21 oct 2016

Fitch Ratings has affirmed the long-term issuer default ratings (IDRs) of Romanian lender Banca Transilvania (TLV.RO) at 'BB', with stable outlook. more

21 oct 2016

Shareholders of Romanian abrasives maker Carbochim Cluj-Napoca (CBC. RO) will meet on November 29 to elect a new Board of Directors, the company said Friday in a statement to Bucharest Stock Exchange. more

21 oct 2016

Loans granted by non-banking financial institutions (NBFIs) included in the central bank's general registry reached RON23 billion (EUR5.2 billion) at the end of June 2016, up by RON1.8 billion more

21 oct 2016

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20 oct 2016

ArcelorMittal will continue to invest in steel production at ArcelorMittal Galati, the largest steel plant in Romania, building on the EUR350 million that has been invested in the Galati unit since more

20 oct 2016

The Romanian economy is booming, nevertheless, consumers are skeptical about the next few months and would not rule out the possibility of an economic slowdown, according to a GfK study. more

20 oct 2016

Low-cost airline Blue Air will launch 16 new routes from Romanian airports in Bucharest, Cluj, Iasi, Constanta and Oradea in 2017, as part of the company’s expansion strategy. more

20 oct 2016

Nearly 20% of the turnover of companies active in Romania is generated by companies with at least one shareholder which is a legal entity registered offshore, according to a KeysFin study. more

20 oct 2016

Argo Capital Property, one of the largest owners, developers and operators of shopping centers in Central and Eastern Europe, will extend Era Park shopping center in Iasi city by a laesable area of more

19 oct 2016

Enterprise Concept group, one of the main players on the Romanian BPM (business process management) market, estimates a turnover of EUR2 million this year, double versus 2015, and a 50% growth in more

19 oct 2016

Online retailer eMAG will organize the sixth edition of Black Friday on November 18; the offers will come from over 2,000 stores listed on eMAG Marketplace, more than double compared with last year. more

19 oct 2016

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18 oct 2016

The Romanian Chamber of Deputies has adopted the bill on tackling food waste, so that retailers will have to donate food products nearing the expiry date, otherwise they will get fines of up to more

18 oct 2016

Romania’s Chamber of Deputies on Tuesday gave its final vote on the bill regarding the conversion of Swiss franc loans into Romanian lei, with 248 ''pros,'' no cons and no abstentions. more

18 oct 2016

Romanian oil storage and shipment firm Oil Terminal (OIL.RO) promoted Dumitru Matei from the position of Board of Directors member to the position of Board of Directors chairman, replacing Bogdan more

18 oct 2016

Investment fund Fondul Proprietatea (FP.RO) on Monday sold 1.9 billion shares of the 3.3 billion shares owned in oil and gas company OMV Petrom (SNP.RO) through BCR brokerage division. more

18 oct 2016

Caroli Foods Group, one of the largest local processed meats producers in Romania, reported a turnover of RON229 million in the first six months of 2016, up 34% verus the year-earlier period, the more

17 oct 2016

The Romanian Finance Ministry has signed with Transearch International the contract for selecting the nine members of the Board of Directors of Romanian lender CEC Bank. more

17 oct 2016

Romanian state-run drugmaker Antibiotice Iasi (ATB.RO) will cease the payment of dividends from 2012 profit as of November 1, 2016, the company said in a statement Monday. more

17 oct 2016

Eight in ten Romanians (79%) manage their money or make payments using a mobile device, according to a Visa survey. more

17 oct 2016

Franklin Templeton, manager of Romanian investment fund Fondul Proprietatea (FP.RO) since 2010, has recommended shareholders to vote against the termination of its mandate as fund manager at the more

16 oct 2016

The average volume of trades on Bucharest Stock Exchange is currently below EUR10 million (RON45 million) a day but the value could double in a few years if the Romanian capital market is upgraded to more

16 oct 2016

Nearly 70% of the revenues of Fashion Days, the largest online fashion retailer on the local market, are generated by sales through smartphone, mainly through the mobile application, according to the more

14 oct 2016

Insolvent office compound Swan Office & Technology Park, located in Pipera-Tunari, Ilfov county, was sold to Smartown Investments for EUR30.3 million, 50% higher than the price approved by creditors, more

14 oct 2016

Corsar Online company, which manages online electro-IT store cel.ro, targets 50% higher revenues in 2016, to RON260 million. more