16 dec 2011

The relaxed lending terms in the past and the decline in the customers’ incomes during the crisis are now putting pressure on the banks’ portfolios, and bankers are seeing fewer and fewer more

15 dec 2011

Romania's five regional investment funds, or SIFs, skyrocketed as soon as they were back to trading on the Bucharest bourse, after the Parliament raised the maximum ownership limit in the funds to 5%, more

14 dec 2011

Romania’s economic growth will likely slow down to 0.5% in 2012, from 2% predicted for this year, due to new austerity measures and external pressures, the Economist Intelligence Unit said in its more

14 dec 2011

More than half of Romanians aged 16 to 74 have never used the Internet and less than one third of Romanian households have access to broadband Internet connection, according to the EU’s statistics more

14 dec 2011

Life insurance policyholders redeemed 287 million lei (EUR65.9 million) worth of policies in the first nine months of the year, down 5% from the same time of 2010, show insurance regulator CSA data. more

13 dec 2011

Romanian authorities will continue to lay off staff at coal mining company SNLO, cease underground activity, remove positions created through direct employment and send staff into furlough, while also more

13 dec 2011

Romanian foreign direct investment, or FDI, fell 43.8% on the year to EUR1.31 billion in the first ten months, the central bank said Tuesday. more

13 dec 2011

Romania's current account deficit narrowed 9.5% to EUR4.097 billion in January to October, from a gap of EUR4.53 billion in the year-earlier period, due mainly to shrinking trade deficit, central bank more

13 dec 2011

On a retail market where the battle is fought with prices only, the private labels of the major companies, either unknown or avoided by Romanians until not so long ago, are gaining ground so that more

13 dec 2011

McDonald’s, leader on the Romanian restaurant market, will open its first restaurant in an office building over the next few days, in America House, which already accommodates City Grill, Starbucks, more

12 dec 2011

Romania’s leu lost early gains versus the euro by midday Monday and the central bank’s reference weakened slightly to 4.3409 units, from 4.3397 units in the previous session. more

12 dec 2011

Moody’s Investors Service Monday warned Romanian banking system could come under increasing pressure due to the escalation of the European banking and sovereign debt crisis. more

12 dec 2011

The ranking of companies with the biggest losses of value in crisis is topped by players in the banking and energy sector, according to the “Top 100 most valuable companies in Romania” yearbook more

9 dec 2011

The Romanian Economy Ministry will sell a 15% stake in natural gas producer Romgaz by end-June 2012, according to the government’s latest letter of intent to a EUR3.5 billion loan agreement with the more

9 dec 2011

Romanian authorities have no information showing Romania hosted CIA secret detention centers on its territory, Foreign Affairs Ministry spokesperson Doris Mircea told a news conference Friday. more

9 dec 2011

Libra Bank, a small bank specializing in services for professionals, was put at 120 million lei (EUR27.6 million) in a deal through which U.S. investment fund Broadhurst Investments bought 7% in it more

9 dec 2011

Engineering design companies, which are the starting point of huge projects, such as highways and large hydro-power stations, will have a better performance this year than in 2010, writes Business more

9 dec 2011

The ranking of Romanian banks at the end of September indicates a few changes in the top 10 by assets, but the banks’ balance sheets, the quality of loans and of clients, and the daily activity are more

8 dec 2011

Software providers will continue hiring in 2012 and the number of new jobs is to climb 13.4% compared to this year, according to a survey conducted by the Romanian Association of Employers in the more

8 dec 2011

The transit deal for Russian natural gas on Romanian soil has been extended by another year, until the end of 2012, Thursday said Elisabeta Ghidiu, strategy and corporate management head within more

7 dec 2011

Romanian energy regulator ANRE Wednesday said natural gas tariffs for industrial consumers will grow by 5% as of January 1, due to costlier imports. more

7 dec 2011

Romanian government will give notice of cancellation by year-end to all companies that signed bilateral deals with state-run energy producer Hidroelectrica outside the energy market OPCOM, according more

7 dec 2011

The price of natural gas for industrial consumers will grow by another 5% starting January 2012, under an agreement concluded between the Government and the International Monetary Fund. more

7 dec 2011

Romanian power output rose 1.9% on the year to 19.47 million tons of oil equivalent in the first ten months, fueled by higher production in most sectors, official data showed Wednesday. more

7 dec 2011

Romanian construction works fell 1.5% on the month in October, after a 1.3% increase in September, the statistics institute INS said Wednesday. more