15 dec 2011

Rominserv Valves Iaifo Zalau, the general contractor of Romania’s second-largest oil group Rompetrol, estimates total revenue of $200 million in 2011, slightly down from $217 million a year earlier, more

15 dec 2011

Romanian investment fund Fondul Proprietatea Thursday said its net profit inched up 0.5% to 536 million lei (EUR123.4 million) in November, from RON533.4 million a month earlier. more

15 dec 2011

Romanian state-run power grid operator Transelectrica (TEL.RO) estimates a pretax profit of 25 million lei (EUR5.75 million) in 2011, down from RON42 million previously predicted, the company said in more

15 dec 2011

The Romanian Economy Ministry will hire by March 31, 2012 advisers for the privatization of several units of power company Electrica SA, according to a couple of draft government decisions. more

15 dec 2011

Romania’s leu edged higher against the euro in late trade Thursday, tracking the currencies in the region, and closed modestly stronger on the day, amid average volumes. more

15 dec 2011

Romanian state-owned energy producer Nuclearelectrica Thursday extended until March 15, 2012 the deadline by which investors can file binding offers for the construction of two additional reactors at more

15 dec 2011

Greece’s ATEbank will launch an open public tender to sell its 93.27% stake in ATEbank Romania, as part of a wider restructuring program, the Greek lender said in a statement Thursday. more

15 dec 2011

Romania has one of the highest corporate and personal income tax rates in central and eastern Europe, second only to neighboring Hungary, a survey from tax advisory firm Accace showed Wednesday. more

15 dec 2011

Almost half of the Romanians do not earn enough to put money aside, while those who do have little or no knowledge about the available financial instruments, according to a survey from local market more

15 dec 2011

Romania’s leu traded in tight ranges against the euro by midday Thursday and the central bank’s reference weakened modestly to 4.3422 units, from 4.3415 units a day earlier. more

15 dec 2011

Romanian consumer prices inched up 0.4% in November, the fourth biggest one-month increase across the European Union, official data showed Thursday. more

14 dec 2011

The European Bank for Reconstruction and Development is considering providing a loan of up to EUR16.2 million to Aquaserv company in Romanian central county of Mures, the bank said in a statement more

14 dec 2011

Romanian investment fund Fondul Proprietatea (FP.RO) has lost a court action against military defense contractor Romarm requesting the registration of ownership right over approximately 3 million more

14 dec 2011

Romania’s leu lost part of its early gains versus the euro in late trade Wednesday, mirroring the currencies in the region, and closed slightly stronger on the day at 4.344/4.346 units. more

14 dec 2011

Romania’s economic growth will likely slow down to 0.5% in 2012, from 2% predicted for this year, due to new austerity measures and external pressures, the Economist Intelligence Unit said in its more

14 dec 2011

Romanian bank asset quality has continued to weaken and further deterioration without strengthening of banks' capital could result in the sector outlook turning negative, Fitch Ratings said in a more

14 dec 2011

Romania’s leu traded near 4.34 per euro by midday Wednesday and the central bank’s reference strengthened almost 0.2% to 4.3415 units, from 4.3497 units a day earlier. more

14 dec 2011

Romania’s industrial production rose 4.8% on the year in October, the sixth biggest increase in the European Union, official data showed Wednesday. more

13 dec 2011

Romanian chemical plant Chimcomplex Borzesti (CHOB.RO) will invest up to EUR22 million in a new thermal power unit, the company said in a statement Tuesday. more

13 dec 2011

Romanian building materials producer Adeplast will invest EUR10 million in a new adhesives and dry mortar plant in the northeastern city of Roman, general manager and company’s main shareholder more

13 dec 2011

Romania’s leu edged lower against the euro Tuesday, contrary to the movement in the region, and closed at 4.35/4.352 to the euro amid a quiet market and on slightly raised volumes. more

13 dec 2011

Romanian state-run energy producer Hidroelectrica will terminate its bilateral deals concluded outside the energy market OPCOM at the earliest possible time, the company said Friday. more

13 dec 2011

Romania’s leu moved around 4.35 per euro by midday Tuesday and the central bank’s reference weakened 0.2% to 4.3497 units, from 4.3409 units a day earlier. more

13 dec 2011

The European Investment Fund and Romania’s UniCredit Tiriac Bank have signed a guarantee agreement under the Joint European Resources for Micro to Medium Enterprises (JEREMIE) initiative, allowing more

12 dec 2011

Romania’s leu retreated against the euro in late trade Monday, in line with the currencies in the region, and closed weaker on the day, amid scarce volumes. more