27 dec 2012

The Romanian leu traded above 4.42 against the euro in the first hour of Thursday session, in a quiet market with very low transferred volumes. more

26 dec 2012

Romania’s state owned postal company Posta Romana is seeking loans of 100 million lei to fund its working capital, for a total cost of RON8.8 million. more

26 dec 2012

Although one quarter of the almost 1,000 modern food retail units are located in Romania’s capital city Bucharest, in the winter holiday period long lines form in most supermarkets. On average, more

26 dec 2012

If an investor had bought wheat worth EUR100,000 at the beginning of 2012, they would have been able to sell it for around EUR148,000 in the past few weeks of the year, yielding almost 48%, according more

26 dec 2012

The Finance Ministry has a foreign currency liquidity reserve of EUR4.4 billion, only EUR200 million more than on May 8, when Florin Georgescu, the suspended first deputy governor of central bank, more

26 dec 2012

Romanian state-run drug producer Antibiotice Iasi (ATB.RO) is aiming for EUR124 million sales by 2016, an increase of 77% from the almost EUR70 million expected this year. more

25 dec 2012

For the healthcare sector, 2012 is the year with two law drafts subjected to public debate without any of them being implemented. It was also the year with five different health ministers. At the same more

25 dec 2012

Over 50 transactions were sealed in 2012 worth over EUR1.3 billion, according to a ZF analysis based on data announced by companies and on ZF estimates. more

24 dec 2012

The Romanian leu extended gains in mid-trade Monday and the official exchange rate strengthened to a seven-month high of 4.4231 units. more

24 dec 2012

Romania’s Finance Ministry plans to sell state paper worth 4.6 billion lei (EUR1 billion) in January, down from RON8.1 billion sold in December. more

24 dec 2012

Mic.ro, Hidroelectrica, Tnuva, a few real estate developers and 15,000 other businesses were unable to pay their debts this year and were forced to file for insolvency and part of them went bankrupt. more

24 dec 2012

Romania’s central bank (BNR) capped its repurchasing operation for the 12th consecutive time Monday, keeping the repo ceiling unchanged at 4 billion lei (EUR0.9 million). more

24 dec 2012

The Romanian leu picked up Monday were it left last week, extending its gains versus the euro to a seven-month high at around 4.42 units. more

21 dec 2012

Romania's new Cabinet, led by social democrat Victor Ponta, on Friday evening received the Parliament's endorsement with 402 votes in favor and 120 votes against. more

21 dec 2012

The Bucharest stock exchange ended higher Friday, for the ninth consecutive trade, but the five regional investment funds (SIFs) were all down. more

21 dec 2012

The Romanian leu rose against the euro Friday, on increased volumes, mainly due to euro sales made by non-residents, according to dealers. more

21 dec 2012

Romania’s tax authority ANAF will remain under the subordination of the Finance Ministry, while the Financial Guard, the Custom Authority and the Anti-Fraud Unit will be merged, according to more

21 dec 2012

The shareholders of Romanian real estate developer Impact Developer&Contractor (IMP.RO) on Friday rejected a proposition to reduce the company’s share capital to 19.78 million lei (EUR4.4 million). more

21 dec 2012

Romania’s consolidated budget posted a deficit of 10.8 billion lei (EUR2.4 billion) in the first eleven months, representing 1.77% of the gross domestic product estimated for 2012, the Finance more

21 dec 2012

Romania’s designated Finance Minister Daniel Chitoiu aims to increase the level of budget revenues to 38% or 40% of the gross domestic product in 2016, from 32% of GDP in the present, by cutting more

21 dec 2012

GDF Suez Energy Romania bought firm Alizeu Eolian aiming to develop a wind farm with a capacity of 50 megawatts in Galati county (in the eastern part of the country) next year, the company said more

21 dec 2012

The Romanian leu extended gains against the euro in mid-trade Friday, and the central bank's reference rate gained 0.7% to 4.4451 units, the strongest in almost six months. more

21 dec 2012

French drug maker Sanofi-Aventis has appointed Christophe Gourlet as new country manager for Romania starting January 1, 2013, replacing Jacques Nathan who was appointed general manager for Sanofi more

21 dec 2012

Horia Ciorcila, managing board chairman at Romanian lender Banca Transilvania (TLV.RO), will coordinate the bank’s business and its Executive Management Committee, replacing Peter Franklin, the bank more

21 dec 2012

Romania’s leading oil and gas group OMV Petrom (SNP.RO) has signed a 15-year agreement with Expert Petroleum for production enhancement services on 13 small mature oil and gas fields located in the more