16 aug 2012

Volksbank Romania, which ended last year with a loss of around EUR95 million according to international reporting standards, has decided to shed almost 170 jobs as part of restructuring measures in a more

16 aug 2012

The International Monetary Fund (IMF) warns the Finance Ministry that its “fiscal buffer” has diminished, after the Treasury had attracted less than it had planned to in recent auctions because of more

16 aug 2012

In five residential projects around Aurel Vlaicu (Baneasa) airport, where over 1,500 homes have been built in the past few years, developers have over 400 housing units left to sell or to rent, at more

15 aug 2012

2011 was a year of rebound for companies on the logistics market, considering that 13 of the 16 largest companies on this market recorded higher turnovers, with cumulated turnovers of EUR496 million, more

15 aug 2012

State-run railway passenger carrier CFR Calatori sold 24 million tickets in the first six months of this year, down 13.7% on the similar period of last year and its turnover fell 7% to 763 million lei more

15 aug 2012

Romania is the country where the renewable energy division of Energias de Portugal (EDP), one of the major European energy groups, recorded the highest growths in the last year, with the Portuguese more

14 aug 2012

Demand for air taxi services fell 50% as some of the businesspeople and managers of large companies stopped going to meetings with rented helicopters, which cost no less than EUR800 per hour to rent, more

14 aug 2012

The European Commission sent refunds worth EUR96 million to Romania in July, these being the last funds that the EU has sent into the local economy until the European officials finalize their audit in more

14 aug 2012

International private equity firm Advent International is preparing a discreet exit from Labormed in a complex process, which will in a first stage involve handing over its stake to individuals, more

14 aug 2012

Leonardo, the largest Romanian footwear retailer, which went insolvent in the second half of 2009, hopes to cut its losses in half this year against 2011, when they amounted to EUR6.3 million. 2012 more

14 aug 2012

Romanian farmers have received almost EUR4 billion for investment projects in the six years the EU has been pumping funds into agriculture. But what is the actual impact of these funds on agriculture more

13 aug 2012

RCS&RDS SA, one of the largest telecom operators in Romania, controlled by businessman Zoltan Teszari in Oradea, took out on August 9 a maximum EUR25 million loan from Citibank Romania, according to a more

13 aug 2012

The financial crisis over the past three years has “brought down” many malls, housing projects and store chains, as well as tens of plants operating in the food, industrial and construction more

13 aug 2012

Half of the 32 listed companies that have so far published their first-half financial results reported a higher turnover, while the other half had lower sales. more

10 aug 2012

The Finance Ministry is preparing to increase public sector wages through derogation to the law of fiscal responsibility, while cutting infrastructure spending in this year’s first budget more

10 aug 2012

The biggest campaign to recruit CEOs for state-owned companies subordinated to the Transport Ministry, which started a few days ago, risks to lose its credibility, after on Thursday representatives of more

10 aug 2012

More than a quarter of the 300 largest companies in Romania by turnover recorded losses last year, with 44 of them posting losses of over EUR10 million, reveals a ZF analysis. more

9 aug 2012

Sodo Migliori group, which owns the Cellini stores, some of the Swarowski stores and luxury monobrand Gucci on the Romanian market, expects a turnover of over EUR25 million for this year, a stagnation more

9 aug 2012

The end of the week is expected to bring heated discussions between the Ponta government and the International Monetary Fund (IMF), as authorities make a last attempt to persuade foreign experts to more

9 aug 2012

The total losses of the Romanian postal company in the past three years amount to 484 million lei (EUR106.6 million) and the company risks to collapse if its restructuring plan is not successful. more

8 aug 2012

Agricover, the fourth largest player on the grain trade market, with turnover of EUR217 million last year, bought silos of 33,000 tons and 16,000 tons respectively in Bihor county for EUR1.6 million, more

8 aug 2012

The pharmaceutical market slowed down significantly in the second quarter of this year, down by 2.5% year-on-year in euros and up by 4.4% in lei, to EUR626 million (2.77 billion lei), shows data of more

8 aug 2012

Franklin Templeton Investment Management, the Romanian branch of U.S. group Franklin Templeton, which manages the EUR3.5 billion assets of Romanian investment fund Fondul Proprietatea (FP.RO), posted more

7 aug 2012

Metro Cash & Carry has reached a chain of over 300 franchised stores opened under the name “La Doi Pasi,” while a further 250 stores are in the process of being set up. more

7 aug 2012

Mugur Isarescu, governor of Romanian central bank BNR, on Monday warned politicians that Romania would not only be penalized through the depreciation of the leu for the unending scandal, but also more