ECONOMICS

2012-05-16 14:47:30
Italian UniCredit Group will focus its investment in the region to subsidiaries in Russia, Poland, Turkey and Czech Republic - market it considers drivers of growth, while the previous pla

ECONOMICS

2012-05-16 14:45:58
Romanian Commercial Bank (BCR) has exceeded EUR 1 billion for loans granted under the First Home program, thus bank supporting more than 25,000 young families to buy their first home. As p

ECONOMICS

2012-05-16 14:45:09
New cars registrations increased in the first four months of this year by 24.5 percent over the corresponding period of the last year to 18,000 units, Romania registered the strongest grow

REAL ESTATE

2012-05-16 14:42:15
Real estate consultancy company Capital Property Advisors annunced the completion of two office leasing transactions , with IT company Class IT, moving in Procema office building in Calea

ECONOMICS

2012-05-16 11:18:03
Value of FDI- foreign direct investments dropped at EUR 425 million in Q1 of 2012, compared with the value of EUR 444 million registered in the same period of last year, according to data

INFRASTRUCTURE

2012-05-16 11:12:15
Driving towards Otopeni, on the left side of the road, you may have seen, among all different office buldings or individual small trade businesses, a large courtyard with outdoor design it

REAL ESTATE

2012-05-16 11:11:06
In the first quarter of 2012 investment activity accounted for EUR 99 million representing an increase of 189 percent on Q4 of 2011 and a 50 percent decrease against the same period of the

ECONOMICS

2012-05-15 15:49:00
Over 40 investors in Romania, Bulgaria, Hungary and Poland will seek in Bucharest start-ups in IT,  technology and online to finance them in a new edition of the Venture Connect, one

POLITICS

2012-05-15 15:48:04
Labor Minister Mariana Campeanu (photo), said Tuesday that reducing social security contributions by 5 percent and increase the minimum wage to RON 800 were measu

ECONOMICS

2012-05-15 13:34:21
Bucharest Stock Exchange followed the line of external stock exchanges and fell by 4.11 percent,  the highest rate in the last nine months, in a market where sales orders are put prix

ECONOMICS

2012-05-15 13:32:50
After two consecutive quarters of decline, the Romanian economy drifts back into recession, after the results in Q1 of 2012 showed a 0.1 percent decline compared with October-December 2011

ENERGY

2012-05-15 13:29:37
German electricity producer STEAG acquired an 108 MW Crucea North wind farm project in Constanta county developed by  Monsson Group, a private wind energy developer with a 2,400 MW portfo

ECONOMICS

2012-05-15 13:27:31
Warsaw-listed real estate developer GTC, with Romanian-based projects in retail, residential and office – like City Gate (photo), Europe House, America House or G

POLITICS

2012-05-15 13:23:13
Prime Minister Victor Ponta (photo) ordered that Mihai Busuioc to be dismissed from the post of general director of National Agency for Cadastre, management

REAL ESTATE

2012-05-15 13:21:25
British Ambassador in Bucharest, Martin Harris (photo), said that the government Ponta "started with the right step" because it ensured that Romania's economic po

REAL ESTATE

2012-05-15 13:09:29
One the Iasi based shopping compound Palas Iasi will be opened at the end of this month, the location will comprise the first location established in Romania for the Italian brand The C Ho

INFRASTRUCTURE

2012-05-14 14:56:05
The airport project to be developed by the group of companies controlled by Romanian businessman Nelu Iordache and comprising also companies as Blue Air, Romstrade or Infra Group, will be

REAL ESTATE

2012-05-14 14:54:19
In terms of supply regarding retail projects in Romania, the real estate consultant Jones Lang LaSalle estimates for this year that between 5 and 7 projects might be completed at the count

REAL ESTATE

2012-05-14 14:52:24
Afi Europe Romania signed a prelease contract of 7 years with American IT company Microchip Technology, for 2,500 sqm within the first office building from AFI Business Park Cotroceni. Acc

REAL ESTATE

2012-05-14 14:49:43
River Plaza mall (photo) developer, the Portuguese company Sonae Sierra  announced a net profit worth EUR 13 million in Q1 of 2012, representing 25 perc

ECONOMICS

2012-05-14 14:47:46
National Bank intervened indirectly Friday to limit local currency decline, given that, in a market with high transfer volumes, ratings are just slightly over RON 4.44 per EUR at the end o

ECONOMICS

2012-05-14 14:45:54
UPC Romania, one of the biggest players in the local telecom market, has increased the number of subscriptions to telephony, Internet and television in the first quarter of this year, but

ENERGY

2012-05-14 14:44:31
Transgaz (TGN) had in the first quarter of this year a turnover in very slightly decrease, by 0.4 percent to RON 455.6 million ( EUR 104.6 million), and a net profit of RON 173.5 million (

ENERGY

2012-05-14 14:43:07
Transelectrica (TEL) registered in the first quarter of this year a turnover up 17.7 percent, to RON 884.2 million (EUR 203.1 million), and a profit of RON 43.6 million ( EUR 10 million),

ECONOMICS

2012-05-11 13:47:24
SIF Banat-Crisana (SIF1) reported for the first quarter of this year income of RON 37 million ( EUR 8.5 million), double than those of the same period last year mainly due to sale of share

POLITICS

2012-05-11 13:44:00
Government will propose next year a draft budget including differential tax rates for personal income, of 8 percent, 12 percent and 16 percent, system that would be introduced from January

ECONOMICS

2012-05-11 13:40:44
European Commission (EC) is expecting a growth of 1.4 percent in Romania this year, according of spring economic forecast of EU, lower than the February estimate of 1.6 percent or 2.1 perc

REAL ESTATE

2012-05-11 13:39:01
Graells&LLonch company, a Spanish developer , managed locally by president Antonio Graells Ramon, vicepresident  Miquel Llonch  and member of the board, Feliu Graells Ramon,

ECONOMICS

2012-05-11 13:36:39
The foreign tourists, mainly the Basques and the Spanish are estimated to have spent around EUR 10 million within last week, when 25,000 tourists have been registered to have come in Bucha

ECONOMICS

2012-05-11 13:35:09
Facebook Inc's record initial public offering is already oversubscribed, according to Reuters, quoting a source familiar with the share listing.  The company plans to raise about USD

ENERGY

2012-05-11 11:03:29

This is the statement of local manager of Franklin Templeton Investments, the company  administrating Fondul Proprietatea, regarding the plans of privatizations and listing of main sta

ECONOMICS

2012-05-10 14:53:46
The busiest day at international Henri Coanda Airport meant 58 charter flights landed on the Otopeni runway, due to the 12,000 fans of the two finalists Atletico Madrid and Atletico Bilbao

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REAL ESTATE

2012-05-10 14:52:29
Iulius Group, developer of Palas Iasi  announced that the complex has a new tenant, a new entry on the Romanian retail market, the Italian coffee shop chain C House. The C House Loung

ECONOMICS

2012-05-10 14:51:03
In the first quarter of 2012 Romtelecom saw good signs in terms of money, reflected, among other things, in pro forma EBITDA of EUR 40.4 million. Lower income is about 3 percent year on y

REAL ESTATE

2012-05-10 14:48:36
Construction German company Hotchief has signed a leasing contract  for 1,000 sqm within office building Dorobanti 239, in the area of Charles the Gaulle Square, following a transacti

REAL ESTATE

2012-05-10 14:47:59
Within a city market where new projects, either office o residential are inexistent, Austrians from S Immo Ag fund have EUR 66 million to be spent on The Mark, a new office building of 28,

INVESTMENTS

2012-05-09 16:20:19
Favero clinics, the Italian-based dental services chain, launched its first clinic in Romania, at Bucharest, within City Gate building, following an investment worth EUR 500,000. The launc

INFRASTRUCTURE

2012-05-09 16:18:45
Metrorex plans to organize an auction for assigning the workings to the underground segment to link the Bucharest with Otopeni airport, an investment worth EUR 1 billion, according o the c

ENERGY

2012-05-08 13:52:58
Roman Copper Corp, a Canadian company and the confirmed winning bid of the privatization process launched by OPSPI (The Office for State Ownership and Privatization in Industry) for Cupru Min SA...

INFRASTRUCTURE

2012-05-08 13:50:55

According to the Directorate General of Civil Aviation within Ministry of Transportation in Romania, there are  four ongoing modernizing and development projects  regarding the air...

REAL ESTATE

2012-05-08 13:49:00
The industrial market in Romania is still characterized by over-supply, with no significant change registered in terms of vacancy rate as at Q1 2012, despite the increased year-on-year take-up v...

ECONOMICS

2012-05-08 13:46:28

Within European tax context, Romania maintains its flat tax advantage, but significantly loses attractiveness when it comes to social security contributions, according to the latest published...

REAL ESTATE

2012-05-08 13:43:22

Bellevue Residence, the residential luxury compound built in Brasov by Gabi’s Development company faces financial problems, as the developer asked for insolvency at Brasov court law recently....

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ECONOMICS

2012-05-08 13:39:36

Within the last week’s IMF meeting with local Government, Romania has sealed an agreement with international lenders to restore public wages to their previous levels, a senior official said, ...

POLITICS

2012-05-08 13:22:15
After the economic turmoil of 2008-2009, many of the political choices made by the both countries’ Governments followed the pattern of the common European response to the crisis, according to a ...

REAL ESTATE

2012-05-07 12:33:37

U.S. fast food chain Subway opened its first restaurant outside Bucharest  last week and the second in Romania, in Iulius Mall shopping center in Cluj-Napoca, owned by Iulius Group. The ...

ECONOMICS

2012-05-07 12:30:34

New registrations of road vehicles for transporting passengers in the first quarter increased by 19.7 percent over the same period in 2011, and new vehicle registrations for the transport of ...

ECONOMICS

2012-05-07 12:27:08
Turnover in retail trade, except trade of motor vehicles and motorcycles, rose in the first quarter over the same period in 2011, both as gross series and as series adjusted by number of working...

ENERGY

2012-05-07 12:24:16

Daniel Chitoiu (photo), Ponta government's proposal to seat of economy minister, said at the end of last week, following talks with IMF representatives, NBR and the ...

REAL ESTATE

2012-05-07 12:21:34
French group Auchan, which recorded a turnover in 2011 of about EUR 433 million on the local market, at the end of April began works on the third store in Bucharest, which will be located in the...

REAL ESTATE

2012-05-04 13:45:44
Cluj-Napoca city hall won an European project totaling about RON 68.4 million (EUR 15.5 million), of which about RON 30 million (EUR 5.9 million) are non-refundable financial assistance, to achi...

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ECONOMICS

2012-05-04 13:42:13
Garanti Bank is expanding its trade finance operations, especially on agriculture, energy and metallurgy segments, as a result of contracting a credit line worth USD15 million from International...

ECONOMICS

2012-05-04 12:23:28
Sensiblu pharmacies network, part of A&D Pharma, will buy 90 Pharma City pharmacies, part of Relad Group. "Sensiblu started the procurement process up to 90 pharmacies in the City Pharma net...

ECONOMICS

2012-05-04 12:21:25
Food prices have dropped globally in April for the first time this year because of cheaper sugar and  cereals, and might include on a downward trend in the coming months, according to Food ...

ECONOMICS

2012-05-04 12:19:38
"Prometheus" (Prométhée) (photo), a head cast in bronze made by Constantin Brancusi in 1911, was sold Wednesday night for USD 12,682,000 in New York, in an auction of i...

ECONOMICS

2012-05-04 12:17:28
Codecs and its partners in Greece, Palace Hellas, are planning a training center dedicated to participants who want to combine professional development courses with specific relaxation of Greek ...

ECONOMICS

2012-05-04 11:54:01
Former PM Mhai Razvan Ungureanu stated that Romania registered at the end of the first months of 2012, an absorption rate for European financings of 7.46 percent, an increase compared with the p...

ECONOMICS

2012-05-04 11:51:19
The chief economist of Romanian Commercial Bank, Lucian Anghel, considers that the wages of public sector can be redressed to the level of 2010 and also states that a budget deficit to be positi...

REAL ESTATE

2012-05-04 11:48:35
Dan Ioan Popp (photo), the founder and almost the homonym name of real estate developer  Impact Developer&Contractor (IMP) has been replaced from its position ...

ECONOMICS

2012-05-04 11:47:21
The arrivals and overnights registering within hospitality units increased in Q1 of this year by 11.3 percent and respectively 6.1 percent, according to data of the National Statistics Institute...

REAL ESTATE

2012-05-03 13:48:15
Belgian retailer Mega image plans only for this month, some eight openings, with the first unit opened today in Bucharest, under Shop&Go brand, expanding the proximity network of the retaile...

ECONOMICS

2012-05-03 13:45:31
Agroland, local leader of distributors of animal feed and one day-old chickens in Romania, managed by Horia Cardo and present in Romania since 1997, announced it increased business by 20 percent...

ECONOMICS

2012-05-03 13:43:05
The construction division of Ruukki Romania stated a 56 percent increase of sales for roof solutions in Romania in 2011, compared with previous year, the model of Ruukki Monterrey, an average-pr...

ECONOMICS

2012-05-03 13:41:20
Companies operating on Romanian segment of operational leasing contrbuted to a 24 percent increase of the segment in Q1 of 2012, compared with the correspondent period of last year and to the 8 ...

ECONOMICS

2012-05-03 13:38:50
Cosmote Romania launched a new advertising campaign, developed by Ogilvy&Mather Romania, highlighting the integrated business solutions the company provides for business customers. The new C...

ENERGY

2012-05-03 13:36:20
The Russian government decided Wednesday to increase fees proposed for Gazprom to other gas producers, who in 2015 will pay about 1,000 rubles ( USD 34) per thousand cubic meters, four times mor...

ECONOMICS

2012-05-03 13:34:25
BNR Governor Mugur Isarescu (photo) does not believe in a reduction in social security contributions this year, including that such a measure would require legislative ...

ECONOMICS

2012-05-03 13:32:37
Nearly half of state-controlled companies, mainly by the Ministry of Economy, have budgeted for this year cumulative cost of over EUR 25 million for sponsorship actions, advertising and entertai...

ENERGY

2012-05-03 13:30:19
Enel Green Power International has signed an agreement with Export Credit Agency (EKF), belonging to the Danish government, and with Citigroup, as agent and arranger for the financing of EUR 180...

