05.07.2012

Romanian authorities plan to list minority stakes in key state-run energy and natural gas companies both on the Bucharest Stock Exchange and on international markets, economy minister-designate Daniel more

05.02.2012

Almost half of Romanian companies controlled by the state, mainly those under the authority of the Economy Ministry, budgeted over 25 million lei (EUR5.6 million) for 2012, for sponsorship, more

04.09.2012

At least 25 companies and banks with cumulated revenue of over EUR1 billion and assets of over EUR30 billion have changed their chief executive officers since the beginning of this year, while a more

04.02.2012

The Bucharest Stock Exchange grew by almost 24% in the first quarter, if looking at its main index, BET, due to improvement in companies’ performance and a rebound in international markets. more

03.28.2012

The shortlist of private managers for Romanian companies Hidroelectrica, Oltchim and Romarm will be completed by April 30, and the list for Electrica Furnizare will be done by May 15, after which the more

03.27.2012

Romania's Government will limit the average number of employees in eight defense companies to 1,611 this year, 9.2% less than the size of the staff in 2011, but the salary fund will be raised by 4.2%, more

03.19.2012

Automobile makers and distributors, as well as scrap collectors, can sign up for the 2012 edition of Romania's car scrappage program, which will become open to individuals on April 3. more

03.14.2012

Private managers will firstly be installed at state-run companies Oltchim (OLT.RO), Romarm and Hidroelectrica, and then to Electrica Furnizare, Economy Minister Lucian Bode said Wednesday after a more

02.24.2012

After four years and a half spent in Bucharest as the leading diplomatic representative of France, Ambassador Henri Paul, currently at the end of his term, will return to Paris to the French Court of more

02.20.2012

The cumulated turnover of the 71 companies listed in Bucharest that have so far reported preliminary results for 2011 rose by 17.6% on the year in 2011 and their cumulated net profit climbed 62%, but more

02.07.2012

The Government announced that it would be possible to set up a firm in three days, but this has been proven wrong by reality. In fact it takes at least a week to gather all the paperwork and another more

02.02.2012

Portuguese-held Martifer, Greek-held Olympus and US-held Delphi in 2011 made the largest greenfield investments in the Romanian economy, according to a ranking supplied by the Economy Ministry at more

02.01.2012

Romania's Justice Ministry has developed a draft emergency ordinance to implement the simplified rules on floated company mergers and divisions, following a warning from the European Commission. more

01.30.2012

Launching a business in Romania will take no more than three days, starting next week, and the legislation needed to implement the procedure is ready, Prime Minister Emil Boc announced Monday. more

01.27.2012

A Dutch logistics company will open its first Romanian office near the Transylvania Highway, hiring more than 100 people, while another Dutch company, which makes equipment for the food industry, will more

01.27.2012

Board members at state-run companies will be chosen by independent human resources experts, the annual and six-month financial reports will be published on corporate websites, as will the salaries of more

01.25.2012

Crowding and discontent, this was the atmosphere on Tuesday morning in front of the Fiscal Administration of Bucharest's 2nd district, where around 100 people were queuing up to submit the necessary more

01.24.2012

Romania's Trade Registry Thursday said 19,651 companies filed for insolvency in the 2011, down 10% from 21,700 companies in the year before. more

01.19.2012

Romania's Economy Ministry has asked the Government to revise the 2011 budgets of almost 50 state-owned companies, to include higher costs, and complained that the Finance Ministry has not approved more

01.11.2012

The Competition Council on Tuesday delivered the most eagerly awaited verdict of a probe, saying that the major oil companies were guilty of having reached an understanding to withdraw a type of more

01.10.2012

Romanian antitrust regulator Tuesday fined six top players in the oil industry, including OMV Petrom (SNP.RO) and Rompetrol Rafinare (RRC.RO), with a total amount of around 880 million lei (EUR205 more

01.10.2012

Romania’s top oil companies were fined with amounts of up to 3% of their sales reported for 2010 following a probe into the local fuel market, people familiar with the situation told MEDIAFAX more

01.04.2012

The Romanian Government decided to extend in 2012 a measure cutting the salaries of state-owned company managers to 4,800 lei (EUR1,110) from RON20,000-RON28,000 (EUR4,628-EUR6,478), Government more

01.03.2012

Bucharest Stock Exchange saw its third year of decline in history in 2011, as the main market index, BET, lost 17.7% of its value compared with the end of 2010. It had previously gone down in 1998, more

12.29.2011

The start of the year is a time when investors usually arrange their portfolios, trying to find and buy those stocks that are best positioned for growth over that year. more