4 sep 2012

Cigarette and tobacco manufacturers are trying to convince the European Commission that using plain cigarette packaging and banning the sale of tobacco products in stores will severely hurt the more

4 sep 2012

Romania’s consolidated budget posted a deficit of 7.16 billion lei (some EUR1.6 billion) in the first eight months, equal to 1.18% of the gross domestic product, government sources said Tuesday. more

4 sep 2012

One liter of diesel oil in Romania was more expensive at the end of last month than in Luxembourg, despite the fact that a Luxembourger makes almost EUR2,300 per month, while an average Romanian earns more

3 sep 2012

Romania may be allotted between EUR40 billion and EUR47 billion by the European Union for the 2014-2020 period, said Razvan Cotovelea, state secretary in the Ministry of European Affairs. more

3 sep 2012

Romanian employees are under more and more stress, the majority (63%) citing their personal financial situation as the cause, says a study by office supplier Regus. more

31 aug 2012

Electricity consumption, which generally signals the evolution of the whole economy, saw a slight decline between January and July, and the only period when the indicator was significantly higher than more

30 aug 2012

Romanian telecom regulator ANCOM will reduce mobile telephony interconnection fees by 24% on September 1, to a maximum of 3.07 eurocents per minute. more

30 aug 2012

The Romanian government may overshoot its budget deficit target by around 0.8 percentage points because of the upcoming parliamentary elections this fall, according to estimates from the country’s more

30 aug 2012

Romania now has green energy projects the size of the two Cernavoda nuclear reactors, after investments of over EUR2 billion. more

29 aug 2012

Romania’s leu lost 0.4% versus the euro Wednesday, tracking the currencies in the region amid growing corporate demand for foreign currency, market participants said. more

29 aug 2012

Martifer Solar Romania, a unit of Portugal’s industrial group Martifer, completed its first photovoltaic energy project in the eastern county of Vrancea, the company said Wednesday. more

29 aug 2012

“What good is the Romanian stock exchange?” is the natural question that anyone asks after Tuesday’s trading session, when over the course of seven hours, stocks worth just EUR1 million were more

28 aug 2012

Romania’s road authority CNADNR continues to make past due payments into the accounts of Bechtel, even though construction works on the only highway section Bechtel is building, Suplacu de more

28 aug 2012

Selgros Cash&Carry, one of the top ten companies in local trade, is taking the first step towards electrical power generation, after having decided to install a rooftop solar farm at one of its 19 more

27 aug 2012

The budget of the Romanian Transport Ministry was reduced by 1.25 billion lei (EUR279.9 million) to RON13.42 billion, in the budget revision approved last week by the Government. more

27 aug 2012

Romania’s rural electrification program, targeting to provide electricity to households in 2,240 remote villages, will be carried out between 2012 and 2016 and will entail investments of over 1 more

27 aug 2012

The highest-paid executive in Romania last year was, surprisingly, a manager in the real estate sector, who is likely to have concluded several major transactions and earned EUR1.27 million, more

27 aug 2012

It looks like 2012 will be another bad year for investments in shopping malls, office buildings and residential compounds, considering that only four major projects requiring investments of nearly more

27 aug 2012

The best paid manager recruited by headhunters in the past year works in the chemical industry and earns a net monthly salary of EUR14,000 plus an annual bonus of EUR50,000, according to data more

24 aug 2012

The five telecom operators taking part in the largest radio spectrum auction organized in Romania submitted bids to buy more licenses than have been made available by the state. This means the more

24 aug 2012

Exports of wheat, corn and barley made through the port of Constanta, the leading hub through which Romania sends grains abroad, reached 3.6 million tons after the first seven months of the year, more

23 aug 2012

Romania's Government has approved a new formula for the clawback tax, which will be reduced by 10% and charged starting on October 1, as well as a mechanism to adjust the healthcare system's arrears more

23 aug 2012

Overnight interest rates on Romanian leu-denominated deposits rose to 9.25% in the interbank market Thursday, from 4.8% a day earlier, amid liquidity shortage. more

23 aug 2012

UTI Systems will develop a web application to compare communications offers for end-users, for market regulator ANCOM, through a contract worth 1.32 million lei (EUR294,000), VAT included. more

23 aug 2012

Romania’s Government and the International Monetary Fund have set new deadlines to appoint private managers at multiple state-owned companies, such as gas producer Romgaz, natural gas transporter more