ECONOMICS

2012-05-02 15:30:50

Reference published by the National Bank of Romania (BNR) has reached a new historic high threshold of RON 4.4168 per EUR, up by 1.98 bani compared to Monday level, RON depreciation started t...

APPOINTMENTS

2012-05-02 12:13:53
Retail chain Profi Rom Food named Dumitru Dragomir (photo) as the company’s CFO, replacing in this position the Dutch Carel Bruseker, who occupied the lead of chai...

POLITICS

2012-05-02 12:10:52
Romanian premier Victor Ponta met the officials of International Monetary Fund this week, within a meeting taken in the presence of the current finance minister, Bogdan Dragoi. According to data...

ECONOMICS

2012-05-02 12:09:10
Groupe Societe Generale lead has been taken starting May 1 by Alexandre Maymat, elected by the general shareholder meeting of BRD from April 26, the company announced. Alexandre Maymat replaces ...

ECONOMICS

2012-05-02 12:07:45
US carmaker said  Ford Motor said the size of its manufacturing base in Europe will be determined by how long the market there remains subdued, through the statement uttered within an inter...

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POLITICS

2012-05-02 12:03:13
Romanian premier-designate Victor Ponta (photo) unveiled his cabinet yesterday afternoon, appointing politicians from his leftist side USL, Social Liberal Union fo...

ECONOMICS

2012-05-02 12:00:33
Bank Leumi Romania launched  sIMMplus credit line for SMEs who need capital to finance operations. The main advantages of the credit line sIMMplus are: short time of granting credit facilit...

ECONOMICS

2012-05-02 11:58:00
CME, owner of Pro TV SA, has reached agreement with its principal shareholders, Time Warner and Ronald Lauder, to obtain a credit line of USD 300 million that will allow the redemption of benefi...

ECONOMICS

2012-05-02 11:55:48
Romania ranked in the fourth quarter of last year in the 9th place in the world regarding the average speed of Internet connections, from the fourth position in the corresponding period in 2010,...

ECONOMICS

2012-05-02 11:48:43

Romanians' confidence in the economy improved slightly in the first quarter of 2012, compared with the last three months of last year, but the country remains in the category where the pessim...

ECONOMICS

2012-05-02 11:46:19
Who bought four months ago shares in fertilizer producer Azomures Targu Mures (AZO) and Banca Transilvania (TLV) now is 40 percent richer. But who had the inspiration to rely on less liquid shar...

ECONOMICS

2012-04-30 14:00:14
Flooring materials distribution company  Piritex owned by Romanian businessman Petrica Usurelu asked recently the insolvency at Court law in Prahova, wher the company y is registered. The J...

ECONOMICS

2012-04-30 13:57:53
Finnish company Nokia which recently it has been was downgraded to "junk" status by S&P rating company, is making progress on its bid to sell its ultra-premium cellphone subsidiary, Vertu, a...

ECONOMICS

2012-04-30 13:15:19
According the ILO’s “World of Work Report 2012: Better Jobs for a Better Economy”, despite signs that economic growth has resumed in some regions, the global employment situation is alarming and...

ECONOMICS

2012-04-30 13:13:30
Erste Group Bank AG (EBS), Eastern Europe’s second-biggest lender, saw loan losses soar in the first quarter because of Hungary and Romania and said bad debt would remain a bigger drag on earnin...

POLITICS

2012-04-30 13:11:34
The International Monetary Fund halted a review of Romania's 5 billion euro aid deal on Friday pending the formation of a new government, an official said. Romania's centre-right government coll...

REAL ESTATE

2012-04-30 13:09:16
Marriott International and the hotel company managed by Romanian ex-football player Gica Popescu (photo)  signed on recently a partnership for development and oper...

ECONOMICS

2012-04-30 13:05:01

OMV Petrom, the largest oil and gas producer in Southeastern Europe, announces a series of decisions taken within the Ordinary General Meeting of Shareholders (OGMS) on April 27, 2012.

ECONOMICS

2012-04-30 12:55:35
Five of the ten largest companies in the insurance market have reduced by 8 percent the number of employees last year, the insurance industry continues to massive restructure amid significant de...

REAL ESTATE

2012-04-30 12:52:44
Swedish retailer H&M will open in the second half of May a store in Iulius Mall Suceava, according to mall representatives. Last fall, H & M opened two other units in the national networ...

ECONOMICS

2012-04-27 10:01:03
American supplier of integrated software solutions for business communications Interactive Intelligence (ININ) entered the Romanian market. The company's aim is that in three to four years to ha...

ECONOMICS

2012-04-27 09:57:34
Actions of manufacturer of mobile phones and tablets Apple (AAPL), the largest company in the world, declined by 9 percent last week, given that investors are increasingly concerned that the gro...

ECONOMICS

2012-04-27 09:52:50
Retail market remains active in terms of constructions, both in Bucharest and in the countryside, according to a recent study published by Colliers International.  Although in the first qua...

ECONOMICS

2012-04-27 09:51:27
Garanti Romania, financial group operating on the local market, announced a consolidated net profit of EUR 5.8 million in the first quarter of 2012, an increase of over 80 percent over the same ...

ECONOMICS

2012-04-27 09:49:44
Agricover Credit IFN, part of Agricover group and the only financial division specialized exclusively on agriculture, signed a financing agreement worth EUR 12.5 million with The International F...

ECONOMICS

2012-04-27 09:46:16

In Coface’s view, the world economy is presently marked by divergence between the three major advanced zones: the economic contraction in the euro zone is worsening (down 0.3 percent current...

ECONOMICS

2012-04-24 17:31:17
Low-cost airline Blue Air, owned by Nelu Iordache, cut 15 percent of ticket price, promotion being valid only today, for flights conducted between April 24 to October 27, writes on the company w...

ECONOMICS

2012-04-24 17:26:28
Medas, medical services operator, controlled by spouses Simona Ateia and Abd Halal Ateia, will complete in autumn an investment in a urology hospital with 40 beds and 100 employees. The company ...

ECONOMICS

2012-04-24 17:15:04
French producer of low- and medium-voltage equipment, is set to expand its market share in Romania and may consider acquisitions in the Balkan country, Saulo Spaolanse, the chairman of the local...

ECONOMICS

2012-04-24 16:55:00
The countrywide spread network of state-controlled Romanian Post (Compania Nationala Posta Romana) qualifies the institution to operate as virtual mobile operator, MVNO (Mobile Virtual Network E...

ECONOMICS

2012-04-24 16:52:22
Bulgaria and Romania's chances to see a green light for accession to Schengen in early period anticipating Romania’s elections in the fall of this year  might not be so likely to happen, ac...

ECONOMICS

2012-04-24 16:50:40
Bricolage company Dedeman, market leader in the field, controlled by brothers Adrian and Dragos Paval in Bacau, invested EUR 12 million in the 28-th store of the network,  which will be&nbs...

ECONOMICS

2012-04-24 16:48:27
Bucharest Stock Exchange fell Monday by 0.9 percent (BET-C), influenced by foreign markets, which saw strong declines yesterday. Index of stock exchanges in France and Germany had declines of mo...

REAL ESTATE

2012-04-23 15:15:53
The mall opened in 2010 following an investment worth EUR 200 million developed by Euro Mediterranee Consulting (EMCT) and Sparkassen Immobilien, the real estate division of Erste group, Sun Pla...

REAL ESTATE

2012-04-23 15:13:14
Purchasing power has definitely been increasing across the entire CEE region, according to Eduard Zehetner, Immofinanz Group, the investment company that has launched Maritimo Shopping Center in...

REAL ESTATE

2012-04-23 14:47:03
Swedish fashion retailer H&M opened the network’s local 13th shop , at Craiova, after  one year since the retailer entered Romanian market, the company announced. The new shop of 1.600 ...

INVESTMENTS

2012-04-23 14:42:53
French car producer Renault and Chinese company Dongfeng Motor Group signed an agreement for a joint-venture between the tow companies in order to establish the steps of building an assembling c...

INVESTMENTS

2012-04-23 14:38:43
Grupo Empresarial Ence SA, (ENCE), Spain-based company engaged in the wood industry, runs talks  with forest funds and competitors interested in buying the forest,  according to Reuter...

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INFRASTRUCTURE

2012-04-23 14:36:20
Romanian government warns the constructors of Bucharest-Ploiesti highway that they will have to bear penalties unless the project is not completed in May, following the Sunday visit at the worki...

ECONOMICS

2012-04-23 14:32:51
The largest Russian gold producer Polyus Gold, locally represented by Romaltyn Mining and  Romaltyn Exploration companies plans to sells its assets owned in Northern Romania in Maramures co...

ECONOMICS

2012-04-23 10:24:38
Low-cost airline Wizz Air announced Friday that from May 7 to 13 all flights to and from Cluj-Napoca will be transferred to Targu Mures airport due to runway works in Cluj terminal. Passengers t...

ECONOMICS

2012-04-20 13:23:55
European stocks opened down today, continuing decline for the third consecutive session, investor confidence being affected by political tensions that threaten to slow the process of strengtheni...

ECONOMICS

2012-04-20 13:19:53
Ursus Breweries, the largest player in the local beer market by turnover in 2010 decreased by 8 percent in sales during April 2011 - March 2012, which corresponds to the company's fiscal yea r.<...

ECONOMICS

2012-04-20 13:17:32
Marfin Bank, the local branch of Cypriot group with the same name, reported a 21 percent increase of deposits attracted from customers in the first two months of 2012, up from EUR 205 million eu...

INFRASTRUCTURE

2012-04-20 13:15:34
The group of companies controlled by Romanian businessman Nelu Iordache and comprising also companies as Blue Air or Infra Group, might expand the portfolio with an airport. The project of the a...

ECONOMICS

2012-04-20 13:13:44
Romania dropped five positions in the first quarter of 2012, in a ranking developed by CMA, London-based agency specialized in analyzing credit risks of countries. According to CMA’s latest anal...

REAL ESTATE

2012-04-20 13:11:25
The demand for housing halved since the beginning of 2008, even if the prices of the residential units followed the same trend. According to the findings stated within the national real estate t...

INVESTMENTS

2012-04-20 13:08:57
Romanian company established in Sibiu, Independenta SA, producing construction equipments announced it will develop an industrial park at Craiova, worth EUR 17 million, the project being co-fina...

ECONOMICS

2012-04-19 11:24:39
Brokerage company Broker Cluj (BRK) obtained in the first three months of the year a net profit of RON 4.25 million (almost one million euros), up with 86 percent from same period in 2011, accor...

ECONOMICS

2012-04-19 11:22:44
Bucharest Stock Exchange decreased insignificant, by 0.15 percent (BET-C), in a market where players have continued to time off from trading and liquidity was only RON 10.8 million (EUR 2, 4 mil...

ECONOMICS

2012-04-19 11:21:27
NEPI investment fund, which owns the most real estate in Romania, announced it would sell between 800,000 and 1.6 million shares through a private placement targeted a limited number of investor...

ECONOMICS

2012-04-19 11:19:46
Investors traded shares of U.S. companies Apple, Intel, Coca-Cola, Visa and Bank of America worth  RON 96,000 ( EUR 22,000) on the first day of trading on the alternative ATS of Bucharest S...

ECONOMICS

2012-04-18 17:00:01

     With a registered trafic of 51,000 visitors in Q1 of this year, the 300 rented spaces of the mall stated sales increase of 24 percent in the first two months of this ...

ECONOMICS

2012-04-18 13:56:18
About 300,000 residents of Romania’s Mures and Harghita counties are to benefit from improved water and waste water services, and 60,000 people will gain access to a reliable water supply with t...

ECONOMICS

2012-04-18 13:12:40
Three quarters of all claims collected in 2011 by agencies members of the Association of Commercial Debt Management (AMCC) were from individuals (B2C), and the recovered value was around EUR 288...

ECONOMICS

2012-04-18 13:09:30
In the race to acquire the largest chemical plant in Romania, Oltchim Ramnicu Valcea (OLT) have joined the German Petro Carbo Chem (PCC), the main minority shareholder of the company, Russians f...

ECONOMICS

2012-04-18 13:05:44
Mercury 360, one of the leading independent marketing and communications groups in the local market, launched its digital agency named Outbox, waiting for business of several hundred thousand eu...

ECONOMICS

2012-04-18 13:03:45
New car registrations in Romania in the first quarter rose by 44.3 percent compared to the corresponding period of last year to 13,965 units, representing the steepest growth in the EU, accordin...

INFRASTRUCTURE

2012-04-18 13:00:08

Transilvania highway will be finished as early as 2020, but could be ready in 2026, 22 years after work started, an investment whose costs far exceeded the amount originally expected and that...

ECONOMICS

2012-04-18 11:11:21
Shares of the top five American large companies Apple, Bank of America, Intel, Coca-Cola  and Visa  will start today the trading sessions on the alternative system ATS of Bucharest Sto...

ECONOMICS

2012-04-17 14:16:49
Audi car division, part of Volkswagen group  agreed to buy Italian motorcycle company Ducati for about EUR 860 million (USD 1.12 billion) including debt, according to Reuters, quoting two p...

ECONOMICS

2012-04-17 13:23:22
Porsche Mobility, the operational leasing and fleet management arm of Porsche Finance Group, plans to increase by 16 percent the new contracts’ volume by yearend. According to the company’s data...

ECONOMICS

2012-04-17 13:21:04

Operational leasing and fleet management company ALD Automotive plans to consolidate the managed fleet for this year to reach over 7,700 vehicles, representing a 15 percent increase of the fl...

ECONOMICS

2012-04-17 13:19:07
Operational leasing companies’ association ASLO estimated that in 2012, the local market might see an increase of 15-20 percent, after in 2011, the growth was estimated at 17 percent as y-o-y ev...

ECONOMICS

2012-04-17 13:12:20
Cigarettes smuggling  remained constant during the first months of this year, reaching13 percent of the market  in March, but fell by 1.4 percentage points compared to March last year,...

ENERGY

2012-04-17 13:10:15

UPDATE: Four companies have presented today preliminary non-bidding offers:

S.C. PEGAMONT S.A. Ploiesti, Romania
PCC SE, Germany
S.C. AISA INVEST S.A., Romania...

REAL ESTATE

2012-04-17 13:07:20
French group Auchan, controlled by Mulliez family, one of the richest families in France, is now one of the most active investors in the local market both in terms of hypermarkets network and re...

