8 nov 2011

Shares of the five Romanian regional investment funds, or SIFs, opened sharply higher Tuesday, after a Parliament committee voted in favor of raising the maximum ownership limit in the funds to 5% more

8 nov 2011

Romanian power output rose 2.4% on the year to 17.49 million tons of oil equivalent in the first nine months, fueled by higher production in most sectors, official data showed Tuesday. more

7 nov 2011

Romania’s central bank Monday revised downward foreign direct investment data for 2010 to EUR2.22 billion, compared with EUR3.5 billion in the previous year. more

7 nov 2011

Only 8.4% of mobile users in Romania own smartphones, compared to an average 14% in Central and Eastern Europe, according to a survey conducted by GfK in May-July 2011. more

7 nov 2011

Romanian leu’s exchange rate has reached a state of equilibrium against the euro, which should be sheltered from any rash measures, central bank’s governor Mugur Isarescu said Monday. more

7 nov 2011

Romanian central bank’s inflation projections for 2012 are based on an economic growth slightly higher than 2%, governor Mugur Isarescu said Monday. more

21 oct 2011

The Romanian Development Ministry awarded a 516.5 million lei (EUR119.3 million) contract to consortium Garden Center Grup - Grant CPC - Delta ACM 93 - Geca Impex PM to upgrade roads in counties Salaj more

21 oct 2011

Enel Green Power, a unit of Italy’s utility Enel, Thursday said it has completed the construction of a 70 MW wind farm in Tulcea, southern Romania, increasing its total installed capacity in the more

21 oct 2011

Mandatory private pension funds have sheltered from the sovereign debt crisis by investing preponderantly in government bonds, seeking to offset the significant losses recorded by shares, as well as more

20 oct 2011

Romanian lender BRD-Groupe Societe Generale (BRD.RO) Thursday revised downward its forecast on the economic growth to 2.1% in 2012, from 2.8% previously, citing declining contributions from farming more

20 oct 2011

The Romanian leu has lost some ground against the euro in the past months, as investors are reluctant to bet on risky assets, but the national currency fell at a slower pace compared to its neighbors, more

20 oct 2011

Romania dropped seven positions in the World Bank’s annual report Doing Business ranking 72nd among 183, mainly because it now asks for a tax clearance certificate for a new company’s more

20 oct 2011

Over a third of stock exchange-listed companies have had average daily transactions of less than 5,000 lei (EUR1,150) per day in 2011, with ten of these companies unable to reach even the RON500 per more

20 oct 2011

Companies increased their deposits in foreign currency held in foreign bank branches by the equivalent of 2.8 billion lei (some EUR660 million) in the third quarter, while the institutions operating more

19 oct 2011

Only 5% of the purchases made on eMAG.ro are paid by card and this figure will not change significantly in the future, because the banks discourage the use of this payment instrument, said Radu more

19 oct 2011

The average wealth of a Romanian rose by around 12% on the year to $13,987 in 2011, ranking the country 59th in a global chart by investment bank Credit Suisse AG. more

19 oct 2011

The only trend seen by energy prices is upwards, but mechanisms need to be found to protect vulnerable consumers, Eric Stab, country manager for Romania within GDF Suez, said Wednesday. more

19 oct 2011

The increase in diesel fuel prices comes from increased demand for this product, as Romania produces less of this fuel than it consumes, Wednesday said Mariana Gheorghe, chief executive officer of oil more

19 oct 2011

France’s Filasa International plans to build 11 wind farms with a total capacity of 516 MW in the Romanian northeastern county of Suceava by 2014, local authorities said Wednesday. more

19 oct 2011

Car sales posted a small increase in the third quarter for the first time in three years, but the European economic situation is far from encouraging Romanian dealers. Whereas few months ago they more

18 oct 2011

The European Bank for Reconstruction and Development cut the economic growth forecast for Romania, in 2012, by 2.7 percentage points, to 1.1%, citing the high exposure to the Greek economy. more

17 oct 2011

Romanian private healthcare provider Romgermed on Monday launched its 18th laboratory, in Bucharest, following an investment of EUR500,000. more

15 oct 2011

Graduating a prestigious managerial training program, taking part in business events, getting exposure in the relevant media, drawing up well-argued reports, making predictions that come true, as well more

14 oct 2011

Romanian central bank bought foreign treasuries worth 117.8 billion lei (EUR27.9 billion) in the first eight months, equal to roughly 76% of the overall international reserves. more

13 oct 2011

The government’s latest bid to reorganize the national energy system, through the creation of complexes Oltenia and Hunedoara, is seen by specialists as a better idea than the two previous ones, more