5 iul 2013

Over 100 dairy and cheese plants were closed between 2008 and 2012, while the number of major plants with over 250 employees was reduced to eight (from 14 in 2008), according to a ZF analysis based on more

5 iul 2013

Farming and food industry group Racova, owned by businessman Adrian Porumboiu, will start building several silos with a total capacity of 50,000 tons, close to its farms in northeastern region of more

4 iul 2013

Romanian cable maker Romcab Targu-Mures (MCAB.RO) plans to contract a loan of 20 million lei (EUR4.5 million) from state-run lender EximBank, which will be used to finance several contracts concluded more

3 iul 2013

The number of employees in Romania’s information technology (IT) industry reached 38,300 at the end of April, 3,000 more since the beginning of the year, while the number of employees in the local more

2 iul 2013

Romania wants to conclude a strategic partnership with China meant to secure a strong collaboration in various fields, Romanian Prime Minister Victor Ponta said Tuesday at the end of talks with the more

2 iul 2013

With 20% of Romania’s drug production set to go away, it remains to be seen who will vie for the second place in the ranking of local pharmaceutical producers, since second-ranked Europharm will more

20 iun 2013

The Romanian banking system needs be downsized and banks should reevaluate their costs, fees and interest rates, said Economy Minister Varujan Vosganian. more

20 iun 2013

The Romanian Government protects the tobacco industry to the detriment of non-smokers by opposing a European directive aiming to reduce smoking, despite the fact that one in three Romanian adults more

20 iun 2013

Romania’s Finance Ministry borrows in lei at costs 2% higher than the yield paid by Poland for t bonds in zloty, although the two countries have the same financing needs in ratio with the size of more

19 iun 2013

Romania's National Contestation Settlement Board (CNSC) has rejected the contestations filed by construction company Spedition UMB and Austrian group Strabag regarding the awarding of contracts for more

18 iun 2013

Romania’s real estate market continues to be highly dependent on bank loans because of a poor capital market development, according to an analysis by real estate consulting company DTZ Echinox. more

18 iun 2013

Danone, FrieslandCampina and Albalact, the three largest dairy producers on the Romanian market, reported an increase in sales in lei in 2012, but profit margins remained low, at only 2%-3%, according more

17 iun 2013

Insolvent and bankrupt companies in Romania had overdue debts of 9 billion lei (EUR2 billion) at the end of April for loans taken out from banks, which translates into nearly 40% of corporate more

16 iun 2013

Happy Tour and Eximtur continue to be leading tour operators in Romania by sales registered in 2012. more

14 iun 2013

The European Bank for Reconstruction and Development (EBRD) is considering providing an up to EUR96.6 million syndicated loan to Land Power company for the construction of an 84 MW wind farm in Tulcea more

14 iun 2013

The Romanian Government has started this year to check up on people with large wealth suspected of exceeding the “minimum acceptable risk” by not paying their taxes. more

14 iun 2013

Romanian agribusiness group Agricover is looking for potential acquisitions on the meat processing and bakery market. more

12 iun 2013

Romania’s agriculture support agency APIA will organize an auction at the end of July to purchase services for the maintenance, extension and development of its computer system. more

11 iun 2013

The Romanian Government plans to postpone by six months the deregulation of natural gas prices, but the European Commissioner for Energy Gunther Oettinger has recommended that Romania should stick to more

11 iun 2013

Romanian Prime Minister Victor Ponta on Tuesday said the ordinance aimed at lowering the value added tax on bread from 24% to 9% would be adopted after July 1, because the government can make no more

10 iun 2013

Shareholders of Romanian real estate developer Impact Developer&Contractor (IMP.RO) on Monday approved a decision to reduce the company’s share capital ten times, down to 19.7 million lei (EUR4.35 more

6 iun 2013

Romanian energy output fell 6.1% on the year to 7.29 million tons of oil equivalent in the first four months, hurt by falling production in the thermal sector, official data showed Thursday. more

5 iun 2013

Romania ranks tenth in Europe and fourth in Central and Eastern Europe (CEE) by the number of jobs created following projects based on foreign direct investments (FDI) and completed in 2012, according more

29 mai 2013

Costs entailed by the introduction of new medicines on the list of compensated drugs will be entirely covered by drug producers through the clawback tax they are obliged to pay, the Romanian more

28 mai 2013

The Romanian financial leasing market decreased 12% on the year to EUR242.86 million in the first quarter of 2013, due to a 19% decline on the auto segment to EUR173.2 million, Antoaneta Curteanu, more