ECONOMICS

2012-04-17 13:06:12
Foreigners invested in February about RON1.5 billion ( EUR 348 million) in government bonds  issued by the Ministry of Finance, stopping the downward trend of the portfolio held by expats s...

ECONOMICS

2012-04-13 13:33:47
The dividends given this year to shareholders of Romanian companies are at all time records led by OMV Petrom who benefited the most from the high oil prices, Fondul Proprietatea and Transgaz.

ECONOMICS

2012-04-12 14:53:53
Greek telecommunication group Hellenic Telecommunications Organization SA (HTO), known as OTE might sell one of its units in Albania, Bulgaria or Romania to obtain money for servicing debt, ...

ECONOMICS

2012-04-12 14:51:33
Medical emergency service SMURD opens new center in Teleorman, in Southern Romania, this launch completing the energy service coverage countrywide. According to Ritli Ladislau, ministry of Healt...

ECONOMICS

2012-04-12 12:35:51
Cosmote launched Xpand, the first prepaid extra-option including minutes to mobile networks in six countries from Europe and also to mobile networks from SUA, Canada and Israel, offering custome...

REAL ESTATE

2012-04-12 11:47:43
French retailer Auchan that recently announced the acquisition of Coresi project of Tractorul Brasov site plans four openings scheduled for this year and 2013 , with the hypermarkets opened with...

ECONOMICS

2012-04-12 11:44:27
Romanian Government runs advanced talks with the World Bank representatives in order to get an EUR 1 billion worth loan to protect Romania’s exposure to sovereign debt crisis, according to Bloom...

ECONOMICS

2012-04-12 11:42:18
Romanian Government inked yesterday an agreement between the Romanian ministry of Transports and Infrastructure and the correspondent ministry in Kingdom of Belgium for a public-private partners...

ECONOMICS

2012-04-12 10:49:22
Air One, low-cost division of Alitalia regular line airline will enter the Romanian market in July, the second low-cost Italian operator to do so after Air Vallée. Entry of new players comes as ...

ENERGY

2012-04-12 10:45:09
Energy producer Nuclearelectrica is waiting until May 21 offers from interested brokers to listing the producer of electricity on the Bucharest Stock Exchange (BSE), through an initial public of...

ECONOMICS

2012-04-12 10:32:42

A mission from the International Monetary Fund (IMF), headed by Jeffrey Franks, will
visit Bucharest from April 24 to May 7, 2012, to conduct the fifth review of Romania’s
Stand-...

ECONOMICS

2012-04-12 10:27:14
Shares of five of the best known American companies have started to be traded starting with Wednesday, April 18, on the alternative trading system (ATS) of the Bucharest Stock Exchange. "Stars" ...

ECONOMICS

2012-04-11 13:36:57
Manpower Group Romania, one of the largest local companies with activities in human resources,  relies on an increase in business of 10-15 percent this year, amid increased demand for tempo...

ECONOMICS

2012-04-11 11:15:25
Financial investment company (SIF) Banat-Crisana completed the exit from Romanian Commercial Bank (BCR) shareholders after it has sold to Erste Bank the latest stake owned at BCR, worth EUR 17 m...

INVESTMENTS

2012-04-11 11:03:57
 Romanian company Transavia, operating  locally  15  chicken breeding farms announced  it opened a new facility at Cristuru Secuiesc, in Harghita county, where it plans ...

INFRASTRUCTURE

2012-04-11 10:51:27
Minister of transports and infrastructure, Alexandru Nazare OKed an intermodal project financed with EUR 2 million from European funds for airport in Cluj-Napoca, sources from the ministry annou...

INFRASTRUCTURE

2012-04-11 10:49:04
Minister of regional development and tourism (MDRT) Cristian Petrescu signed recently an EUR 5 million worth contract at Ramnicu Valcea , foe execution and modernizing works of two streets total...

ECONOMICS

2012-04-11 10:26:53
SIF Moldova (SIF 2), significant shareholder of Transilvania Bank (TLV), propose to other shareholders of the bank redemption of 0,84 percent of the shares package valued at RON16.8 million (EUR...

INVESTMENTS

2012-04-11 10:25:03
German retailer Lidl will open this fall a supermarket in Bucharest, Morarilor area and intends that til the end of the year to reach a network of 200 units nation wide.  Morarilor area sto...

INVESTMENTS

2012-04-11 10:23:10
The only greenfield investment in  production which Chinese ends this year on the Romanian market is a brick factory in Constanta County, a project of EUR 12-15 million, according to Sorin ...

ENERGY

2012-04-11 10:19:34

Energetic Complex Turceni, the largest power plant in Romania registered last year the best financial results since the company's foundation, problems faced Hidroelectrica, leading manufactur...

ECONOMICS

2012-04-11 10:17:21
Syria, a country currently experiencing violent movements to challenge of the president Bashar al-Assad regime, bought last year from Romania wheat and corn worth EUR 80 million, 2.5 times more ...

ECONOMICS

2012-04-10 16:50:25
U.S. stocks began the year in force, top growth was led by Apple and Bank of America shares with over 50 percent  efficiency. The stars of beginning of the year in the U.S. will soon be bro...

ECONOMICS

2012-04-10 14:09:14
Billa supermarket network could exceed 4,000 employees this year, in conditions in that the company will employ between 350 and 500 people in 2012, according to ZF calculations based on the numb...

ECONOMICS

2012-04-10 14:05:26
Mriya Agro, the company which operates 240,000 hectares of farmland in Ukraine near the border with Romania in Suceava and Maramures county finished last year with turnover worth EUR 204 million...

ECONOMICS

2012-04-10 14:02:53
Bucharest Stock Exchange shows increasingly signs of tiredness after strong rally in the first two months of the year, when the BET index increased by over 25 percent. Investors are looking incr...

ECONOMICS

2012-04-10 14:02:28
Xerox launches in Romania Xerox Partne Print Services - partner-printing services- a program that aims to support end clients' business, in particular SMEs, by offering them document management&...

ECONOMICS

2012-04-10 12:43:55
German drug wholesaler Anzag, totalling yearly turnover of over EUR4 billion, has bought a further 20 participation within Farmexpert from businessman Eugen Banciu, the company's founder, increa...

ECONOMICS

2012-04-10 12:35:35
Competition Council announced it runs three investigations suspicious of illegal agreements within  companies participating at  auctions for road modernizing contracts  to be orga...

ECONOMICS

2012-04-10 11:51:35
The European Commission sponsored program EU Gateway opens a new application session aimed at companies active in the Construction and Building Technologies (CBT) Industry for an economic missio...

ECONOMICS

2012-04-10 11:27:34
Total stock of shopping centers in Europe is about 150 million sqm, with an average of 382 sqm per thousand inhabitants, while Bucharest has an average stock of 186 sq m per thousand inhabitants...

ECONOMICS

2012-04-09 16:00:16
French retailer Auchan, that announced the local launch of its real estate arm Immochan, acquired most assets enclosed in the real estate project Coresi Brasov, which was planned to be developed...

ECONOMICS

2012-04-09 15:29:34
Greek bank would plan to sell 30 percent shares of its stock owned within bank subsidiaries in Eastern Europe to European Bank for Reconstruction and Development (EBRD), according to a statement...

ECONOMICS

2012-04-09 15:16:41
Arval Romania, one of the largest operational leasing companies on the local market expects an advance of businesses with 25 percent in 2012, over the performance registered in 2011, according t...

ECONOMICS

2012-04-09 12:08:51
Negotiations with Roman Copper for Cupru Min irrevocably ended, as the Canadian company  rejected the conditions for full payment of contract, environmental  obligations and provisions...

ECONOMICS

2012-04-09 11:04:19
Passenger car registrations increased by over 44 percent in the first three months of this year compared with to same period last year, nearly 14,000 cars, according to statistics of Directorate...

ECONOMICS

2012-04-09 11:01:23
Management of Bucharest Stock Exchange (BSE) has approved trading parameters of Apple, Bank of America, Intel, Coca Cola, Visa, JP Morgan Chase, Microsoft, Google, McDonald's and Merck on  ...

ECONOMICS

2012-04-09 10:59:53
BCR Group, which is the largest bank in the market, ended 2011 with a stock of cars and  wagons recovered from leasing business worth RON 212.6 million ( EUR 50 million) that has offered fo...

ENERGY

2012-04-06 11:25:55
E.ON Gaz Distributie announced it assigns EUR 20 million for modernizing works at Cluj Napoca, for the next 3 years, targeting 160 km of distribution network. The money, around EUR 3.8 million w...

ENERGY

2012-04-06 11:15:51
The contract for selling Cupru Min Abrud will be signed today by Office of State Ownership and Privatization in Industry (OPSPI)  and Canadian buyer Roman Copper, according to Floin Vladan,...

ECONOMICS

2012-04-06 11:05:33
International monetary Fund designated Dutch Erik Jan de Vrijer (photo) to take the lead of IMF mission in Romania, replacing Jeffrey Franks, at the helm of the IMG del...

ENERGY

2012-04-06 10:56:13
Bioromoil Group, owned by businessman Vladislav Chetrar, expects this year business worth USD 230 million, up 30 percent compared with last year's level, and wants to expand in several states in...

ECONOMICS

2012-04-06 10:53:56
Fan Courier Company, owned by three Romanian entrepreneurs, finished last year with a turnover of RON 222.6 million (EUR 51.6 million), up with 17 percent over the previous year. Adrian Mihai, o...

ECONOMICS

2012-04-06 10:50:15
SIF Transilvania (SIF3) came to hold a 5 percent of share capital of Bucharest Stock Exchange (BSE)  after it bought in recent months BSE shares on the stock exchange. SIF3 owns 383,710 BSE...

ECONOMICS

2012-04-06 10:48:12

The  Romanian court annulled a zoning plan in a decision that may further delay a project to set up Europe's largest open-cast gold mine in the Carpathian town of Rosia Montana, accordin...

REAL ESTATE

2012-04-05 16:02:52
Retail chain profi opened a nw unit of 444 sqm at Zalau, the company’s first entry on the retail market of the city, and also, it opened its second unit of 426 sqm at Lugoj,  expanding the ...

ENERGY

2012-04-05 15:42:12
For the next 30 years, Romania should find from different financing sources, an estimated amount of EUR 14 billion in oder to rehabilitate the existing contaminated sites , an estimation of 547,...

APPOINTMENTS

2012-04-05 15:35:01
Onno Rombouts (photo) is the new appointed GM of beer producer Heineken Romania, with a mandate starting June 1, the company anounced today. He replaced Jan Derck ...

POLITICS

2012-04-05 15:10:28
Laszlo Borbely (photo), Environment Minister until today, handed Prime Minister Mihai Razvan Ungureanu  his resignation. Following the discussions run at the Gover...

ECONOMICS

2012-04-05 15:07:47
The new CEO of the Renania, the leading provider of equipment and complete systems for security of work in Romania, Florentina Taudor, aims to develop the company to double turnover Renania over...

ECONOMICS

2012-04-05 15:04:19
The shareholders of Fondul Proprietatea approved in principle the listing on Warsaw stock exchange and also, the proposal coming from the fund’s largest shareholder, the American hedging fund El...

ENERGY

2012-04-05 15:01:02
Romanian strategy regarding nuclear power is expected to see some significant changes in the next couple of months, said Tudor Serban (photo), counselor within The Mini...

ECONOMICS

2012-04-05 14:58:50
Most brokers and analysts believe that the Bucharest Stock Exchange will continue on a positive trend in the next three quarters, after rising 24 percent in the first three months, some of they ...

ECONOMICS

2012-04-05 14:11:41
Agricola Bacau, one of the largest meat processors in the local market, will open four new stores next month in Botosani, Galati and two units in Bucharest. The openings are part of a plan aimed...

ECONOMICS

2012-04-05 14:06:26
Bucharest Stock Exchange has stagnated in the first part of the session, in a market where most shares  have registered slight variations in tradings with low volumes, in the aggregate valu...

ECONOMICS

2012-04-04 16:21:54
EBRD recently announced a EUR 7.6 million worth loan for modernization workings of  water infrastructure in Covasna county, in the central part of Romania.  The EBRD loan is extended t...

ECONOMICS

2012-04-04 15:49:56
Implementation of import VAT deferment in Romania  and the custom duties deferment procedure; are the main obstacles in going further with local strategy for Eastgate Trade Hub of CEE, acco...

POLITICS

2012-04-04 14:58:11
Prime Minister Mihai-Razvan Ungureanu plans to form a national development fund targeting direct investments in Romania, according to a recent statement. The fund would be fed with money resulti...

INFRASTRUCTURE

2012-04-04 14:40:55
This year, Euro Mini Storage bids on expansion. After an investment of EUR 150.000 in the expansion of their actual location, Danu Temelie, managing partner at Euro Mini Storage said that they a...

ECONOMICS

2012-04-04 14:37:35
Eureko Asigurari, Romanian company representing  the international group Achmea, stated a 1.65 percent growth of subcribed insurace policies in 2011, y-o-y evolution, compared with the over...

INFRASTRUCTURE

2012-04-04 14:02:45
Logistics and transportation company Gefco Romania, part of French logistics group Gefco stated a turnover of EUR 43.3 million in 2011, with 30 percent more compared with 2010, when it attained ...

ECONOMICS

2012-04-04 12:20:29
Government approved in today meeting today a decision on the disbursement of RON 648.233 million from the budget reserve fund available to the Government disposition for some administrative unit...

ECONOMICS

2012-04-04 11:26:47
Government considered an information received from DG Employment certifying intention of CE to resume payments for projects under the Operational Programme Human Resources Development (POSDRU), ...

ECONOMICS

2012-04-04 11:24:00
The EBRD is supporting the expansion of cable TV and broadband internet services and the development of the information and communication technologies sector in Romania with a EUR 15 million loa...

ECONOMICS

2012-04-04 11:18:29
Drug distributor Ropharma Brasov (RPH), controlled by businessman Mihai Miron (photo), estimates for this year a turnover up with 12 percent to RON 431.5 million( EUR 9...

ECONOMICS

2012-04-04 11:15:09
Bucharest Stock Exchange fell by 0.72 percent, in a market with low transaction volumes and in which the investors attention was focused primarily on Transelectrica shares (TEL), so these titles...

