28 mai 2013

Romanian insurance broker Safety Broker Tuesday said it estimates to broker premiums of EUR45 million in 2013, over 20% higher from 2012. more

28 mai 2013

Romanian executives estimate all economic sectors will see higher activity levels in the May-July period compared with the previous three months, the statistics institute INS said in a survey Tuesday. more

28 mai 2013

Private equity firm Enterprise Investors, which operates in Central and Eastern Europe, has created a new fund, Polish Enterprise Fund VII (PEF VII), which has EUR314 million at disposal to finance more

27 mai 2013

Romania’s public debt climbed at 252 billion lei (EUR57 billion) in March, which is higher by RON11.5 billion from December 2012, due to large amounts borrowed mainly from the domestic market. more

24 mai 2013

Beer sales in Romania rose 14% in the first three months of 2013, to 3 million hectoliters, the highest quarterly growth in six years, according to a ZF analysis based on data from the statistics more

23 mai 2013

The number of television services subscribers in Romania increased 5% in 2012 to 6.03 million, of which nearly two thirds are cable television subscribers, telecom regulator ANCOM said in a statement more

23 mai 2013

Romanian state-run energy holding CE Oltenia is likely to raise over EUR100 million in its planned initial public offering of 12% of its shares, the company’s general manager Laurentiu Ciurel said more

23 mai 2013

One must pay tens and even hundreds of thousands of lei to become investor in a closed-end fund, which puts clients’ savings in real estate, energy projects, financial derivatives or works of art. more

22 mai 2013

Romanian milling and bakery company Boromir Prod Buzau (SPCU.RO) reported first-quarter turnover of 24.63 million lei (EUR5.6 million), down 12.5% on the year. more

22 mai 2013

Romanian insurer Carpatica Asig Sibiu said Wednesday it underwrote premiums of 125.9 million lei (EUR28.9 million) in the first quarter of 2013, up 95.4% from the same period in 2012. more

22 mai 2013

The number of fixed-line broadband connections rose 7.9% on the year to 3.5 million in 2012, and the broadband penetration rate per 100 inhabitants reached 18.6%, higher by 1.4 percentage points from more

22 mai 2013

Sales of modern retail chains in Romania saw a 3% increase to EUR6.77 billion in 2012, backed by the opening of more than 100 new stores. Although total sales saw a slight increase, sales per store, more

21 mai 2013

The Romanian Government has increased the Health Ministry’s budget by more than 76 million lei (EUR17.4 million) so that the arrears amassed by public hospitals subordinated to local authorities can more

16 mai 2013

Pharmaceutical company Zentiva Romania (SCD.RO), part of the Sanofi group, Thursday said it will invest 10.7 million lei (some EUR2.5 million) this year in production facilities and equipment, more

16 mai 2013

Romanian brick maker Cemacon (CEON.RO) Thursday said its first-quarter turnover rose 81% on the year, to 6.6 million lei (EUR1.5 million), while its loss shrank by 12% to RON2.5 million, due to more

16 mai 2013

Romanian Romaqua Group has invested over 200 million lei (EUR46.1 million) over the past five years in its brewery in Sebes, central Romania, where it makes 60,000 liters of beer per hour, the company more

15 mai 2013

Pharmaceutical wholesaler Farmexpert reported 1.1% lower revenues in the 2012/2013 fiscal year, ended March 31, down to GBP375 million (EUR443 million euro), according to data from parent British more

15 mai 2013

Romanian power grid operator Transelectrica (TEL.RO) will set up an auction, at the end of June, in order to contract private health insurance services for its employees. more

15 mai 2013

Romanian rubber bands maker Artego Targu Jiu (ARTE.RO) said its first-quarter revenues dropped by 10.5% on the year to 47.8 million lei (EUR11.03 million), from RON53.4 million in the year-earlier more

14 mai 2013

Prysmian Slatina has opened Tuesday the first unit for the production of fiber optic cables, following an investment evaluated at EUR10-EUR15 million. more

14 mai 2013

Romania’s privatization authority AAAS plans to sell its minority stakes in 81 companies this year, authority head Adrian Constantin Volintiru said Tuesday. more

14 mai 2013

Romanian meat producer and distributor Carmolimp has opened a new restaurant in central city of Brasov, called Beraria Ciucas, following an investment of EUR500,000. more

13 mai 2013

Romania may not be able to use the European Union funds it was allocated for the 2014-2020 period unless it draws up and implement by the end of 2016 a strategy meant to enhance its administrative more

8 mai 2013

Some 61% of Romanian company managers believe that corruption is widely spread in business in Romania, according to a survey conducted by Ernst&Young (E&Y). more

3 mai 2013

Romania, Latvia and Lithuania are “evident candidates” for exiting the European Union’s excessive deficit procedure, European Commissioner for Economic and Monetary Affairs Olli Rehn told a more