23 feb 2012

Romanian natural gas producer Romgaz Medias Thursday said its net profit rose 17% to approximately 762 million lei (roughly EUR180 million) in 2011, on higher sales. more

23 feb 2012

Romania’s Finance Ministry on Thursday sold 122 million lei (EUR28 million) in 15-year bonds, below the planned amount, at an average yield of 6.98% a year. more

23 feb 2012

Romanian state-run hydropower generator Hidroelectrica Thursday said its net profit dropped to 15.7 million lei (EUR3.6 million) in 2011, from over RON292 million a year earlier, hit by dry weather. more

23 feb 2012

Romania’s leu edged higher against the euro by midday Thursday and the central bank’s reference strengthened modestly to 4.3557 units, from 4.3602 units a day earlier. more

23 feb 2012

The European Commission revised its forecast on Romanian economic growth to 1.6% in 2012 from 2.1% previously, saying it expects growth to be negatively affected by uncertainties in the financial more

23 feb 2012

Romania will launch roadshows for a secondary offering of 15% in state-run power grid operator Transelectrica (TEL.RO) on February 27, while investors will be able to subscribe to the offering by more

22 feb 2012

Romanian state-run power grid operator Transelectrica (TEL.RO) will pay 361.3 million lei (EUR82.2 million) to its unit Smart SA for works and maintenance services at its electric installations, the more

22 feb 2012

Russia’s steel giant Mechel Wednesday said three of its four Romanian plants that ceased production because of bad weather have resumed operations, while the last one is scheduled to start activity more

22 feb 2012

Romania’s leu weakened modestly against the euro Wednesday and closed slightly below 4.36 units, amid a quiet market. more

22 feb 2012

ING Bank Romania Wednesday said its pretax profit rose 26% to 161 million lei (EUR36.9 million) in 2011, from RON128 million a year earlier. more

22 feb 2012

Romanian retailer Profi bought Sibiu-based supermarket network Alcomsib, which holds six stores and was previously owned by the Aldea family. more

22 feb 2012

Romanian natural gas market rose 3% to 14.2 billion cubic meters in 2011, helped by growing demand from industrial consumers, oil company OMV Petrom (SNP.RO) said Wednesday. more

22 feb 2012

The European Commission has authorized 1.17 billion lei (around EUR270 million) of Romanian public funding for the closure of three uncompetitive coal mining units owned by the country’s hard coal more

22 feb 2012

Moody's Investors Service Tuesday warned it might lower the credit ratings of 21 bank subsidiaries in central and eastern Europe region and Commonwealth of Independent States, including Romania’s more

22 feb 2012

Romanian dominant oil company OMV Petrom (SNP.RO) and ExxonMobil Exploration and Production Romania Wednesday reported a significant gas discovery at their joint Domino-1 deepwater well in the Black more

22 feb 2012

Romania’s leu edged lower against the euro by midday Wednesday and the central bank’s reference weakened 0.12% to 4.3602 units, from 4.355 units a day earlier. more

22 feb 2012

Romanian leading oil company OMV Petrom (SNP.RO) Wednesday said its net profit rose 72% to a record 3.76 billion lei (EUR887 million) in 2011, fueled by higher crude oil prices and lower costs. more

21 feb 2012

Bank of Cyprus Tuesday reported a 34% drop in its after-tax profit in Romania to EUR5.9 million in 2011, hit by lower revenue from interests, according to the lender’s financial report. more

21 feb 2012

Romania’s leu closed slightly lower against the euro after a lackluster session Tuesday, amid low volumes. more

21 feb 2012

Romania’s leu moved in narrow ranges against the euro by midday Tuesday and the central bank’s reference weakened marginally to 4.355 units, from 4.3535 units a day earlier. more

20 feb 2012

Biofarm (BIO.RO) was the most profitable pharmaceuticals company on the Bucharest stock exchange last year. Despite a two-percentage point drop in net profit margin to 15.5%, the drugmaker surpassed more

17 feb 2012

Romanian regional investment find SIF Muntenia (SIF4.RO) Friday proposed paying out a gross dividend of 0.081 lei (EUR0.018) a share from the 2011 profits, similar to the one paid last year. more

17 feb 2012

Energy contractor Romenergo and two of its subordinated units own together 5% in Romanian investment fund SIF Banat-Crisana (SIF1.RO), the fund said in a statement Friday. more

17 feb 2012

Russian steel giant Mechel Friday said it has temporarily shut down production at its Romanian plants Mechel Targoviste and Ductil Steel Otelu Rosu due to shipping difficulties, just a couple of days more

17 feb 2012

Romania’s leu continued to trade in a tight range against the euro amid an apathetic market Friday and closed flat on the day at around 4.355 units. more