INVESTMENTS

2012-04-03 16:10:04
Plexus, U.S. telecom equipment manufacturer, will build a factory in Oradea, with an investment of UDS 40 million, which should operate on a year with 500 employees, compared to the 245 employee...

INFRASTRUCTURE

2012-04-03 16:05:21
Government has approved the starting of the procedure by which the debts of CFR SA recorded late last year, of RON 3.99 billion (about EUR 917 million), are canceled by converting it in shares, ...

ECONOMICS

2012-04-03 14:05:08
The green certificates supporting scheme became fully operational after three pending years, according to Ciprian Glodeanu (photo), the president of RPIA – The Romanian...

ECONOMICS

2012-04-03 13:37:43
Molson Coors Brewing Company, the merging company between the Canadian from Molson and the Americans from Coors, and listed nowadays at NY Stock Exchange,  today announced that it has signe...

ENERGY

2012-04-03 13:35:25
Enel Group has maintained its position in the prestigious FTSE4Good index, which measures the behavior of companies in the areas of environmental sustainability, relationships with stakeholders,...

ECONOMICS

2012-04-03 12:29:41
The general manager of Oracle Romania, Sorin Mindrutescu has been named president of the new board of AmCham Romania, within his second mandate in this position, until March 2013. In the last ye...

ECONOMICS

2012-04-03 10:37:13
Consortium of BRD, Americans from Citigroup, the French group Societe Generale and Intercapital Invest won the seat of listing on the stock exchange of a package of 10 percent of the Hidroelectr...

ECONOMICS

2012-04-03 10:28:10
Bucharest Stock Exchange rose by 0.21 percent (BET-C), in a market where six transactions with  negotiated shares of Property Fund (FP), SIF Oltenia (SIF5), BRD, SIF Moldova (SIF2)  an...

ECONOMICS

2012-04-03 10:11:16
Bucharest Court approved the opening of insolvency procedure of RHS Company, at the request of the company, IT distributor, with turnover exceeding EUR 80 million in 2010 and profit in the last ...

ECONOMICS

2012-04-03 10:05:15
Apele Romane (Romanian Waters) put to rent beach sectors of the Black Sea, totaling 430,000 square meters, mainly in the Southern seaside after at the end of March, at the first auction was awar...

REAL ESTATE

2012-04-02 15:38:43
Pharmaceutical distributor Farmexim, owned by Romanian businessman Ovidiu Buluc acquired a 3.5 hectares land n Balotesti area, located in Northern Bucharest, where the company plans to build a l...

APPOINTMENTS

2012-04-02 15:37:06
Dieter Schulz is the new GM of Danone in Central and Southern Europe, taking over the responsibilities of the group’s dairy division in Romania, Bulgaria, Greece and the countries from Adriatic ...

ENERGY

2012-04-02 15:35:11
European Bank for Reconstruction and Development (EBRD) will assign EUR 30 million financings for BRD Groupe Societe Generale, in order to sustain the investments in power efficiency projects. T...

REAL ESTATE

2012-04-02 15:29:23
Local market of leasing office spaces deals is estimated to register a growth in Q1 of 2012, compared with the same period of 2011, as Esop real estate consulting team finds in their latest repo...

ECONOMICS

2012-04-02 15:23:56
All firms on Rasdaq will be moved on alternative system of Bucharest Stock Exchange, which will establish a list of companies qualifying for transfer to the regulated market, they will be oblige...

ECONOMICS

2012-04-02 15:21:36
Japanese beer manufacturer Asahi could enter the local market indirectly by taking Bergenbier in the conditions in which is in the final stage of negotiations for acquisition of StarBev, its sha...

ECONOMICS

2012-04-02 15:19:48
BET index, which follows the top 10 companies on the Bucharest Stock Exchange, rose by 24 percent since the beginning of the year, so the Bucharest Stock Exchange ranks third worldwide, after Ve...

ECONOMICS

2012-04-02 15:16:12
Swiss Capital, the brokerage firm controlled by Bogdan Juravle and Sorin Apostol, brokered in the first quarter transactions with shares worth nearly EUR 240 million, more than twice higher than...

ECONOMICS

2012-03-30 14:09:25
The manufacturer of building materials Cars Tarnaveni (CARS), whose main shareholder  is  businessman George Calburean,  asked insolvency in a file  filed Tuesday in Mures Co...

ECONOMICS

2012-03-30 13:58:59
Vienna Insurance Group (VIG), the Austrian group that dominates the insurance market with a market share of 29 percent at the end of 2011, recorded last year EUR12.8 million loss after  in ...

ECONOMICS

2012-03-30 13:46:40
Romanian National Bank obtained a gross profit last year of RON 301.4 million ( EUR 70 million) according to unaudited data, almost five times lower than earnings for 2010. The central bank has ...

ECONOMICS

2012-03-30 13:32:55
Watson Pharmaceuticals, Inc. (NYSE: WPI) is said to be close by inking a deal of USD 7 billion for buying the Swiss-based company Actavis, within the largest transaction on the pharmaceutical ma...

REAL ESTATE

2012-03-30 13:09:26
The industrial spaces area might see a demand growth of up to 20 percent this year, according to estimations of real estate consultants from Cushman & Wakefield Romania, part of the conclusi...

ENERGY

2012-03-30 12:27:44
Romanian Government looks at passing Transelectrica to one of the ministries as Public Finances, Regional Development Development and Tourism or the ministry of Transports and Infrastructure. Th...

ECONOMICS

2012-03-30 12:11:30
National Investments Company in Romania (CNI) started the auction procedures in order to assign an approximate EUR 5.7 million contract (24.7 million lei) for companies which will develop the de...

ECONOMICS

2012-03-29 15:51:42
An Apple share costs as an iPhone, so it will be inaccessible to small investors.
Tradeville brokerage company, which "listed" foreign companies such as Heineken, Dior and Danone on the Bucha...

ECONOMICS

2012-03-29 15:48:57
Banca Transilvania (TLV) estimates for this year a gross profit up with 20 percent to RON 334.7 million (EUR 76.4 million), and an increase in assets by 11 percent, to RON 28.53 billion ( EUR 6,...

INVESTMENTS

2012-03-29 15:00:47
Symmetrica, a leading local market players of pavement and curbs vibropressed announces plant opening in Prejmer, Brasov county, after a greenfield investment of EUR 2.1 million, making it the p...

ECONOMICS

2012-03-29 14:59:01
Motorola Mobility and COSMOTE Romania introduce MOTOLUXE, the ultra-stylish and ultra-vogue smartphone, the choice for the fashion lovers for both entertainment and business. The elegant design ...

ECONOMICS

2012-03-29 14:54:40
Razvan Botezatu (photo) has been appointed as the regional level of Xerox company, as strategic account operations and services director for Central Europe, Israel...

ECONOMICS

2012-03-29 14:52:57
Electro IT retail chain Flanco, opens in Iulius Mall Cluj, a new store, following an investment of over RON 2.2 million (including stock of goods).The new store, the second opened in Transylvani...

POLITICS

2012-03-29 14:37:46
Starting April, The European Union will launch a program  which enable Euro zone’s citizens to propose legislation, as long as they can get a million signatures on a petition, according to ...

REAL ESTATE

2012-03-29 14:34:34
The Ministry of Regional Development and Tourism (MDRT) announced that 1,800 housing units developed by National Housing Agency (ANL) will be completed this year but new projects will not be sta...

ENERGY

2012-03-29 14:32:14
Romanian Government approved the agreements regarding the exploitation rights settled by National Agency for Mineral Resources (ANRM) and American group Chevron for the Black Sea’s offshore peri...

ENERGY

2012-03-29 14:30:18
A deposit of oil estimated at around EUR 1 billion will start being exploited at Pancota, a region located at 37 km away from Arad county, in Western Romania. The latest year’s prospections in t...

ENERGY

2012-03-29 14:28:25
The 170 workers at ArcelorMittal Tubular Products Galati, who works on steel platform, have entered into an indefinite general strike, demanding increase of wages and of the two annual bonuses.&...

REAL ESTATE

2012-03-29 14:26:26
Romanians prefer to do shopping in supermarkets and hypermarkets in detriment of  block stores, kiosks or discount stores, according to a study made by market research agency GfK. Given tha...

REAL ESTATE

2012-03-29 14:24:33
The project was scheduled to open in April, and after this delay Iulian Dascalu (photo) will lose potential rents over half a million euros. Mall Palas Iasi, part ...

ECONOMICS

2012-03-29 11:01:07
Romanian IT&C retailer for Apple products iStyle Bucharest announced it will open the store to host Apple products within Baneasa Shopping City in Bucharest, to be the largest in SEE region....

REAL ESTATE

2012-03-29 10:59:08
The number of construction permits for residential units registered a drop of 7.3 percent in the first two months of 2012, compared with the same period of 2011, according to the National Statis...

ENERGY

2012-03-29 10:36:38
The subscriptions for the Transelectrica’s second public offering on the Bucharest Stock Exchange  reached an unexpected rate of 137.58 percent of the entire volumes of shares submitted fo ...

ECONOMICS

2012-03-29 10:33:58
Budget for staff salaries at Renault Romania is EUR 300 million annually, said Radu Mavrodin, executive director of human resources at Groupe Renault Romania, company that currently has 17,500 e...

REAL ESTATE

2012-03-29 10:31:40
Real estate development company Adama, one of the biggest players in the residential segment, moved to Victoria Park business park in Northern Bucharest, owned by Austrian investment fund Immofi...

INFRASTRUCTURE

2012-03-29 10:28:02
Ministry of Regional Development and Tourism (MDRT) announced that 45 projects have been approved to get financings worth EUR 30.1 million. The financings are part of Romania – Republic of Serbi...

INFRASTRUCTURE

2012-03-29 10:25:14
The slim growth of 2011 of 5 percent for the local cement market in Romania compared with 2010 was due mainly to the demand of cement, concrete and aggregates for non-residential projects, accor...

ECONOMICS

2012-03-29 10:23:32
HP has launched in Romania the first graphical workstation all-in-one in the world with a display with diagonal of 27 inches in the context that the workstation market in Romania recorded in 201...

ECONOMICS

2012-03-27 17:46:32
Local taxes will increase next year with 16.05 percent, representing cumulativ einflation rate for 2010-2012, according to a draft resolution initiated by the Ministry of Finance. By indexing to...

REAL ESTATE

2012-03-27 17:45:03
Evaluation department of real estate company Colliers International Romania evaluated properties worth EUR 7 billion in 2011, a value with 10 percent higher compared with 2010, the company annou...

ENERGY

2012-03-27 17:42:22
The leading Romanian oil company OMV Petrom (SNP.RO) announced today estimations for a new record high of its net profit, to reach EUR 867.8 million in 2012, despite the slighter lower sales reg...

ECONOMICS

2012-03-27 17:40:30
The chief of Romanian office of International Monetary Fund (IMF), Tonny Lybek stated today that Romania advanced with the reforming process in order to meet the steps agreed with IMF but, accor...

ECONOMICS

2012-03-26 16:47:48
HKD Industries, a fund established by Shachar Shaine, the former GM of Tuborg Romania and Amir Krenzia, the co-founder of Alka group acquired the meat processor Integra. The investors already in...

ECONOMICS

2012-03-26 14:59:02
Raiffeisen Bank announced a net profit of EUR 96 million in 2011 in Romania, a 16 percent evolution y-o-y.

ECONOMICS

2012-03-26 14:42:18
Constanta Court approved the entry into insolvency of the company Murfatlar Romania, a leading local wine producer. The wine producer states that the company will continue development and expans...

ENERGY

2012-03-26 14:02:49

UPDATE: Canadians from Roman Copper Corp, a company about that are known very few details have won auction for sale of Cupru Min Abrud, which owns the exploitation of copper reserves currentl...

REAL ESTATE

2012-03-26 13:29:49
Austrian investment fund Immofinanz consolidated the local owned portfolio to a value exceeding EUR 1 billion after it completed the takeover of real estate developer Adama which has completed a...

ECONOMICS

2012-03-26 13:28:14
Private medical services operator Hilmi Medical Center, the most recent new-entry on the private medical market in Romania announced it plans to expand locally through a private hospital within ...

ECONOMICS

2012-03-26 13:27:00
Mihai Tanasescu, the current Romanian representative at International Monetary Fund (IMF), will take over the responsibilities as VP of the European Investment Bank (EIB) for a six-year mandate,...

ECONOMICS

2012-03-26 12:13:58
Xerox Romania has consolidated its market share on laser printers segment in 2011, both value and volume of sales, pursuing its business strategy focused on SMEs. According to IDC, the number of...

ECONOMICS

2012-03-26 12:12:52
A global study conducted by Kaspersky Lab reveals that a typical family in Romania has, on average, 2.6, devices with Internet access and capables of storing high amounts of data.

ENERGY

2012-03-26 12:09:38
With two days remaining before the closing bid of  Bucharest Transelectrica (TEL),  investors have subscribed about 47.7 percent of total shares offered for sale, placing orders that t...

ECONOMICS

2012-03-23 15:00:20
About one third of the nearly 60 companies on the Bucharest Stock Exchange already called general meetings (AGM) for the presentation of 2011 results proposed to shareholders dividend distributi...

ECONOMICS

2012-03-23 14:50:03
Employers in the UK come to Romania at the end of March to hire hundreds of young people in bars, restaurants and hotels, for a period of 6-12 months and pay aroun EUR 1,000- 1,500 per month.

ENERGY

2012-03-23 13:39:19
Saduokhas Meraliyev, CEO of Rompetrol, the second largest oil company in Romania, with a business of about USD 6.8 billion last year to be changed from office, according to market sources.

ECONOMICS

2012-03-23 13:24:25
Paul Alexandre Maymat will be named CEO of BRD-Groupe Societe Generale (BRD) and was nominated for the position of director of the bank, since May 1, replacing Guy Poupet, president - general ma...

ECONOMICS

2012-03-23 13:23:11
The price of a pack of cigarettes will increase by 15 to 20 bani from July 1, with the increase of total excise from EUR 76.6 per 1,000 cigarettes to EUR 79.19 per 1.000 cigarettes as is provide...

ECONOMICS

2012-03-23 13:00:10
Retail network Profi announced it opened the six shops of the acquired local retail network in Sibiu, Al Comsib. According to Pawel Musial, GM of Profi Rom Food, until the complete branding unde...

