12 mar 2012

State-owned power grid operator Transelectrica (TEL.RO) on Monday announced it will no longer buy electricity at regulated prices when covering network losses, and it will turn to the OPCOM energy more

12 mar 2012

Fund managers would buy stock in state-owned power grid operator Transelectrica (TEL.RO) if the state accepts a price 10%-15% below the market price, given that the company’s profitability is more

9 mar 2012

The secondary public offering whereby Romanian authorities are planning to sell a 15% stake in power grid operator Transelectrica (TEL.RO) will have a minimum price and a maximum one, and it will be more

2 mar 2012

Lucian Bode, the man who has been running the Economy Ministry for about three weeks, overseeing the most valuable state-owned companies in Romania, says in his first media interview that one of the more

29 feb 2012

Banca Comerciala Romana (BCR), the Romanian arm of Erste Group Bank (EBS.RO), Wednesday said its net profit fell 85% in 2011 to 70.9 million lei (EUR16.3 million), impacted by low income generation, more

23 feb 2012

Bogdan Olteanu, deputy governor of the Romanian central bank, took over at the end of January as president of the Court of International Commercial Arbitration attached to Romania’s Chamber of more

23 feb 2012

German do-it-yourself company Praktiker, which operates a 27-store network on the Romanian market, has reduced the number of employees from 2,500 to 2,000, while sales went down to half compared to more

22 feb 2012

Cutting the VAT on food products is not on the Romanian Government's agenda for this year, since the current economic context does not permit fiscal relaxation, Agriculture Minister Stelian Fuia said more

22 feb 2012

Romanian communication holding The Group, held by entrepreneurs Zoltan Szigeti and Mihaela Nicola, has merged its operations with the local unit of the U.S. Omnicom. This will get them control over a more

21 feb 2012

Mobexpert, Elvila and kika, three of the large players in Romania’s furniture retail market, reported significant sale increases in January, proving that consumer appetite for household redecoration more

17 feb 2012

The recent blackouts in Romania call attention to the fact that they are caused by faulty infrastructure, with two thirds of the power grid in an advanced state of usage and 30% of installations more

16 feb 2012

Romanian constructor Bog’Art, owned by businessman Raul Doicescu, has over the years built some of the top office projects in Bucharest and plans to take on building wind farms and enter the African more

15 feb 2012

Romanian energy regulator ANRE president Iulius Plaveti said Wednesday electricity exports are limited during peak consumption hours, and added that households and industrial consumers will see no more

14 feb 2012

Romanian second largest lender BRD- Groupe Societe Generale (BRD.RO) estimates will free up provisions worth some 1.5 billion lei (EUR350 million) following the adoption of the international more

7 feb 2012

Romania's central bank Monday revised upward its forecast on the year-end inflation to 3.2% in 2012, from 3%, citing less favorable base effects than previously estimated. more

3 feb 2012

Romanian state-run power grid operator Transelectrica (TEL.RO) has maxed out its capacity to borrow money from banks and is looking for alternative resources to finance its planned investments, more

3 feb 2012

US company MetLife, which has recently announced the acquisition of the local subsidiary of Aviva, is watching the Romanian market and does not rule out a potential acquisition of another company if more

31 ian 2012

US Titan Machinery Inc., which runs equipment stores for farmers and builders, estimates will sell agricultural equipment worth over $10 million in Romania in 2012, president Peter Christianson said more

26 ian 2012

Fondul Proprietatea (FP.RO) has in the past year moved from Romanian state control in the hands of a group of private U.S. shareholders, marking the end of the biggest privatization in disguise in the more

25 ian 2012

Romanian investment fund Fondul Proprietatea (FP.RO) plans to sell part of its natural gas and energy stocks in 2012, the fund’s manager Greg Konieczny said Wednesday. more

20 ian 2012

Romanian lender Banca Transilvania (TLV.RO) Friday announced the resignation of its chief executive officer Robert Rekkers and his temporary replacement with board member Peter Franklin. more

19 ian 2012

After having signed an agreement for a potential deal with eMag in 2008, investment fund Balkan Accession Fund (BAF) found out in April 2009 it had all been for nothing, as it the retailer had been more

17 ian 2012

Kitchen systems maker Franke sees this year’s growth on the Romanian market at 5%, after its sales stagnated at about EUR10 million in 2011. more

13 ian 2012

The former president and founder of realty developer Adama, David Flusberg, received EUR675,000 upon his departure from the company’s helm, after the company was taken over by Austrian Immofinanz, more

11 ian 2012

Macromex, the largest Romanian distributor of frozen products, is pushing with its expansion plans in Europe, and the foreign markets should contribute 30% of the 2012 turnover, according to Dan more