3 feb 2012

Jidvei, one of the largest winemakers on the local market, whose revenue stood at EUR18 million in 2010, set out to make EUR10.7 million investments in 2012. Its most important projects this year are more

2 feb 2012

Romania’s industrial producer price index inched up 0.4% in December from the previous month, backed by increases in most sectors, the country’s statistics institute INS said Thursday. more

2 feb 2012

The Austrian banks cut exposure to Romania by some EUR1.9 billion in the third quarter of 2011 compared with the mid-year level, due to pressures to reduce vulnerability to risk and consolidate their more

2 feb 2012

This year’s high-paying jobs (upwards of EUR1,000 a month) require candidates to be Polytechnic University graduates and speak German or French well besides English. IBM, Xerox, Oracle, Microsoft, more

1 feb 2012

Romanian foreign exchange reserves fell to EUR32.69 billion in January from EUR33.2 billion a month earlier, central bank data showed Wednesday. more

1 feb 2012

Franco-Belgian power operator GDF Suez will build a 48-megawatt wind farm in Romanian eastern locality of Gemenele, the company said in a statement Wednesday. more

1 feb 2012

Romanian safety equipment supplier Renania Wednesday reported a 21% increase in its sales to EUR22.2 million, just one notch below a record figure of EUR22.3 million recorded in 2008. more

1 feb 2012

Over 1,500 miners at the seven coal mines located in the Jiu Valley, southwestern Romania, staged a spontaneous protest Wednesday and refused to go down, while others barricaded themselves more

1 feb 2012

Romania’s Finance Ministry attracted the highest financing offer in dollars ever registered by a country in the region. more

1 feb 2012

Heads of state and of government in the European Union have sought once again in Brussels to prove to markets that they can work together to find solutions to the debt crisis. Politicians, among them more

1 feb 2012

Loans granted by Romanian banks for home acquisitions rose by EUR1 billion last year, reaching the equivalent of EUR7.75 billion, according to data from central bank BNR. more

31 ian 2012

Romania sold 10-year bonds worth $1.5 billion in its first auction on the American market in 16 years, at an annual yield of 6.875%, deputy finance minister Bogdan Dragoi said Tuesday. more

31 ian 2012

Romanian telecom regulator ANCOM will reduce mobile and landline telephony interconnection fees by more than 30% this year, meaning clients will be charged less for calls outside their network. more

31 ian 2012

Romania’s leu traded near 4.345 per euro by midday Tuesday and the central bank’s reference weakened to 4.3433 units, from 4.334 units a day earlier. more

31 ian 2012

Alfred C. Toepfer, one of the most powerful grain traders in Romania, is investing EUR6 million in Moldova Noua (SW of the country) where it will build its first greenfield project, a silo and a ship more

31 ian 2012

Producers of energy from renewable sources, such as wind, sun and water, last year collected over EUR95 million from green certificates received for the electricity delivered into the system. Green more

30 ian 2012

Romanian leading oil company OMV Petrom (SNP.RO) has increased natural gas imports to cover the growing demand on the local market due to below freezing temperatures, the company said Monday. more

30 ian 2012

Romania’s life insurance market registered growth last year and will follow a similar trend in 2012, representatives of local insurers said Monday. more

30 ian 2012

Romanian managers expect relative stability in the manufacturing sector and services, a moderate decline in retail, and a stronger drop in construction in the first quarter this year, a poll by the more

30 ian 2012

Raiffeisen Asset Management, with over EUR650 million in assets under management, estimates its assets will increase by several tens of million of euros this year, because of fierce competition from more

27 ian 2012

The Bucharest bourse shook off a slow start and ended up almost 2% Friday, and the composite index touched a three-month peak, despite a weakening trend on the international markets after more

27 ian 2012

Romania's car park grew last year by 1.17% to 5.48 million vehicles, including 4.323 million passenger cars, 0.36% higher than in 2010, according to the data released by the Driving License and more

27 ian 2012

Board members at state-run companies will be chosen by independent human resources experts, the annual and six-month financial reports will be published on corporate websites, as will the salaries of more

27 ian 2012

The costs at which banks borrow from one another have fallen significantly in the past few weeks thanks to the abundant liquidity on the interbank market and clients whose interest rates are being more

26 ian 2012

Romania's budget deficit narrowed to 4.35% of the gross domestic product in 2011, from 6.5% of GDP a year earlier, the Finance Ministry said Thursday. more