22 nov 2011

The Romanian leu traded just shy of 4.36 per euro in mid-session Tuesday and the central bank’s reference strengthened modestly to 4.3588 units, from a 17-month low of 4.3608 units a day earlier. more

21 nov 2011

Contractors have started the design stage of the projects for the upgrade of 216 km of county roads and 1,495 km of local roads, through the National Infrastructure Development Program (PNDI), more

21 nov 2011

Romania was the biggest positive surprise in the region given the 4.4% economic growth it recorded in the third quarter, note analysts of Barclays Capital, the investment division of one of the more

18 nov 2011

Romanian banks reported a combined net loss of 860 million lei (roughly EUR200 million) in the third quarter, versus a profit of RON95.4 million a quarter earlier, banking sources said Friday. more

18 nov 2011

Two Romanian chocolate makers have joined forces to cope with competition from multinationals: Kandia – a brand that has been around for 120 years in a confectionery market that switched from lack more

17 nov 2011

MobilRom and MobiFon, the current Orange and Vodafone, which launched something that was to become a revolution on the local market, GSM cellular telephony, will see their operating licenses expire more

17 nov 2011

Most analysts have revised or are preparing to revise upwards their forecasts for economic growth for this year by around one percent point, towards 2.5%, after above-expectations data were announced more

17 nov 2011

The five stock-exchange listed companies in the pharmaceutical sector recorded profit declines in the third quarter. The three drug manufacturers, Antibiotice, Zentiva and Biofarm, also saw turnover more

16 nov 2011

Bucharest ranks 24th in a chart of European shopping destinations, having low prices as its strongest suit and shops, culture and climate as its weakest, according to a survey by the Economic more

16 nov 2011

Most Romanians choose a loan offer according to the effective annual percentage rate (APR, called DAE in Romania), but one third do not know what this rate means and more than half have the wrong idea more

16 nov 2011

Romania’s leu retreated against the euro by midday Wednesday and the central bank’s reference lost almost 0.2% on the day to 4.3565 units, the lowest rate in two weeks. more

15 nov 2011

Over one third of Romanians blame the West for the economic crisis and the population’s support for democracy and free markets decreased over the past five years, according to a report published more

15 nov 2011

Unemployment remained low in Romania in 2008-2010, compared with the levels recorded in Central Europe and the Baltic states, mainly because unemployment was relatively low even before the crisis and more

15 nov 2011

Romania's current account deficit narrowed 10.8% to EUR3.79 billion in the first nine months, from a gap of EUR4.25 billion in the year-earlier period, due mainly to shrinking trade deficit and higher more

15 nov 2011

Romanian economy expanded by 1.9% in the third quarter, after a modest recovery of 0.2% three months earlier, a flash estimate of the country’s statistics institute showed Tuesday. more

15 nov 2011

The Romanian government will provide over EUR10 billion through a support scheme for green energy projects, but has no certainty that this money, which will be paid through individuals’ and more

14 nov 2011

A series of investors in renewable energy decided to give up EU funding to finance their projects, and chose the green certificate support scheme, which gives them higher profit and frees up EU funds more

14 nov 2011

The Romanian leu kept early gains versus the euro Monday, and the central bank computed an exchange rate of 4.3448 units, slightly stronger from 4.3479 units in the previous session. more

11 nov 2011

Romanian new car registrations rose 13.8% on the month to 7,828 units in October, but were down 5.5% from 8,281 units in the year-earlier period, Interior Ministry data showed Friday. more

11 nov 2011

Electrica, the only electricity distribution and supply company still in the portfolio of the Romanian state, says it has to recoup RON1.6 billion (EUR380.9 million) from companies to which it more

10 nov 2011

The European Commission revised its forecast on Romanian economic growth to 2.1% in 2012 from 3.7% previously, citing worsening conditions in EU markets. more

10 nov 2011

Romania’s inflation rate rose to 3.55% in October, ending a four-month drop as prices increased across the board. more

10 nov 2011

Past due payments on individual loans exceeded the 7 billion lei (EUR1.6 billion) mark in September, rising 42% in the past year. The volume of overdue household loans tripled against September 2009. more

9 nov 2011

Romania’s trade deficit narrowed slightly to EUR6.89 billion in the first nine months of 2011, from EUR6.98 billion in the same period a year ago, the country’s statistics institute INS said more

9 nov 2011

Tens of thousands of clients have continued to cancel life insurance policies this year, with the value of policies redeemed early climbing 20% in the first six months, to 233 million lei (EUR53.5 more