13 nov 2020

Romanian state-owned power grid operator Transelectrica (TEL.RO) on Friday reported a net profit of RON152 million for the first nine months of 2020, double compared with the same period last year. more

13 nov 2020

Romania's current account balance posted a deficit of EUR7.737 billion in January-September, compared with a deficit of EUR7.942 billion in the same period in 2019, central bank data showed Friday. more

13 nov 2020

Romania's central bank lowered its inflation forecast to 2.1% for the end of 2020 from a previous projection of 2.7%, while keeping the 2021 projection at 2.5%, according to the November Inflation more

13 nov 2020

Analysts expect Romania's economy recovering slower and more gradually after Friday's flash GDP data which showed a 6% annual contraction in the third quarter, worse than the -4.4% market expectation. more

12 nov 2020

Romanian state-run oil transporter Conpet Ploiesti (COTE.RO) on Thursday reported a net profit of RON48.95 million for the first nine months of 2002, down 2.3% on the year. more

12 nov 2020

Romania's central bank expects inflation to drop further in the short term before rising again and remaining close to 2.5%, it said in a detailed statement following Thursday's monetary policy board more

12 nov 2020

Industrial abrasives manufacturer Carbochim Cluj Napoca (CBC.RO) announced Thursday in a market report its majority shareholder Carbo Europe raised its stake in the company from 68.37% to 75.79%. more

12 nov 2020

Romania's finance ministry on Thursday raised a planned 500 million lei (EUR102.7 million) selling a new issue of bonds maturing in June 2026 at an average yield of 3.01% and a cut-off yield of 3.05%, more

12 nov 2020

Czech online home deco retailer Bonami expects sales of EUR3 million in Romania during the holiday season, of which around EUR0.5 million is expected from Black Friday sales. more

12 nov 2020

Romanian's competition authority has authorized a deal allowing Rompetrol Downstream to take over operation rights on nine filling stations belonging to Comision Trade group. more

12 nov 2020

Romania's central bank on Thursday decided to keep its benchmark interest rate unchanged at 1.5% a year, but lowered minimum reserve requirements on foreign currency liabilities to 5% from 6%. more

12 nov 2020

Telekom Romania Group reported consolidated revenue of EUR244.1 million in the third quarter of 2020, stable compared with the same period in 2019, and its mobile services client base grew 9.8%. more

11 nov 2020

Individual investors bought nearly RON300 million worth of Fidelis government bonds for the general population in the three days since the offer was launched. more

11 nov 2020

Amber, a 100% Romanian-owned game developing company, continues to expand internationally and has opened a new office in Montreal, Canada, focusing on engineering, localization and quality assurance. more

11 nov 2020

Construction materials manufacturer Prefab Bucuresti (PREH.RO) on Wednesday reported a net profit of RON13.7 million for the first nine months of 2020, 11 times higher than the RON1.2 million reported more

11 nov 2020

Polish financial group Getin Holding has signed an agreement with the international investment bank Rothschild for financial advice on the potential sale of the subsidiary Idea Bank Romania, the more

10 nov 2020

The European Bank for Reconstruction and Development(EBRD) expects Romania's economy will contract by 5% in 2020 and recovery will be slow, with just 3% growth in 2021. more

10 nov 2020

Individual investors bought RON145 million worth of government bonds for the general population in the two days since the issue was launched. more

10 nov 2020

The COVID-19 pandemic will disrupt consumer holiday shopping plans worldwide, according to the fifth edition of the EY Future Consumer Index released Tuesday. more

9 nov 2020

Europeans have an average per capita purchasing power of EUR13,894 in 2020, down 5% on the year, but disposable income among the 42 studied countries varies significantly, according to the GfK more

9 nov 2020

Romania's finance ministry on Monday raised 923.9 million lei (EUR189.8 million), versus RON600 million planned, selling bonds maturing in January 2028 at an average yield of 3.04%, central bank data more

9 nov 2020

Romania's finance ministry on Monday raised a planned 400 million lei (EUR82 million) selling treasury bills maturing in May 2021 at an average yield of 2.32%, central bank data showed. more

9 nov 2020

The use of offices is about 40-50% of the usual level before the outbreak of the pandemic, while the the vacancy (contractual) rate of office spaces is 10.8%, with a significant difference between more

9 nov 2020

Dental clinic chain Dr. Leahu, the second largest player on the local dental services market, announced Monday it was opening its first clinic abroad, in London, a GBP400,000 investment. more

6 nov 2020

Impact Developer & Contractor (IMP.RO) said Friday it started phase four of its Greenfield project in northern Bucharest with 7,258 sqm of retail spaces and 1,184 sqm of offices. more