5 iul 2012

The start of suspension proceedings against president Traian Basescu makes way for a long period of uncertainty because after suspension will come weeks of campaign ahead of the referendum where more

5 iul 2012

A&D Pharma, the largest company in the local drug industry, expects consolidated revenue of more than EUR800 million this year, slightly up from the EUR772 million in 2011. more

5 iul 2012

Catalin Pozdarie, the Romanian who has been running sporting goods retailer Hervis since its arrival on this market in 2007, expects sales to be 22% higher in 2012, in line with the first half growth more

5 iul 2012

While the Romanian state’s most valuable asset, Hidroelectrica, is insolvent, companies that buy energy at below market prices and sell it on make significant profits, ending up with turnovers of more

5 iul 2012

The wheat harvest will be lower but better this year because of the high temperatures of the last few weeks, says Adrian Porumboiu. The former football referee turned entrepreneur owns the Racova Pan more

5 iul 2012

Four in one million bank bills are forged in Romania, half as many as in Europe, where the likelihood of coming across a fake bill is 8-9 out of one million bills in circulation. more

4 iul 2012

Romania's Government is considering lowering the clawback tax charged to drug producers, with the hit in budget revenue to be borne by the Health Ministry. more

4 iul 2012

Moody's Investor Service has downgraded the long-term corporate family rating of Romanian power transmission company Transelectrica from Baa3 to Ba1, the first non-investment grade, and assigned a Ba1 more

4 iul 2012

Romania's Government has issued a decision on the organization and operation of the National Consumer Protection Authority (ANPC), which will have eight regional offices instead of 42 offices, one for more

4 iul 2012

The administrators of Romanian state-owned power producer Hidroelectrica, which is insolvent, will renegotiate the company's direct energy sale contract with EFT on Friday, and then with Alro Slatina more

4 iul 2012

Romania's public roads authority CNADNR has awarded a contract worth 149.7 million lei (EUR33 million), for the rehabilitation of a 33 km segment of national road DN66, between Bumbesti-Jiu and more

4 iul 2012

Maurizio Volcich will take over as head of UniCredit Tiriac Bank's retail division, replacing Emanuele Butta, who has been appointed head of retail and executive vice-president of UniCredit Bank more

4 iul 2012

Romanian telecom regulator ANCOM has fined Romtelecom 200,000 lei (EUR45,000) for failing to meet its obligations under a mobile communications license, because the company installed only 788 base more

4 iul 2012

Romanians did not rush to borrow money from banks in the first half of the year despite promotional offers. Those who will seek to a get a loan soon might pay high interests and find it more difficult more

4 iul 2012

Attracting funding is currently the main problem for private equity funds in the region because investors in the US and in Western Europe are no longer interested in South Eastern Europe. more

4 iul 2012

The European Football Championship brought twice the number of customers a regular night would have on the outdoor terrace of the five-star JW Marriott Hotel in Bucharest and therefore higher revenue. more

3 iul 2012

The European Bank for Reconstruction and Development (EBRD) is considering granting a loan of up to EUR13.85 million, alongside EUR76.9 million in EU cohesion funds, to Romanian company Apavil Ramnicu more

3 iul 2012

Gheorghe Iancu was dismissed Tuesday as Romanian Ombudsman by the Parliament, which also decided that Valer Dorneanu will take over the position in an acting capacity. more

3 iul 2012

Romania will stop sending the European Commission refund requests for four operational programs, from July 1 until a date that will be decided later, during which time the Commission will determine more

3 iul 2012

In vitro fertilization, plastic surgery after the age of 18, medical assistance at the workplace and certain recuperation and physiotherapy procedures will not be paid for from the national mandatory more

3 iul 2012

This year’s grain harvest is estimated at almost 18 million tons, just 7% lower than the record-high 2011 figures. Converted in money, as prices remained high, almost EUR5 billion should go into more

3 iul 2012

The average monthly net salary in Romania's central bank, or BNR, was around 5,000 lei (EUR1,180), higher than the average gain in commercial banks and three times higher than the net wage in the more

3 iul 2012

About 30 of the 63 mutual funds on the local market managed to beat bank deposit interests in the first half, which stood at 3.25% a year, even though many of the funds that posted lower yields invest more

3 iul 2012

Cosmote and RCS&RDS are the only large telecoms whose revenue increased last year, while Orange remained the highest profit maker in 2011, according to the data ZF got from the Trade Registry. more

2 iul 2012

Companies looking to take part in Romania's mobile license sale must file their documents by August 13, with the auction to begin on September 10. more