28 iul 2011

Greg Konieczny, manager of the EUR4 billion assets of Fondul Proprietatea, says Petrom’s offering had a “disappointing” result because it was not well structured. The fund’s official offered more

27 iul 2011

Retailer Profi, controlled by investment fund Enterprise Investors, is in acquisition talks with several store chains on the market. The company has made acquisitions in the past, having bought the more

19 iul 2011

Romanian hotel operator Bucuresti Turism (BUTU.RO), which owns Bucharest hotels Radisson Blu and Centre Ville, Tuesday said it will open credit worth EUR71.5 million at Raiffeisen Bank International, more

19 iul 2011

Radu Georgescu, one of the best-known Romanian entrepreneurs, who became famous after selling an antivirus solution to Microsoft, is again discussing the sale of a software technology, codenamed more

18 iul 2011

After 2009, when sales of heating boilers went down by more than 30%, the market returned to two-digit annual growth hardly ever seen in the construction industry after the onset of the crisis. more

13 iul 2011

Romanian state-run power grid operator Transelectrica (TEL.RO) Wednesday said it has switched to net profit of 9.94 million lei (EUR2.32 million) in the first half of 2011, from a loss of RON58 more

12 iul 2011

The Romanian arm of Indian pharmaceutical company Glenmark expects the newly launched products to fuel the 20% growth seen for the financial year ending in March 2012. The new products should account more

6 iul 2011

US company Lufkin, producer of oil and energy equipment, has hired the first 25 employees at the new plant it is building in southern Romania in Aricesti, Ploiesti county. The Texas-based company says more

29 iun 2011

RBS Bank Romania, the local subsidiary of the Royal Bank of Scotland put up for sale as part of the reorganization plan of the British group shaken by the losses of the last few years, could find a more

28 iun 2011

The arable land area has shrunk by 1.2 million hectares from about 8.2 million hectares in 2003, according to the 2010-2011 farming census presented Tuesday by Agriculture Minister Valeriu Tabara. more

22 iun 2011

TotalSoft, one of the biggest local software producers, posted 25% higher revenue in the first four months, at EUR8.4 million, after the company won international contracts on markets such as Saudi more

21 iun 2011

Romanian leading oil company OMV Petrom (SNP.RO) Tuesday said its cogeneration thermal plant in Brazi has successfully connected to the national power grid during a series of pre-run tests. more

20 iun 2011

Romania's Democratic Liberal Party (PDL) has nominated Cristian Constantinescu, head of insurers' organization UNSAR and former general manager of Allianz-Tiriac Asigurari, for president of the more

20 iun 2011

Siveco, the largest Romanian software company, is recruiting further and will reach 1,000 employees this year after having won international projects. The company had 650 employees at the end of 2009. more

14 iun 2011

Ropharma (RPH.RO) forecasts a turnover of 400 million lei (EUR96 million) for this year, up 14% from 2010, a figure that will bring its indirect owner, local businessman Mihai Miron, amongst the top more

9 iun 2011

Shares on the Bucharest Stock Exchange (BVB) soared by more than 60% in the first year of trading, over three times more than the main index, revealing the very high expectations investors have from more

7 iun 2011

Telecom operator Vodafone Romania named Mihai Ghyka as chief commercial officer of the Consumer Business Unit, replacing Karsten Wildberger, who was appointed to a new position within the Vodafone more

3 iun 2011

Economy Minister Ion Ariton said Friday that state-owned gas distributor Romgaz will be floated on the Bucharest bourse within 12 to 14 months. more

31 mai 2011

Four banks operating in Romania, one accounting for over 5% of the market, are waiting for investors to buy them in 2012-2013 at the latest, according to the official announcements made by the current more

30 mai 2011

The Social Liberal Union (USL), the leading opposition political force in Romania, on Friday presented its economic plan, which, however, does not include any reference to the stock exchange more

25 mai 2011

Romania is likely to begin a new economic cycle, when massive capital inflows could trigger a higher volatility of the exchange rate, central bank governor Mugur Isarescu said Wednesday. more

24 mai 2011

The average "hard costs" (labor and material costs) of a building with an underground level and ten upper floors currently amount to around EUR450 to 550 per square meter, on top of which come "soft more

24 mai 2011

Netopia Sistem, a provider of payment services through mobile phone text messages (SMS) and a processor of online bank card payments, has as its main target this year to increase its market share, more