29 nov 2013

Average farmland prices in Romania have increased about 60% over the past two years to EUR3,100 per hectare, but are still two to eight times lower than in most European Union states, according to a more

29 nov 2013

French group AXA confirmed Friday it sold its operations in Romania to insurer Astra Asigurari, owned by Romanian businessman Dan Adamescu, and will exit the local market. more

28 nov 2013

The Bucharest stock market closed up almost 1% Thursday, while investment fund Fondul Proprietatea (FP.RO) touched a new all-time high at 0.8175 lei (EUR0.18) per share, up 0.8% on the day. more

28 nov 2013

Romanian state-owned railway operator CFR SA will organize several auctions in January to award eight rail infrastructure upgrade contracts, and the value of all contracts is estimated at 332 million more

28 nov 2013

The Bucharest Court Wednesday approved the insolvency request filed by firm Omilos Oradea, which owns Era Shopping Park in Oradea. more

28 nov 2013

Insurer Generali Romania underwrote premiums of 333.8 million lei (EUR75.2 million) in the first nine months of 2013, down 8% on the year, due to lower revenues on the general insurance segment. more

28 nov 2013

Real estate developer Adama, owned by Austrian group Immofinanz, has completed the construction of the second phase of residential compound Edenia Titan in Bucharest, following an investment worth more

28 nov 2013

South-African investment fund NEPI (NEP.RO), one of the most active real estate investors in Romania, Thursday raised approximately EUR50 million through an accelerated book build process, which was more

28 nov 2013

Over half of households in Romania own a personal computer and have access to the Internet, and about 73.2% of them live in urban areas, the country’s statistics institute INS said Thursday. more

28 nov 2013

The Bucharest stock exchange opened up almost 1% Thursday, with investors focusing mainly on investment funds Fondul Proprietatea (FP.RO) and SIF Transilvania (SIF3.RO). more

28 nov 2013

The Romanian leu remained stable against the euro Thursday morning and traded at about 4.44 units in quiet market. more

27 nov 2013

The Bucharest stock exchange closed up 0.4% Wednesday and the five regional investment funds (SIFs) kept rising after Financial Supervisory Authority representatives said the institution might allow more

27 nov 2013

Romanian small and medium-sized enterprises (SMEs) that access a state-supported program that guarantees loans for SMEs may use the funds drawn from credit lines exclusively to finance working more

27 nov 2013

Romanian winemaker Domeniile Ostrov registered turnover of over 10 million lei (EUR2.25 million) in the first nine months of 2013, up 20% on the year. more

27 nov 2013

Romania is ranked 63rd globally and last in the European Union in terms of talent competitiveness, according to the first edition of the Global Talent Competitiveness Index. more

27 nov 2013

Teodor Chirica, former general manager of Romanian state-run nuclear power company Nuclearelectrica (SNN.RO), was appointed on November 16 as head of EnergoNuclear, the company to develop a project to more

27 nov 2013

Romanian private healthcare provider MedLife registered turnover of EUR15.5 million in the third quarter of 2013, up 17% on the year. more

27 nov 2013

Raiffeisen Bank International Wednesday reported profit after taxes of EUR81 million in Romania for the first nine months of 2013, up 11.3% on the year, mainly due to higher net commission and trading more

27 nov 2013

The Romanian leu was stable against the euro Wednesday and traded at about 4.445 units on reduced appetite from investors. more

27 nov 2013

The Bucharest stock exchange opened up Wednesday, tracking the main European markets, and the bourse’s liquidity was mainly lifted by investment funds. more

26 nov 2013

The Bucharest stock market fell 0.5% Tuesday with investors focusing mainly on blue-chip stocks, and the bourse’s liquidity has exceeded 10 billion lei (EUR2.25 billion) so far this year, a record more

26 nov 2013

The project company to develop a hydropower plant in Tarnita-Lapustesti, northwestern Romania, may include, for starters, all large energy producers owned by the state. more

26 nov 2013

Romania may export about 4-5 million sheep to China, Agriculture Minister Daniel Constantin said Tuesday at the China – CEE Economic Forum in Bucharest. more

26 nov 2013

Danish company Rambøll took over geospatial services provider Blom Romania from Norwegian group Blom for EUR2.1 million. more

26 nov 2013

Trade between China and countries in Central and Eastern Europe (CEE) must double in the next five years, as its value is still low, Chinese Prime Minister Li Keqiang said Tuesday in Bucharest. more