25 iul 2012

Romania’s Transport Ministry selected consortium PwC/D&B David and Baias/George Butunoiu to recruit private general managers and managing board members for the companies under its authority with more

25 iul 2012

China Huadian Engineering will invest over $1 billion in the construction of a power plant with a capacity of at least 500 MW at Romanian state-owned thermal power producer CE Rovinari, the Economy more

24 iul 2012

Euro Insol, the administrator of Romanian insolvent power producer Hidroelectrica, announced Tuesday that the company has terminated a deal with Energy Holding, responsible for losses of 1.4 billion more

24 iul 2012

Romanian Development Minister Eduard Hellvig on Tuesday signed a financing contract for road rehabilitation in Craiova, for a project worth 83.9 million lei (EUR18 million), implemented through the more

24 iul 2012

The EUR100 million state aid scheme prepared by the Romanian Finance Ministry for companies that create 300 new jobs and keep them for five years is welcome, but a program would also be needed for more

24 iul 2012

Romania fell three spots and placed sixth in Europe by sales of Dacia cars in the first half of 2012, in a ranking of sales by country compiled by carmaker Automobile Dacia, according to a ZF analysis more

23 iul 2012

Romania’s farming production rose to 76.5 billion lei (EUR16.64 billion) in 2011, up 8.9% from 2010, of which crop production amounted to RON54.1 billion, accounting for 70.8%, up 13% from 2010, the more

23 iul 2012

New car sales in Romania saw a new decline by 16% to 43,000 units in the first half of 2012 and only 16 brands out of 40 posted growth, according to statistics by the Association of Automotive more

23 iul 2012

Horia Manda, managing director of Axxess Capital, the company that manages the Romanian-American Enterprise Fund (RAEF), the Balkan Accession Fund (BAF) and the Emerging Europe Accession Fund, said he more

23 iul 2012

Each company that creates at least 300 new jobs and keeps them for at least five years may receive state aid worth over EUR28 million, according to a draft government decision published on the Finance more

23 iul 2012

Sales of luxury cars priced above EUR100,000 went up by less than 10% to 166 cars in the first half of 2012, compared with the same period in 2011, according to a ZF analysis based on statistics of more

23 iul 2012

MOL Romania CEO, Kinga Daradics, said it is hard to predict the evolution of the oil market in 2012 amid political uncertainties and problems in the eurozone, after the start of a difficult year which more

23 iul 2012

The Kenvelo Group, which posted around EUR20 million in revenue last year from over 70 Kenvelo, Lee Cooper and Tom Tailor stores, will also develop the American TimeOut brand on the Romanian market, more

22 iul 2012

Romania’s Finance Ministry will allocate 8.1 million lei (EUR1.76 million), from amounts obtained by the state from privatizations, to make payments for projects financed via the Regional more

19 iul 2012

Austrian millionaire Gerald Schweighofer, who owns an over EUR400 million wood processing business on the Romanian market, currently has 2,300 employees in this country. The company has recruited 200 more

19 iul 2012

The drought and high temperatures have already ruined about one third of the local corn crops but the farmers will be able to offset some of the losses as a result of rising quotes. more

18 iul 2012

The top ten Romanian construction companies posted about EUR1.3 billion revenue together last year, almost 14% of the construction market. Compared with 2010, the cumulated revenue of the top ten more

18 iul 2012

The Romanian medical services market, one of the most dynamic sectors in the last few years, could grow 8% this year and by as much as over 20% as of 2013 if certain regulations come into force and more

17 iul 2012

The EUR100 million state aid scheme prepared by the Romanian Finance Ministry for companies that create 300 new jobs and keep them for five years is welcome, but a program would also be needed for more

17 iul 2012

Cigarette producer Japan Tobacco International (JTI) has invested EUR25 million to expand its plant in Romania’s capital Bucharest. more

13 iul 2012

The European Commission is preparing a letter to stop one payment for the construction of Romania's Arad-Nadlac highway, after finding irregularities and suspicions of fraud. more

13 iul 2012

The three large cement producers on the Romanian market remained profitable last year, but profit margins were down. Whereas they would exceed 30% in previous years, in 2011 they shrank to no more more

12 iul 2012

The private equity investment in Romanian Transport Trade Services (TTS) by International Finance Corporation - the investment division of the World Bank – brings to light the value of the local more

11 iul 2012

Online card payments in Romania will exceed EUR250 million in 2012, from EUR200 million in 2011, and the number of transactions will reach five million, up 30% from 2011, according to Netopia more

11 iul 2012

Romania’s largest insolvency, that of energy producer Hidroelectrica, is proving an increasingly tough mission, since the company could again use the force majeure clause because of the drought. more