25 apr 2012

The European Commission has opened five distinct in-depth investigations to assess whether the Romanian state-controlled hydropower producer Hidroelectrica S.A. purchased or sold electricity at more

25 apr 2012

Romania’s leu moved in a tight range against the euro by midday Wednesday and the central bank’s reference advanced modestly to 4.3778 units, from 4.3791 units a day earlier. more

25 apr 2012

Romania's budget deficit in the first two months was the same as in 2011, while public debt continued to rise fast because of the Finance Ministry's policy to borrow aggressively from markets for fear more

24 apr 2012

Romanian state-run hydropower generator Hidrolectrica will deactivate a force majeure on energy deliveries May 1, the Economy Ministry said in a statement Tuesday. more

24 apr 2012

Romanian residents may not drive cars registered in other states for periods longer than 90 days, according to a decision adopted by the Government Tuesday. more

24 apr 2012

Over 300 cab drivers in Bucharest are protesting outside the Parliament Palace Tuesday, calling for the adoption of new taxi legislation that would ban cab drivers from working outside their license more

24 apr 2012

The hydrocarbon production of Romania's largest oil and gas company OMV Petrom (SNP.RO) fell slightly in the first quarter, due to severe weather conditions, according to a trading statement of OMV, more

23 apr 2012

Romania’s life insurance market will continue to maintain its positive trend in 2012, with the increase in underwritten premiums seen below 10%, Theodor Alexandrescu, head of insurance company Alico more

23 apr 2012

The annual spending of the local administration amounts to EUR10 billion, which means EUR40 billion in the four-years term in office of the administration - this is the huge stake of the June 10 local more

20 apr 2012

Romanian grain traders were eliminated in February and March from two tenders for wheat in Iraq worth a total of EUR20 million as a result of “faulty” deliveries made by Lebanese trader GT Group, more

19 apr 2012

About 18% of electricity suppliers in Romania failed to meet the mandatory green certificate quotas for last year and face penalties amounting to EUR2.86 million, according to energy watchdog ANRE more

19 apr 2012

The value of Romanian e-commerce in the period before Easter increased by 38% compared with the same interval of 2011, as Romanians spent EUR15.9 million in domestic online stores between March 15 and more

19 apr 2012

Agricover, the only major trader of agricultural raw materials not backed by a multinational, is on the list of acquisitions of giants Cargill and Ameropa, market sources say. more

18 apr 2012

Austrian group OMV, the majority shareholder of Romanian oil company OMV Petrom, has filed a claim against the Romanian state with the International Court of Arbitration in Paris, demanding refunds of more

18 apr 2012

The European Bank for Reconstruction and Development on Wednesday said it has extended a EUR15.9 million loan to Aquaserv S.A. water utility company to improve water services in Mures and Harghita more

18 apr 2012

Romania’s Competition Council will notify the Consumer Protection Authority regarding abusive practices by car dealers who are forcing clients to have their cars mended only at their repair shops or more

17 apr 2012

Two investment funds administrated by Franklin Templeton Investments have bought a total stake of 2.82% in Romanian power grid operator Transelectrica (TEL.RO) in a secondary public offering which more

17 apr 2012

Increasing revenues on existing markets and improving cash flow are the main priorities for Romanian chief financial officers (CFOs) over the next 12 months, as few of them are currently contemplating more

13 apr 2012

Canadian Eldorado Gold plans to mine four tons of gold per year in Romania, starting 2015, namely an output worth $160 million per year, calculated on the average price considered in the reevaluation more

13 apr 2012

Romania’s leu was stable against the euro by midday Friday and the central bank’s reference gained modestly to 4.3733 units, from 4.3741 units a day earlier. more

13 apr 2012

The Finance Ministry will request the government to allocate 2.4 billion lei (EUR550 million) for loans to the EU fund management authorities in the second quarter, after such loans from the Treasury more

12 apr 2012

Romanian foreign direct investment, or FDI, fell to EUR253 million in the first two months of 2012 from EUR325 million in the same month a year before, the central bank said Thursday. more

12 apr 2012

Romania's current account deficit widened to EUR663 million in the first two months from EUR251 million in the same period of 2011, due mainly to the doubling of the trade gap, central bank data more

12 apr 2012

Romanians’ appetite for long-term savings has increased spectacularly lately thanks to the more generous offers from banks attempting to balance their portfolios. more

12 apr 2012

Almost three quarters of the companies listed on the Bucharest Stock Exchange budgeted higher revenue for this year. The same number of companies see bottom line improving, too, which means either more