12 dec 2013

Romanian Culture Minister Daniel Barbu has resigned from the Cabinet Thursday. more

12 dec 2013

The Bucharest stock exchange opened up 0.14% Thursday and the shares of natural gas transporter Transgaz (TGN.RO) rose 3.71% after investment fund Fondul Proprietatea announced it sold its entire more

12 dec 2013

Romanian investment fund Fondul Proprietatea (FP.RO) has sold its entire stake in state-run natural gas transporter Transgaz (TGN.RO) via a private offering for 303.51 million lei (EUR68.2 million). more

12 dec 2013

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11 dec 2013

Romania’s Transport Ministry expects privatization revenues of 11.4 million lei (EUR2.56 million) in 2014 from the sale of minority stakes in the companies it controls, according to the ministry’s more

11 dec 2013

The net subscriptions of Romanian open-end investment funds hit a record high of 777.8 million lei (EUR174.9 million) in November, and local bond funds attracted 72% of the entire sum. more

11 dec 2013

Lars Wiechen, executive manager and head of the valuation & business modeling services at Ernst&Young Romania, says construction firms and financial institutions have witnessed the steepest decrease more

11 dec 2013

Romanians work about six days per month only to pay income taxes, similar to Czechs, according to a survey conducted by research company Accace. more

11 dec 2013

The Bucharest stock exchange opened slightly up Wednesday and the bourse’s liquidity was lifted mainly by transfers with the shares of gas transporter Transgaz (TGN.RO) and investment fund Fondul more

11 dec 2013

FAN Courier, the largest Romanian-held company on the courier market, expects turnover of 275 million lei (EUR61.7 million) in 2013, up 13.7% on the year. more

11 dec 2013

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10 dec 2013

Only 11% of companies in Romania expect to increase staff in the first quarter of 2014, while most of employers say they will keep staff levels unchanged, according to a survey conducted by Manpower. more

10 dec 2013

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9 dec 2013

Romania’s European fund absorption rate reached 25.96% at the end of November, up 1.4 percentage points on the month, according to the Ministry for European Funds. more

9 dec 2013

Electricity supply in Romania was shut off for an average of ten hours and a half last year, almost one and a half hours more than in the previous year, and affected about 9 million consumers. more

9 dec 2013

Romanian road freight transporters have halted activity Monday in protest to the government’s decision to raise excises on fuels, Augustin Hagiu, representative of the National Road Confederation more

9 dec 2013

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8 dec 2013

U.S. energy company Chevron said Sunday it resumed shale gas exploration in Silistea-Pungesti, in the eastern county of Vaslui, after it suspended works Saturday in response to protests against more

8 dec 2013

Industrial group Uzinsider expects turnover of EUR63 million for 2013, up 15% on the year, supported by exports, which account for 95% of its total sales. more

7 dec 2013

U.S. energy giant Chevron has once again delayed plans to drill for shale gas at its field in Silistea-Pungesti, in the eastern county of Vaslui, in response to protests organized Saturday morning more

6 dec 2013

Foreign institutional investors’ holdings in Romanian investment fund Fondul Proprietatea (FP.RO) fell 3.25 percentage points to 54.25% at the end of November. more

6 dec 2013

The Bucharest Court sentenced Eugen Bradean, former trading manager with state-owned hydropower plant Hidroelectrica, to a three-year suspended jail term, in a corruption case. more

6 dec 2013

The Bucharest stock exchange closed undecided Friday, and most of the bourse’s liquidity came from transfers with the shares of Fondul Proprietatea (FP.RO), OMV Petrom (SNP.RO), BRD (BRD.RO) and more

6 dec 2013

The value of insolvent residential compound Silver Mountain in Poiana Brasov, central Romania, exceeds EUR80 million, firm EuroInsol, the court-appointed administrator of the project company, said more

6 dec 2013

Romania’s government wants to increase prospecting, exploration and exploitation fees in the mining industry by up to 3.9% this year and expects to collect extra 600,000 lei (EUR134,600) from the more