16 nov 2013

The Bucharest North railway station might be modernized and turned into a transit point in a project worth over 1.5 billion lei (EUR0.33 billion), which should be carried out in partnership with a more

15 nov 2013

Shopping center operator Cocor Bucuresti (COCR.RO) switched to net profit of 4 million lei (EUR0.921 million) in the first nine months of 2013, after loss of RON10.5 million in the similar interval a more

15 nov 2013

The Bucharest stock exchange closed up Friday and OMV Petrom (SNP.RO) was back in green after the European Bank for Reconstruction and Development (EBRD) said Thursday it sold its remaining stake of more

15 nov 2013

Romanian chemical company Chimcomplex Borzesti (CHOB.RO) Friday said its net profit fell 27% to 6.1 million lei (EUR million) in the first nine months of 2013, from RON8.4 million in the similar more

15 nov 2013

Andrei Iancu Timofte Thursday bought about 49.62% of Romanian constructor Transilvania Constructii (COTR.RO) from regional investment fund SIF Crisana-Banat (SIF1.RO), for 29.1 million lei (EUR6.5 more

15 nov 2013

Dante Stein Thursday was appointed president of Romanian state-run airline Tarom’s Managing Board, the company said Friday. more

15 nov 2013

Food and beverage company Nestle Romania, part of Swiss group Nestle, expects turnover of 718 million lei (EUR161.3 million) in 2013, steady on the year, Herve de Froment, the general manager of the more

14 nov 2013

Romanian car parts maker Altur Slatina (ALT.RO) Thursday said it switched to loss of 2.52 million lei (EUR0.5 million) in the first nine months of 2013, from profit of RON1.89 million in the similar more

14 nov 2013

The prices of gasoline and diesel oil in Romania will increase by 0.3 lei (EUR0.06) to RON0.4 per liter in 2014, following an increase in fuel excises, Finance Minister Daniel Chitoiu said Thursday. more

14 nov 2013

Romanian plastic profiles producer Romcarbon Buzau (ROCE.RO) Thursday said its loss fell 62% to about 1 million lei (EUR0.230 million) in January-September 2013, from RON2.72 million in the similar more

14 nov 2013

Romanian oil and gas pipe maker Condmag Brasov (COMI.RO) Thursday reported loss of 12 million lei (EUR million) for the first nine months of 2013, from RON11.4 million in the similar interval a year more

14 nov 2013

Romanian paper and cardboard maker Vrancart Adjud (VNC.RO) Thursday said its net profit rose 54.8% to 5.11 million lei (EUR1.1 million) in the first nine months of 2013, from RON3.3 million in the more

14 nov 2013

Romanian aircraft repairs and maintenance company Romaero Bucuresti (RORX.RO) reduced loss 2.6 times to 11.7 million lei (EUR2.6 million) in the first nine months of 2013, from RON31 million in the more

14 nov 2013

South-African real estate investment fund New Europe Property Investments (NEP.RO) said Thursday its profit attributable to shareholders rose 80% to EUR35.9 million in the first nine months of 2013, more

14 nov 2013

Romanian state-run freight railway operator CFR Marfa reduced loss by 20.8% in the first nine months of 2013 to 135.3 million lei (EUR30.3 million). more

14 nov 2013

Romania and the International Monetary Fund agreed to give local authorities a free hand to increase taxes on property paid by individuals as much as they feel necessary. more

14 nov 2013

Romania’s government and the International Monetary Fund have decided state-run freight railway operator CFR Marfa will be reorganized “aggressively” by cutting staff costs, scrapping old more

14 nov 2013

Romania’s government will decide by the end of the year whether it will lease or close 1,600 kilometers of railway lines in 2013 and 2014, aiming to save some 70 million lei (EUR15.7 million) more

14 nov 2013

Romania’s government has pledged to lower social security contribution rates in the second half of 2014 without bearing down on the state budget, and widen taxable income, according to the more

14 nov 2013

Romanian rubber bands maker Artego Targu Jiu (ARTE.RO) Thursday said its profit fell 33% on the year to 4.47 million lei (EUR1 million) in the first nine months of 2013. more

14 nov 2013

The Romanian retail market is becoming more and more attractive to investors and about 40% of retailers interested in Central and Eastern Europe (CEE) are looking at Romania, according to Colliers. more

14 nov 2013

French group Renault, owner of carmaker Dacia, appointed Nicolas Maure as general manager of Dacia and Renault Romania, replacing Jérôme Olive, who was named industrial manager for the group’s more

14 nov 2013

Retailers hosted by shopping center Shopping City Ploiesti, which was opened in November 2012, registered sales of over EUR25 million over the past year, the mall said in a press release Thursday. more

13 nov 2013

Romanian realty developer Impact Developer&Contractor (IMP.RO) Wednesday said its loss rose 25% on the year to 20.4 million lei (EUR4.6 million) in the first nine months of 2013. more

13 nov 2013

Romanian hotel-operator THR Marea Neagra (EFO.RO) registered net profit of 2.8 million lei (EUR0.644 million) in the first nine months of 2013, down 24% from RON3.7 million in the similar interval a more