20 nov 2012

Romanian banker Mihai Ionescu has been recruited by German financial group Deutsche Bank to run its Bucharest office. more

19 nov 2012

Solar energy was seen as the new boom in renewable energy after the wind power sensation. But after the first ten months of 2012, things don’t look very encouraging and some market specialists even more

19 nov 2012

At its 14th anniversary, Ziarul Financiar notes that Romania has gradually become stronger and more colorful than it was in the '90s, but it should be careful about its piling debts. more

19 nov 2012

Bank analysts expect Romania’s economy to grow 1.2% on average in 2013 after a mere 0.5% rise in 2012, a pessimistic forecast compared with foreign institutions’ estimates. more

19 nov 2012

Romanian engineering group EnergoBit expects a nearly 20% year-on-year increase in turnover in 2012 to over EUR160 million due to ongoing projects and investments. more

16 nov 2012

Ten banks are currently looking to sell two-year deposits in Romanian lei in order to improve their funding as they are facing a reduction in foreign resources. more

16 nov 2012

Vegetable oil producer Expur, a EUR180-million business in Romania, is planning to build a 95,000-ton silo in the town of Slobozia (SE Romania), close to the plant it owns, say industry sources. more

16 nov 2012

Money has been sucked out of Hidroelectrica through 500 overvalued commercial contracts, and the company’s ten contracts for selling electricity were only the tip of the iceberg. more

16 nov 2012

Francisc Peli, founding partner of law firm PeliFilip and one of the most respected lawyers on the real estate segment, says management activities currently occupy 80% of his time. more

15 nov 2012

Some German employees give up jobs in their own country and come to work for companies in Romania because the cost of living is lower and the work environment friendlier. more

15 nov 2012

Demand for corporate loans is in euros, and UniCredit Tiriac Bank continues to grant loans in foreign currency because it has the necessary resources to do that and believes it is difficult to give more

13 nov 2012

Romanian programmers and developers continue to fare above the US average in terms of talent and creativity, which keeps the Romanian market attractive for international companies looking to hire. more

13 nov 2012

Four-star hotel Cismigiu in central Bucharest, held by real estate developer Hercesa, will be able to receive its first guests next month, but the exact date for the opening has not been yet set, more

13 nov 2012

Romanian southern city of Ploiesti is the only one with two malls being built at the same time, namely Ploiesti Shopping City project and AFI Palace Ploiesti. more

12 nov 2012

The 41 banks in Romania posted an overall loss in the first nine months of this year, although the results represent an improvement on the EUR192 million-loss recorded in the first half of the year. more

12 nov 2012

Construction work on highways and national roads is late because construction companies don’t have enough personnel and equipment for their projects, according to an analysis of the Prime more

12 nov 2012

Bucharest could have a new modern business center in the Barbu Vacarescu-Floreasca area, which could turn into an area to be avoided by drivers because of heavy traffic. more

9 nov 2012

The development of Bucharest’s new real estate hub has started for several years on an about 500-meter radius around Aurel Vlaicu underground station, which could attract investments estimated by ZF more

9 nov 2012

The Romanian government’s regulatory policies and the economic and technological development will play a key role in the future of the local telecom industry over the next year, according to more

8 nov 2012

The 27% decline of OMV Petrom’s (SNP.RO) third-quarter net profit led to a 3.6% decrease in the past two days of its stock on the Bucharest exchange, erasing EUR185 million from the market value of more

8 nov 2012

The Romanian energy sector has been at a crossroads for a long time and in order for it to get out of this gridlock investors unanimously ask for a good strategy and real competition, otherwise more

8 nov 2012

Austrian Erste Group has commissioned Czech banker Tomas Spurny, known regionally as an expert in restructuring, to bring Romanian BCR lender back to profit, if possible as early as next year. more

7 nov 2012

Alin Cocos, 25, stepson of former Tourism Minister Elena Udrea, has this autumn built the structure of a 1,800 square-meter two-floor building on Lipscani street in Bucharest’s historic center, for more

7 nov 2012

The roads authority has had over EUR4.1 billion available between 2007 and 2012 for building highways and a further EUR3.6 billion to rehabilitate national roads. During the same period, Romania’s more

7 nov 2012

Dan Pascariu, chairman of the Board at Romanian state-owned airline Tarom, said Wednesday the company’s target is to cut losses by 30% in the coming year and increase turnover. more