20 feb 2013

The turnover per employee exceeded EUR100,000 per person in foreign companies in 2011, almost double as high as for the entire economy. more

20 feb 2013

Dragos Neacsu, CEO of Erste Asset Management, the largest asset manager on the local market, warns over the shortage of corporate bond offers on the Romanian market, saying he finds it difficult to more

19 feb 2013

The European Commission transferred Tuesday EUR141.5 million to Romania’s Operational Program for Human Resource Development (POSDRU), as part of the first tranche of payments after de-blocking the more

19 feb 2013

Romanian citizens buying an electric car as of March 15 will receive an eco-ticket worth 12,000 lei (EUR2.739) upon acquisition, the Government decided Tuesday in an emergency ordinance approving the more

19 feb 2013

The Bucharest stock market closed undecided Tuesday, with the shares of Rompetrol Rafinare (RRC.RO) falling strongly for the second day in a row, while the liquidity touched the lowest level in the more

19 feb 2013

The Romanian Government approved Tuesday a new car tax system to be levied upon vehicles registration as of March 15, replacing the current tax, sources close to the issue said. more

19 feb 2013

Romanian freight railroad transporter Grup Feroviar Roman (GFR) said Tuesday it qualified and entered the shortlist for the privatization of Bulgarian freight railway carrier BDZ Cargo Grup Feroviar more

19 feb 2013

Romania’s urbanization increased by merely 0.6% in 1990-2011, from 54.3% on July 1, 1990 to 54.9% on July 1, 2011. more

19 feb 2013

Aurel Koeber, Piatra-Neamt-based businessman who controls Koeber, one of the largest players on the Romanian varnish and paint market, says one of the biggest challenges in his sector is more

19 feb 2013

Mariana Diaconescu, president of insurer Asirom’s directorate, expects tighter competition on the insurance market in the coming years, with several new companies expected to appear on the market more

18 feb 2013

The European Bank for Reconstruction and Development EBRD is considering granting a EUR13.6 million loan to Oltenia Water Company, for the upgrade and expansion of the water infrastructure in Dolj more

18 feb 2013

Politician and TV station owner Dan Diaconescu said Monday he will take part in the auction to buy state-owned freight railway carrier CFR Marfa, mentioning he will not disclose whether “on his more

18 feb 2013

Romanian insurance broker Safety Broker brokered premiums of EUR36.3 million in 2012, up nearly 60% from a year before, the company said Monday. more

18 feb 2013

The Bucharest stock market closed undecided Monday, with the shares of SIF Banat-Crisana (SIF1.RO) rising 1.8% amid the highest liquidity in the past two months following Friday’s announcement that more

18 feb 2013

South-African investment fund New Europe Property Investment (NEP.RO) Monday said it will pay EUR61.7 million, including the outstanding bank debt, to acquire The Lakeview offices from US group AIG more

18 feb 2013

The head of Romanian power producer Hidroelectrica’s development and rebranding unit, Mihail Viorelian Stanculescu, was named interim general manager by the company’s legal administrator Euro more

18 feb 2013

Over ten companies sent non-binding letters of interest for the privatization of Romanian postal company Posta Romana, a process that is expected to be completed in June, Communications Minister Dan more

18 feb 2013

The Bucharest stock market opened undecided Monday, in a quiet market and amid low traded volumes, with the shares of SIF Banat-Crisana (SIF1.RO) and SIF Muntenia (SIF4.RO) rising over 1% following more

18 feb 2013

The Romanian leu opened weaker against the euro on Monday, reaching 4.39 units, in a quiet market with very low traded volumes. more

15 feb 2013

Romanian regional SIF Oltenia (SIF5.RO) ranked 1st by profit among the five regional investment funds SIFs in January, with a 14.9 million lei (EUR3.4 million) profit, while its assets accounted for more

15 feb 2013

Romania’s regional investment fund SIF Muntenia (SIF4.RO) reported 47.5% higher revenues in 2012, to 290.34 million lei (RON65.1 million), from RON196.9 million a year before. more

15 feb 2013

Romanian brokerage house SSIF Broker (BRK.RO) switched to a net profit of 812,000 lei (EUR185,388) in 2012, from losses of RON15.6 million a year before. more

15 feb 2013

Romanian hotel company Turism Felix (TUFE.RO) Friday said it posted a net profit of 3.22 million lei (EUR0.72 million) in 2012, half the result posted in 2011, at RON6.69 million. more

15 feb 2013

Romanian oil and gas pipe maker Condmag Brasov (COMI.RO) on Friday reported a 19% decrease in 2012 to 92.9 million lei (EUR21.21 million), from RON114.9 million a year before. more

15 feb 2013

Drug producer Zentiva Romania (SCD.RO) Friday announced its profit dropped by 10.3% in 2012, to 30.3 million lei (EUR6.8 million), from RON33.85 million a year before. more