ECONOMICS

2012-03-23 12:49:39
British fashion retailer New Look will open at the end of the month the brand’s fifth unit in Romania, the company announced. The new unit will deliver 480 sqm within Oradea Shopping City. The b...

ECONOMICS

2012-03-23 12:41:57
The decision of Romanian Government to increase the budgetary salaries should be kept in modest limits, according to a statement of International Monetary Fund’s chief for Romania, Jeffrey Frank...

ECONOMICS

2012-03-23 12:13:31
President of Raiffeisen Bank, Steven van Groningen (photo) said today within a press conference that Romanian banking market will be able to comprise no more than 3-4 universal banks, while in t...

ECONOMICS

2012-03-23 09:41:35
The ranking of Romania as world’s 32nd most attractive local business environment within 160 countries has been stated by a top delivered by Bloomberg, the local advantage being still, the low l...

ECONOMICS

2012-03-23 09:39:31
Romania will receive EUR 306 million grants from authorities in Liechtenstein, Norway and Island, as part of theEU program to reduce the social and economic differences among the European econom...

ECONOMICS

2012-03-23 09:38:13
The board of International Monetary Fund (IMF) approved the delivery of the fifth tranche of EUR 505 million financings for Romania, following the fourth evaluation of prevention treaty. Current...

ECONOMICS

2012-03-23 09:36:53
The move of low-costs flights from Baneasa airport to Otopeni will add to the Otopeni airport’s traffic some 6,600 passengers per day, to consolidate the current traffic estimated at 14,000 pass...

ECONOMICS

2012-03-23 09:35:29
Total stock of shopping centers in Europe is about 150 million sqm, with an average of 382 sq m per thousand inhabitants.

ECONOMICS

2012-03-21 15:22:21

The law firm Reff & Associates, affiliated to Deloitte Romania maintained the volume of over EUR 1 billion worth transactions assisted by the company’s lawyers in 2011, according to the c...

REAL ESTATE

2012-03-21 14:49:16
Logistics will continue to see a growth potential this year, due to the companies’ tendencies to outsource these services, according to the manager of one of the leading company in logistics seg...

INVESTMENTS

2012-03-21 14:47:14
The technology group The Linde Group, a world-leading gases and engineering company, has signed in December 2011 a deal for the acquisition of the Romanian leading respiratory homecare services ...

ENERGY

2012-03-20 14:32:45
Romania’s Ministry of Economy, Trade and Business Environment nominated following an auction the consortium formed by Erste Group Bank AG, Goldman Sachs International, Commercial Bank of Romania...

ECONOMICS

2012-03-20 14:29:36

Real, hypermarket division of the German group Metro, gave up more than 1,600 people last year, according to the German group representatives. Network of hypermarkets has not opened any new u...

ECONOMICS

2012-03-20 14:25:48
Two large railway projects in Romania will be completed with EUR 944 million, as the European Commissioner Johannes Hahn announced yesterday, following a meeting with minister of Transports and ...

ECONOMICS

2012-03-20 14:22:43
Romanian businessman Octavian Radu (photo) invested EUR 500,000 to acquire a production line for labeling and sorting products as CDs, with a production capacity of 8,000 products per hour, the ...

ECONOMICS

2012-03-20 14:15:15
Starting March 19, the site containing personal documents, videos and scientific works of Albert Einstein has been upgraded and re-launched, in order to display online (at alberteinstein.info) t...

ECONOMICS

2012-03-20 13:53:30
The EBRD’s Board of Directors has adopted a new three-year strategy for Romania, which outlines the Bank’s key priorities for supporting the country’s further transition.

ECONOMICS

2012-03-20 13:50:38
Romania should attract European funds about EUR 30 million weekly until the end of this year to benefit in the 2014-2020 period of the same level of structural funds, said EU Commissioner for Re...

ECONOMICS

2012-03-20 13:47:48
For the first time in "Renault" era of Dacia, Logan sales were surpassed by Duster SUV in February with more than 130 units, according to statistics of Automotive Manufacturers and Importers Ass...

ECONOMICS

2012-03-19 15:36:57
American express parcel company United Parcel Service (UPS) takes over the Dutch delivery group TNT Express, in a transaction estimated at EUR 5.2 billion, representing EUR 9.50 a share, the rep...

ECONOMICS

2012-03-19 15:33:14
Ford Motor Company and the National Agency of Fiscal Administration (AVAS) signed additional act to the privatization contract of SC Automobile Craiova, according to which, the targets to meet t...

ECONOMICS

2012-03-19 11:51:55
The so-called “Rabla” program, targeting the renewal of the overall car park in Romania starts today, according to a release of The Romanian Ministry of Environment and Forests.

ENERGY

2012-03-19 11:24:10
Investments run by Petrom might amount EUR 1 billion in 2012, of which, 70 percent would go to exploitation and production operations, according to Mariana Gheorghe (photo), GM of the company, w...

ECONOMICS

2012-03-19 11:17:00
Electro-IT retail chain Flanco announced that 2012 will be a year characterized by significant growth in sales of mobile devices, 20 percent for notebooks, respectively, three to ten times for t...

ECONOMICS

2012-03-19 10:43:46
Games companies Activision and Blizzard announced the official launch date of action- role-playing game Diablo III on May 15.

REAL ESTATE

2012-03-16 13:05:09
Austrian listed property company CA Immo aims to sell EUR 300-350 million of assets in 2012 and invest the bulk of the proceeds back into the business, according to a company report released thi...

ENERGY

2012-03-16 12:37:02
Serbian oil company Naftna Industrija Srbije AD (NIIS), controlled by Russia’s OAO Gazprom Neft (GAZP) stated that it plans to expand investments in Balkan exploration by 45 percent this year as...

ECONOMICS

2012-03-16 12:33:50
The banking institution HYPO NOE Group from Austria, a provider of public finance, corporate and project finance, real estate finance and treasury solutions, signed with the mayor ship in Craiov...

ECONOMICS

2012-03-16 11:30:19

The two Dutch companies which announced the investments at Cluj, started the employment stages , with Vos Logistics expected to employ 150 persons, while Fencs Industries expected to employ 1...

ECONOMICS

2012-03-16 11:24:58

The stock market had a day quite quiet yesterday, with very low volumes, and the index recorded unsignificant appreciation of up to 0.7 percent in the BET-FI index. Transelectrica (TEL) share...

ECONOMICS

2012-03-16 10:55:53
A draft regulation on the work tablof the European Commission, which will change the operation mode of the EU central depositories, forbid settlement institution in the Member States to directly...

ECONOMICS

2012-03-16 10:51:02

Google changes the formula that its search engine works while the company attempt to overcome the problems posed by current technology and to maintain its dominant market share. In coming mon...

ECONOMICS

2012-03-16 10:49:13

Apple shares reached Thursday for the first time the threshold of USD 600, shortly after the launch of third generation of iPad on Asian markets , tablet being met, Australia and Hong Kong, w...

ECONOMICS

2012-03-15 15:55:33
„The last years taught us a valuable lesson to all the hospitality industry. We learned to be efficient and innovative in times when the demand was decreasing each day. I would say that the curr...

ECONOMICS

2012-03-15 15:51:47
Bucharest Stock Exchange rose 0.43 percent in the first part of the session on Thursday, in a very low market liquidity and the actions of Transelectrica (TEL) returned on the slight increase in...

ECONOMICS

2012-03-15 15:48:30

With the state of the global economy still in flux, film and television financing, an already complex area, is more difficult than ever for entertainment executives to navigate, according to ...

REAL ESTATE

2012-03-15 15:45:07
With almost EUR 500 million worth funds estimated to be assigned to the blocks’ facades rehabilitation program for the next three years, the local market of adhesive producers could gain EUR 45 ...

ECONOMICS

2012-03-15 14:47:20
The rate of absorption of the Structural and Cohesion Funds increased by 0.75 percent in February, according to data released by the Ministry of European Affairs (MAEur). The rate of absorption ...

REAL ESTATE

2012-03-15 14:44:44
Software solutions developer iQuest announced a 40 percent increase in its business in 2011, to have reached EUR 16 million. According to the company, 94 percent of the business came from wester...

ECONOMICS

2012-03-15 14:31:32
Micro-agriculture equipments Romanian producer Ruris plans to expand in 2012 through new distribution units and production line in order to sustain the long-term company’s plans to start the exp...

ECONOMICS

2012-03-15 14:27:48
At Mobile World Congress in Barcelona, Sony launched a trio of new Xperia smartphones that run off the Android operating system. Recently, the company announced another smartphone, named Sony Xp...

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REAL ESTATE

2012-03-15 14:00:00
Capital Property Advisors announced the launch of a new division, of retail leasing. “The new department comes as a result of the increasing demand for brokerage services in land transactions f...

INVESTMENTS

2012-03-15 13:48:58
EnergoBit company intends to invest EUR 10 million in the coming years to expand production capacity at plant in Jibou, Salaj County, after having spent about one million euros in 2009 in the sa...

ECONOMICS

2012-03-15 13:46:52
Electro-IT retail chain Flanco, opens new store concept in Sibiu, expanding the number of point sales  where the customers have the option of testing all products before buying at the 8 cen...

ECONOMICS

2012-03-15 13:41:02
The largest Romanian manufacturer of car batteries, Rombat SA, has a new shareholder: Dutch company Metair International Holdings Coöperatief AU , part of South African group Metair Investment L...

ECONOMICS

2012-03-15 13:37:31
Gloria Jean's cafe network, first international coffee network entered on the local market about seven years ago, will expand this year with at least two cafes, and will reach 11.

ECONOMICS

2012-03-15 08:34:28

The subscriptions for the Transelectrica’s second public offering on the Bucharest Stock Exchange reached 2.34 percent this morning.  The subscriptions from large investors remain at the...

ECONOMICS

2012-03-15 08:17:10
The Diplomat-Bucharest brings you the latest news from the international press (IPR).

ECONOMICS

The Bucharest Stock Exchange started today the subscription for the 15 percent stake (11 million shares) in Transelectrica that the Romanian plans to sell. The subscription period will end March...

ECONOMICS

Petrom, the largest company in Romania, which last year reached a record profit of EUR887 million, began to make money from other activities outside the hydrocarbon segment. Thus, only in Januar...

ECONOMICS

The last years’ dynamics of economy in Europe and worldwide showed a certain demand to turn the labor energy and resources towards the so-called beta skills, which means, the switch to product...

ECONOMICS

Financial banking association Black Sea Trade and Development Bank (BSTDB) plans to increase its business loan operations by 15 percent locally, targeting loans for SMEs, through their banking p...

ENERGY

Rompetrol Group received at the end of February a loan of USD 200 million over five years from a syndicate of banks led by UniCredit, with guarantee from the parent company  KazMunaiGaz (KM...

ECONOMICS

Mamaia resort will have, starting with this summer, a new promotion strategy, a calendar with events and first-aid, said representatives of employers in tourism. Thus, in early May will be relea...

ECONOMICS

Greek dairy producer Olympus Romania contracted EUR 30 million from financial banking association Black Sea Trade and Development Bank (BSTDB) in order to finance the investment in the productio...

ECONOMICS

Romanian company RCS & RDS assesses the possibility to launch mobile services  through an  virtual mobile operator (MVNO) - which would use also networks of rivals like Orange, Vod...

ECONOMICS

Cosmote in partnership with Piconet launched the SMS parking payment service in Timisoara, Resita, Oradea and Satu Mare.

ECONOMICS

Low-cost airline Wizz Air has doubled and even tripled the price of tickets for traveling abroad after March 25, when it will move flights on  Otopeni Airport. Although company represent...

REAL ESTATE

Carrefour opens the 49th supermarket in the country, in Iasi. The store is the 2nd Carrefour Market in the city, while in January this year the retailer opened a supermarket in Iulius Mall Shopp...

ECONOMICS

Romanian–owned pavements and kerbstone company Symmetrica, located in Suceava plans to achieve a market share on its field of 22 percent and a business worth EUR 16.2 million, the company repres...

ECONOMICS

The beginning of next month is the new deadline given by Bucharest city mayor Sorin Oprescu regarding the opening of Pipera passage, this being the fifth term given by the mayor, since October 2...

ECONOMICS

Romanian Government plans to cancel for a period of 6 months the issuance of compensatory titles for nationalized houses, due to the lack of financings. Hence, it already prepared an emergency o...

ECONOMICS

According to Artur Szeski, director at Fitch’s financial institutions department in Warsaw the mother-banks stated their commitment to Eastern Europe by providing capital to their units where ne...

ECONOMICS

RAAPPS( Autonomous Administration of State Patrimony) began selling the first buildings of heritage listed and approved by the Government last year  and gave a plot in Snagov of almost 1,30...

ECONOMICS

Bucharest ranks 76 out of 120 cities, the same place with Rio de Janeiro, in a world ranking of competitiveness achieved by EIU for Citigroup, the first position being  New York, London, Si...

ECONOMICS

In Romania, only 60 city halls use the electronic payment version to collect taxes from Romanian taxpayers. From them, only 30 units use it on a daily basis while for other 30 the program is ...

ECONOMICS

The national currency has a chance of slight appreciation against the euro in the coming months, the exchange rate could fall under the threshold of RON 4.30 / EUR in June, the French group Soci...

ECONOMICS

Dairy producer Tnuva, the largest player in the Israeli food industry, which last year announced the closure of operations in Romania due to accumulated losses, to sell their cows in the context...

ECONOMICS

Network One Distribution (NOD - previously known by the name Asesoft Distribution), leader on the Romanian distribution electro-IT market signed a partnership with Philips to distribute TVs in R...

ECONOMICS

Medicover private healthcare operator expects revenue of EUR 4 million from the hospital inaugurated in Bucharest thru an investment of over EUR 20 million.

ECONOMICS

Ministry of Transportation plans to build the highway representing Romania’s contribution to the project of Black Sea highway, a 7000 km-long plan to go around Black Sea shore and cross seven co...

ENERGY

Enel Green Power has appointed Francesco Lazzeri as the general manager for its subsidiary Enel Green Power Romania, the company announced. Francesco Lazzeri is replacing Carlo Pignoloni who has...

ECONOMICS

The inflation rate calculated for February this year dropped to 2.6 percent, compared with 2.7 percent registstered in January 2012, according to the National Statistics Institute (INS) in Bucha...

ECONOMICS

Within the EU Gateway program launched by European Commission, the companies operating in medical technologies and healthcare can access the Asian market through a new application opened for the...

