24 feb 2012

Bucharest and Kiev are the only Central and Eastern Europe capitals that saw new flat prices go up in the final quarter of 2011, with apartment prices in Bucharest going up 5% according to a survey by more

23 feb 2012

Romania’s Competition Council on Thursday approved the creation of the Oltenia thermal power producer, which clusters state-owned units Craiova, Rovinari, Turceni and coal company SNLO. more

23 feb 2012

Romania’s leu edged higher against the euro by midday Thursday and the central bank’s reference strengthened modestly to 4.3557 units, from 4.3602 units a day earlier. more

23 feb 2012

The European Commission revised its forecast on Romanian economic growth to 1.6% in 2012 from 2.1% previously, saying it expects growth to be negatively affected by uncertainties in the financial more

23 feb 2012

Romanian private lending fell 0.6% in real terms to 222.5 billion lei (EUR51 billion) in January compared with the previous month on the back of a decrease in leu-denominated loans, central bank data more

23 feb 2012

The Romanian website of the International Monetary Fund was attacked by hackers Thursday morning, two days after a similar attack against the website of local energy regulator ANRE. more

22 feb 2012

Current gas prices in Romania create an unsustainable situation that could impact investment on this segment, including the activity of the thermal power producer built by OMV Petrom (SNP.RO) in more

22 feb 2012

Premiums underwritten by insurers that make up the National Union of Insurance and Reinsurance Companies in Romania (UNSAR) fell 6% last year to 6.5 billion lei (EUR1.5 billion) due to a 9% drop in more

22 feb 2012

Deposits in Swiss francs generated gains of almost 70% for the customers who bet on this currency in 2008, when a franc was traded for an all-time low of 2.2 lei, but bankers say few customers bet on more

22 feb 2012

Bankers manage to get back only 30% of unsecured consumer loans that default, with the rest amounting to losses, according to a study by the Romanian central bank BNR, conducted on a quarterly basis more

22 feb 2012

The European bank deleveraging in Romania and the escalation of the sovereign debt crisis are the external risks Romania will continue to face, warn the analysts of Deutsche Bank, the largest German more

21 feb 2012

Romanian state-owned thermal power producer Craiova will receive guarantees worth a total EUR62.4 million from Eximbank, in the form of guarantee letters, for two loans needed for environment works, more

21 feb 2012

Most Romanian Internet users in urban areas are willing to purchase products from brands other than those they were initially interested in, after searching for information online, according to a more

21 feb 2012

The Romanian Government plans to ban the use of radar detectors, allow driving without a license, but only on certain roads, at specific time intervals and while accompanied by a driving supervisor, more

21 feb 2012

Rondocarton, which owns corrugated cardboard plants near Romanian cities Cluj and Targoviste could become one of the suppliers of Italy’s De'Longhi SpA, which has recently announced an investment in more

20 feb 2012

Romanian used car dealer Tiriac Autorulate on Monday said nearly 95% of the company’s legal entity customers chose last year to buy cars via financial or operating lease system. more

20 feb 2012

“It’s become common practice for human resources professionals to include a screening of social media profiles in their evaluations of job applicants. And there are more and more cases where job more

20 feb 2012

Biofarm (BIO.RO) was the most profitable pharmaceuticals company on the Bucharest stock exchange last year. Despite a two-percentage point drop in net profit margin to 15.5%, the drugmaker surpassed more

17 feb 2012

Romanian natural gas producer Romgaz Medias Friday said its gas imports increased by 40% in the first half of the month to meet the growing demand following extremely cold temperatures. more

17 feb 2012

The Romanian banking system, which consists of 41 banks, took a tentative step forward in 2011, managing to increase its assets by 3.5% and cut its aggregated loss from 516 million lei (EUR118.6 more

17 feb 2012

Demand for IT equipment and solutions, such as servers and storage systems, started to rebound in Romania last year after an investment freeze both by private companies and by the public sector, more

16 feb 2012

Reforming Romania’s healthcare system is a complex and long-lasting process, which must be based on economic efficiency, involving both public budgets and the private sector, Theodor Alexandrescu, more

16 feb 2012

Romania’s Competition Council is looking into allegations that 11 construction companies have rigged bids for public works contracts on roads in capital Bucharest. more

16 feb 2012

The good news of Romania’s 2.5% gross domestic product growth last year is clouded by the prospects of a new recession, as a GDP decline is expected for the first quarter of 2012. more

16 feb 2012

Romanian banks charge up to 5% higher margins on loans in lei than Polish and Czech banks do on loans in their local currencies. Loans in lei are much more expensive even though interbank interest more