7 iun 2012

Sergiu Manea, one of the veterans of the Romanian banking system has returned as chief executive of ATE Bank, the local branch of the Agricultural Bank of Greece, replacing Sotirios Skandamis. more

6 iun 2012

Romania's Government has repealed a decision issued in 2004 that restricted the opening of large shopping centers, in the wake of pressure from the European Commission and the International Monetary more

6 iun 2012

Romania's Government will give national railway company CFR a loan to pay its debts to the private energy suppliers, a decision taken with the International Monetary Fund's consent. more

6 iun 2012

Romania’s Unirea Shopping Center (SCDM.RO) ended the first quarter of 2012 with sales of 20.46 million lei (EUR4.7 million), up 11.8% on the year, and profit of RON809,000, down 73.7%. more

6 iun 2012

Daas Romania, supplier of equipment and services for the HoReCa and food retail businesses, plans to increase sales by at least 10% every year for the next four years, reaching a market share of more more

6 iun 2012

Dragos Zachia, chief executive officer of Romanian hydropower producer Hidroelectrica, will be replaced by Stefan Gheorghe, a former executive in the CEZ Romania group. more

6 iun 2012

Romania's Government has barred public institutions and state-owned companies from buying consultancy and legal assistance services if they already have specialized employees and will force them to more

6 iun 2012

Romania's agency for rural development payments (APDRP) received more than 2000 applications between April 17 and May 16 for rural tourism financing through the regional development program (PNDR), more

6 iun 2012

Retail sales – one of the leading indicators of consumption – went up by 3.6% in the first four months compared with the year-earlier period, but they are yet to recoup losses in previous years. more

6 iun 2012

No local oil company has announced plans to cut pump prices, despite the drop of the Brent oil barrel below $100 in the past week, to the January 2011 level, and despite the 24% decline recorded since more

5 iun 2012

Romanian state-owned airline Tarom is trying to return the last of the three Boeing 737-800s it leased four years ago, but the case has gone to court in London and an unfavorable ruling will force the more

5 iun 2012

Bucharest's luxury residential market was dominated this year by leases, with the monthly budgets for such properties ranging from EUR3000 to EUR20,000, according to a study by DTZ Echinox. more

5 iun 2012

The Norwegian government will give Romania non-refundable aid worth EUR306 million in 2012-2014, destined for companies using non-pollutant technologies. more

5 iun 2012

Almost one year since becoming chief executive of OMV, Gerhard Roiss gives a few clues about the prospects of Romania's largest oil and gas producer, Petrom, as well as its future challenges. more

5 iun 2012

Romanian construction company Romstrade, controlled by businessman Nelu Iordache, has budgeted 140% growth of its revenue to some 1.25 billion lei (approximately EUR290 million) for this year, the more

5 iun 2012

Orange, the largest company on the Romanian communications market, preserved its net profit margin at more than 20% of its revenue last year, which is close to the level in 2010, according to the data more

5 iun 2012

Omniasig and Astra continue to fight over the leading position on the general insurance market, as the cumulated revenue of Omniasig and BCR Asigurari, which merged last month, fell below Astra’s in more

5 iun 2012

Wrigley Romania, the producer of the Orbit chewing gum, posted sales of 214 million lei (around EUR50 million) last year, up about 4% on 2010. more

1 iun 2012

The shareholders of Romanian insurer Astra (ATRA.RO) on July 2 will discuss setting up an insurance-reinsurance company in Georgia and contributing to its capital. more

1 iun 2012

Romania's Government will cooperate with the British Royal Family, specifically with Prince Charles' representatives, to promote tourism in the Carpathian Mountains, minister Eduard Hellvig announced more

1 iun 2012

All the politicians in office at the Economy Ministry over the last four years have felt they had to appoint new chief executives at Transelectrica (TEL.RO), the company that operates the national more

1 iun 2012

The leu’s depreciation by 10%-15% against the euro and the doubling of interest rates for lei on the interbank market would be the direct and fast effects on the Romanian market of the prospective more

1 iun 2012

About 30% of the companies listed on the Bucharest Stock Exchange are trading at a price-to-earnings (P/E) ratio of less than 10, while the P/E of 30% of them is negative, because of the losses they more

1 iun 2012

The ten leading highway construction sites in Romania advanced by an average 8% between February 1 and May 1, according to a ZF analysis based on information sent by highway authority CNADNR. more

31 mai 2012

Greek group EFG Eurobank, the owner of lender Bancpost, posted losses of EUR10.3 million from its Romanian operations in the first quarter, much higher than the EUR1.1 million losses posted in the more