11.25.2015

Romania’s production of energy resources, coal, oil and gas has been dwindling over the past ten years, yet the market has never been more independent of energy imports. more

11.19.2015

Oil industry equipment and service providers have lost 30% of their market value this year, the worst decline since the 2008-2009 crisis, due to dwindling revenue caused by lower investment from their more

11.19.2015

Foreign banks lowered exposure to the Romanian economy by $5.6 billion in the past year (July 2014-June 2015) in one of the biggest deleveraging moves in Eastern Europe. more

10.12.2015

Only 682 brokers are still active on the Bucharest Stock Exchange, one thousand fewer than seven years ago, before the onset of the financial crisis. more

09.02.2015

The capitalization of the companies listed on the Bucharest Stock Exchange fell by 11.7 billion lei (EUR2.6 billion) in August because of the panic among investors. more

09.01.2015

The high volatility on the financial markets halved the yields of the mandatory private pension funds to an average of 3% this year. more

08.31.2015

Almost seven years from the onset of the economic crisis, the banking system has lost one fifth of the jobs and offices. A number of 14,282 people left the system and 1,349 offices and branches were more

08.24.2015

Retail euro loans, which include both consumer and mortgage loans, have seen such a significant decline that banks are now selling EUR15 million worth of loans a month compared with EUR200 million in more

08.17.2015

Non-residents’ medium and long-term deposits, which are mostly a form of support from parent banks abroad, stood at EUR5.4 billion (24 billion lei equivalent) at the end of June, down EUR500 million more

08.14.2015

The major energy markets, fuel and electricity, showed signs of rebound in the first half after years of decline. Gas consumption, on the other hand, did not, given the hard times the local chemical more

08.05.2015

Grup Servicii Petroliere (GSP), the offshore drilling company of Constanta businessman Gabriel Comanescu, expects revenue to drop by more than 20% this year mainly because of the abrupt decline in oil more

07.14.2015

Ford Romania, the second most important carmaker in Romania, posted EUR912 million revenue last year, down 17% on 2013, according to Finance Ministry data. more

07.07.2015

Local insurance companies posted 36 million lei (EUR8 million) aggregate loss in 2014, down from the more than RON1.3 billion in 2013. more

07.06.2015

Swedish home appliances manufacturer Electrolux, one of the six international giants in this sector that has plants in Romania, saw revenue drop to less than EUR100 million on this market in 2014, more

07.03.2015

Romania's production of steel, rolled products and pipes dropped from 17.6 million tons after 1990 to 7.1 million tons last year. The number of employees in the steel industry went from 143,000 to more

07.02.2015

Builders Spedition UMB and Tehnostrade, of Bacau-based businessman Dorinel Umbrarescu, ended 2014 with 529 million lei (EUR118 million) revenue, 35% lower than in 2013. more

06.18.2015

The decline in sales per store, the opening of smaller stores, the technological progress and the increase in the number of temporary employees caused the headcount in modern retail stores to halve in more

06.14.2015

Romanian state-owned railway freight carrier CFR Marfa saw a 14% decline in turnover in the first three months of 2015, to RON182 million (EUR41 million), from RON213 million in the same period in more

06.04.2015

The cars made in Romania by Dacia and Ford saw sales go down or dropped in the ranking of their respective segments in Europe in the first quarter, as none of the two carmakers has launched any new more

05.13.2015

Steel plant ArcelorMittal Galati posted 3.59 billion lei (EUR805 million) revenue last year, 3.2% lower than in 2013 and RON480 million loss. The plant’s business was hurt by the drop in steel more

05.04.2015

Back in 2008, aluminum smelter Alro Slatina (ALR.RO), Romania’s largest electricity consumer, accounted for 7% of the country’s consumption. Last year, it accounted for only 5.7%, following a 25% more

04.30.2015

German-held Metro Cash&Carry, the trailblazer of modern retail in Romania, ended last year with EUR906 million in sales, the lowest in a decade, despite expanding the network from 23 to 32 stores. more

02.23.2015

Beer sales shrank by 5% to 16 million hectoliters (1.6 billion liters or 3.2 billion 0.5 liter beer cans) last year, the worst decline the market has seen since 2009, ZF has calculated based on more

02.17.2015

Romania’s official spirits market in 2014 contracted by 20% by volume and 5% by value on the hiked alcohol excise that pushed prices higher and drove consumption to the unfiscalized market, reveal more

02.02.2015

The consumer lending growth that had restarted last summer stopped at the end of the year again, so new sales in November and December did not offset loan repayment and written off non-performing more