19 mar 2013

The number of micro-enterprises in Romania going insolvent over the past two years has grown by 14.5% annually, accounting for 85% of overall business insolvencies in 2012, compared to 78% in 2010, more

15 mar 2013

President Traian Basescu said Friday, at the end of the European Council meeting, that upcoming talks in the European Parliament (EP) as regards making European funds more flexible will allow Romanian more

14 mar 2013

Romania’s factoring market grew by 12.8% to EUR2.92 billion on the year in 2012, due to a 16% increase in internal factoring operations and a 23.5% advance in import factoring operations, according more

12 mar 2013

The average sale price of new and old apartments in five Romanian cities increased by 0.5% on the month in February and by 1.3% from February 2012, real estate website imobiliare.ro said in a more

12 mar 2013

The capital of the foreign-held banks in Romania amounted to 19.7 billion lei (EUR4.5 billion) at the end of last year and accounted for almost 80% of the total capital of the banking system, more

12 mar 2013

After three years and over EUR3 billion investments in 2,000 MW of wind energy, Romania is polluting more than it did before the 800 turbines were put in place. more

6 mar 2013

Romanian e-business solutions provider Softelligence on Wednesday said its turnover rose over 40% to EUR1.52 million on the year in 2012. more

5 mar 2013

The European Union is providing funds worth 14.2 million lei (EUR3.2 million) for a project meant to boost the Romanian Transport Ministry’s capacity to elaborate a general strategy in the sector of more

5 mar 2013

Professional managers interested in running Romanian state-owned electricity supplier Electrica SA, power company Complexul Energetic Hunedoara and power grid operator Transelectrica have until April more

28 feb 2013

Romanian company THR Marea Neagra (EFO.RO) plans to contract two credit lines worth a total 15 million lei (EUR3.4 million) and will pledge five hotels as collateral. more

28 feb 2013

Romanian electric and electronic equipment maker Electromagnetica Bucuresti (ELMA.RO) on Thursday said its gross profit rose 4.4% to 18.42 million lei (EUR4.1 million) in 2012, compared to RON17.63 more

22 feb 2013

The European Commission expects Romania’s unemployment rate to reach 6.9% in 2013 and 6.8% in 2014, according to the Commission's winter forecast report unveiled Friday. more

22 feb 2013

Romanian aluminum processor Alumil Rom Industry (ALU.RO) Friday said its sales declined 7.4% to 68.5 million lei (EUR15.4 million) on the year in 2012. more

21 feb 2013

The net assets of Romanian mandatory (Pillar II) and voluntary (III) private pension funds reached 10.61 billion lei (EUR2.41 billion) at the end of January, up 3.62% from December 2012, private more

21 feb 2013

Romania President Traian Basescu on Thursday passed the laws regulating the state budget and the social security budget for 2013. more

21 feb 2013

Romania’s state-owned postal company Posta Romana will set up an auction, in the first half of April, to award a contract estimated at EUR1.61 million, VAT included, for the purchase of 125 more

19 feb 2013

The total excise duty level for cigarettes, valid for the period between April 1, 2013 and March 31, 2014, will be increased from EUR79.19 per 1,000 cigarettes to EUR81.78 per 1,000 cigarettes, the more

13 feb 2013

Romania’s state-owned postal company Posta Romana will set up an auction, at the end of March, to award a contract estimated at EUR8.23 million, VAT included, for the purchase of 607 new and/or used more

11 feb 2013

Romanian electric engines maker Electroprecizia (ELZY.RO) on Monday said it will invest over EUR3 million in building a micro-hydropower plant in Sacele, in central county of Brasov. more

11 feb 2013

Investor sentiment regarding Romania’s macroeconomic fundamentals improved towards the end of 2012, leading to a more active investment market with a few large transactions in advanced stages of due more

11 feb 2013

Romania’s trade deficit narrowed to EUR9.56 billion in 2012, from EUR9.67 billion a year earlier, as both exports and imports decreased slightly, the country’s statistics institute INS said more

8 feb 2013

Romanian insolvent oilfield equipment manufacturer Uztel Ploiesti (UZT.RO) Friday reported a 30% drop in its 2012 net profit to 3.8 million lei (EUR0.85 million), on lower sales. more

7 feb 2013

Hungarian drug maker Gedeon Richter said Thursday its sales in Romania rose 1.4% to EUR131.4 million in 2012, from EUR129.6 million in 2011, backed by wholesale and retail operations. more

6 feb 2013

The Romanian medicine market reached EUR2.63 billion in 2012, up 3.1% from 2011, according to market research company Cegedim Romania. more

6 feb 2013

Spanish company Promocion Inversolar 65 is close to finishing works on a EUR100 million photovoltaic park in Sebis town, in Romania’s western county of Arad. more