18 nov 2011

OTP Bank Romania, the local unit of Hungary’s financial group OTP, swung to a net profit of 1.5 billion Hungarian forints (EUR5.4 million) in the first nine months, from losses a year earlier, aided more

17 nov 2011

The shareholders of the Bucharest Stock Exchange Thursday relieved Valentin Ionescu of his general manager duties, citing several reasons for the move, including insufficient commitment and a poor more

17 nov 2011

Romania’s Finance Ministry on Thursday sold 296.5 million lei (EUR68 million) in three-year bonds, slightly below the planned amount, at an average yield of 7.48% a year. more

16 nov 2011

Romanian dairy maker Prodlacta Brasov (PRAE.RO) Wednesday said its loss widened 24% on the year to 3.6 million lei (EUR0.82 million) in the first nine months, on lower sales. more

16 nov 2011

Romanian chemical fertilizer maker Azomures (AZO.RO) Wednesday said its net profit more than tripled on the year to 288.2 million lei (EUR66.1 million) in the first nine months, fueled by a 48.2% more

16 nov 2011

Romanian milling and bakery company Boromir Prod Buzau (SPCU.RO) Wednesday said its sales rose 24% to 110.82 million lei (EUR25.4 million) in the first nine months, from RON89.3 million a year more

16 nov 2011

Romania’s leu weakened against the euro Wednesday, amid low volumes, and closed 0.3% lower at 4.364/4.366 units, from 4.3515/4.3545 units a day earlier. more

16 nov 2011

Romanian state-run thermal power producer Rovinari Wednesday said its pretax profit more than tripled on the year to 25.5 million lei (EUR6 million) in the first nine months, boosted by a 28% increase more

16 nov 2011

Bucharest ranks 24th in a chart of European shopping destinations, having low prices as its strongest suit and shops, culture and climate as its weakest, according to a survey by the Economic more

16 nov 2011

Romania’s leu retreated against the euro by midday Wednesday and the central bank’s reference lost almost 0.2% on the day to 4.3565 units, the lowest rate in two weeks. more

16 nov 2011

Romanian consumer prices inched up 0.6% in October, the fifth biggest one-month rise in prices across the European Union, official data showed Wednesday. more

16 nov 2011

Romania's Trade Registry Thursday said 15,767 companies filed for insolvency in the first 10 months of 2011, down 10% from 17,484 companies in the same period a year earlier. more

15 nov 2011

Romanian engine manufacturer UCM Resita (UCM.RO) Tuesday said its net loss narrowed 18% to 54.9 million lei (EUR13 million) in the first nine months, from RON67 million in the year-earlier period. more

15 nov 2011

Romanian paper and cardboard maker Vrancart Adjud (VNC.RO) Tuesday said its net profit fell 53.16% to 1.36 million lei (EUR0.31 million) in the first nine months, hit by exchange rate changes. more

15 nov 2011

Romanian economy is likely to grow by 1.8%-2.3% in 2012, mostly fueled by agricultural output and constructions, according to estimates of the National Prognosis Commission. more

15 nov 2011

Romanian building materials manufacturer Cemacon Zalau (CEON.RO) Tuesday said it has switched to a loss of 2.88 million lei (EUR0.66 million) in the first nine months, from a net profit of RON3.7 more

15 nov 2011

Romanian harbor operator Comvex Constanta (CMVX.RO) Tuesday said its net profit more than halved to 2.71 million lei (EUR0.62 million) in the first nine months, from RON5.96 million a year earlier. more

15 nov 2011

Romanian poultry processor Avicola Brasov (AVLE.RO) Tuesday said its sales slid 3.8% to 66.16 million lei (EUR15.2 million) in the first nine months, from RON68.8 million in the year-earlier period. more

15 nov 2011

Romanian steel maker Mechel Targoviste (COS.RO) Tuesday said its loss widened 12.1% to 89.2 million lei (EUR20.5 million) in the first nine months, despite a 42.3% increase in sales. more

15 nov 2011

Romanian pharmaceuticals supplier Farmaceutica Remedia Deva (RMAH.RO) Tuesday said its net profit rose 39% on the year to 4 million lei (EUR0.92 million) in the first nine months, on higher sales. more

15 nov 2011

Romanian pharmaceuticals company Zentiva Romania (SCD.RO) Tuesday said its net profit fell 27% to 41.9 million lei (EUR9.9 million) in the first nine months, from RON57.4 million in the year-earlier more

15 nov 2011

Romanian oil and gas services company Foraj Sonde Craiova (FOSB.RO) Tuesday reported net profit of 6.9 million lei (EUR1.58 million) in the first nine months, nearly sevenfold higher on the year. more

15 nov 2011

Romanian steel works Mechel Campia Turzii (INSI.RO), a unit of Russia's mining and metals Mechel Steel Group, Tuesday said its loss widened 32% on the year to 69.3 million lei (EUR16 million) in the more

15 nov 2011

Romanian fertilizer maker Amonil Slobozia (AMO.RO) Tuesday said it has switched to a loss of 16 million lei (EUR3.8 million) in the first nine months, due to lower sales. more

15 nov 2011

Romania’s leu traded just above 4.35 per euro in late session Tuesday and closed modestly higher on the day, with dealers suspecting the central bank sold at least EUR100 million to keep the more