16 nov 2012

The mergers & acquisitions market has seen about 40 deals worth approximately one billion euros so far this year, with the three most important deals amounting to EUR350 million, according to the data more

15 nov 2012

Confort, Euroconstruct and N.M.Construct, the largest construction companies by revenue in Timis County, Western Romania, went insolvent this year. more

14 nov 2012

Romania has extended until December 2013 an investment agreement for the construction of two new reactors at the Cernavoda nuclear power plant in a bid to attract additional funds, government more

13 nov 2012

Romanian programmers and developers continue to fare above the US average in terms of talent and creativity, which keeps the Romanian market attractive for international companies looking to hire. more

13 nov 2012

Akzo Nobel Coatings, part of chemical industry giant Akzo Nobel, estimates the Romanian paint and coatings market will see decline next year as well, but not as serious as in 2012. more

12 nov 2012

Romania's current account deficit narrowed to EUR3.67 billion in the first nine months of 2012, from EUR4.78 billion a year earlier, largely due to a lower income deficit and higher current transfer more

12 nov 2012

Romanian electric and electronic equipment maker (ELMA.RO) on Monday reported a 15.2% decline in turnover to 327.1 million lei (EUR73.7 million) and a 14.4% decrease in net profit to RON14.58 million more

7 nov 2012

Romania’s insurers may lower the expenses related to compensations by two or three times if they resort to the services of mediators, according to the Insurance Surveillance Commission CSA. more

6 nov 2012

Romania might need 20 to 30 years to converge in real terms to the euro area, even if the nominal process lasts considerably less, an official of Raiffeisen Bank Romania said Tuesday. more

6 nov 2012

Romania’s telecom market rose 75% between 2003 and 2011 to EUR3.5 billion, nearly 2.6% of the country’s gross domestic product, according to data released Tuesday by telecom regulator ANCOM. more

5 nov 2012

The Romanian Pool of Insurance Against Natural Disasters (PAID), which issues mandatory home insurance policies, saw a 8.5% decrease in its portfolio in October, to 277,893 contracts, according to more

2 nov 2012

Consumer and mortgage loans in Romanian leu became more expensive in September for the third month in a row and interests on euro loans went down again, making harder the shift to lending in lei for more

1 nov 2012

The level of concentration in the banking market has increased since the beginning of the economic crisis, mainly because certain competitors disappeared from the market, according to a report of more

1 nov 2012

The banks that found a German private investor for Romanian insolvent group International Railways Systems also became a shareholder, in a first for the local market. more

1 nov 2012

The sales of Romanian cigarette makers overshot the EUR3 billion mark last year, an even better result than in 2008, driven by an increase in exports and reduction in illegal tobacco trade. more

30 oct 2012

Renewable energy attracted investments of around EUR1 billion in the first nine months of this year in Romania, with more than EUR900 million drawn by wind energy alone. more

29 oct 2012

Insurance companies in Romania will register losses estimated at EUR100 million in 2012 as a result of fraudulent damage claims on the segment of voluntary car insurance CASCO, Maria Boghian, more

29 oct 2012

Romania’s euro-zone entry in 2015 is difficult to achieve and the new government that will be formed after December’s parliamentary elections is set to decide if the timeline for adopting the more

26 oct 2012

The European Bank for Reconstruction and Development revised downwards its forecast on Romania’s economic growth to 0.5% in 2012, citing the eurozone crisis, the lower farming output and the more

25 oct 2012

Romania’s Agriculture Ministry wants to access about EUR1 billion in EU funds to rehabilitate the country’s irrigation system, as the investment may not be covered with state budget funds, more

25 oct 2012

Car leasing company LeasePlan Romania reported a turnover of EUR28.5 million in the first nine months of 2012, up 30% on the year, and invested EUR37 million in the purchase of vehicles, the more

25 oct 2012

Boasting a rise of 14.7% since the beginning of the year, gold has been one of the most profitable investments, with the gains that it offers substantially exceeding interest rates on bank deposits more

24 oct 2012

Most of Romania’s two-star hotels will disappear from the market in the next years because of low demand, and will either be modernized and reclassifies or demolished, according to tour operators. more

24 oct 2012

Pharmaceutical producers and wholesalers will face severe sanctions if they withdraw from the market or halt sales of various medicines without notifying the government several months ahead, more

23 oct 2012

Romania’s Education Ministry will hold an auction in December to buy IT&C equipment and services for an estimated 148.6 million lei (EUR32.5 million), VAT included, in order to connect 2,446 schools more