30 oct 2012

The Romanian Government aims to attract several Chinese companies to invest in electricity production units of over $3 billion, according to the secretary of state with the Economy Ministry Rodin more

30 oct 2012

Outsourcing companies in Romania have hired over 11,000 people since 2008, with the total number of employees in the sector exceeding 30,000, but the legislation has not encouraged companies to more

30 oct 2012

The Romanian cosmetics market will grow by 2.2% in 2012, the highest in the region, but much lower than the initial forecasts of over 10%. more

30 oct 2012

Former football player Gica Popescu says work on four-star hotel Courtyard by Marriott, initially scheduled to start in the second quarter of this year, has been postponed until spring of next year more

30 oct 2012

Renewable energy attracted investments of around EUR1 billion in the first nine months of this year in Romania, with more than EUR900 million drawn by wind energy alone. more

30 oct 2012

Italian group Policlinico di Monza, which owns 10 private hospitals in Italy, has finalized a EUR40 million investment in a 140-bed hospital in Bucharest, with the unit already being operational. more

30 oct 2012

Pharmaceutical company Actavis launched 20 new products in the first nine months of the year, with turnover amounting to EUR50 million, according to the company’s general manager Dan Ivan. more

29 oct 2012

The Romanian Senate approved Monday its own budget draft for 2013, which envisages expenditures of over 107,000 thousands lei, as well as the acquisition of over 150 vehicles for the members of more

29 oct 2012

Heinrich Vystoupil, recently selected to fill the position of chief executive officer of Romanian state-owned airline Tarom, did not accept the terms included in his contract and refused the position, more

29 oct 2012

Romania’s Central Bank and the Finance Ministry will touch a foreign debt payment peak over the next two years as they will have to pay EUR13 billion, the president of the Fiscal Council Ionut more

29 oct 2012

Romanian hydro-technical construction company Socot Targu-Mures (SCTO.RO) Monday said it posted a 45% lower turnover in January to September, to 56 million lei (EUR12.6 million), compared with more

29 oct 2012

The Bucharest stock exchange closed down Monday, with the bourse’s liquidity at low values, mainly coming from Fondul Proprietatea (FP.RO), OMV Petrom (SNP.RO) and Banca Transilvania (TLV.RO). more

29 oct 2012

Realty developer Willbrook International on Monday announced it aims to put up for sale the villas from Oxford Gardens compound at prices by up to 35% lower. more

24 oct 2012

The top five restaurants in Bucharest’s Old Town generate sales of EUR10 million to EUR12 million a year, that is 5% to 7% of the business generated by this place in the center of the city, more

24 oct 2012

Almost a quarter of the 1,000 leading executives who run the largest companies and banks on the Romanian market are foreigners, but some of those who started their mandates in the past year came to more

24 oct 2012

The number of employees in the construction business went up by 27,000 people or more than 8%, from August 2011 through August 2012, because of the significant rebound of infrastructure projects in more

24 oct 2012

The Seitans, one of the leading players on the Romanian luxury market, will open Casadei and Kiton boutiques in Romania in the coming years, which will add to the family’s portfolio of monobrand more

23 oct 2012

The European Parliament on Tuesday rejected Romanian European Affairs Minister Leonard Orban, the country’s nominee to the European Court of Auditors. more

23 oct 2012

Economy Minister Daniel Chitoiu said Tuesday the ministry he runs has a number of 57 companies taken advantage of under its subordination, and the insolvency case of Romania’s energy producer more

23 oct 2012

The European Commission will notify the Romanian Government on Thursday about starting the pre-suspension of the operational programs for Transports and Economic Competitiveness, European sources more

23 oct 2012

The Bucharest Stock Exchange closed down Tuesday, for the third consecutive day, in low traded values and an apathetic market. more

23 oct 2012

The drought has caused losses of around 20% on most agricultural sectors, with some crops even facing a 60% lower production, while others were not affected, Agriculture Minister Daniel Constantin more

23 oct 2012

Half of the food products sold in Romanian hypermarkets come from domestic output and this share should further increase, Agriculture Minister Daniel Constantin told Mediafax Talks about Brewing and more

23 oct 2012

Romania’s leu traded at around 4.575 to the euro in early session Tuesday, close to previous day's closing levels, amid very low transferred volumes. more

23 oct 2012

The Bucharest stock exchange opened down Tuesday in a quiet market with very low volumes transferred. more