26 iun 2012

Fifteen Romanian firms will receive 141.1 million lei (EUR31.6 million) in non-refundable financing from the European Union and the state budget, for investments in production units with a total value more

26 iun 2012

Euro Insol, the legal administrator of Romanian hydropower producer Hidroelectrica, on Tuesday will terminate the electricity sale contract signed with Galati-based firm Euro-P.E.C, which has debts of more

26 iun 2012

Brise Group SRL, a company based in Constanta (SE Romania) and held by Catalin Bucur, emerged as the largest grain trader owned by a Romanian entrepreneur last year. It posted EUR125 million in more

26 iun 2012

The management of TenarisSilcotub, the second largest company in Romania’s steel industry after ArcelorMittal Galati, says it is working at capacity because of the high demand in the energy sector more

26 iun 2012

Agricultural machinery manufacturer Biso, an Austrian company that discreetly entered the Romanian market in 2004, is changing its development strategy in Eastern Europe as a result of the fast-paced more

26 iun 2012

The human resource services market is estimated at EUR150 million in 2011, when it rose by 21%, as companies resumed growth after 2008 and 2009 when three of the top players posted decline of up to more

25 iun 2012

Romanian Conservative Party founder and president Dan Voiculescu announced Monday he was resigning from the Senate, over the defeat of a bill providing harsher punishment for tax evasion. more

25 iun 2012

Former Orange Romania CEO Richard Moat has been appointed to the board of International Personal Finance, the parent company of Provident Financial Romania, as a non-executive director. more

25 iun 2012

Romania needs to consider local problems and its economy's low competitiveness when it applies for funds in the 2014-2020 EU financial period, said Arabela Aprahamian, World Bank country manager. more

25 iun 2012

Ford will build a 1.5-liter engine in its factory in Craiova, Romania, with production to start next year, the company announced Monday. more

22 iun 2012

The International Monetary Fund's Board on Friday approved the fifth review of the precautionary deal with Romania, and will make available a new EUR475 million tranche of the total EUR3.5 billion. more

22 iun 2012

The prices of consumer goods and services in Romania are 60% of the European Union average, but Romanians pay more for electronics and about the same as the EU average for clothing and personal more

22 iun 2012

Radu Zaciu, the head of Deutsche Bank's office in Romania, will leave the position on July 1. more

22 iun 2012

Romania's Government will limit the average number of employees in the defense sector to 1,571 this year, 11.4% less than the size of the staff in 2011, under a draft decision by the Economy Ministry. more

22 iun 2012

Romanian energy producer Nuclearelectrica Friday morning shut down Unit 1 at its Cernavoda nuclear plant, after a sensor detected a problem, sources on the energy market told MEDIAFAX. more

22 iun 2012

Tensions and volatility on the banking market will persist for a while longer considering the exit from the crisis will not occur yet and lenders will have to change strategies, cut costs and rely on more

22 iun 2012

Environmental protection and construction equipment manufacturer Comelf, controlled by the Uzinsider Bucuresti group, in 2009 started making small parts for wind power farms, an industry that was just more

22 iun 2012

Barley, which makes an EUR250 million market, traditionally less important than the wheat and corn market, is gives the first indication of the prices of agricultural raw material this year. more

21 iun 2012

Romanian state-run drugmaker Antibiotice Iasi (ATB.RO) took two credit lines of EUR9.5 million and 8 million lei (EUR1.8 million) to finance its working capital, the company said in a statement sent more

21 iun 2012

French apparel retailer Kiabi will leave the Romanian market, which it entered in 2009, and is currently looking for partners to take over its six local stores, said executive Yann Le Blay. more

21 iun 2012

Oil pipe maker Tenaris has completed a $60 million investment in a production unit in Zalau, Salaj county, and will finish another project in Romania, worth $50 million. more

21 iun 2012

Euroins Romania on Thursday reported underwritten premiums of 114.14 million lei (EUR25.57 million) in the first three months of the year, up 108% compared with the first quarter of 2011. more

20 iun 2012

Romanian former prime minister Adrian Nastase has been sentenced to two years in prison by the High Court of Justice on charges of corruption in raising funds for his 2004 presidential election more

20 iun 2012

Romania ranks 26 in the European Union by state stability, before Cyprus and after Bulgaria, as a result of strong political, economic and social pressure, according to the Failed States Index more

20 iun 2012

Porsche Romania will pay its shareholders dividends of 243.6 million lei (EUR54.58 million) from retained profit. more