ECONOMICS

The UK-registered investors attained the largest transaction volumes on Bucharest Stock Exchange in 2011, amounting approximate EUR 250 million selling and purchasing transactions.

ECONOMICS

Romania stated exports worth EUR 3.464 billion in January 2012, according to National Statistics Institute (INS), representing a very low advance compared with the same month of last year.

ECONOMICS

Low-cost division of German group Lufthansa will transfer the airline operations on Otopeni but, it will keep only the flight destination to Koln and give up of the rest of flights heading Berli...

ECONOMICS

Stock Exchange review and Outlook for the next week

ECONOMICS

Following the first two month’s of this year and the contracted businesses due to the weather disruptions, Romania’s economy may post its second quarterly contraction and “enter a technical rece...

ECONOMICS

Ryanair company could operate on the airport in Targu Mures, if elected of the county would approve "financial support" through advertising contracts with the company, said airport management, ...

ECONOMICS

Angelli recorded sales last year of 8 million bottles, the same as in 2010, results supported by exports,which last year doubled. This year the company plans to attack new markets.

ECONOMICS

Minister of Transportation and Infrastructure, Alexandru Nazare asked the national airline company Tarom to take the measures in order to meet the agreed program with the International Moneta...

ENERGY

Enel Green Power, the renewable energy division of Italian group Enel, plans to build new wind parks in Romania this year, with a cumulated power of 180 MW, according to general manager of Enel...

ECONOMICS

Lease Plan Romania, part of the Dutch operational leasing and fleet management group LeasePlan, signed a 3-year operational leasing contract with power distribution company E.ON Moldova for 445 ...

ECONOMICS

The local branch of the American giant Smithfield is the only company in Romania which currently has the green light to make exports of pork and pigs to EU countries, according to the National S...

ECONOMICS

Industrial production fell in January with 0.3 percent compared to the previous month, as gross series, and adjusted by number of working days and seasonality rose by 0.6 percent, announced t...

ECONOMICS

German Chancellor Angela Merkel is the leader most acclaimed by Europeans and French President Nicolas Sarkozy is the most unpopular, according to a survey conducted in Germany, Spain, Italy, Fr...

1 Comment

POLITICS

When no one expected the domestic stock market have increases of 10 percent per month, the stock market has revived. Investors consider us an undervalued market suddenly and without undue risk....

ECONOMICS

German company tilke, specialized in design of auto test circuit and competitions, wants to develop a Formula 1 circuit in Romania, in Bucharest or at the seaside.

REAL ESTATE

Spanish group Inditex will invest EUR 2.5 million for opening a new Zara brand shop within center of Sibiu, being the 18th unit opened under Zara brand in Romania. The new store will deliver 1.6...

2 Comments

REAL ESTATE

SAP Romania, the subsidiary of the German group SAP expanded their operations in Bucharest, by securing 1,850 sqm in S-Park, representing the renewal of the current leasing contract of 1,400 sq...

REAL ESTATE

Belgian developer Atenor Group announced that the infrastructure workings for it Bucharest-based complex Hermes Business Campus have been completed in 2011 but the workings for the up ground bu...

REAL ESTATE

With 95 percent shares stake owned at Bucharest-based hotel Double Tree by Hilton, the rebranded former Tulip Inn hotel located on Nerva Traian street, the Lebanese investor Raafat Sarieddine, p...

ECONOMICS

The budget assigned for MDRT’s program for infrastructure development (PNDI) has been cut with 15 percent by the Executive recently. At the beginning of this yea, Elena Udrea, the former ministe...

INVESTMENTS

Avicarvil chicken producer, owned by Iustin Paraschiv (photo) and part of group of companies controlled by family Paraschiv, plans to open 100 proximity stores under the brand La Provin...

ECONOMICS

HP Romania will provide National Health Insurance House (CNAS) IT solution to achieve the national electronic prescription, the contract is worth  RON 44.99 million, including VAT ( EUR 10....

ECONOMICS

International Press Review (IPR) realized by The Diplomat-Bucharest.

ECONOMICS

With USD 1.5 billion, Dinu Patriciu (photo) ranked 854, compared with 540 last year, while the second Romanian included in the 2011 top conducted by U.S. magazine Forbes, Frank Timis, with a for...

ECONOMICS

Tim Cook, the man who succeeded Steve Jobs at the helm of Apple, announced Wednesday in San Francisco the launch of new iPad tablet on 16 March.

ECONOMICS

Following the partnership established by the American chain of restaurants with Iulius Group, owned by Romanian businessman Iulian Dascalu (photo), Subway will open a 80 sqm unit within Iulius M...

REAL ESTATE

DPD (Dynamic Parcel Distribution) Romania, owned by GeoPost Yurtici Kargo group since June 2011 expects to attain this year a turnover boost of 15 percent, due to several forecasted investments ...

ECONOMICS

Private insurance services Signal Iduna expanded the range of partnerships with private medical centers as clinics and hospitals, with a new ophthalmological center, Europe Eye, according to an ...

POLITICS

Romanian Constitutional Court (CC) ruled today to address the objection of unconstitutionality made by a total of 85 MPs belonging to the Social Democratic parliamentary group and 53 members bel...

ECONOMICS

Romania will receive from EU almost EUR 10 million to distribute fruit and vegetables to schools, in school year 2012-2013, according to a draft decision of the European Executive. Allocation of...

ECONOMICS

Mihai Guran, who coordinates the operations of local division of servers and storage equipments in HP, unveiled the new generation of servers, ProLiant Generation 8, stating that in our country ...

ECONOMICS

Today the Romanian markets started lower, affected by the negative sentiment in the capital markets in respect to a solution to the bond swap deal  between creditors and the Greek state....

ECONOMICS

Franklin Templeton Investment Management Limited UK Bucharest Branch announces today that, following a selection process initiated in November 2011, Citigroup Global Markets Limited has been ...

ENERGY

Karoly Borbely (photo) was elected yesterday as president of the Administration board of chemical producer Oltchim after the administration board took notive of the resignation of Co...

ECONOMICS

International Press Review (IPR)

ECONOMICS

The new model by Dacia...

REAL ESTATE

The group of companies comprising Capital Property Advisors advised real estate transactions worth EUR 40 million in 2011, according to the company’s representatives.

ENERGY

According to the latest statement of President Traian Basescu, a Romanian offshore Black Sea formed by ExxonMobil and oil and gas firm Petrom could start production in 2015-2017.

ECONOMICS

Bosch Group is to extend its manufacturing facility in Blaj, Romania, with the working for the new facility to start next week, the company stated. Beginning with the spring of 2013, wheel-speed...

INVESTMENTS

Preh Romania auto parts manufacturer, supplier for Volkswagen, Audi, BMW and Daimler, and has budgeted for this year total investment of EUR 6 million. The money will be utilised in the purchase...

REAL ESTATE

Company Retail D & I 2011 which has on the local market Dutch franchise Spar will open in March, two new stores in Brasov, so it will reach a total of 10 units under the brand on the local m...

ECONOMICS

Factoring market, which enables financial companies specialized in management of commercial invoice  increased by 43 percent last year, reaching a volume of almost EUR 2.6 billion, accordin...

ECONOMICS

Alico, a company controlled by U.S. giant MetLife, wants to recruit from banks, leasing companies and insurance companies 200 agents and sales managers with experience in the financial sector an...

ECONOMICS

Samsung Galaxy S3 will come into the market in April and will be first launched in the UK, following a partnership related with Olimpic Games. The new S3 will have be a quad-core Exynos processo...

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ENERGY

Brent crude rose to a new all-time high of USD 111 per barrel on average in 2011. Even when adjusted for inflation, this was higher than in 2008 and even higher than during the second oil shock ...

ECONOMICS

Zitec, a leading local producer of online applications, estimates a 25 percent increase this year, to EUR 1.4 million, due to the added value services provided, but also to the increasing number...

ECONOMICS

EU Consumer Spending Barometer indicated broadly no-change in European Union (EU) household spending in the final quarter of 2011 when compared to a year earlier. Nonetheless, being fractionally...

REAL ESTATE

The Romanian industrial real estate market grew by approximately 100 percent in 2011, as total surface leased, according to data disclosed by real estate consultant Cushman & Wakefield. “At the ...

REAL ESTATE

Warsaw-listed real-estate developer GTC posted a worse-than-expected 2011 net loss caused by further write-offs on its portfolio, a Reuters news reads, while, Eli Alroy, the driving force and ch...

REAL ESTATE

Metrorex’s call for offers for execution of workings at subway’s line 4, to link Parc Bazilescu, Laminorului and Lac Straulesti received five offers from companies and consortiums, for a contra...

INVESTMENTS

Private healthcare group Romgermed expects to achieve a turnover of EUR 1 million in the first year of operation for the hospital in Calea Plevnei that plans to open later this year.Hospital wil...

ECONOMICS

German group Bosch is ready for business expansion in Romania and aims over the next eight years a total investment of EUR 120 million, plus the recruitment of about 3,000 people, according to Z...

ECONOMICS

Cost of one hour of labor in Romania had in the last three months of last year, in adjusted way at the number of working days, a growth rate of 0.74 percent over the previous quarter and 9.76 pe...

ECONOMICS

Baneasa Aurel Vlaicu airport buildings, except General Aviation Terminal, modernized, have seismic risk and need consolidation,announced the National Company Bucharest Airports(CNAB).

ECONOMICS

RCS & RDS, the largest television in the local market, with nearly three million customers, has launched news channel Digi 24 HD, through an event with hundreds of figures, including Prime Minis...

ECONOMICS

VTB Capital Plc, the investment banking division of Russian second largest stete-owned bank plans to invest several hundreds million euros in Balcans countries in the nxt years, according to the...

POLITICS

Mark Rutte (photo), the Dutch prime minister, has maintained his government's position that Bulgaria and Romania are not yet ready to join the European Union's Schengen zone of borderless travel...

ECONOMICS

Romanian subway company Metrorex announced it would open today the offers submitted by the companies to execute the workings for the tronson comprised in the subway line 4, to link Parc Baziles...

ECONOMICS

Luxury car sales continued to rise in January, according to statistics of Automotive Manufacturers and Importers Association (APIA), in the context of the local auto market began the year with a...

ECONOMICS

Spanish group Campofrio, one of the largest European producers of meat, sold the last year two pig farms in the county of Constanta for EUR 2.5 million to Danish Group DHC International.

ECONOMICS

Private health care operator Gral Medical, controlled by Robert and Georgeta Serban, will open at the end of 2013 a private hospital of 100 beds as a result of nearly EUR 30 million investment. ...

REAL ESTATE

Metro Cash & Carry Romania, the largest player in the Romanian retail, came to market with a franchise program for stores in traditional trade, entering in a market where are operating 70,000 p...

ECONOMICS

Apple announced an event on March 7, in which the company would launch iPad 3, the latest version of the tablet which has sold in over 50 million units since its first appearance on the market. ...

ECONOMICS

The number of bankruptcies registered in 2011 recorded a climb of 4.42 percent compared with 2010, the largest number of bankruptcies, 55 percent, having been registered in fields as en-detail t...

REAL ESTATE

DiY Romanian chain Dedeman plans to expand the local network to reach over 30 opened units and increase the business with 10 percent, according to Dragos Paval, controlling 60 percent of the com...

REAL ESTATE

Cement producers Holcim and Lafarge managed to redress on positive track the sales registered in 2011, after two years of downsized sales results, stating increases ranging between 5.5 to 7.3 pe...

ECONOMICS

For the first time, Romania ranked within the top 10 of the most attractive countries to generate investments for wind energy, according to the latest report of Ernst & Young’s “Country Attracti...

ECONOMICS

"We try to offer a growing range of services and competitive prices. New approach is the new services we want to bring to the customers. I'm thinking at an insurance service that we want to offe...

ECONOMICS

The largest airport in the country, the Henri Coanda (Otopeni) will increase passenger traffic by 45-47 percent from March 25, after all low-cost flights currently operated by the Airport Aurel ...

ECONOMICS

Intel Corporation announced the official opening in Bucharest of Romania Intel Software Development Center (IRSDC). Intel's new center opening was attended by Mihai-Razvan Ungureanu, Romanian Pr...

ECONOMICS

Banca Comerciala Romana (BCR) announces for Q4, 2011 a net profit of RON 2 million, compared with a loss of over RON 90 million in Q3 and earnings for the entire 2011 fell by over 80 percent, to...

ENERGY

Czech Republic-based Korlea Invest, the power trader which entered Romanian energy trading market in 2005, said it would stop electricity deliveries after midnight on Wednesday because its bank ...

REAL ESTATE

“In US, green certifications for office and industrial buildings dind’t exist ten years ago. In the meantime, there were issued codes which regulates the energy efficiency for buildings and no t...

REAL ESTATE

A recent update to the rules of increasing the energy efficiency of residential buildings published in 2009 has been performed early this year and the law proposal has been sent to the Romanian ...

ECONOMICS

The number of mobile operators in Romania could increase this year. Among those who have expressed a desire to enter our market are China Mobile, the U.S. company AT & T, M3 Group and Teleno...

1 Comment

REAL ESTATE

DTZ Echinox, now part of UGL Services published the latest report "Investments in agricultural land - Romania 2012".

ECONOMICS

Executive Director of the Treasury and arbitration at Raiffeisen Bank, Cristian Sporis, was appointed Secretary of State for Finance in charge of Treasury, post previously held by Finance Minist...

ECONOMICS

Consortium HP Romania and Novensys Corporation will provide to the National Health Insurance (CNAS) IT solution for introducing electronic health insurance card, contract value amounting to RON ...

ECONOMICS

The price of a chicken egg increased in just a week by 50 percent, at RON 1.2, following the entry into force of a provision in the European Union which prohibits the trade of eggs produced by h...

REAL ESTATE

The number of construction authorities released in January 2012 dropped by 0.5 percent compared with the same period of 2011, with 1.732 construction permits released last month, according to th...

ECONOMICS

International car producers’ alliance Fiat-Chrysler is actively searching for possible automotive partnerships, Chief Executive of the two companies Sergio Marchionne said today, quoted by Reute...

ECONOMICS

The businesses of the “oldest” local fleet management and operational leasing company, Fleet Management Services have been much better in 2011, compared with 2010, as the company’s executive dir...

