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

01.24.2013

Israeli-owned real estate developer Globe Trade Center (GTC) and a prospective buyer of three shopping centers in Romania have decided to cancel the transaction. more

01.23.2013

Some of the regional investment funds (SIFs) have reduced their assets by almost 30% in the last three years, selling part of their portfolios and mainly their bank stakes. They did it in response to more

01.21.2013

Bucharest-based real estate compound Cortina Residence, under bankruptcy, was auctioned off again at a lower price of EUR5 million. more

12.14.2012

Romanian state-owned postal company Posta Romana will be privatized through a share capital hike, and the future investor will hold a 51% stake in the company instead of a previously agreed 20%, more

12.06.2012

Bucharest-based real estate compound Cortina Residence, under bankruptcy, will be auctioned off again at a lower price of EUR7.33 million. more

11.08.2012

Romania’s government expects to raise over 2 billion lei (EUR448.2 million) from the sale on the stock exchange of minority stakes in oil company OMV Petrom (SNP.RO) and natural gas producer Romgaz, more

10.18.2012

Eden Springs, Europe’s largest provider of office watercooler services, is negotiating the purchase of Romanian peer La Fantana, people close to the talks told Mediafax. more

10.18.2012

Real estate developers sold on average two to five apartments per month in 2012, so that 10,000 new apartments are currently available for sale in capital Bucharest and most of them address people on more

10.16.2012

Romanian lender Banca Comerciala Romana (BCR) is foreclosing on Bucharest shopping center Cocor and will auction it off at a starting price of 134.9 million lei (about EUR30 million) on November 16. more

10.10.2012

The shares price in state-run natural gas pipeline operator Transgaz Medias (TGN.RO) that Romania aims to sell to institutional investors will be settled based on subscriptions that must touch 150% more

09.26.2012

Hotel owner Josef Goschy has failed in his attempt to sell several of the hotels he owns in Romania, and plans to promote them in China, Russia and the Arab countries. more