12 iun 2012

The World Bank has revised downward its forecast on Romanian economic growth to 1.2% in 2012 from 1.5% previously, warning developing countries to "prepare for a long period of volatility in the more

12 iun 2012

Romania's Parliament on Tuesday adopted a declaration by ruling alliance USL, which says the Prime Minister will represent Romania in the European Council on June 28. more

12 iun 2012

The World Bank's Board of Executive Directors on Tuesday approved a EUR1 billion precautionary loan for Romania, the Finance Ministry informs. more

12 iun 2012

The Romanian national TV network's (TVR) report for 2011 was rejected Tuesday by the Parliament, meaning the network's board, chaired by Alexandru Lazescu, will be replaced. more

12 iun 2012

Romanian insurer Asirom plans to increase its revenue from premiums by 5%-7% this year, from 627.9 million lei (EUR140.8 million) in 2011, and post net profit similar to last year's RON7.2 million, more

12 iun 2012

Cocor Bucuresti (COCR.RO), owner of the eponymous shopping center in downtown Bucharest, might be foreclosed on by BCR, according to a report sent to the Bucharest Stock Exchange on Monday. more

12 iun 2012

Votes counted at Sunday’s local elections have shown results not seen in 20 years. The number of votes obtained by the Social-Liberal Union (USL), alongside the ones obtained separately by the more

12 iun 2012

Constantin Toma, the man who created and ran Omniasig for sixteen years until 2011, sold the controlling interests in non-life insurance company Platinum to Germany’s Gothaer. more

12 iun 2012

The Antonescu family, which owns travel agency Marshal Turism, has invested EUR5 million into the latest five-star hotel in Bucharest, which it inaugurated on Calea Dorobantilor (central Bucharest) on more

12 iun 2012

Romania doesn’t put out enough programmers to attract new investors in the IT industry, so one should support businesses that create software products and that can also generate jobs in other more

11 iun 2012

Fitch Ratings on Monday downgraded Romanian lender Banca Romaneasca's (BROM.RO) long-term issuer default rating to "B-," with negative outlook, because of the bank's dependence on its parent, National more

11 iun 2012

Andrei Todea, chairman of the board of Romanian oil storage and shipment firm Oil Terminal (OIL.RO), has stepped down and has been replaced in an acting capacity with Sorin Viorel Ciutureanu, the more

11 iun 2012

Romania's former prime minister Emil Boc (PDL) will be returning as mayor of the city of Cluj-Napoca, after winning 40.03% of the ballot, while his rival Marius Nicoara (USL) got 38.97%, according to more

8 iun 2012

Local authorities in Arad, western Romania, and the EBRD on Friday signed a EUR20 million loan agreement, with EUR9.4 million to be used to buy six new trams and the difference to refinance a EBRD more

8 iun 2012

The depreciation of the leu towards RON5 per euro would affect Romanians whose loans in euros are worth EUR3.5 billion and would lead to a deterioration of banks’ loan portfolios and an increase in more

8 iun 2012

Daniel Antor was appointed chief executive of Tiriac Auto, part of Tiriac Holdings and the largest network of dealers on the Romanian market, on Thursday, company officials said. more

8 iun 2012

The fight between a powerful group of shareholders and the current management of regional investment fund SIF Muntenia (SIF4.RO) over its EUR300 million assets helped its shares preserve the increase more

8 iun 2012

Romania had fifteen wind farms worth more than EUR1.7 billion operational at the beginning of June. Four of the fifteen farms, whose total capacity stands at about 1,165 MW, more than a Cernavoda more

8 iun 2012

Milan Radin, 36, left Romania when he was 15, back when the Iron Curtain had yet to fall. He came back in 2007 after persuading German-held drogerie markt to enter the Romanian market. The Romanian more

7 iun 2012

Dan Iulius Plaveti has been recalled as president of Romania's National Energy Regulations Authority, by order of Prime Minister Victor Ponta, and replaced with Niculae Havrilet, former head of the more

7 iun 2012

The ICCO group and US company Lockheed Martin on Thursday launched Romania's first private Smart Grid project, in the ICCO Ghimbav Industrial Park in Brasov county, with an investment of $15 million more

7 iun 2012

Romania obtained non-reimbursable EU funds worth a total of EUR253 million in May, raising the actual absorption rate to 8.7%, 1.3 percentage points higher than at the end of April. May was the second more

7 iun 2012

Cluj-based pharmaceuticals producer Terapia Ranbaxy, a unit of Japan's Daiichi Sankyo, expects sales on the domestic market to reach about 400 million lei (EUR90 million) this year, up 14% from RON350 more

7 iun 2012

Strauss Romania, producer of the Doncafe coffee, forecasts revenue of 232 million lei (about EUR52 million) for this year, up more than 9% compared with 2011, when sales were flat. more

7 iun 2012

The National Bank of Romania doesn’t plan on sitting idly by, but will use all the instruments at its disposal if an excessive appreciation of the US dollar might endanger the price stability and more