7 aug 2013

Analysts expect the shares of investment fund Fondul Proprietatea (FP.RO), which hit a historic high on Tuesday, to continue to rise, supported by the buy-back program, by Hidroelectrica’s improved more

6 aug 2013

Romanian firm Muntenia Invest will downsize its staff by 36% to 45 employees before being taken over by regional investment fund SIF Crisana-Banat (SIF1.RO). more

6 aug 2013

The four Ibis hotels in Romania registered an occupancy rate of 55% in the first half of 2013, up 12% on the year, and 2% higher turnover. more

6 aug 2013

Romanian state-run postal company Posta Romana said Tuesday it wants to expand its portfolio and offer banking and financial services, and the project will be presented to banks between August 6 and more

6 aug 2013

U.S. giant Halliburton, one of the world’s largest oilfield services providers with turnover of $28.5 billion, employs 67 people in Romania and plans to increase staff to 100 people in the medium more

6 aug 2013

Garanti Bank Romania, a subsidiary of Turkey’s second largest bank Garanti Bankasi, appointed Cagri Memisoglu to the position of deputy general manager. more

6 aug 2013

Intesa Sanpaolo Bank Romania, the local unit of Italy’s Intesa Sanpaolo, signed an agreement with the Romanian Agency for Payments in Agriculture, or APIA, to provide financing to farmers that more

6 aug 2013

Romania’s leading oil and gas company OMV Petrom (SNP.RO) said Tuesday it set into operation in July a new natural gas desulfurization installation at its Petrobrazi refinery following an investment more

6 aug 2013

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6 aug 2013

For the second year in a row, members of the board of directors of the Romanian central bank BNR reveal the names of banks where they hold current accounts and deposits through their personal more

6 aug 2013

The major listings scheduled for this year, Nuclearelectrica and Romgaz, have been postponed until the autumn of next year. On the other hand, the healthcare reform package will be ready by September, more

5 aug 2013

Romanian mobile subscribers spend an average of 200 lei (EUR45) on smartphones and prefer devices using Android operating systems, according to EuroGsm data, one of the largest retailers in the local more

5 aug 2013

Romania’s leu inched up against the euro in morning session Monday and traded at about 4.42 units in quiet market. more

5 aug 2013

The Bucharest stock exchange opened slightly up Monday, similar to the main European markets, and investors focused mainly on Erste Bank (EBS.RO) and Fondul Proprietatea (FP.RO). more

5 aug 2013

French group Groupama’s underwritten premiums in Romania fell 3% on the year to EUR83 million in the first six months on 2013. more

5 aug 2013

Romanian insurance company Allianz-Tiriac Asigurari, the third largest insurer locally, underwrote premiums worth EUR93 million on the general insurance segment in the first half of 2013, steady on more

5 aug 2013

Romanian insurer AXA Asigurari, the local subsidiary of French giant AXA, underwrote gross premiums worth 16.7 million lei (EUR3.7 million) in the first half of 2013, 10% higher on the year. more

5 aug 2013

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5 aug 2013

Romania was the European market where Dacia declined the most in the first half of 2013, with registrations of the Romanian-branded car down by 23% compared with the similar interval a year ago. more

5 aug 2013

ExxonMobil and Romania’s largest company Petrom, have awarded contracts of almost $850 million since the start of deep-sea works in the Romanian section of the Black Sea, according to data more

5 aug 2013

Regional investment fund SIF Moldova (SIF2.RO) plans to “gradually” sell some of its shares in Erste Bank (EBS), the fund’s most valuable holding, with 21.4% of SIF2’s assets. more

3 aug 2013

Romania builds less and less as the state drastically cuts funds for investments and private companies act cautiously and put off new projects. Some of the country’s largest construction firms more

2 aug 2013

Romanian oil transport company Conpet Ploiesti (COTE.RO) said Friday it registered net profit of 25.76 million lei (EUR5.8 million) in the first half of 2013, up 25.7% from RON20.49 million in the more

2 aug 2013

Hungarian pharmaceutical company Egis' sales in Romania rose 9% in the first nine months of fiscal year 2012-2013 to EUR13.9 million, thanks to the launch of new products. more

2 aug 2013

Romanian carmaker Dacia’s new car registrations in Germany fell 4.5% in July to 4,120 units, while the overall German car market rose 2.1% to 253,146 units, German car registration office KBA said more