2 oct 2012

American multinational confectionery, food and beverage conglomerate Kraft Foods Inc, which also operates in Romania via Kraft Foods Romania, changed its name to Mondelēz International. more

2 oct 2012

Romanian adjusted retail sales inched up 0.7% in August from the earlier month, supported by higher sales of fuel and food items, the statistics institute INS said Tuesday. more

2 oct 2012

An analysis of the balance sheets of Romania’s ten largest private universities shows that they made EUR121 million in revenue from the tuition and other fees paid by their students. more

1 oct 2012

The level of the excise duties in Romania will be calculated using an exchange rate of 4.5223 lei per euro next year, 5.2% higher than in 2012. more

28 sep 2012

Romanian companies expect construction activity will slow down in September through November compared with the previous three months, the statistics institute INS said in a survey Friday. more

27 sep 2012

Romania’s central bank revised downward foreign direct investment data for 2011 to EUR1.8 billion, compared with EUR2.22 billion in the previous year. more

26 sep 2012

Romania has been drawing less and less foreign capital over the past years as investors have become more selective, the head of the Bucharest bourse said Wednesday, adding that EUR1.5 billion in more

26 sep 2012

The Romanian Government on Wednesday unveiled a plan to introduce free wireless internet in all schools and public institutions starting 2013. more

26 sep 2012

Official debt collectors are shifting focus from consumer loans and bills to the market of troubled mortgage loans, which are a bigger business and come with a much higher recovery. They are willing more

25 sep 2012

Agricultural traders Comfert and Popasul Trebes in Bacau, with cumulated turnovers of EUR150 million, are in talks to take over bread producer Pambac, according to market sources. The bread producer more

22 sep 2012

Romania’s low absorption rate of European Union financing is due to the fact that only 15% of EU’s structural and cohesion funds allocated to Romania for the 2007-2013 period targeted the private more

20 sep 2012

The Bucharest Court of Appeals has suspended, at the request of Astra, the enforcement of an order issued in August by the Insurance Supervisory Commission (CSA) forcing home owners to buy a mandatory more

18 sep 2012

Romania's Trade Registry Tuesday said 11,043 companies filed for insolvency in the first eight months of 2012, down 1.43% from 11,230 companies in the year-earlier period. more

18 sep 2012

New car registrations in Romania saw a 9.4% decline to nearly 44,000 units on the year in the first eight months of 2012 and fell by over 42% to around 5,000 units on the year in August, the European more

14 sep 2012

Romanian banks and legal executors have adopted a more aggressive sale strategy in September and in some cases reduced the prices of foreclosed homes by up to 50%. more

13 sep 2012

Romania will create a national network of fruit and vegetables storehouses in public-private partnership, Agriculture Minister Daniel Constantin said Thursday. more

13 sep 2012

Turning in a neighbor to the fiscal authorities for suspected tax evasion might become a profitable business with the introduction of the “informant” system that awards quality reports of tax more

12 sep 2012

The European Commission will make financial corrections and reduce the funds allotted to Romania for regional development, environment, transport and competitiveness projects, after it identified more

12 sep 2012

Every Romanian spent 10 lei (EUR2.23) on toothpaste last year, which is enough to buy one or two tubes, depending on the size and price, while only one in two Romanians bought a new toothbrush in more

11 sep 2012

Romania’s leu slightly depreciated in late trade Tuesday and closed at around 4.485 units, amid higher volumes. more

10 sep 2012

EUR210 million or EUR180 million - that is how much international real estate investors were willing to pay, and did in some cases, for a mall in a city other than Romania’s capital Bucharest in more

5 sep 2012

The integrated system for tourist registration (SIET), which will be used to register “in real time” all tourists lodged in hotels and boarding houses, will become operational starting December, more

5 sep 2012

The capacity of the operational wind farms in Romania might double by the end of 2014, from the current 1,390 MW, which cost about EUR2 billion. Although this is a significant leap from the 14 MW more

4 sep 2012

Romania’s Paying Agency for Rural Development said Tuesday it allotted extra EUR60 million in non-reimbursable funds for investments in irrigation systems. more

4 sep 2012

Romanian President Traian Basescu on Tuesday said he asked in the European Council that the period during which Romania is allowed to absorb European Union funds be extended until 2016 in a move to more