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Rompetrol boost stake in oil refinery

Kazakh state oil and gas group KazMunaiGas-owned Rompetrol Group has acquired a 15.7 per cent share package in oil refinery Rompetrol Rafinare-Petromidia from a group of investors on the Bucharest Stock Exchange (BVB) for 60 million Euro

Missile shield consensus shows chronic foreign policy indifference

The installation of 24 American anti-ballistic missiles on Romanian soil in the next five years was greeted by the country with a shrug

After 62 years, Iliescu leaves politics

Former Romanian President Ion Iliescu has announced he is retiring from politics. “I am now 80 years old and it is time to get out,” Iliescu said. “I am leaving all positions within the party and will remain a simple party member.”

Expanding help for first-time buyer scheme welcomed

NEW HOME BUILD The Ministry of Regional Development and Tourism will build 25,000 houses for key workers, such as teachers, doctors and priests, in Romanian villages

Discount chains in takeover frenzy

Romania-based discounters Profi and Plus have been bought out by Poland’s Gamma Group and Germany’s Lidl respectively

German discounter continue opening drive

Discount retailer Penny Market, part of Rewe Group has opened two more stores in Romania in February, in Bacau and in Pascani (Iasi county). The store in Bacau covers 1,105 sqm, of which 750 sqm sales ...