19 sep 2013

Romania’s domestic and external public debt sped up during the five years since the crisis began, and has now more than doubled compared with the end of 2008, to over 250 billion lei (EUR56 more

19 sep 2013

Ovidiu Ghiman the Romtelecom manager who helped the company become no. 2 on the commercial residential segment of internet and TV services, will be appointed chief commercial officer on the corporate more

19 sep 2013

Card holders spent 11 billion lei (equivalent to EUR2.5 billion) on food, beverages and tobacco, half the overall amount spent by Romanians using cards. more

18 sep 2013

The ten-year contract between oil and gas company OMV Petrom (SNP.RO) and the Romanian state on royalties expires in 2014 and the question is what the new royalties will be, after the renegotiation of more

18 sep 2013

Israeli company AFI Europe, owner of AFI Palace Cotroceni mall in Bucharest, is building a 800 square-meter extension of the H&M store. In the extension the retailer will sell both clothes and home more

18 sep 2013

The largest Romanian-held bakery group, Boromir Ramnicu-Valcea, is looking at Russia as a target market for its pastry products. more

17 sep 2013

Romanian industrialist Valer Blidar, owner of passenger railcar maker Astra Vagoane Calatori, says 2013 will be a much better year for his business than 2012, when “his company was barely more

17 sep 2013

Slowness and fear of taking decisions are among the main reasons why Romania lacks foreign investments, believes Mihai Bogza, president of the Foreign Investors Council (CIS) and chairman of more

16 sep 2013

Results registered by the Romanian state-owned airline Tarom are in line with those stated in the company’s management plan and passenger numbers rose 6% in August, according to Christian Heinzmann, more

16 sep 2013

French group Renault, owner of Romanian carmaker Dacia, sold almost 185,000 cars on Dacia’s ten largest markets in the first eight months of 2013, up almost 5% on the year. They have a total market more

16 sep 2013

Foreign shareholders of banks, insurers and leasing companies added around EUR240 million to the capital of Romanian subsidiaries between in January and June 2013. more

13 sep 2013

London-based ING Corporate Finance, the financial consulting division of Dutch group ING, will help Grup Feroviar Roman (GFR) get financing to buy 51% in freight railway carrier CFR Marfa, according more

13 sep 2013

Aeronautical giants EADS and Boeing plan to outsource production to peripheral countries like Romania and Poland, and their orders currently represent the main pillars for the development of the more

13 sep 2013

Romanian-held Astra leads the ranking of insurers that get the largest revenues from property policies, with gross underwritten premiums of 177 million lei (EUR40 million) in the first six months of more

12 sep 2013

DAAS Romania, supplier of equipment and services for the HoReCa and food retail businesses, registered 15% lower sales on the year in the first half of 2013, because the retail sector slowed down its more

12 sep 2013

Consumer loan stock fell by the equivalent of 21 billion lei (EUR4.6 billion) in July, from the record high reached in February 2009, when the financial crisis hit Romania. more

12 sep 2013

Galli Gallo, the largest turkey farmer and turkey meat processor in Romania, went insolvent at its own request amid difficulties on the poultry market and weighed down by debts. more

11 sep 2013

The Romanian central bank’s recent cut in its monetary policy rate triggered an increase in loan-based sales of electronics and IT products, one of the sectors that has been affected by the more

11 sep 2013

Romania’s trade balance on agrifood products is still running a deficit despite the fact that the country’s agriculture sector was allotted funds of EUR10 billion from the European Union over the more

10 sep 2013

Most analysts estimate the Nuclearelectrica offering will close at a price near the minimum of the subscription interval (11.2-15 lei per share), but analysts’ estimates differ as to the evolution more

10 sep 2013

Moshe Greidinger, CEO of Cinema City International, the most extensive cinema chain in Romania, present in 15 shopping centers, hopes that within five years the number of tickets sold on the cinema more

9 sep 2013

The initial public offering of 10% in Romania’s state-run nuclear power producer Nuclearelectrica starts Monday and its purpose is not to raise money, but to revive a gloomy Bucharest Stock more

9 sep 2013

The lack of transparency, efficiency and responsibility of the public local administrations can be a major risk for Romania’s economy and more transparency could be the way to avoid potential more

9 sep 2013

Romania’s central bank still has its reservations when it comes to allowing banks to write off bad loans (completely erase the value of non-performing loans), because it doesn’t consider it wise more

6 sep 2013

The top-three leasing companies affiliated to banks in the first half of the year were, in this order, UniCredit Leasing, VB Leasing and Raiffeisen Leasing, according to market sources. more