25 ian 2013

Romania’s consolidated budget posted last year a deficit of 14.8 billion lei (EUR3.8 billion), representing 2.5% of the gross domestic product, the Finance Ministry said Friday. more

25 ian 2013

Romanian state-owned natural gas transporter Transgaz (TGN.RO) will organize an auction in the first half of February to buy a civil liability insurance policy targeting the company’s management more

25 ian 2013

US group Liberty Global increased the capital of its subsidiaries UPC Romania and Focus Sat with 581.2 million lei (EUR133 million) through debts reconversion, operation aimed to improve the two more

25 ian 2013

The Romanian central bank (BNR) informed the International Monetary Fund it will likely miss the inflation target for 2013 as well, after failing in six of the previous eight attempts, official more

25 ian 2013

Romanian authorities asked the International Monetary Fund for an extension of the country’s EUR3.6 billion loan arrangement that will expire in April, to get more time to fulfill its commitments. more

25 ian 2013

Romanian energy producer Vest Energo Bucharest (VESE.RO) wants to borrow EUR16.5 million from state-owned lender CEC Bank or other credit institutions for investments and to refinance an old loan, more

25 ian 2013

The Romanian leu rose against the euro in the first half of Friday session, and the central bank’s reference rate gained almost 0.3% to 4.3606 units. more

25 ian 2013

Romanian building materials manufacturer Duraziv said Friday its turnover increased slightly last year from 76 million lei (EUR17.3 million) in 2011. more

25 ian 2013

Gheorghe Racaru has been reappointed general manager at Romanian low cost airline Blue Air, replacing Sherif Ussama, a company representative told Mediafax. more

25 ian 2013

Retailer Mega Image, which operates the supermarkets by the same name and the Shop & Go convenience stores in Romania, is in talks to buy the 20-store retail chain Luca in Brasov (center of the more

25 ian 2013

Florea Diaconu, the owner of Bucharest-based builder Delta ACM 93, is looking at Azerbaijan, Algeria and Libya for opportunities, after having got a highway construction contract in Iraq, as well as a more

25 ian 2013

Enel, E.ON, CEZ and Electrica will pay a lower amount according to the final version of the tax on monopoly they have on Romanian energy distribution networks than ZF calculated based on the initial more

24 ian 2013

The revised fiscal-budgetary strategy for 2013-2015 can be considered a new governing program of the Ponta 2 Government and one closer to reality. Future policies will most likely be built around more

24 ian 2013

Leontin Suciu, who has been Glencore Romania’s manager in the last 17 years, has recently resigned from his position, citing personal reasons. The company is currently looking for a replacement. more

24 ian 2013

The Managing Board of Romanian state-run chemical plant Oltchim Ramnicu Valcea (OLT.RO) on Thursday voted for the company to file for insolvency to undergo reorganization, supporting a proposition more

24 ian 2013

Romania’s Finance Ministry on Thursday sold 1.1 billion lei (EUR251 million) in 10-year treasury bonds, above the planned amount, with the average yield dropping to 5.71% a year, the lowest level on more

24 ian 2013

Israeli-owned real estate developer Globe Trade Center (GTC) and a prospective buyer of three shopping centers in Romania have decided to cancel the transaction. more

24 ian 2013

Romanian agri-food group Agricola Bacau Thursday said its consolidated sales rose 8% on the year to 592.5 million lei (roughly EUR133 million) in 2012, fueled by higher chicken sales. more

24 ian 2013

Romanian building materials producer AdePlast said Thursday it registered turnover of 185 million lei (EUR42.3 million) in 2012, up 30% on the year, while its net profit more than doubled to around more

24 ian 2013

Romania’s leu moved in a tight range against the euro by midday Thursday and the central bank’s reference advanced marginally to 4.3724 units, from 4.3727 units a day earlier. more

24 ian 2013

The share of Romanian Internet users aged over 15 rose to 48.7% in 2012, up 8.4 percentage points from 2010, according to a survey by market research company GfK. more

24 ian 2013

Romanian private lending fell 3.5% in real terms to 225.87 billion lei (EUR51.7 billion) in December 2012, compared with the same month a year before, central bank data showed Thursday. more

24 ian 2013

The Romanian leu extended losses from previous days on Thursday morning, following the mild depreciation against the euro of the other currencies in the region. more

24 ian 2013

The Bucharest stocks exchange was slightly down Thursday morning, but the investment funds grew higher, while traded values remained low. more

23 ian 2013

Romania’s Parliament will debate the draft laws on the state budget and social security budget for 2013 on February 5, Chamber of Deputies Speaker Valeriu Zgonea said Wednesday. more