25 oct 2013

Recent information alleging Romania’s social-liberal ruling coalition USL plans to increase the flat tax from the current 16% to 22%, in a move to boost state budget revenues, has caused quite a more

25 oct 2013

The initial public offering (IPO) of 15% in state-run natural gas producer Romgaz, the largest offering in the history of the Bucharest Stock Exchange, has made a lot of commotion on the financial more

25 oct 2013

Almost all stock exchange analysts not involved in brokering the initial public offering for 15% in Romgaz, believe the shares of the Romanian state-run gas producer are attractive, at least at the more

25 oct 2013

The liquefied petroleum gas (LPG) market has held out better in crisis than gasoline and diesel oil– last year LPG sales totaled around EUR500 million, show ZF calculations based on data from market more

24 oct 2013

Businesspeople in Romania have started to draft next year’s budgets for their companies, but they cannot use the country’s 2014 draft budget as reference point because the latter will be finalized more

24 oct 2013

The use of online video content will continue to increase in the future, due to the rising Internet speed and the increasing number of interconnected mobile devices. more

24 oct 2013

Generating electricity at the point of consumption through solutions such as solar panels installed on rooftops could be a new driver of growth for renewable energy, but for now only companies stand more

23 oct 2013

Romania's 2012 budget deficit was barely kept within the target of 3% of the gross domestic product agreed upon the international financial partners, under the European System of Accounts (ESA 95) more

23 oct 2013

The initial public offering (IPO) of 15% in state-run natural gas producer Romgaz, the largest offering in the history of the Bucharest Stock Exchange, was prepared by over 100 professionals who had more

23 oct 2013

Turkish group Bozlu will open its first Neolife medical center in Romania, in Bucharest, at the end of 2013, following a EUR15 million investment. more

23 oct 2013

Independent gas stations hold 10% of Romania’s gasoline and diesel oil market, estimated by ZF at $5.5 billion (EUR4.5 billion) last year. more

22 oct 2013

The construction of the 70 km-long Sebes-Turda highway will cost nearly EUR1 billion, double from nearly EUR554 million estimated in summer. more

22 oct 2013

A quarter of the leading managers in the Romanian economy are foreigners and 150 top executives were either promoted or changed their job in 2013. more

22 oct 2013

British-born Stephen Stead, who in August 2012 stepped down as CEO of Labormed, has returned to the pharmaceutical industry in a regional position within Ranbaxy and is based in Romania. He is more

18 oct 2013

Foreigners are more confident in Romania’s development potential than Romanians themselves, Viscount Etienne Davignon, chairman of financial group Bilderberg, said in Bucharest Thursday. more

18 oct 2013

No new highway construction site has been inaugurated since the beginning of the year, while auctions for new projects are postponed. Chances are slim for work on a new highway to start before the end more

18 oct 2013

Markus Wirth, the Swiss who brought Holcim group net profits of EUR200 million while he led the company’s operations in Romania between 2004 and 2011, moved to Constanta from where he has been more

17 oct 2013

The Romanian state’s promises and effort to bring more money to the budget ultimately translates into more pressure, though not on tax evaders, but on all those who pay their obligations to the tax more

17 oct 2013

Oil giant Saras, a business of around EUR12 billion chaired by Massimo Moratti, says it has suspended the authorization process for a EUR200 million wind project it planned to build in Constanta, more

17 oct 2013

Mortgage loans in lei granted by ING Bank have reached 15% of overall mortgage lending nine months after the bank’s strategic decision to no longer sell retail loans in euros. more

16 oct 2013

The Netherlands, Austria and Germany fetched around half the total volume of foreign direct investments in the past five years, remaining in the top three every year, according to data from central more

16 oct 2013

Ford’s engine production at its Romanian plant is accelerating to over 1,000 units per day, driven by exports outside Europe, while car production at the plant is affected by the declining car more

16 oct 2013

Banks, companies in the industrial sector and local authorities in Romania have borrowed over EUR1 billion in the past year from the three major international financial institutions – the World more

15 oct 2013

The level of oil and natural gas royalties to the state budget is not sufficient and will be renegotiated at the end of next year, said Gheorghe Dutu, president of the National Mineral Resources more

15 oct 2013

The Romanian economy and consumption are stagnating at present because of problems in Europe, says Antonio di Berardino, the Italian who has been running the network of Winmarkt shopping centers for more