13 sep 2013

Romanian-held Astra leads the ranking of insurers that get the largest revenues from property policies, with gross underwritten premiums of 177 million lei (EUR40 million) in the first six months of more

12 sep 2013

Investment fund Fondul Proprietatea (FP.RO) Thursday said it will participate in increasing the share capital of Romanian state-run nuclear power producer Nuclearelectrica if the initial public more

12 sep 2013

Tax evasion in Romania climbed about 3 basis points since the beginning of the crisis to 14% of the gross domestic product in 2012, from 11.2% of the GDP in 2008, according to a report by the Fiscal more

12 sep 2013

The Romanian leu depreciated further against the euro Thursday afternoon and closed at 4.485 units to the euro. more

12 sep 2013

Romania is considering rethinking its clawback tax system so that generic drug producers and brand-name medicine producers will be taxed differently. more

12 sep 2013

The Bucharest stock exchange closed slightly up Thursday, while the bourse’s liquidity was lifted mainly by five special deals with the shares of investment fund Fondul Proprietatea (FP.RO), more

12 sep 2013

Private equity firm 3TS Capital Partners has so far attracted EUR103 million for its fourth fund, which targets investments of EUR2-10 million per company in the media and IT&C sector, including the more

12 sep 2013

U.S. software producer Oracle currently employs some 2,550 people in Romania, including contractors, and will continue hiring, Oracle Romania chief executive officer Sorin Mindrutescu, said Thursday. more

12 sep 2013

Romania’s industrial production rose 7.3% on the year in July, the second largest increase in the European Union, official data showed Thursday. more

12 sep 2013

The penetration rate of generic drugs in Romania is only 24%, compared to 55% in Poland, and local medicine producers estimate that encouraging the use of generic drugs would help the state and more

12 sep 2013

The Romanian leu continued to fall during mid-trade Thursday, sliding to a new 11-week low against the euro in quiet market. more

12 sep 2013

Canadian businessman Michael Topolinski has acquired bankrupt pump maker Aversa in Bucharest and was assisted in the transaction by law firm Biris Goran. more

12 sep 2013

The government spends EUR1 million to EUR2.8 million a year to treat people bitten by stray dogs in Bucharest. more

12 sep 2013

German retailer Lidl resumes expansion with two stores outside Bucharest and wants to open seven more by yearend to bring its local network to a total of 169 units. more

12 sep 2013

Galli Gallo, the largest turkey farmer and turkey meat processor in Romania, went insolvent at its own request amid difficulties on the poultry market and weighed down by debts. more

11 sep 2013

Romanian telecom operator Romtelecom’s costs with managers fell 14.7% on the year to 23.6 million lei (EUR5.28 million) in 2012, as the company reduced the number of executive positions, according more

11 sep 2013

General managers in Romania, at companies employing 200 to 300 people, receive average gross pay of EUR116,300 per year, bonuses included, one of the lowest levels in Europe, according to a survey more

11 sep 2013

Small investors subscribed 5 times more shares than they are offered at an initial public offering for 10% in state-run nuclear power producer Nuclearelectrica, and the sum allotted by players on this more

11 sep 2013

Turkish real estate developer Anchor Grup has appointed Razvan Gaita to the position of general manager of its operations in Romania, replacing Ali Ergun Ergen, whose second mandate as Anchor CEO more

11 sep 2013

The Bucharest stock market closed up 0.37% Wednesday while investors and brokers still focused on the initial public offering for 10% in nuclear power producer Nuclearelectrica, which takes place more

11 sep 2013

The European Bank for Reconstruction and Development (EBRD) is providing a loan worth EUR5 million to co-finance a Romanian EU-funded regional investment program of EUR83.2 million in Bihor county, more

11 sep 2013

Home prices in Cyprus, Greece and Romania registered the sharpest declines in Europe in the first half of 2013 compared with the similar interval a year ago, according to a survey conducted by more

11 sep 2013

Romania’s Government Wednesday approved the conversion into shares of the state budget debts registered by postal operator Posta Romana, ahead of the company’s privatization. more

11 sep 2013

British group Kingfisher paid GBP35 million (EUR41.5 million) cash for Bricostore's 15 home improvement stores in Romania. more

11 sep 2013

Tablet sales in Romania reached about 200,000 units in the first half of 2013, almost similar to the level registered last year. more