26 mar 2012

The money spent by the Ministry of Regional Development and Tourism from 2009 through 2011 in order to develop tourism and get foreigners to come to Romania made no impact on the economy. Central bank more

23 mar 2012

Investors subscribed Friday a little over a third of the 15% stake Romania is offering in state-run power grid operator Transelectrica (TEL.RO), bringing the total stock sold to around 7%. more

23 mar 2012

Romania’s Communications Ministry and the National Employment Agency, or ANOFM, have teamed up to establish measures aimed to support the 511 employees of state-run postal company Posta Romana who more

23 mar 2012

The revision of the economic growth forecast to 1.7% is the first official acknowledgement that the gross domestic product this year will be lower than the expectations in 2011, around which the more

23 mar 2012

Romanian contracting authorities will have at most one week after an auction’s legal waiting period ends to sign the winning contract, according to a normative act approved by the Government Friday. more

22 mar 2012

The price of a cigarette pack in Romania will rise by RON0.15-RON0.20 on July 1, while the total excise duty will be increased to EUR79.19 per 1000 cigarettes from the current EUR76.6 per 1000 more

21 mar 2012

Bucharest’s shopping center floor-space per thousand people stands at 185 square meters, one of the lowest rankings in Europe, after Paris with 141 sqm and Vilnius with 130 sqm, according to a more

21 mar 2012

Romanian state-run airline Tarom has cut handling costs by $1 million annually after Transport Minister Alexandru Nazare asked the company to renegotiate the loss-generating handling contract signed more

21 mar 2012

Beer sales cumulated some 17 million hectoliters last year in Romania, the same as in 2010, according to data presented Wednesday in a news conference by beer maker association Berarii Romaniei. more

21 mar 2012

Seven of the largest law firms on the local market posted revenue growth last year, as a result of a slight improvement of the business environment and of the increase in revenue they made from more

20 mar 2012

Romanian Economy Minister Lucian Bode said the Nabucco pipeline project remains a priority investment for the country, regardless of the project’s final layout. more

20 mar 2012

The bill on electricity and the organization and operation of the energy market watchdog, ANRE, approved by the government at the end of last week and sent to the Parliament, includes some new things more

20 mar 2012

Romtelecom’s first competitor on the landline telephony segment, Oradea-based Atlas Telecom Network, has EUR70 million in debt and was unable to make as little as EUR1 million in revenue in 2011. more

19 mar 2012

The Romanian Competition Council said Monday it slapped several pharmaceutical companies with fines worth a total EUR12 million for sealing anti-competition agreements. more

19 mar 2012

The Romanian government has reserved the right to limit and even block an “excessive” growth of electricity prices, for an extendable interval of up to six months, through setting a price ceiling more

19 mar 2012

Romania’s leu edged lower against the euro by midday Monday, but the central bank’s reference weakened to a new record low of 4.3794 units, from 4.3783 units Friday. more

19 mar 2012

Romania's central bank Monday injected 5.69 billion lei (EUR1.3 billion) into the market in a one week repurchase agreement operation at an interest rate of 5.5% a year, equal to the monetary policy more

19 mar 2012

The top ten players on the vegetable oil market can store 1.6 million tons in silos, i.e. over 80% of last year’s sunflower harvest, according to data from the Agriculture Ministry. more

19 mar 2012

Pedersen&Partners, Leadership Development Solutions and K.M.Trust&Partners are the largest executive search firms on the Romanian market, with cumulated turnovers worth over a third of the market, more

16 mar 2012

Romanian authorities plan to maintain the tariffs for the natural gas delivered to household clients unchanged until end-March 2013, according to a joint draft order from the energy watchdog ANRE, the more

16 mar 2012

Romanian President Traian Basescu on Friday signed into law a bill which bans picnicking outside authorized picnic sites. more

16 mar 2012

Romania’s tourism sector needs to implement the all-inclusive system to bring in tourists and compete with foreign markets which have already developed this system, the Federation of Employers in more

15 mar 2012

The number of boxes of medicine produced in Romania has dropped by 40% in the last five years, from 315 million in 2006 to 190 million in 2011, because the authorities "have sabotaged the domestic more

15 mar 2012

The average price of gas imported between January and June will be $493 per thousand cubic meters, up 11.5% from $442/1,000 cbm, the annual average for 2011, according to data from energy regulator more

15 mar 2012

Romanian new passenger car sales fell 7.1% on the year to 8,015 units in the first two months, from 8,632 units in the year-earlier period, the Automotive Manufacturers and Importers Association, or more