3 oct 2016

KPMG Romania announced three new appointments with effect from 1 October, as René Schӧb joined the firm as Partner and Tracey Walker and Ionut Mastacaneanu were promoted to Directors. more

3 oct 2016

Romania's largest bank BCR, a unit of Austria’s Erste Group Bank (EBS.RO), hiked the down payment required on mortgage loans after the implementation of the debt discharge law, but it subsequently more

3 oct 2016

Low-cost airline Blue Air will open next year a new airbase on John Lennon airport, in Liverpool, the company’s eighth European airbase, as part of its expansion strategy. more

3 oct 2016

Saint-Gobain Glass Romania, the local division of France's Saint-Gobain group, targets a 10% sales growth in 2016, from EUR72 million a year before, the company said in a statement Monday. more

2 oct 2016

The medicine industry is more and more affected by the clawback tax, as the tax currently accounts for approximately 30% of the value added of a drugmaker, which will soon lead to the collapse of drug more

2 oct 2016

The bulk of foreign direct investments (FDI) in 2015 went to financial brokerage (13.1% of the total), followed by trade and real estate transactions (12.2% each), according to a statistical survey by more

30 sep 2016

Romania's economic growth exceeded expectations in the second quarter of 2016 (6%), as a result of the expansion in household consumption and investment, the National Bank of Romania said in a more

30 sep 2016

Pirelli group, which owns tire plant Pirelli Tyres in Romania, announced additional investments of approximately EUR200 million in its Slatina-based plant by 2021. more

30 sep 2016

The Romanian capital market was included on the list of countries that have a substantial potential to be upgraded to emerging market status in short or medium term perspective, according to FTSE more

30 sep 2016

Automobile Dacia SA, OMV Petrom Marketing SRL and OMV Petrom SA are on top of the largest companies in Romania by 2015 turnover, being the only companies which exceeded a turnover of RON10 billion, more

30 sep 2016

Vrancart Adjud (VNC.RO), a major paper and cardboard maker in Romania, will pay gross dividends worth RON0.016/share from its 2015 profit, starting September 30. more

30 sep 2016

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29 sep 2016

Energy companies listed on Bucharest Stock Exchange edged up 1.09% on Thursday, after the Organization of the Petroleum Exporting Countries (OPEC) agreed to limit crude output, which led to a global more

29 sep 2016

Shares of oil and gas company OMV Petrom (SNP.RO) fell nearly 6% on Wednesday, trading at RON0.244 per share, from RON0.259 per share on September 22, before investment fund Fondul Proprietatea said more

29 sep 2016

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28 sep 2016

Romania's state-owned EximBank will continue to issue state insurance policies for short term export credits for Romanian exporters, which are temporarily taking over non-market risks for Greek more

28 sep 2016

Romania posted an agrifood trade deficit of EUR663.6 million in January-June, over threefold higher than in the same period last year, data from Agriculture Ministry showed Wednesday. more

28 sep 2016

Sugar producer Agrana Romania (BETA.RO) reported losses of RON1.6 million in the first six months of 2016, versus losses of RON13 million in the year-earlier period, the company said in a statement more

28 sep 2016

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27 sep 2016

Romania’s Competition Council on Tuesday said it approved the takeover of 78 Reteta pharmacies from Sibpharmamed SRL (Polisano group) by retail pharmacy chain Sensiblu. more

27 sep 2016

French retail group Carrefour will exceed 15,000 employees in Romania this year, on the backdrop of the takeover of Billa stores and the opening of new hypermarkets, the company said in a statement more

27 sep 2016

Household appliance maker Arctic, part of Turkish group Arcelik, named a new CEO, Nihat Bayız, who will replace Hasan Ali Yardimci, promoted as Beko USA president after a two-year mandate. more

27 sep 2016

Swedish bakery products group Lantmännen Unibake bought Romanian producer of hamburger buns Frozen Bakery Products SA, previously owned by Austrian group GoodMills. more

27 sep 2016

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26 sep 2016

The macroeconomic confidence index of the Chartered Financial Analysts Association – Romania (CFA Romania) rose by 14 points to 64.8 points in August, due to higher current conditions index and more