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

12.29.2011

The Romanian Government decided mobile operators Orange and Vodafone have a month to transfer EUR6.4 million each to the state budget, or authorities’ decision to extend their GSM licenses, which more

12.28.2011

The Romanian Government approved a memorandum whereby state companies will transfer 85% of their profit to the state budget, Finance Minister Gheorghe Ialomitianu said Tuesday evening. more

12.22.2011

The Romanian Government wants to force state companies and autonomous departments again to transfer 90% of their profit to the state budget, people close to the matter told MEDIAFAX Thursday. more

12.22.2011

The number of companies going insolvent in Romania in November increased by 15% on the month, to 2,062 from 1,783 in the previous month, according to trade registry data. more

12.22.2011

The performance of the capital market disappointed investors who bought shares early this year expecting a rebound of the Romanian economy and an increase in the interest for the local market, after more

12.21.2011

Romanian Prime Minister Emil Boc on Wednesday called on ministers to analyze the activity of managers at companies under the authority of the Transport and Economy ministries, following several budget more

12.18.2011

Astra, Allianz-Tiriac, Omniasig and Groupama – the top four insurers on the Romanian market – are worth about EUR630 million together, according to the "Top 100 most valuable companies in more

12.09.2011

Engineering design companies, which are the starting point of huge projects, such as highways and large hydro-power stations, will have a better performance this year than in 2010, writes Business more