29 apr 2014

Romanian bank Banca Carpatica is looking for a merger partner that will help propel the lender to the top 10 largest financing institutions on the local market, chief executive Johan Gabriels said. more

29 apr 2014

Romanian state-run hydropower producer Hidroelectrica has scheduled investments worth 377 million lei (EUR85 million) for this year, mainly in upgrade works and “historical” projects, the more

29 apr 2014

Enel Romania on Tuesday appointed Toni Volpe as its new country manager, replacing Luca D’Agnese in the position, the local unit of Italian utility Enel said in a statement. more

29 apr 2014

Banca Italo Romena, a unit of Italy’s banking group Veneto Banca, on Tuesday said its loss widened slightly to EUR11.7 million in 2013, from EUR11.1 million a year earlier, hurt by provisions for more

29 apr 2014

International Finance Corporation, the private sector lending arm of the World Bank Group, will provide up to EUR20 million to Czech distressed asset investment company APS Holding to co-purchase more

29 apr 2014

The Romanian leu rose against the euro by midday Tuesday, amid growing euro sales, and the central bank’s reference gained 0.33% on the day to 4.4403 units, the strongest rate in five months. more

29 apr 2014

Romanian state-run natural gas producer Romgaz Medias (SNG.RO) on Monday approved paying out a gross dividend of 2.57 lei (EUR0.576) a share for 2013, down 7.15% from a year earlier. more

28 apr 2014

Romanian turbojet parts maker Turbomecanica Bucuresti (TBM.RO) expects it will turn to net profit of 2.18 million lei (EUR0.49 million) in 2014, versus losses a year earlier, helped by an 8.6% more

28 apr 2014

State-run hydropower producer Hidroelectrica’s planned offering of a 15% stake in Bucharest will likely take place next year, once the company completes an insolvency process, according to estimates more

28 apr 2014

Romanian investment fund Fondul Proprietatea’s manager Grzegorz Konieczny on Monday estimated the best moment to list the fund’s shares in London would be in September-October. more

28 apr 2014

Romania’s leu weakened slightly against the euro Monday to finish the session at 4.452/4.453 units, amid a quiet market. more

28 apr 2014

Romanian investment fund Fondul Proprietatea (FP.RO) is negotiating the acquisition of a minority stake in state-owned electricity distributor SC Electrica SA in exchange for its holdings in four of more

28 apr 2014

Romanian investment fund Fondul Proprietatea (FP.RO) on Monday approved a proposal lodged by fund manager Franklin Templeton Investment Management for a secondary listing of the fund’s shares on the more

28 apr 2014

Romanian aluminum processor Alumil Rom Industry (ALU.RO) expects its net profit will rise to 1.31 million lei (EUR0.29 million) in 2014, from roughly RON0.56 million a year ago, helped by lower costs. more

28 apr 2014

Romania's unemployment rate inched down to 5.56% in March, from 5.83% a month earlier, data from the country’s employment agency ANOFM showed Monday. more

28 apr 2014

The Romanian leu edged lower against the euro by midday Monday and the central bank’s reference weakened slightly to 4.4549 units, from a four-week high of 4.4517 units in the previous session. more

28 apr 2014

GDF Suez Energy Romania, a unit of French-Belgian utility GDF Suez, said its net profit rose 24% to 447.1 million lei (EUR101.3 million) in 2013, helped by higher electricity sales and falling costs. more

18 apr 2014

The Romanian leu moved in a tight range against the euro by midday Friday and the central bank’s reference advanced to 4.4607 units, from 4.4684 units a day earlier. more

18 apr 2014

Romania’s leu inched higher against the euro during early trading hours Friday, amid low volumes. more

17 apr 2014

Romania’s leu advanced modestly against the euro Thursday to finish the session at 4.46/4.463 units, with investors showing a slight increase in their appetite for the national currency. more

17 apr 2014

Romanian lender BRD-Groupe Societe Generale (BRD.RO) on Thursday appointed Giovanni Luca Soma and Aurelian Dochia in the bank’s Board, pending authorization from the central bank. more

17 apr 2014

Romania’s Energy Department is analyzing a possible collaboration with Russian-owned NIS Gazprom Neft for the construction of a pipeline that would link the local southeastern city of Constanta to more

17 apr 2014

Foreign shareholders injected an aggregate EUR427 million in 16 companies with operations in key industries in Romania during the first three months of the year, Trade Registry data showed Thursday. more

17 apr 2014

Romania's Trade Registry on Thursday said 6,800 companies filed for insolvency in the first three months of the year, down 9.75% from 7.535 companies in the year-earlier period. more

17 apr 2014

The Romanian leu traded in a tight range against the euro by midday Thursday and the central bank’s reference won 0.17% on the day to 4.4684 units, from a three-week low of 4.4762 in the previous more