14 iun 2012

Grup Feroviar Roman (GFR), the largest private railway freight carrier in the country, saw its net profit increase six-fold last year to 28.7 million lei (almost EUR6.5 million) and expects it to go more

13 iun 2012

Romania's Trade Registry on Wednesday said 7,427 companies filed for insolvency in the first five months of 2012, down by nearly 20% from 9,177 companies in the same period in 2011. more

13 iun 2012

The number of landlines and landline subscribers in Romania rose 4% to 4.69 million and 4.04 million, respectively, in 2011, telecom regulator ANCOM said in a press release Wednesday. more

13 iun 2012

Revenues of telecom operators in Romania fell 3% last year, to 14.8 billion lei (around EUR3.5 billion), but the decline was lower than the previous year’s 7% drop, according to telecom regulator more

12 iun 2012

The World Bank has revised downward its forecast on Romanian economic growth to 1.2% in 2012 from 1.5% previously, warning developing countries to "prepare for a long period of volatility in the more

12 iun 2012

The World Bank's Board of Executive Directors on Tuesday approved a EUR1 billion precautionary loan for Romania, the Finance Ministry informs. more

12 iun 2012

Egger Romania, one of the largest companies on the local wood processing market, posted 553.57 million lei (EUR130 million) in revenue last year, up almost 30% on the RON431.25 million in 2010. more

8 iun 2012

The Romanian government has pledged to continue a key privatization program in the energy sector agreed with the International Monetary Fund by selling majority stakes in four new power companies in more

7 iun 2012

The ICCO group and US company Lockheed Martin on Thursday launched Romania's first private Smart Grid project, in the ICCO Ghimbav Industrial Park in Brasov county, with an investment of $15 million more

7 iun 2012

Most Romanian firms that entered insolvency this year operate in the construction, real estate, commerce and production sectors, according to data by liquidator Casa de Insolventa Transilvania (CITR). more

7 iun 2012

Romania obtained non-reimbursable EU funds worth a total of EUR253 million in May, raising the actual absorption rate to 8.7%, 1.3 percentage points higher than at the end of April. May was the second more

5 iun 2012

Bucharest's luxury residential market was dominated this year by leases, with the monthly budgets for such properties ranging from EUR3000 to EUR20,000, according to a study by DTZ Echinox. more

5 iun 2012

Romania’s Competition Council will not extend restrictions regarding drugstore network expansion, which expire at the end of the year, antitrust watchdog president Bogdan Chititoiu said Tuesday. more

5 iun 2012

The World Bank will provide consultancy services to Romania’s Competition Council within a contract of 19.84 million lei (nearly EUR4.44 million), which will allow the antitrust body to optimize its more

5 iun 2012

Wrigley Romania, the producer of the Orbit chewing gum, posted sales of 214 million lei (around EUR50 million) last year, up about 4% on 2010. more

4 iun 2012

Cross-border lending to Romania’s economy fell by $3.8 billion (or 6.7%) at the end of last year to $52.8 billion, from $56.7 billion at the end of September 2011, and by $9.4 billion (15%) from more

4 iun 2012

Romanian thermal power producer Turceni, Rovinari and Craiova ended last year with record revenue, as the drought that hurt Hidroelectrica was a real boost for the business of the three plants. more

1 iun 2012

Romanian leu’s exchange rate strengthened slightly to 4.4648 units against the euro Friday, but dropped for the third straight session versus the US dollar and hit a new all-time low of 3.6231 more

1 iun 2012

Romanian foreign exchange reserves fell to EUR33.5 billion in May from EUR34.3 billion a month earlier, central bank data showed Friday. more

31 mai 2012

Romania is exposed to the risk of contagion with the Greek banking market, including through the over EUR4 billion financing lines with Greek banks, which can become uncertain, but the Romanian more

30 mai 2012

Romanian state-run thermal power producer Rovinari Wednesday said its net profit rose more than fivefold on year to 33.3 million lei (EUR7.5 million) in 2011, boosted by a 28% increase in electricity more

30 mai 2012

Romanian electricity distributor Electrica Distributie Muntenia Nord said its turnover rose 15% on year to 685.7 million lei (EUR162.1 million) in 2011, compared to RON596 million in 2010, according more

30 mai 2012

E.ON Energie Romania, a unit of German utility E.ON, reported gas and electricity sales of 4.26 billion lei (EUR1 billion) in 2011, the company said in its financial report Wednesday. more

30 mai 2012

GDF Suez Energy Romania, a unit of French-Belgian utility GDF Suez, Wednesday said its sales rose 9% to 3.86 billion lei (EUR910.8 million) in 2011, from RON3.54 billion a year earlier. more

29 mai 2012

Romania’s state-run postal operator Posta Romana is losing nearly 4 million lei (EUR896,077) monthly due to various companies infringing on its monopoly on postal services held until December 31, more