29 aug 2012

“What good is the Romanian stock exchange?” is the natural question that anyone asks after Tuesday’s trading session, when over the course of seven hours, stocks worth just EUR1 million were more

28 aug 2012

The Romanian Government has decided that the money to be collected this year from the biggest sale of mobile communications licenses in Romanian history - around EUR200 million – will be fully more

28 aug 2012

The shares that saw the highest dividend payment rate in the last few years are among the few to have increased in the past four years and stood out from the rest, which posted negative yields with more

28 aug 2012

The ranking of the largest retail companies is dominated, as expected, by Carrefour, Real and Penny Market – foreign companies whose annual turnovers range between a little over EUR400 million and more

27 aug 2012

Montegrappa, Italy's oldest manufacturer of fine writing instruments, will open in September its first store in Romania and southeastern Europe, within the Grand Avenue gallery on the ground floor of more

24 aug 2012

Romania's mandatory private pension funds (Pillar II) reported net profit of 335.81 million lei (EUR75 million) in the first half of 2012, up almost 2.5 times on the RON138.94 million posted in the more

24 aug 2012

Romania's national census recorded almost 7.1 million homes and found that 99.1% of the stable population lives in private residences, and 0.9% lives in student dorms, nursing homes, child protection more

24 aug 2012

The government increased personnel spending by 1.1 billion lei (EUR0.25 billion) in the budget revision but cut investment expenses financed by the budget and European funds by RON2 billion. more

24 aug 2012

The five telecom operators taking part in the largest radio spectrum auction organized in Romania submitted bids to buy more licenses than have been made available by the state. This means the more

24 aug 2012

Exports of wheat, corn and barley made through the port of Constanta, the leading hub through which Romania sends grains abroad, reached 3.6 million tons after the first seven months of the year, more

24 aug 2012

Filip Schwartz, majority shareholder and chief executive of the Otter Distribution group, says that even though the economy has changed in the last four years, this should be regarded as a time of more

23 aug 2012

Romania's Government has changed the privatization strategy for chemical producer Oltchim to a combined sale of the state's stake of 54.6% and the receivables held by privatization authority AVAS and more

23 aug 2012

Romania's Government has postponed the application of rules on the electronic registration of commercial operations, as per a law adopted in July, until January 1, 2013. more

23 aug 2012

Revenues to Romania's state budget have been reduced by 0.4% of the GDP and expenses by 0.2%, while the social security budgets have received an extra 370 million lei (EUR82 million) in the budget more

23 aug 2012

Romania's Government estimates that making VAT due on invoice payment starting January 1, 2013 will increase the GDP by about 0.5%, as well as improve employment and the public's income. more

23 aug 2012

Romania's Government has approved a new formula for the clawback tax, which will be reduced by 10% and charged starting on October 1, as well as a mechanism to adjust the healthcare system's arrears more

23 aug 2012

Romanian chemical plant Oltchim Ramnicu-Valcea (OLT.RO) will put 506 employees on furlough between August 27 and September 30, because of the lack of working capital needed to restart petrochemical more

23 aug 2012

Romanian state-owned railway administrator CFR SA reported profit of RON120.7 million (EUR26.9 million) in the first half of 2012, compared with losses of RON229 million in the first six months of more

23 aug 2012

Romania's Government will limit spending on co-financing for EU-funded projects, following the interruption of reimbursements, and will not use money from the privatization fund or from Infrastructure more

23 aug 2012

Bucharest-based luxurious real estate compound Verdi Park, under bankruptcy, will be auctioned off by its liquidator September 10, at a starting price of EUR4 million. more

23 aug 2012

UTI Systems will develop a web application to compare communications offers for end-users, for market regulator ANCOM, through a contract worth 1.32 million lei (EUR294,000), VAT included. more

23 aug 2012

For several dozen people working in regulatory, technical, financial and legal departments of Cosmote, Orange, RCS&RDS and Vodafone, the largest telecom operators bidding in the biggest spectrum more

23 aug 2012

Beer sales rose by almost 4% to nearly 8.2 million hectoliters in the first half of this year, according to a ZF analysis based on National Statistics Institute data. This is the first half-year more

22 aug 2012

Drought has affected more than 3.7 million hectares of Romania's farmland (around 40% of the arable land), and 30.5% of fall 2011 wheat crop has suffered from the lack of water, says a document more

22 aug 2012

Hydropower producer Hidroelectrica, which filed for insolvency on June 20, is not the only Romanian state-owned enterprise plagued by bad management, as many of the companies controlled by the more