13 feb 2013

Romanian insurer ING Asigurari de Viata underwrote premiums of 544.5 million lei (EUR124 million) in 2012, down 1.8% on the year, while its gross profit is estimated at RON29 million, from RON17.8 more

13 feb 2013

The sales of retail network LEM'S, operated by Romanian furniture maker Lemet Campina, grew by 20% in 2012, to almost 210 million lei (EUR47.72 million). more

13 feb 2013

Romania’s Constitutional Court on Wednesday unanimously ruled the 2013 state budget law as constitutional. more

13 feb 2013

The reduction of mobile termination rates in 2012 by almost 40% against the preceding year weighed heavily on the financial results of telecom operators, Vodafone Romania chief executive told ZF in an more

13 feb 2013

The Bucharest stock market was down in early session Wednesday, amid low traded values, and with lender BRD Groupe Societe Generale (BRD.RO) being the top traded issuer as early Tuesday. more

13 feb 2013

Romania’s leu traded stable against the euro in early session, slightly above 4.4 units, in a quiet market and amid low traded volumes. more

13 feb 2013

Sixteen million Romanians are keeping EUR28 billion in banks and 0.1% of them deposited EUR3.7 billion, or EUR220,000 each. more

13 feb 2013

Romania’s second-largest bank BRD-Groupe Societe Generale (BRD.RO) posted a preliminary net loss of 332 million lei (EUR74.5 million) in 2012, after a 61.6% surge in risk costs due to adverse more

13 feb 2013

Drug producer Laropharm, a small player in the local pharmaceutical industry, saw its revenue rise by an annual 30% on the average in 2009-2011, while 2012 growth reached 7%, according to one of its more

12 feb 2013

The Bucharest stock market closed down Tuesday, after an apathetic session marked by low traded values, while the shares of Rompetrol Rafinare (RRC.RO) continued the increasing trend from previous more

12 feb 2013

Romania’s leu retreated modestly against the euro amid scarce liquidity Tuesday and closed at 4.4015/4.404 units, from 4.4 units a day earlier. more

12 feb 2013

More than a half of the Romanian top executives see salaries growing between 5% to 10% in 2013, mirroring inflation rate, while a quarter want to employ new people and only 4% believe the sector in more

12 feb 2013

Austrian real estate investment firm Immofinanz has signed over the past five months rental contracts for 42,500 square meters of office and logistic space in buildings located in three large Romanian more

12 feb 2013

Romania’s operating leasing market increased by 11% in 2012, to 41,500 managed vehicles, at a lower pace than estimated at mid-year due to a slowdown in the second half, according to data from the more

12 feb 2013

South-African investment fund New Europe Property Investment (NEP.RO) and businessman Ovidiu Sandor will soon start the construction of an office tower in Cluj-Napoca, northwestern Romania, the two more

12 feb 2013

Romania’s leu weakened beyond 4.4 against the euro by midday Tuesday and the central bank set the day’s reference rate at 4.4026 units, from 4.3998 units in the previous session. more

12 feb 2013

Romanian foreign direct investment, or FDI, fell 11.1% on the year to EUR1.61 billion in 2012, the central bank said Tuesday. more

12 feb 2013

Romania's current account deficit narrowed 15.1% to EUR5.04 billion in 2012, from a gap of EUR5.94 billion a year earlier, largely due to reduced income and trade deficits, central bank data showed more

12 feb 2013

Romania’s Economy Ministry plans to select new members of the Managing Board for three energy and natural gas companies in its portfolio, including state-run nuclear power plant operator more

11 feb 2013

In the past three years banks in Romania have piled up losses of 3.4 billion lei (EUR773 million) as one fifth of loans were not performing. more

11 feb 2013

Romanian electrode and welding equipment maker Ductil Buzau (DUCL.RO) may pay dividends of 48 million lei (EUR10.93 million) from previous years’ profit, according to a proposal of its stockholder more

11 feb 2013

IKB Leasing Finance IFN will increase its share capital by 13.59 million lei (EUR3 million) to RON26.8 million, according to a decision approved by shareholders in December 2012. more

11 feb 2013

The Bucharest stock market closed undecided Monday, and three special deals with the shares of investment fund Fondul Proprietatea (FP.RO) ensured half of the bourse’s liquidity. more

11 feb 2013

Romania’s leu weakened slightly against the euro Monday and closed near 4.4 to the euro, in a quiet market and amid low volumes. more

11 feb 2013

The combined net assets of Romanian open-end investment funds rose 3.2% to 9.09 billion lei (EUR2.07 billion) in January, from RON8.8 billion a month earlier, the Romanian Association of Asset more