26 feb 2013

The ten largest investors on the local real estate market made EUR350 million revenue from malls and office space last year, while some of the groups even saw an increase by 20% to 30% in revenue, more

26 feb 2013

The purchases of US hedge fund Elliott in Fondul Proprietatea (FP.RO) have intensified since the beginning of this year, with the US fund bringing several million lei into the Bucharest stock exchange more

25 feb 2013

The Bucharest stock market closed undecided Monday, with investors mainly targeting the shares of Fondul Proprietatea (FP.RO) and SIF Transilvania (SIF3.RO), which ensured almost three quarters of more

22 feb 2013

Retailer Mega Image, part of Belgian group Delhaize, will open two new stores Friday, in capital city Bucharest, bringing its Romanian network to 200 units, the retailer said. more

22 feb 2013

The Board of Directors of Romanian regional investment fund SIF Transilvania (SIF3.RO) proposes paying a gross dividend of 0.175 lei (EUR0.04) per share from the 2012's profit, slightly higher than more

22 feb 2013

The stockholders of regional investment fund SIF Transilvania (SIF3.RO) will discuss in April 20 meeting on enforcing the dualist management system made up of a Directorate and a Surveillance Council. more

22 feb 2013

The Bucharest stock market closed higher Friday, with investors being more active during the second part of the day and with transfers of Fondul Proprietatea (FP.RO), OMV Petrom (SNP.RO), BRD Societe more

22 feb 2013

Romania’s Economy Minister Varujan Vosganian on Friday said OMV Petrom (SNP.RO) will not dismantle its Arpechim refinery, as announced Thursday, and it will be at the Government's "disposal" as long more

22 feb 2013

A number of six funds managed by Franklin Templeton, administrator of investment fund Fondul Proprietatea (FP.RO), own a total stake of 5.3% in the share capital of investment fund SIF Transilvania more

22 feb 2013

Over 4,000 employees left the Romanian banking system in 2012, with 322 units shutting down and the overall network falling below 6,000 branches and agencies. more

22 feb 2013

Martin Slabbert, CEO of South African investment fund NEPI, is perhaps the only investor in Romanian real estate who can say about the last five years that they have been “great”. more

22 feb 2013

Cluj-based lingerie and swimwear producer Jolidon, controlled by businessman Gabriel Cirlig will go to India this year where it plans to open three stores. more

21 feb 2013

The general manager of Romanian state-owned airline Tarom, Christian Edouard Heinzmann, said Thursday the company aims to standardize its fleet, which should be reduced over the next two years. more

21 feb 2013

Romania’s insolvent power producer Hidroelectrica Thursday sold 70.3 million lei (EUR16 million) worth of electricity on the local market OPCOM, energy exchange data showed. more

21 feb 2013

The Bucharest stock market dropped 0.71% Thursday, in a very low turnover mainly influenced by foreign markets. more

21 feb 2013

Romanian Transport Minister Relu Fenechiu announced Thursday the new management of state-owned freight company CFR Marfa, made up of economists, engineers and legal advisors, which will have a direct more

21 feb 2013

The Bucharest stock market opened lower Thursday, amid average traded volumes mainly covered by shares of Fondul Proprietatea (FP.RO)and OMV Petrom (SNP.RO). more

21 feb 2013

The members of the National Union of Insurance and Reinsurance Companies in Romania (UNSAR) settled 4.4 billion lei (EUR1 billion) in general insurance claims last year, up 7% on 2011. more

21 feb 2013

The beer industry showed the first strong signs of rebound last year when it posted growth of almost 5%, according to ZF’s calculations based on National Statistics Institute data. more

21 feb 2013

Pirelli has started to manufacture high-technology motorsport tires at its Romanian Slatina plant for GT and GP2 championships race cars, as well as for Formula 1 racing cars. more

20 feb 2013

Romanian state-owned drugmaker Antibiotice Iasi SA (ATB.RO) Wednesday said its preliminary net profit rose 33% in 2012 to 27.4 million lei (EUR6.1 million). more

20 feb 2013

The Bucharest stock market gained around 1% Wednesday, closing at the highest level in the last four weeks, with the shares of Fondul Proprietatea (FP.RO), Banca Transilvania (TLV.RO) and OMV Petrom more

20 feb 2013

The employees of Romanian state-run electricity supplier Electrica SA could buy shares in the company's privatized branches at between EUR3.17 and EUR45.26 per unit, according to the branch, the total more

20 feb 2013

Retailer Profi, controlled by Polish private equity firm Enterprise Investors, opened Wednesday a new unit in the eastern city of Bacau, brining its Romanian network to 151 units. more

20 feb 2013

Retailer Rewe Romania, which operates two store formats in this country, Penny Market and XXL Mega Discount, will invest between EUR10 million to EUR15 million to open 14 stores this year. more