23 aug 2012

Romania’s planned tax on extraordinary revenues in the natural gas and electricity market will be implemented as of January 2013, according to the country’s latest memorandum of economic and more

23 aug 2012

Beer sales rose by almost 4% to nearly 8.2 million hectoliters in the first half of this year, according to a ZF analysis based on National Statistics Institute data. This is the first half-year more

22 aug 2012

Insurance sales stabilized in the first half of this year, but some major insurers continue to feel the effects of the crisis and to lose ground to smaller companies or to those who promoted mandatory more

21 aug 2012

Romanians paid 10.4 billion lei (almost EUR2.4 billion) worth of shopping by card in the first half, up 22% year-on-year. One fifth of this amount was spent in shops abroad, according to Romania’s more

21 aug 2012

The drought made livestock feed up to 70% more expensive in farms, but the cost increase has not yet been seen in shelf prices. What will happen to the price of meat this autumn? more

20 aug 2012

Launching for debate the new healthcare bill has left insurance companies in the dark again, as they are faced with the same difficulties, said Theodor Alexandrescu, general manager of insurance more

20 aug 2012

The auction commission of Romanian telecom regulator ANCOM decided Monday that all the five bids for mobile telephony licenses received from operators Orange Romania, Vodafone Romania, Cosmote more

20 aug 2012

The private healthcare services, one of the most dynamic economic sectors over the past years, expect the implementation of the new health law which should trigger an annual 20% growth pace. Thus, more

20 aug 2012

The Romanian leu lost ground against the euro in mid-trade Monday and the central bank set the exchange rate at 4.4939 units, about 0.2% weaker on the day. more

19 aug 2012

Taxpayers will pay penalties of 30% of the principal for undeclared fiscal debts, on top of the interest and overdue penalties provided by current law, according to an ordinance drafted by Romania's more

17 aug 2012

Hidroelectrica's personnel structure is "oversized" and the salary fund is "clearly out of proportion" with the company's economic indicators, says a report on the causes of the insolvency of more

17 aug 2012

Cigarette smuggling in Romania decreased slightly in July, to 12.9% of the market, according to a study by Novel Research. more

17 aug 2012

Two stakes totaling 0.18% in Romanian investment fund Fondul Proprietatea (FP.RO) were traded early Friday on the Bucharest Stock Exchange, for 13.2 million lei (EUR2.9 million). more

16 aug 2012

Romanian companies with sales lower than 2.25 million lei (EUR500,840) will pay VAT when cashing their invoices starting next year, while larger businesses will be unable to deduct VAT from their more

16 aug 2012

Office premises with a total area of 130,000 square meters will be delivered in Bucharest by the end of next year, followed by other 200,000 square meters that should be completed by 2015, according more

15 aug 2012

2011 was a year of rebound for companies on the logistics market, considering that 13 of the 16 largest companies on this market recorded higher turnovers, with cumulated turnovers of EUR496 million, more

14 aug 2012

Romania's Finance Ministry has identified 212 investment projects, which receive a total of 36 billion lei (EUR8 billion) from the state budget but do not observe efficiency requirements, that will be more

14 aug 2012

Telecom operators Orange Romania, Vodafone Romania, Cosmote Romania, RCS&RDS and 2K Telecom filed Monday the bids for mobile telephony licenses, according to sources on the market. more

14 aug 2012

Romanian milling and bakery company Boromir Prod Buzau (SPCU.RO) reported sales of 53.58 million lei (EUR11.8 million) in the first semester, down 24.4% from RON72.84 million in the same period a year more

14 aug 2012

Romanian farmers can apply for total non-reimbursable EU funding of EUR25.5 million between September 3 and 28, to invest in irrigation systems, Romania’s Paying Agency for Rural Development said more

14 aug 2012

Romanian natural gas prices will increase by 5% for household consumers and by 10% for non-residential clients as of September, an official of the International Monetary Fund said Tuesday. more

14 aug 2012

Romania’s gross domestic product expanded 0.5% in the second quarter, after a decline of 0.2% in the previous three months, a flash estimate of the country’s statistics institute showed Tuesday. more

14 aug 2012

International private equity firm Advent International is preparing a discreet exit from Labormed in a complex process, which will in a first stage involve handing over its stake to individuals, more

13 aug 2012

Romanian state-run oil transporter Conpet Ploiesti (COTE.RO) Monday said its first-half net profit dropped 12.3% to 20.5 million lei (EUR4.52 million), from RON23.4 million in the same period a year more

13 aug 2012

Romanian insolvent power producer Hidroelectrica will be able to gradually cut back deliveries on the regulated energy market starting with September 1, the company’s legal administrator Euro Insol more