11 apr 2012

After years in which the authorities and politicians have just talked about taxing agriculture, the Finance Ministry readily admits “agriculture is less taxed than the rest of economic sectors,” more

11 apr 2012

Chinese investors will complete a EUR15 million investment in a brick plant in Constanta County (SE Romania), the only greenfield manufacturing investment ever made by a Chinese-held company on the more

11 apr 2012

Ten billion euros spent yearly on public procurement contracts awarded through the Electronic Public Procurement System (SEAP) alone, over 80,000 procedures of awarding contracts through this more

11 apr 2012

The local market of mutual funds ended the first quarter of the year with 8,562 billion lei (EUR1.96 billion), 4% more than at the beginning of year mainly because of the new money raised from more

10 apr 2012

Romania’s inflation fell for a fifth consecutive month in March to a fresh record low in over two decades, as cheaper food prices and a slower annual increase in non-food commodities offset higher more

6 apr 2012

Europharm Brasov, the drug plant of UK giant GlaxoSmithKline, ended last year with turnover of around EUR100 million, up by around 10% on 2010. more

6 apr 2012

The mortgage lending growth pace in February was half the monthly average of 2011, because not even government-secured loans are drawing customers to banks. more

6 apr 2012

In order to attract EUR3.5 billion targeted from the EU this year, Romania should have absorbed EUR875 million in 1Q, but it only managed to draw in EUR194 million. more

2 apr 2012

Romanian foreign exchange reserves rose to EUR34.6 billion in March from EUR33.4 billion a month earlier, central bank data showed Monday. more

1 apr 2012

Romanian road authority CNADNR will set up auctions to award contracts for design and construction works on three 71.9 kilometer-long sections of the Lugoj-Deva highway, and on the second section of more

31 mar 2012

Romanian Prime Minister Mihai Razvan Ungureanu on Saturday said Romania needs to be reorganized administratively. more

30 mar 2012

Romanian Prime Minister Mihai Razvan Ungureanu on Friday requested the country’s new healthcare bill be put up for public debate by the end of April to be further discussed in Parliament this more

30 mar 2012

Romania’s Environment Ministry approved the shale gas drilling agreements concluded between mineral resources authority ANRM and US giant Chevron, and the agreements include environment obligations more

30 mar 2012

Romania’s agricultural growth is affected, among others, by banks’ reluctance to finance farmers, although the interest on loans is higher compared to other countries, Agriculture Minister Stelian more

30 mar 2012

Romania’s cereal output rose 24.3% in 2011, to 20.78 million tons, compared to 16.71 million tons in 2010, placing the country fifth in the European Union by wheat output and second, after France, more

29 mar 2012

Romania’s new healthcare bill might allow doctors to provide private services in public hospitals, Health Ministry state secretary Vasile Cepoi said Thursday at the Mediafax talks about Health more

28 mar 2012

Canadian Bayfront Capital Partners, sole shareholder of Roman Copper, will call on investors from Canada, Europe and the US to pay for the purchase of Romanian copper mining firm Cupru Min, along with more

28 mar 2012

Romanian executives expect growth in all economic sectors in March to May 2012, compared to the previous three months, according to a survey released Wednesday by the country’s statistics bureau more

28 mar 2012

Life insurance companies lost several tens of thousands of accounts last year, as they were closed by customers who needed the money after seeing their income shrink because of the difficult economic more

27 mar 2012

The three branches of Romanian electricity supplier Electrica will be floated on the Bucharest Stock Exchange in the second half of this year, and the listing schedule will be developed within a more

27 mar 2012

Romanian authorities received two offers, from Japanese Marubeni Corporation and China Huadian Engineering, for the construction of an energy production group at power producer Rovinari. more

27 mar 2012

Three Romanian investors have built a liquid detergent plant in Prahova county (southern Romania) in an investment that will reach about EUR1 million by the end of this year. more

26 mar 2012

Romania’s consolidated budget posted a deficit of 2.7 billion lei (EUR618 million) in the first two months, equal to 0.44% of the gross domestic product, Finance Ministry data showed Monday. more

26 mar 2012

Romania’s Finance Ministry on Monday sold a planned 300 million lei (EUR68.6 million) in six-month treasury bills, at an average yield of 5.06% a year, the lowest level on record. more

26 mar 2012

Romanian private lending fell 0.7% in real terms to 222.28 billion lei (EUR50.8 billion) in February compared with the previous month on the back of a decrease in leu-denominated loans, central bank more