6 dec 2011

Romanians are highly discontented with the Romanian healthcare system and the way it is managed, according to a research conducted by IRIS Network in 28 countries. more

6 dec 2011

The number of phone cards and subscriptions for mobile telephony services in Romania fell 3.2% in the first six months of the year to 23.6 million at the end of June, which caused the penetration rate more

6 dec 2011

Nearly 30% of Romanian internet users in urban areas have shopped online during the past year, and the bulk of online shoppers are aged 18-24, according to a survey by market research company GfK more

6 dec 2011

Romania’s third quarter gross domestic product grew by 1.8% in seasonally adjusted terms compared with the previous three months, slightly less than previously estimated, revised data from the more

6 dec 2011

Verona, Berlin, Palma de Mallorca, Venice and Catania are the main destinations airlines rely on for growth in 2012, but the increasingly fiercer competition in the business might lead to even more more

5 dec 2011

Romania will sell minority stakes in key state-run companies such as Transelectrica (TEL.RO) and Transgaz (TGN.RO) only if it can get the “best price”, Economy Minister Ion Ariton said Monday. more

5 dec 2011

Romania’s leu traded in narrow ranges against the euro by midday Monday and the central bank’s reference gained modestly to 4.353 units, from 4.3535 units in the previous session. more

5 dec 2011

US private equity fund First Reserve and Spain’s Renovalia Energy have established a joint venture to own and operate wind projects in North America and Europe, including Romania. more

5 dec 2011

Romanian adjusted retail sales rose 2% in October compared with a month earlier, largely fueled by a 12.3% increase in delivery orders and online sales, the statistics institute INS said Monday. more

5 dec 2011

Loans have become more expensive in the last few months after Romanian banks had steadily cut interest rates in the first half of the year, both for loans and for deposits. more

5 dec 2011

The government will pay EUR250,000 to the headhunter that will find the right manager for Hidroelectrica, the most valuable asset of the Economy Ministry, valued at EUR3.49 billion. This figure was more

5 dec 2011

The sovereign debt crisis caught the most important 50 companies on the Bucharest Stock Exchange with cash reserves that stood at 4 billion lei (EUR910 million) on September 30. Their short-term debt, more

2 dec 2011

Romanian net investments rose 15.3% to 16.65 billion lei (EUR3.82 billion) in the third quarter from the year-earlier period, on increasing activity across the board, the country’s statistics more

2 dec 2011

Wood processing companies are optimistic about 2012 and either have investments in progress such as Egger or are thinking about expanding production capacity, such as Austria’s Kronospan intends to. more

1 dec 2011

The local subsidiaries of Greek financial groups lost deposits with a cumulated value of EUR300 million in the third quarter, despite the fact that they pay the most generous interests on the market. more

30 nov 2011

Mobile licenses of Orange Romania and Vodafone Romania will be extended until April 2014, when the license of mobile operator Cosmote Romania in the 900 MHz and 1800 MHz bands also expires, according more

30 nov 2011

The local retail market, which had a little over 88,000 stores at the end of last year, has lost some 6,500 stores over the past four years in traditional retail alone. Although communist-era kiosks more

28 nov 2011

Romania’s leu advanced versus the euro by midday Monday and the central bank’s reference strengthened modestly to 4.3587 units, from a 17-month low of 4.362 units in the previous session. more

28 nov 2011

Companies that went insolvent in Romania by the end of October this year have a cumulated turnover of 12.7 billion lei (some EUR3 billion), compared to RON15.7 billion in the same interval of the more

28 nov 2011

Romania’s consolidated budget posted a deficit of 13.3 billion lei (EUR3.05 billion) in the first ten months, equal to 2.4% of the gross domestic product, Finance Ministry data showed Monday. more

24 nov 2011

Romania registers the lowest obesity rate in the European Union, of 8% for women and 7.6% for men, reveals a Eurostat research published Thursday by the European Commission. more

24 nov 2011

Romanian private lending fell 0.8% in real terms to 221.03 billion lei (EUR50.7 billion) in October from a month earlier, central bank data showed Thursday. more

24 nov 2011

Investors bet over EUR350 million on new malls and the expansion of existing projects this year. Openings also show in the ranking of cities by retail area per capita. more

23 nov 2011

Risk premiums in the region have jumped again, local financial markets have contracted and a wave of catastrophic predictions about euro zone banks cutting their financing shook Central and Eastern more

22 nov 2011

Romanian receivable management market is likely to reach approximately 300 million lei (EUR68.8 million) in 2012, from around RON230 million estimated for this year, receivable management company EOS more