26 ian 2012

The biggest auction for mobile communications licenses ever organized by the Romanian government and scheduled for this year could generate EUR0.5 billion in revenue for the state budget from Orange, more

26 ian 2012

Bankruptcy has not affected many major businesses in the past three years, only around 20, shows a ZF review of the biggest bankruptcies in the past three years. more

26 ian 2012

Cheap cameras priced at EUR100 at the highest, accounted for about 60% of the 250,000-300,000 cameras sold in Romania last year, said Petronius Secareanu, general manager of the local operations of more

25 ian 2012

Romanian tax authority ANAF must refund in five days the money seized through distraint orders which exceeds contributors’ debts to the state, the Government said in a press release Wednesday. more

25 ian 2012

The Romanian Government's plan to suspend for five years its creditors' right to seize or place distraint on shares in state companies is in breach of the Constitution and of EU law, and will result more

25 ian 2012

Romanian Environment Minister Laszlo Borbely informed the Government Wednesday about his plan to suspend for one year the application of the pollution tax upon the first sale of cars registered in more

25 ian 2012

Romanian private lending rose 3.3% in real terms to 223 billion lei (EUR51.3 billion) in December 2011 compared with the same month a year earlier, central bank (BNR) data showed Wednesday. more

24 ian 2012

Romania's Trade Registry Thursday said 19,651 companies filed for insolvency in the 2011, down 10% from 21,700 companies in the year before. more

24 ian 2012

Deposits at Romanian banks climbed by almost EUR10 billion in the past three years, as customers adjusted their financial behavior to the economic crisis. more

24 ian 2012

The number of Visa cards in circulation in Romania grew by 4.5% in the fiscal year ending in September 2011, to 6.85 million, while the value of POS transactions increased by around 30%, the company more

24 ian 2012

Philip Morris Romania, one of the top three cigarette producers in Romania, said it is investing EUR1 million to upgrade its production facility in Otopeni, near capital Bucharest. more

24 ian 2012

Pawel Musial, chief executive of store network Profi held by private equity firm Enterprise Investors, says that private labels could come to account for 20% of the company’s sales by the end of more

24 ian 2012

Pharmaceuticals distributor Farmaceutica Remedia (RMAH.RO), controlled by businessman Valentin Tarus, budgeted revenues of about EUR60 million for 2012, up 20% on the year. more

24 ian 2012

Bankers did not rush to adjust their offers in line with the lending rules enacted by the central bank last fall and tried to make the most of the ninety-day time they had been given to draft new more

23 ian 2012

Romania’s leu traded just shy of 4.35 per euro by midday Monday and the central bank’s reference strengthened modestly to 4.3463 units, from 4.3473 units in the previous session. more

23 ian 2012

Austrian group Wienerberger, one of the world’s largest brick systems makers and the largest producer of its type in Europe, announced plans to build a plant in northeastern Romania, with an more

23 ian 2012

Nobody knows which came first, but we know the latest ones to leave. Esprit, Etam and Celio join the ranks of fashion retailers leaving the local market. They are not the only ones, but they are the more

23 ian 2012

Share investment funds generated yields of up to 8.3% at the beginning of this year, helped by the increases registered by the stock market, after having been the laggards of the fund market in 2011, more

23 ian 2012

Agricola Bacau, one of the largest players on the local poultry meat market, targets a 10% increase in turnover this year, half as much as 2011’s growth rate. more

20 ian 2012

Romanian state-owned power distributor Electrica plans to sell the shares it owns in companies detached from Electrica Muntenia Sud, a subsidiary sold to Italian utility group Enel. more

20 ian 2012

Recruiting firms Spencer Stuart and Egon Zehnder International have filed bids to search executives for Romanian state-run companies Hidroelectrica, Oltchim (OLT.RO), Electrica Furnizare and Romarm, more

20 ian 2012

Thousands of Romanians rushed to buy gold in the last few years, attracted by price increases and the hope of big and sure gains, but bank fees end up eating almost their entire profit. more

20 ian 2012

The Romanian economy returned to positive territory last year, after two years of recession, but the growth of the gross domestic product was not felt by the people, as signs of a consumption rebound more

20 ian 2012

More than 30,000 jobs have been advertised on the best-known recruitment sites since the beginning of the year. The most dynamic employers are those in the IT, outsourcing and automotive sectors, as more

19 ian 2012

President Traian Basescu on Thursday said that one of Romania’s priorities is energy security, adding gas projects Nabucco and AGRI remain prime objectives. more