ECONOMICS

Despite a sluggish revenue forecast for 2012, consumer companies plan to Invest in emerging markets, product innovation and mobile commerce, says the latest KPMG survey. According to the study, ...

ECONOMICS

Producer of premium wines, Lacerta Winery estimates for this year a turnover of EUR 1 billion. In 2011 the company sold over 40,000 bottles, over 90 percent of all production, most ranging in HO...

ECONOMICS

Bankers in Romania of the Spanish group La Caixa continues to be the highest paid in the system, ending 2011 with an average gain of RON 10,844 net salary in December. In general, gains in th...

ENERGY

A number of 7 to 7.2 million households owners, representing 83-86 percent of total, next year could pay higher prices for energy and gas, with the start of tariff liberalization, while only ...

REAL ESTATE

Bucharest Court of Justice named the insolvency-specialized company Casa de Insolventa Transilvania (CITR) as judicial administrator of real estate developer Alia Inmobiliaria, the Romanian bran...

REAL ESTATE

The prices for houses, apartaments or other residential properties decreased by 4.3 percent in 2011 compared with previous year, but registerered a tempered decrease pace compared with the 4.6 p...

ECONOMICS

Business services provider ICAP Romania becomes the first Google Premier SME Partner for AdWords sales in the Romanian market, the company announced. This means that ICAP Romania is authorized ...

ECONOMICS

Taxi Mondial, one of the largest taxi companies in Bucharest, asked insolvency, while in recent years made losses of several million RON. Insolvency file is due for settlement on February 29. Ac...

ECONOMICS

Visa and Vodafone have announced a global partnership that will enable consumers to pay for goods and services with the mobile phone instead of cash. The companies will collaborate to develop th...

ECONOMICS

Nokia launched at Mobile World Congress in Barcelona, a cheaper smartphone with  Microsoft Windows Phone operating system, Lumia 610, classified in the price category  below EUR 200, i...

ECONOMICS

Solid gains in the Asian markets overnight led by the Chinese main index Shanghai Composite at +1.24 percent unimpressed Romanian market participants. Bucharest Stock Exchange main indexes BE...

ECONOMICS

AECOM company, delivering consultancy and engineering services in Romania in infrastructure, environmental, water and construction sectors has been involved in the past in preparing the Strategy...

ECONOMICS

Steinhoff, a South African-based and multinational household goods producer might come in Romania to start operations, due to the local opportunities in this segment, according to the company’s ...

ECONOMICS

People working within Bucharest-based offices cram within a space of around 11 sqm, while Bucharest is Europe’s cheapest city regarding the total occupancy costs, ranking after Budapest, Talin a...

INVESTMENTS

Five Romanian businessmen have invested EUR 24 million in a regional oncology center of diagnosis and treatment in Brasov that will be opened at the end of April. The investment was financed thr...

ECONOMICS

PAID, the company issuing the compulsory home insurance policies, estimates at RON 115 million (EUR 26 million) the maximum amount of damages that could be paid from any sudden floods caused by ...

ECONOMICS

Flanco estimates sales of more than 4,000 PlayStation Vita until the end of this year, registering after the launch day a total sales of 150 units, including pre-orders. The retailer had a pre-o...

ECONOMICS

Cigarettes black market fell by 13 percent in January this year, registering a significant decrease over the same period of the last year, when smuggling of cigarettes reached a historic high of...

ECONOMICS

Low-cost Hungarian airline representatives in Romania said they would move the flights to Otopeni, as it was already announced and, according to their officials, the movement represent 25 percen...

ECONOMICS

The European Comission revised at 1.6 percent the economic growth forecast for Romania in 2012, down by 0.5 percent , compared with the 2.1 percent growth estimated in the last quarter of 2011, ...

ECONOMICS

Romtelecom posted revenues down by 8 percent in 2011, compared with 2010, although the decrease registered in the last quarter of 2011 is sgnifcantly smaller, by only 4.4 percent, according to S...

ECONOMICS

Retail network Profi expands by taking over a local retail network in Sibiu, Al Comsib, as pat of the company’s strategy to develop in Romania by adding another 25 sales units by yearend.

ECONOMICS

Bancpost have scheduled in February and March almost 380 land sales, auction houses and apartments in an effort to recover the equivalent of EUR 15 million from loans that customers ha

ECONOMICS

Creating new jobs in rural areas, give to peasants high speed  internet connection and increase cultivated land surfaces are the first three goals of Stelian Fuia, the new minister of agric...

ECONOMICS

Total number of subscriptions (revenue generating units - RGUs) for cable company UPC Romania increased last year by 3.6 percent to 1.608 million, due to the increases in satellite television...

ECONOMICS

Subway, the largest chain of restaurants in the world by number of units, will open its first restaurant in Romania in Iasi in the residential ensemble Palas Iasi, which will be inaugurated in A...

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ECONOMICS

ECONOMICS

Last year Orange Romania had revenues of EUR 937 million, of which EUR 239 million euros in the fourth quarter.

ECONOMICS

Commercial center City Mall, owned by Greek businessman Ioannis Papalekas, after it crossed a long period of searching for investors after it was declared insolvent, could become now a hospital,...

POLITICS

During this morning, on his scheduled visit at Buchaest, the chief of International Monetary Fund for Romania, Jeffrey Franks said that the meeting with the Minister of Finances concluded in ver...

REAL ESTATE

Total market activity mediated by real estate agents in 2011 reached more than 76,000 sqm in Bucharest, out of which a third represented renewals and renegotiations, according to a recent study...

ENERGY

The national subway company Metrorex received a license granted by Romanian Energy Regulatory Authority (ANRE) which empowers the transportation company to purchase through its own transactions ...

ECONOMICS

RA-APPS, the authority that administers government properties sent for auction a hotel situated in Neptun-Olmp resort, for a starting price of EUR 2.43 million, accoding to data of the authority...

ECONOMICS

Novensys recorded at the end of 2011 a turnover of EUR 28 million, up with 40 percent from 2010. Verticals that generate the highest growth are the retail, about 30 percent, followed closely ...

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ECONOMICS

Panasonic Europe launches smartphone Eluga, an ultra slim phone, waterproof and dust resistent, based on Android and containing NFC technology. The company intends to market this model in 1.5 mi...

ECONOMICS

Lufthansa, part of Star Alliance, together with SWISS, Austrian Airlines, bmi and Germanwings stated that it transported in 2011, around 680,000 passengers between its five locations from Roma...

INVESTMENTS

State-owned energy producer, Electrocentrale Deva - part of Termoelectrica - announced its intention to access in March an internal credit worth RON 200 million  (EUR 46 million) fo...

INVESTMENTS

U.S. fast food chain Subway opens first restaurant in Romania in April, in Iasi,in the  Palas complex developed by Iulius Group, owned by businessman Iulian Dascalu.

Subway ...

ECONOMICS

Today the Romanian markets opened higher fuelled by the Greek accord with international lenders and by overnight gains in the Asian markets.
But sellers quickly appeared to cash the profit...

ECONOMICS

1. The Netherlands-Romanian Chamber of Commerce strongly opposes the isolated initiative of the Dutch right wing political party PVV to launch a website aimed at encouraging Dutch citizens to co...

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ECONOMICS

The Romanian markets started higher this week, following the overnight gains in the Asian markets fuelled by China decision to cut its reserve-ratio requirement for banks and by hopes of a solut...

ECONOMICS

Friday the Romanian markets started higher and stayed higher for the whole trading session. The main indexes closing in at +0,20% for BET and +1,14% for BET-FI.

ECONOMICS

At 13:00 the main indexes of Bucharest Stock Exchange (BSE) were showing: BET at +0,63 percent and BET-FI at +1,30 percent.

ECONOMICS

The Competition Council started to check on 11 construction companies which are suspected of common agreement regarding the winning of road maintenance contracts in Bucharest.

ECONOMICS

Supermarket chain Mega Image operated by Belgian group Delhaize opens today a new Shop&Go unit in Bucharest, the company announced. The new unit will have an area of 120 sqm and it is locate...

POLITICS

Prime Minister Razvan Mihai Ungureanu invited Jeffrey Franks, the head of International Monetary Fund’s mission in Romania and Istvan Szekely, the head for Romania of the General Directorate of ...

APPOINTMENTS

As of mid-January 2012, Saint-Gobain Glass Romania underwent a leadership change as French national Jérôme Lionet (photo) was appointed general manager of the Calarasi - based glass producer. “S...

ECONOMICS

Japanese auto parts manufacturer Yazaki, with local business of over EUR 225 million will employ in 2012 over 100 people in the factory in Arad, currently working in about 1,000 people. The co...

ECONOMICS

Plant of cans for juice and beer Can-Pack, located in Southern Bucharest, which produce about 800 million doses annually for export, will send to export this year 50 -60 percent of total product...

ECONOMICS

Manufacturer of china, Apulum, a leading local provider of Swedish concern IKEA, estimates for this year a turnover of about RON 85 million (almost EUR 20 million), up with 28 percent from last ...

ECONOMICS

Increased production of the Dacia plant close to maximum capacity of 350,000 units per year, but lower sales rate in Romania increased three times the manufacturer share of total exports in Roma...

POLITICS

Liberal deputies along with the Social Democrats have asked today the Constitutional Court on the constitutionality of the Parliament Decision no. 1/2012 to grant confidence to the Government.

ECONOMICS

The European Union and the United States announced that beginning June 1, 2012, organic products certified in Europe or in the United States may be sold in either region.

ECONOMICS

Aluminum producer Alro reports a turnover of RON 2.24 billion in 2011, up from RON 1.81 billion in 2010. Its net profit for 2011 increased to RON 230 million from RON 159.78 million in 2010, in ...

ECONOMICS

Financial group Garanti Romania had a consolidated net profit of EUR 8.3 million in 2011.

ECONOMICS

Fujitsu launched Lifebook notebook line based on the second generation of Intel processors and equipped with software technologies such as Intel Anti Theft and Intel Wireless Display. In a pre...

ECONOMICS

Romanian design and engineering company Proiect Bucuresti states that in March this year, will complete the design for the Extreme Light Infrastructure-Nuclear Physics, to be built on the site o...

ECONOMICS

The vast majority of senior executives globally say their organizations have already moved at least some business activities to the cloud and expect 2012 investment to skyrocket, with some compa...

ECONOMICS

The local sales of cars, including commercial vehicles registered a decline of 23 percent in January this year, reaching 4,221 units, compared with January last year.

ECONOMICS

The collection of luxury Italian brand Marni designed for H&M will be available in Romania in H&M locations from Baneasa Shopping City and AFI Palace Cotroceni in Bucharest starting Marc...

ECONOMICS

Romania, as well as 12 other member states of North Atlantic Organization Treaty (NATO), will invest EUR 3 billion in order to acquire and operate 5 no-pilot Global Hawk aircrafts, American-prod...

ECONOMICS

The EBRD has approved a syndicated loan of up to EUR 210 million to Louis Delhaize, a European retailer which currently operates eight Cora hypermarkets on the local market, to finance the compa...

ECONOMICS

Power distributor Electrica estimated that it registered damages worth EUR 10 -20 million due to the extreme weather recorded n the last period in Romania, as Ioan Folescu (photo), the company’s...

ECONOMICS

Telecommunication company Romtelecom currently involves in two telecommunication projects worth EUR 3 millionin Bucharest, targeting Bucharest University and the University Hospital (Spitalul Un...

ECONOMICS

Romania’s gross domestic product (GDP) indicator showed a 2011’s advance of 2.5 percent y-o-y, and a 1.9 percent boost in the last quarted of 2011, compared with the same month of 2010. Still, t...

ECONOMICS

The Minister of Regional Development and Tourism (MRDT) announced that it will reassign some funds from the Regional Operational Program 2007- 2013 (Regio), in order to achieve a better absorpti...

ECONOMICS

Minister of Economy, Lucian Bode appointed deputy general manager of Transelectrica (TEL), Octavian Lohan, head of the company, instead of Horia Hahaianu. "I received confirmation that I ...

ECONOMICS

Retail chain Mic.ro company controlled by businessman Dinu Patriciu filled for insolvency.

ECONOMICS

Sorin Mindrutescu, head of Oracle Romania and member in the Representatives Committee on Property Fund (PF), was elected chairman of the committee following the resignation of Bogdan Dragoi, app...

ECONOMICS

Retail chain Flanco announced a sales hike of 37.5 percent in 2011 compared to 2010, reaching a turnover of EUR 110 million, in line with company expectations.

ECONOMICS

French giant GDF-Suez, which supplies 1.3 million consumers in Romania, confirmed for The Diplomat - Bucharest that it had increased daily gas imports from daily 3.0 million cubic meters in the ...

ECONOMICS

Romanian drugs producer Antibiotice Iasi ended last year with a record preliminary net profit of EUR 4.7 million, with 60 percent over the value registered in 2011.

ECONOMICS

The agreements signed by Romania with financial bodies as International Monetary Fund (IMF) or World Bank and to abide the conditions regulated by these treaties will keep Romania within the pos...

ECONOMICS

Romania needs to build a clearer legislative frame and a stronger power network in order to think of developing electrical vehicle (EV) charging station infrastructure, as Vasile Diaconescu, hea...

ECONOMICS

Domeniile Coroanei Segarcea, one of the top twenty local wine producers, will operate at full capacity this year, after the company completely rebuilt the 300 hectares of vines in the vineyard....

ECONOMICS

BitDefender, Ubisoft, 4PSA or Adobe are just some of the IT companies that offer students the opportunity to enroll in a program this summer to practice in the company, at the eighth edition of ...

ECONOMICS

Bugatti Veyron, most expensive car in the world, was put up for sale last year in Romania for EUR 1.5 million on site Auto.ro.

ECONOMICS

Horia Hahaianu, general manager of state-owned electricity transport operator Transelectrica was revoked today.

ECONOMICS

Law and tax company CMS Cameron McKenna Bucuresti assisted the American group MetLife in purchase transaction involving the insurance companies Aviva Life Zech Republic, Aviva Life Hungary, Avi...

ECONOMICS

The discount retail chain Profi owned by the investment fund Enterprise Investors, running 107 stores network in Romania, announced a rebranding campaign by which, the network will become a “pr...

ECONOMICS

The insolvency-specialized company Casa de Insolventa Transilvania (CITR) has been named by the Court of Justice in Maramures as the legal liquidator for state-owned Romplumb plant located in Ba...

