20 iun 2012

The failure of Romania's treasury bill auction earlier this week can partially be the result of the announcement of Hidroelectrica's insolvency, which kept some banks out or made them demand higher more

20 iun 2012

The Bucharest Court on Wednesday approved the start of insolvency proceedings for Romanian hydropower producer Hidroelectrica, lawyer Remus Borza said. more

20 iun 2012

Romania's tax authority ANAF will unfreeze the accounts of public television network TVR for six months, during which time the network will be reorganized, people close to the matter told MEDIAFAX. more

20 iun 2012

Demand is stabilizing on the Romanian telecom market, sending a positive signal to the major operators, Orange Romania CEO Jean-Francois Fallacher said Wednesday in the conference ZF Bankers Summit. more

20 iun 2012

The gross domestic product per capita in Romania was equal to 49% of the EU average in 2011, three percentage points higher than in 2010, while in other Eastern European states this indicator more

20 iun 2012

German DIY retail chain Hornbach has invested EUR148.3 million in Romania in its five years on this market, directing the funds toward the five stores, employee training and the construction of the more

20 iun 2012

Remus Vulpescu, the lawyer appointed by Prime Minister Victor Ponta to run Hidroelectrica, the largest state-owned company, says the decision to file for insolvency was made on Friday, after the more

20 iun 2012

The Romanian retail market stagnated at about EUR16 billion last year, after two years of decline. This is the first positive signal coming from an industry that started declining in 2009, as the more

20 iun 2012

The leu's depreciation, the local elections and European crisis have caused stagnation of revenue for the Continental Hotels chain in the first half of 2012, says majority shareholder Radu Enache. more

20 iun 2012

Italian manufacturer of oil and gas industry equipment Walter Tosto plans to reach EUR60 million in revenue in Romania next year through Fecne Nuclear Component Bucuresti (formerly known as IMGB). more

19 iun 2012

Romanian Culture Minister Mircea Diaconu said Tuesday he is stepping down from the Cabinet, after he lost his final appeal against a ruling of incompatibility. more

19 iun 2012

The Bucharest stock exchange lost 0.29% Tuesday weighed down by Fondul Proprietatea (FP.RO), which registered the most significant decline. more

19 iun 2012

The Romanian leu closed at around 4.465 units against the euro Tuesday, and the other currencies in the region strengthened, as new stimulus measures from the Fed are expected, dealers said. more

19 iun 2012

Romanian Economy Minister Daniel Chitoiu on Tuesday signed a contract for non-refundable financing for a project to upgrade a station run by national power grid operator Transelectrica, through a 180 more

19 iun 2012

The insolvency of Hidroelectrica, Romania's largest power producer, will not end in the company's bankruptcy but its reorganization, which will last 16-18 months and will not entail the sale of any more

19 iun 2012

Smart SA, the infrastructure maintenance unit of Romanian state-owned power grid operator Transelectrica, plans to keep turnover and profit at the values reported last year, 185 million lei (EUR41.45 more

19 iun 2012

Romanian food distributor Alfredo will invest more than EUR6 million in a production, storage and packaging facility in Afumati, Ilfov county, Tuesday said Cristian Darmanescu, one of the company's more

19 iun 2012

Financing a national IT entrepreneurship program, an aggressive marketing campaign for the Romanian IT industry abroad and certification for current employees. These are the main steps that would turn more

19 iun 2012

Atlantic Restaurant System, the operator of the Burger King franchise in Romania, has gone insolvent and closed three restaurants. The fast-food chain now has two restaurants left, which it will close more

19 iun 2012

Omniasig, a company controlled by Vienna Insurance Group (VIG), posted a loss of 181 million lei (EUR41 million) last year because of the surge in car policy claims. 2011 was the first year in the red more

18 iun 2012

Although Romanian hydropower producer Hidroelectrica has requested the start of insolvency proceedings, two of the five members of the company's board say they did not attend the meeting where this more

18 iun 2012

Romania's mandatory (Pillar II) and voluntary (Pillar III) private pension funds reported net assets worth 8.17 billion lei (EUR1.83 billion) at the end of May, up 2.15% on the month, according to the more

18 iun 2012

Romania's Environment Minister Rovana Plumb said Monday she has told the government workgroup in charge of reanalyzing the car pollution tax that there are six million people on the brink of poverty more

18 iun 2012

Private investment into energy production is in deadlock in Romania because reforms in this sector ceased in 2004 and the Government does not consider energy an essential infrastructure component, more

18 iun 2012

The Logan and Sandero models sporting Euro 4 engines and exported outside the European Union are the “surprise” source of growth for the production of Romanian carmaker Dacia this year, after the more