO) have returned to the spotlight after several major transactions have been sealed, in which significant stakes were transferred as cash started to more

17 ian 2013

Dacia brand with its entry-level model Logan need to remain competitive and keep the almost ten-year advance over competition, says Renault’s chief operating officer. more