10 apr 2012

Romanian providers of civil auto liability insurance (RCA) may be required to send an estimate regarding the segment's indicators every year to the market regulator, CSA, to be used in a risk more

10 apr 2012

Romania's Government has falsely informed the IMF that it has eliminated restrictions against the opening of large retail centers, and the letter of intent that includes this claim has been approved more

10 apr 2012

Romania's communications market regulator, ANCOM, has fined Cargo Serv Post SRL 5,000 lei (EUR1,144) for providing postal services on which state-owned postal company Posta Romana holds a monopoly more

10 apr 2012

Romania’s grain production will amount to 19.3 million tons this year, down 1.9 million tons as a result of the decline of wheat and corn crops, according to the March estimates of Coceral, a more

10 apr 2012

The Arcadia group based in Iasi (NE Romania), which comprises Arcadia Hospital, Arcadia Policlinic and Arcadia Cardio, controlled by the Fiterman family, posted EUR7.7 million turnover in 2011, the more

10 apr 2012

The Radacini group, controlled by businessman Ali Madadi, at the beginning of this month took over the former Opel and Chevrolet auto center from Gold&Platin, buying it directly from Credit Europe more

10 apr 2012

The energy market in Romania will include two new companies this fall, Complexul Energetic Oltenia and Complexul Energetic Hunedoara. The two are what is left of the reorganization plans that the more

10 apr 2012

The Bucharest Stock Exchange closed Monday with declines of over 1% on its main indexes, recording the sixth consecutive day of declines. The corrections came amid increasingly low transactions, with more

10 apr 2012

German drug wholesaler ANZAG, with annual turnover of over EUR4 billion, has bought 20% of Farmexpert from businessman Eugen Banciu, the company's founder, increasing its participation to 80%. This is more

9 apr 2012

The European Commission has approved new changes to Romania's National Rural Development Program, which provides funds for pig welfare and increases the maximum level of support for young farmers from more

6 apr 2012

Romanian President Traian Basescu has written to the leaders of the opposition, asking them to take part in the debates on the Constitution's revision, which would reduce the presidential term to four more

6 apr 2012

Romania's Transport Ministry will pay around 25.06 million lei (EUR5.733 million) as compensation for the expropriation of several plots making up an area of about 42 hectares, necessary for the more

6 apr 2012

Romanian meteorologists have issued a code yellow advisory for rain, sleet, snow and strong winds for 20 counties, valid starting Sunday at 6 p.m. until Monday at 3 p.m. more

6 apr 2012

Almost half the 9,300 jobs created last year as a result of new investment, both domestic and foreign, were recorded in five Romanian counties: Timis, Satu Mare, Prahova, Tulcea and Caras Severin. more

6 apr 2012

Europharm Brasov, the drug plant of UK giant GlaxoSmithKline, ended last year with turnover of around EUR100 million, up by around 10% on 2010. more

6 apr 2012

There is a certain sluggishness on the IT market, because users are very price conscious and also because many resellers do not make any effort to boost sales, says Bogdan Iftemie, Acer Romania’s more

6 apr 2012

The mortgage lending growth pace in February was half the monthly average of 2011, because not even government-secured loans are drawing customers to banks. more

6 apr 2012

In order to attract EUR3.5 billion targeted from the EU this year, Romania should have absorbed EUR875 million in 1Q, but it only managed to draw in EUR194 million. more

6 apr 2012

MKB Romexterra has focused on cleaning up its loan portfolio over the past two years and is now getting ready to resume sales of loans to small companies and consumers. more

5 apr 2012

GSK Romania, the local branch of British drugmaker GlaxoSmithKline (GSK), posted sales of EUR151.8 million last year, up 11% from 2010, according to the Cegedim data cited by the company. more

5 apr 2012

Romania's European Affairs Minister, Leonard Orban, said Thursday that authorities will evaluate the implementation of every project receiving European funds, and financing will be withdrawn for any more

5 apr 2012

Romanian courier services provider FAN Courier posted turnover of EUR51.5 million in 2011, 17% higher than the EUR44 million in 2010. more

5 apr 2012

Romanian Prime Minister Mihai Razvan Ungureanu has confirmed that Environment Minister Laszlo Borbely handed in his resignation Thursday, and announced he will take over the ministry in an acting more

5 apr 2012

Over 100 bankers, lawyers, consultants and businesspeople on Wednesday attended the launch of the sixth edition of the Top Transactions yearbook, organized by Ziarul Financiar, and the debates more

5 apr 2012

After almost four years at the helm of BCR, British executive Dominic Bruynseels is leaving the largest bank on the market with a visibly stronger position on the corporate banking segment, but weaker more