ECONOMICS

L'Oréal, one of the largest players in the local market of cosmetics, with business over EUR 50 million, appointed Gilles Antoine (44) as country manager in Romania.

ECONOMICS

Bucharest Stock Exchange (BSE) reported for last year a turnover of RON 21.73 million (EUR 5.13 million), up 66.4 percent compared with previous year, and net income of RON 16,96 million (EUR 4 ...

ECONOMICS

German retailer Lidl, present less than a year in the local market, has received approval for a loan of EUR 50 million from the International Finance Corporation (IFC), private investment arm of...

ECONOMICS

The combined revenues of the world’s 20 highest earning football clubs have defied European economic woes by growing 3 percent on the previous year, according to the latest Football Money Leagu...

ECONOMICS

The consultancy company KPMG published its latest findings regarding the levels of government support in Member States for the European Commission’s proposal for a Financial Transactions Tax.

ECONOMICS

Bucharest’s underground fiber optic network developed by NetCity Telecom, the managing company which have been established within UTI Group, will be completed by yearend, according to Adrian Flo...

ECONOMICS

The local industrial output stated a flat evolution in December 2011 compared with the previous month but it registered an advance of 1.4 percent year-on-year, according to data from the Nationa...

ECONOMICS

Fondul Proprietatea (FP) announced today that Bogdan Alexandru Dragoi has resigned from his position as Chairman of the Fund’s Body of Nominees on 9 February 2012 with immediate effect further t...

ECONOMICS

Immochan, the real estate division of Auchan, opened a new office in Romania and named a real estate director, Tatian Diaconu, to be in charge with the division’s local projects in the real esta...

ECONOMICS

The estimated sales of flowers acquired through e-commerce state a value of around EUR 60,000 for Valentine’s Day in Romania, according to the expectations of floridelux.ro.

ECONOMICS

RBS and Vodafone announce the extension of their partnership providing inter-bank direct debit service for the payment of mobile phone bills.

ECONOMICS

Sales of cars registered in January this year a decrease of 21 percent over the same period last year, at a level of almost 3,500 units, according to statistics of players in the automotive mar...

ECONOMICS

Telecom regulatory authority, ANCOM, presented a guide regarding the activity of virtual mobile operators without their own network, saying that their launch will increase competition and effici...

ECONOMICS

Covalact inaugurated today in Sfantu Gheorghe, the new logistics center for dairy products, which will help to better distribute products to consumers.

ECONOMICS

United Romanian Breweries Bereprod company recorded in 2011 an increase of 6 percent in cumulative sales volume of the three markets that is present- beer, soft drinks and mineral water - compar...

ECONOMICS

GEFCO Romania, logistics company in the industrial field, carried industrial equipment products made by the Romanian airline World Machinery Works in Bacau for an important player in the aviatio...

ECONOMICS

ICAP Group, company which activates in consulting for business and management conducted a survey in commercial risk management for companies operating in the pharmaceutical industry, study that ...

ECONOMICS

Constantin Dascalu, president of the Oltchim board presented his resignation from the position as company’s administrator.

ECONOMICS

Dutch financial services group ING, registered a net profit of EUR 1.19 billion in the fourth quarter of last year, strong growth compared to EUR 130 million in same period of 2010, but below an...

ECONOMICS

Smart ID Dynamics, company specialized in mobility solutions, announced significant hike in last year's financial results.

ECONOMICS

In December, Romanian exports totaled EUR 3.23 billion, while imports climbed to EUR 4.28 billion, according to data presented by the National Statistics Institute (INS).

ECONOMICS

The Romanian office of Swiss chemical products provider for construction, Sika Romania, led by Ileana Nicolae intends to maintain the growth plans fo this year by focusing on retail and looking ...

INVESTMENTS

Vodafone Romania had 8,327,280 customers at December 31, 2011, which is 3.1 percent less as compared to previous quarter, resulting from the continuous disconnection of the inactive prepaid SIMs...

ECONOMICS

National Authority for Management and Regulation in Communications (ANCOM) released for public consultation a draft decision which proposes to modify the technical and commercial conditions for ...

INVESTMENTS

The new Government seeks an absorption of European funds of 20 percent at the end of 2012, by attracting EUR 6 billion and accelerated accession to the Schengen area by boosting the political di...

ENERGY

Primary energy resources and electricity increased last year compared to 2010, by 2.1 percent, electricity consumption was higher by 4 percent and exports have decreased by 19 percent, announced...

POLITICS

The nominated PM Mihai Razvan Ungureanu announced today the new Government components, after the meeting with the democrat liberals.

ECONOMICS

The real estate investment company Benevo Capital, with Canadian shareholders acquired the former industrial platform of Vulcan plant in Bucharest in order to develop a retail park on the site....

ECONOMICS

Google Chrome will be available in the Beta version for Android on Android Market(http://goo.gl/XeYWH), including in Romania in the next few days, for mobile phones and tablets with Android 4.0 ...

ECONOMICS

The discount retail chain Profi owned by the investment fund Enterprise Investors, running a 108 stores network in Romania, announced a massive stock clearing sale for this week, with products s...

ECONOMICS

The general manager of ArcelorMittal Galati steel plant, Eric Remisz resigned, just four months after his appointment, for personal reasons.

ECONOMICS

CFR has signed six contracts for modernization of two sectors of railway and four railway stations, with a total value of EUR 479 million and the CNADNR signed a contract worth EUR 22.7 million ...

ECONOMICS

AFI Europe, member of israeli AFI Group announced it inked a financing agreement worth EUR 13.4 million with UniCredit Bank Austria.

ECONOMICS

Vodafone Romania launches new subscriptions dedicated to corporate clients, with rates ranging between EUR 2.5 and EUR 85 per month and unlimited calls in group (VAT excluded).

INVESTMENTS

Enel Distributie Muntenia the Romanian subsidiary of Italian group Enel, announced it would invest aproximatevely EUR 12.4 million for modernziign works at the powers stations in Bucharest, Giur...

POLITICS

The new designated PM Razvan Ungureanu, nominated last night and announced within a press conference by president Traian Basescu will run discussion with the coalition’s member parties during to...

ECONOMICS

The Finnish metal sollutions provider Ruukki said the CEE division of the company posted increased revenues by 25 percent, while the average growth withn the group was estimated at around 16 per...

ECONOMICS

The Ministry of Regional Development and Tourism launched an open public tender for the design and execution of 76 sewage and wastewater systems and 64 water supply systems for localities in 10 ...

ECONOMICS

The total amount of property investment volume transacted in 2011 reached EUR 400 million, with the largest transaction recorded in 2011 being the acquisition of the Europolis portfolio at the r...

ECONOMICS

Sonae Sierra received the first ISO 14001 certification given to a shopping centre in Romania, for River Plaza Mall located in Ramnicu Valcea, the company announces. The developer implemented th...

ECONOMICS

The Romanian branch of the wolwide logistics group UPS posted in the first 9 months of 2011, a 15 percent increase of exports compared with the same period of 2010, the comopany announced today....

ECONOMICS

Indian auto group Tata Motors runs negotiatiations with the local authorities in Cluj county for a possible investment of the company within the industrial park Tetarom 3 at Jucu, Cluj county, a...

ECONOMICS

The economic growth for Romania in 2012 has been revised down to 1.5 - 2 percent, compared to 1.8 – 2.3 percent, according to Istvan Szekely, the chief of EC Mission for Romania. The drop owes t...

ECONOMICS

The Bucharest Stock Exchange registered a drop of 0.77 percent after PM Emil Boc announced his resignation from the lead of Romanian Government while the brokers affirm that the PM decision infl...

ECONOMICS

International Monetary Fund (IMF) reached an agreement with Romanian authorities following the fourth evaluation of the stand-by prevention accord of the fund and decided to assign a new tranche...

ECONOMICS

The EBRD approved a EUR 11.4 million syndicated loan to ProCredit Bank Romania. Structured under the EBRD’s A/B loan scheme, the facility includes a EUR 8.4 million “A” loan, of which EUR 5 mill...

ECONOMICS

ExxonMobil Exploration and Production Romania Limited (EMEPRL), a subsidiary of Exxon Mobil, together with OMV Petrom, owned 51 percent by OMV, announces that Domino-1, the first exploration wel...

POLITICS

Catalin Predoiu, Minister of Justice was appointed interim PM in Romania

ECONOMICS

Owners of cars registered in other countries and used for longer periods in Romania will be able to make in the country the technical inspection of their vehicles, operation was not permitted by...

ECONOMICS

Austrian Group Kapsch, with business estimated at one billion euros in the current fiscal year, is considering two other acquisitions of IT companies in Romania and assess the possibility of ope...

ECONOMICS

The businessman Dragos Petrescu, who owns several business in the restaurants field, including City Grill chain, and manages Caru&prime; cu Bere restaurant, provided the first franchise of b...

ECONOMICS

German retailer Lidl will open later this year 66 stores and will reach a total of 200 units, according to press agency Mediafax . The number of new openings in 2012, with shops opened in Januar...

ECONOMICS

The Romanian office of Swiss chemical products provider for construction, Sika Romania, estimates that the local market where it operates since 2002, lost approximate 5 percent in 2011, reaching...

ECONOMICS

Minimax and Macro chain stores, owned by businessman Dinu Patriciu, has asked insolvency in a dossier submitted to the Ilfov Court on February 1.The next judgement term is set for June 19. Moreo...

POLITICS

Romania&prime;s population decreased by over 2.6 million, from 21,680,974 to 19,042,936 people, according to provisional results of Population and Housing Census 2011, announced Thursday by ...

ECONOMICS

German auto parts manufacturer Bosch will lease, in Cluj County, an area of 215,000 square meters of production, an investment totaling EUR 77 million, according to figures released Thursday to ...

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POLITICS

Romanian Central Bank (BNR) management justifies the decrease of interest rate by the strong decline in inflation, which will be within target in the next two years, but sees as main inflation r...

ECONOMICS

Agriculture Minister Valeriu Tabara, said today at a press conference that the cold registered recent days may affect agricultural production of this year. "I know for sure that the amount ...

ECONOMICS

The local operational leasing market posted a value increased by 17 percent in 2011, compared with 2010, reaching a number of 37, 397 vehicles registered in operational leasing contracts , compa...

ECONOMICS

Romanian National Bank announced today the reference interest rate will be 5.5 percent, down from 5.75 percent. The new interest rate will be applied starting tomorrow.

ECONOMICS

The manufacturer of automotive safety systems Autoliv Romania, which is part of the Swedish group Autoliv with total sales of around USD 7.2 billion in 2010 and 43,000 employees, announced that ...

ECONOMICS

ELKOTech Romania, member of ELKO group and leading IT distributor in Romania, has signed a distribution agreement with Fujitsu Technology Solutions. Japanese company operating in the IT and tele...

ECONOMICS

Vasile Andrian, 37, becomes partner of audit and consultancy services company Mazars, with this being the second nomination as partner for a Romanian within the company. Andrian is coordinating ...

REAL ESTATE

Office park City Business Centre (CBC) in Timisoara managed by Romanian businessman Ovidiu Sandor has been sold to the South-African investment fund New Europe Property Investments (NEPI), in a ...

ECONOMICS

BNR foreign exchange reserves fell in January by a half billion, reaching EUR 32.7 billion, while the output nearly tripled from the previous month. Currency outflows amounted to EUR 1.45 billio...

ECONOMICS

Exposure of Austrian banks in Romania dropped in the third quarter of 2011 with about EUR 1.9 billion from the level recorded in mid last year, show data from the Bank for International Settleme...

ECONOMICS

GDF SUEZ Energy Romania announced that will build a wind farm in Gemenele, Braila County. The French company acquired the project from Belrom, a real estate developer. According to company infor...

ECONOMICS

Romeo Jantea, 51, is the new VP and of Chief Sales Officer (CSO) of Uniqa Asigurari, bringing a large expertise in management and insurance, as the 9-year mandate as general manager in the insur...

POLITICS

Miners who had followed to get into the Lonea mine in Valea Jiului in day shift refused to go underground, and another 41 from Mina Paro&#351;eni diggers who worked the night shift, refused ...

ECONOMICS

Weather Station at Intorsura Buzaului, Covasna County, recorded on Wednesday morning, the lowest temperature this winter: minus 32.5 degrees Celsius, while in Harghita minimum winter - minus 27 ...

ECONOMICS

Chemical factory Oltchim Ramnicu-Valcea (OLT) will keep 840 employees in technical unemployment in February, after the last six months about 1,000 employees were in the same situation due to lac...

REAL ESTATE

Last year, the investments in real estate sector dropped by 13 percent compared with previous year and registered a value worth EUR 262.99 million, the latest report by DTZ Echinox say. Bogdan S...

ECONOMICS

Cocor Media Channel, the largest media facade in continental Europe, reported in 2011 a turnover of EUR 1.4 million from the sale of outdoor advertising space. Since its launch in December 2008,...

ECONOMICS

Heating centrals domestic market remained in 2011 at the limit of the value135,000 units reached last year, so it haven&prime;t been registered major changes, according to Ariston Thermo Rom...

ECONOMICS

Facebook, the largest worldwide social-networking service which recently announced the intention of SE listing is said to hace chosen Morgan Stanley to take the lead on its planned initial publi...

ECONOMICS

Austrian bricolage retailer BauMax, operating 14 units in Romania of which two located in Bucharest, posted a slightly increased turnover last year, of EUR 132 million , as the company states in...

ECONOMICS

Banca Transilvania registstered a profit of EUR 31 million in 2011, with 35 percent over the results posted in 2010, due to the increasing revenues obtained from interestest rates and credits an...

ECONOMICS

US-based company Titan Machinery plans to sell agriculture machines and equipments worth EUR 10 million in Romania this year, as being the first operational year locally for the company and its ...

ECONOMICS

Bucharest Court of Justice named the insolvency-specialized company Casa de Insolventa Transilvania (CITR) as judiciary administrator for Staff Collection and Corssa companies, operating the fas...

ECONOMICS

Time to establishing a firm will be reduced to three days from next week, the National Agency for Fiscal Administration (ANAF) with orders already prepared for the procedure, announced on Monday...

ECONOMICS

Company OMV Petrom (SNP), controlled by Austrian group OMV, supplemented gas imports to meet growing demand due to low temperatures, three days after Romgaz Medias took a similar measure

ECONOMICS

Those who paid the fee will get the money back.