05.06.2013

Real estate developer RomReal, with Norwegian and british capital, plans to sell part of the 130 hectares of land it owns in several areas in Romania to ensure liquidity and has started breaking more

04.30.2013

Austrian Erste Group Bank AG (EBS.RO) Tuesday said it has completed the sale of its Ukrainian subsidiary to the owners of Fidobank, a group of companies ultimately controlled by Ukrainian banker more

04.24.2013

Romanian low-cost airliner Blue Air, up for sale, announced Wednesday it received bids and letters of intent from nine prospective investors, mostly foreign. more

04.19.2013

Romanian law firm Tuca Zbarcea & Asociatii has advised Greece’s Piraeus Bank on the EUR10.3 billion sale of its 93.27% stake in ATE Bank Romania, the law firm said in a statement Friday. more

04.18.2013

Greece’s Piraeus Bank has sold its 93.27% stake in ATE Bank Romania to local businessman Dorinel Umbrarescu for EUR10.3 million, the Greek lender said in a statement Thursday. more

04.18.2013

Businessman Dan Adamescu, Mirica Dumitrescu - owner of Romanian airline Medallion Air, which operates charter flights, an investor from Doha, a representative of an Italian-based airline and a law more

04.17.2013

Greece’s Piraeus Bank Wednesday sold the Romanian subsidiary of ATE Bank to local investors for about EUR10 million, people familiar with the matter told Mediafax. more

04.17.2013

Creditors of bankrupt shopping center Armonia Mall in Braila, eastern Romania, have taken 30% off their asking price and hope to sell it for EUR14.85 million after its previous price tag, of EUR25 more

04.17.2013

Local authorities in Suceava, northeastern Romania, will sell a five-hectare plot of land, for EUR315,000, to industrial engineering company Adrem Invest which previously leased it in view of building more

04.11.2013

Romanian low-cost airline company Blue Air, owned by businessman Nelu Iordache, has been put up for sale and several Romanian and foreign investors have shown interest in the company, people familiar more

04.11.2013

Romanian businessman Radu Enache, owner of the Continental Hotels chain, plans to sell two plots located in the cities of Timisoara and Iasi, as well as the Ibis Hotel in the city of Constanta through more

04.07.2013

The Romanian units of Bank of Cyprus will remain closed for two more weeks, until April 22, pending sale negotiations that start Monday, April 8, the bank said in a statement Sunday. more

04.05.2013

Romania’s Transport Ministry has set a minimum bid price of 798.05 million lei (EUR180.2 million) for freight rail company CFR Marfa, one of the several state-run companies the government has more

04.02.2013

The sale of ATE Bank Romania cannot be completed due to a shareholder’s request to withdraw from the local lender. more

04.01.2013

A potential change of ownership at Bank of Cyprus Romania would place existing deposits in the bank under local legislation, an official of the central bank said Monday. more

04.01.2013

Brick sales will remain at a similar level this year to 2012, brick manufacturers agree. They also say the price war will continue this year, writes Business Construct magazine. more

03.29.2013

The prospectus for the sale of 15% in Transgaz Medias (TGN.RO) has been finalized and sent to the National Securities Commission (CNVM) for approval. The only step left is for the Romanian Government more

03.25.2013

Romanian insolvent air transport company Romstrade Logistic Expres is selling two Saab 340A aircrafts to a Guatemala-based firm for some $1.1 million, said Rudolf Vizental, managing partner at more

03.25.2013

Romanian insolvent hypermarket network PIC has been put up for sale by its legal administrator PricewaterhouseCoopers Business Recovery Services (PwC) after businessman Nicolae Sarcina quit plans to more

03.19.2013

Retailer Cora, which operates a 10 hypermarket chain in Romania, will introduce the coradrive.ro service in this country, which allows customers to shop online and pick up the products in stores. more

03.12.2013

Romania’s Transport Ministry on Friday awarded a 2.5 million lei (EUR570,000), VAT included contract to a consortium led by U.S. consultancy firm Deloitte to advise on the sale of state-owned more

02.26.2013

Prices of hotels and guest houses in Romanian cities have declined due to the crisis to levels similar of those for luxury homes, according to real estate portal SpatiiComerciale.ro. more

02.12.2013

The first month of 2013 brought a rise in Dacia registrations on the main European markets, with the new Dacia Sandero being the best-selling car on the Spanish market. more

02.05.2013

The amount cashed by the Romanian state from taxing revenue obtained from property transfers reached 499 million lei (EUR112 million) in 2012, close to the level in 2011, despite a 17% increase in the more

01.24.2013

Romanian company THR Marea Neagra (EFO.RO) has put up for sale five hotels and several other assets on the Black Sea seacoast, and will use the money obtained to upgrade its other hotels, Linica Stan, more