5 oct 2011

Romania’s leu traded in narrow ranges against the euro by midday Wednesday and the central bank’s reference strengthened for the third day to 4.3144 units, from 4.3159 units Tuesday. more

5 oct 2011

Romanian telecom regulator ANCOM plans to auction off four 4G communication licenses through a competitive selection procedure in the second half of 2012, ANCOM president Catalin Marinescu told more

5 oct 2011

The architecture and design market had its glory days between 2006 and 2008, simultaneously with the construction segment, and will not return to similar values in less than five years’ time, say more

5 oct 2011

Romania’s funding needs will remain high next year, as UniCredit analysts estimate it will reach EUR22.4 billion, EUR5.7 billion (34%) higher than this year. more

4 oct 2011

Romania’s pharmaceutical industry could lose 842 million lei (EUR195 million), which means a 30% shrinking of the market, following the implementation of the new clawback tax, according to a survey more

4 oct 2011

Romanian leu lost part of its early winnings versus the euro by midday Tuesday, but the central bank’s reference strengthened for the second consecutive day to 4.3159 units, from 4.3222 units more

4 oct 2011

About 160,000 Romanians took out loans to refinance or consolidate debt with a cumulated value of more than EUR850 million (3.6 billion lei) from June last year through May 2011. The number of such more

3 oct 2011

The average asking price for apartments in Romania rose 1.6% on the month in September, but it still is 5.1% lower on the year, real estate website www.imobiliare.ro said Monday. more

3 oct 2011

Romania’s Finance Ministry is getting ready to redo next year’s budget draft after the International Monetary Fund has announced the halving of the economic growth forecast to about 2%, and state more

30 sep 2011

Mortgage lending recorded another month of growth in August, with the overall volume of loans climbing at the equivalent of EUR7.3 billion, helped by funding available through the state-guaranteed more

29 sep 2011

Romania’s leu edged lower versus the euro by mid trade Thursday and the central bank’s reference weakened to a fresh 15-month low of 4.3218 units, from 4.321 units a day earlier. more

29 sep 2011

Romania’s central bank Thursday left its main interest rate at a record low of 6.25% a year for the eleventh straight time, dampening hopes for a monetary easing to help bolster lending. more

29 sep 2011

Cell phone sales in Romania increased in the first eight months and the full-year growth will reach 5% to 10%, estimates Dan Stefanescu, general manager and owner of cell phone distributor Gersim more

28 sep 2011

Romania will apply the car pollution tax currently in effect until 2013, Environment Minister Laszlo Borbely said Wednesday at a conference organized by the Foreign Affairs Ministry. more

28 sep 2011

Romania's Regional Development and Tourism Ministry wants the Danube to be promoted internationally through its own tourism brand, created through a European project. more

28 sep 2011

The car market continues to grow in the second half of the year, but companies no longer expect a “last minute” recovery of sales, not even supported by the car scrap scheme. more

27 sep 2011

German-held group Intersnack, the producer of Chio chips and one of the largest companies on the Romanian snacks market, has annual contracts of EUR2.5 million with 30 domestic suppliers to secure its more

27 sep 2011

The newest “battles” on the Romanian retail market will be fought in Arad, Oradea and Constanta this autumn, where new malls are set to be opened. Four consultants inquired by ZF say, though, that more

27 sep 2011

Romanian overdue private loans rose 2.2% on the month to 20.18 billion lei (EUR4.68 billion) in August, equal to 9.27% of the total lending, central bank BNR data showed Tuesday. more

27 sep 2011

Romania has imported natural gas worth a total $8.5 billion between 2004 and 2010, which is “a lot”, Tuesday said Dumitru Chiselita, gas sales director within state-owned gas producer Romgaz. more

26 sep 2011

Marius Moise, an entrepreneur trained in marketing, set up his own business after persuading several companies with a minimum energy consumption of 50 MWh/year to change their supplier of electricity more

26 sep 2011

Romania’s consolidated budget posted a deficit of 12.97 billion lei (EUR3.01 billion) in the first eight months, equal to 2.4% of the gross domestic product, Finance Ministry data showed Monday. more

26 sep 2011

Banks had a harder time finding clients to whom to lend money in the last summer month, so that the volume of loans to individuals and companies rose by just EUR140 million in August, four times less more

26 sep 2011

Data on the wages and types of employment contracts of over 4.2 million Romanian employees will have to be introduced in a new electronic register by the end of October, according to a Government more

26 sep 2011

More than 71% of unsecured consumer loans granted to young people aged between 18 and 25 had gone sour by late June; this is the client category causing bankers the biggest headache, central bank more