5 mar 2012

BRD-SocGen, the second largest bank on the local market by assets and the best profit maker, will drop the strategy used in the past two years when it protected profitability at all costs, a decline more

5 mar 2012

Alin Giurea, chairman and shareholder of milling and bakery company Pambac Bacau wants 5% of his company revenue to come from sales abroad, considering consumer spending on the domestic market is not more

5 mar 2012

Pharmaceutical distributor Farmexpert controlled by Germany’s ANZAG, reported a 12% increase in last year’s turnover to nearly 1.71 billion lei (EUR393 million), according to ZF’s calculations. more

5 mar 2012

The role of human resource managers has changed significantly during the four years of crisis, as they have been forced to cut costs, restructure, and reorganize departments, as well as retain the more

5 mar 2012

He took the reins of the Yum! brands in Romania - KFC, Pizza Hut and PHD – at the end of 2011 and has already made a big change by ditching Pepsi for rival Coca-Cola. His plans, however, don’t more

5 mar 2012

Romania’s banking system might see red in 2012 as well, for the third consecutive year, and players with considerable losses will most likely need additional capital, according to Florin Ilie, head more

4 mar 2012

The Romanian Government has decided the value added tax (VAT) for projects within the Transport Sector Operational Program will no longer be considered eligible cost compensated from European Union more

3 mar 2012

Romania will grant financial aid of EUR15 million to the Republic of Moldova for projects targeting environment protection and climate changes, and the money will come from the EUR100 million more

3 mar 2012

Romania wants a stronger dialog with Russia in order to clarify and solve some outstanding problems with a view to establish an economic partnership based on mutual respect and benefits, Romanian more

3 mar 2012

The ministers of the Romanian and Moldovan Cabinets on Saturday signed several agreements for bilateral collaboration, including the Action Plan for the enforcement of the strategic partnership more

3 mar 2012

Romanian private healthcare provider Romgermed estimates the 200-bed hospital it will open in Bucharest by the end of the year will generate turnover of EUR1 million in its first year of operation. more

2 mar 2012

Romania’s leu traded near 4.35 per euro by midday Friday, while the central bank’s reference barely moved to 4.3493 units, from 4.3488 units a day earlier. more

2 mar 2012

The capital market stars were generally the liquid shares of the first tier of the Bucharest Stock Exchange. They were the main targets of non-resident investors, who were given away by the high more

1 mar 2012

Hidroconstructia, the largest Romanian construction company, with over EUR232 million in turnover in 2010, has opened a branch in Kircheim, Germany, according to information in the Official Gazette. more

29 feb 2012

The beer market rose by almost one percent last year, which is the first positive sign for an industry that lost almost 20% of its volume in 2009 and 2010, ZF has calculated based on the data provided more

28 feb 2012

Romania sold Tuesday $750 million in the reopening of a 10-year bond issue on the U.S. market, meeting a strong demand that pushed the yields lower to 6.45%, from 6.875% in the previous debt sale. more

28 feb 2012

Some 45% of Romanians use branded auto repair shops, 28% prefer the prices charged by independent shops, while 27% fix up their car themselves, says a survey by Auto.ro and market research company more

28 feb 2012

Romania’s leu edged higher against the euro by midday Tuesday and the central bank’s reference strengthened slightly to 4.348 units, from 4.3525 a day earlier. more

28 feb 2012

Romania’s national power grid can absorb at most 2,000 MW from wind farms, half of the estimations put forth by system operator Transelectrica (TEL.RO), a senior banker with the European Bank for more

27 feb 2012

Romanian unionists affiliated to union centers Cartel Alfa and the National Union Bloc (BNS) are set to protest Wednesday, alongside unionists across Europe, against the new European Union Fiscal more

27 feb 2012

Energy, an over EUR25 billion market, with more than 135,000 employees, will be discussed at length in the first edition of the ZF Power Summit ’12, an event organized by Ziarul Financiar that more

27 feb 2012

The largest 15 companies controlled by the Economy Ministry posted 23 billion lei (EUR5.3 billion) in revenue last year, up 15% on 2010. The highest increases were those of the energy complexes in more

27 feb 2012

They started to arrive in Romania in mid 2000s, drawn by Dacia, the cheap skilled labor and the advantage of export to Western markets. They built plants from the ground up and created an industry more

24 feb 2012

Romania’s consolidated budget posted a surplus of 1 billion lei (EUR229.9 million) in January, equal to 0.2% of the gross domestic product, the Finance Ministry said Friday. more

24 feb 2012

Romania’s financing needs are forecast at EUR17.2 billion in 2012, slightly lower on the year, but the government is likely to borrow an extra EUR800 million to set up a buffer for unforeseen more