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Dacia manufacturing facility will increase output from 1,200 cars a day to 1,340, as of June 15, 2009, on rising car demand for exports, following to recruit 500 new staff.
Erste Asset Management increased its common capital from 1 mln lei to 6 mln lei after the decision unanimously reached by the members of General Meeting of Shareholders earlier this month, reads...
Oil products trader Petroexportimport (PEI) anticipates it will continue on the minus in 2009, with a loss of 2.15 million lei, close to the negative result reported last year, according to the...
Asesoft Distribution, one of the leading providers of computer-based services in Romania agreed to buy 51% stake in eMag, Romania’s biggest online retailer, the two companies announced. This...
Mentor Finance, a subsidiary company of Mentor Group Holdings said it recruited 15 million euros for an existing residential project in one of the main cities of Romania, without disclosing the...
The sale of three titles, currency fluctuations and fierce competition especially in tabloid segment sank Ringier Romania’s business 27% in 2008, down to 38.7 mln euros, the Swiss-based media...
Owners of apartments built in 1950-1989 slashed the asking prices on their properties by as much as 40-50% in the first quarter of 2009 compared to prior-year period, when the price per square...
Over 15% of Romanian companies have engaged in IT outsourcing, BIT Solutions informed, BiT Solutions informed.
At the end of March 2009, the non-government loans granted by credit institutions dropped 2.1 percent from February, calculated in lei, to 202.6 bln lei (47.84 bln euros), while the annual growth...
The number of bankruptcies in Romania advanced by 55 percent year-on-year in the first three months and the number of newly-registered firms slipped by 34.4 percent, an effect of the economic...
BMW unveiled at Shanghai AutoShow two new members of the new 7Series family, BMW 760i and 760Li, which will be available to order in Romania as of this fall, company informs.
Ranbaxy Romania, subsidiary of India’s largest pharmaceutical firm reported a de-growth of 8.4% in first quarter, down to 945 million Rupees (19 million dollars) following the steep...
The reference exchange rate settled by the central lender BNR inched 0.17 percent to 4.2290 lei per euro today, after the national currency dipped to 4.24 in mid-session, in line with the evolution...
The sale of the Royal Bank of Scotland Romania could be finalized in the second part of the year, but if the price is not satisfactory it could be postponed, according to the president Peter Weiss.
Romania's Finance Minister Gheorghe Pogea declared today in front of the reunited Parliament that the budget revision was determined by a drop in revenues and estimated that in 2010 Romania...
Raiffeisen Bank Romania projected a net profit of 398.57 million lei in 2009, down 44.7% from 721 million lei a year earlier, based on Romanian accounting standards.
National Bank of Romania should reduce the benchmark interest in the following rate-setting session scheduled for May 6, as long as the lending activity stays low, in spite of the high market...
BenQ Romania, the local subsidiary of Taiwan-based manufacturer of electronic devices expects the turnover to stay in the range of 14.7 mln euros this year, similar to last year’s result.
Rompetrol Well Services, the oilfield service division of Rompetrol forecasts a slightly lower profit of 22.7 million lei (5.3 million lei), reads a press release remitted to the Bucharest Stock...
Vienna has passed Swiss city Zurich to take the top spot as the world’s city with the best quality of living, according to the Mercer 2009 Quality of Living Survey.
Several banks expressed the intention to become market makers on the derivatives traded on the Bucharest Stock Exchange, declared the BSE’s president Stere Farmache.
Portuguese commercial center developer Sonae Sierra lost more than 50 million euros last year following the reevaluation of lands and works completed in Ploiesti and Craiova, according to the...
Citroen Romania, the importer of French car brand will enter the used car business next year, as the second-hand car market is currently on ice, CEO of Citroen Romania, Didier Gerard told...
Petrom, Romania’s biggest company said it expected an annual net profit of 1.11 billion lei this year, up slightly from last year and turnover to slide by a third, according to the revenues...
Orange Romania, the biggest telecommunication operator booked 264 million euros revenues, down 14.1% from prior-year period.
Central European Media Enterprises, the owner of Pro TV S.A., reported net losses of 44.4 million dollars in first quarter of the year and sagging revenues by 37%. Q1 2009 was the toughest in the...
Siemens AG, Europe’s biggest engineering conglomerate reported total sectors profit for the second quarter of the fiscal year up 43% year-on-year, to 1.844 billion dollars compared to...
Romania's Central Bank (BNR) indicated a reference exchange rate of 4.1974 lei per euro today, down 0.75 percent over yesterday, the lowest level of the past two weeks, after significant sales...
Transelectrica sealed a 27.43 million euro contract to retool the Mintia high-pressure with a joint venture made up of Siemens Romania, Siemens AG Austria and Smart Romania, reads a press release...
Romania's Finance Ministry revised down by over 300 million lei the budget gap after the first three months of the year versus the data reported by the minister Gheorghe Pogea two weeks ago,...
Green product distributors Natura Land and Bio Markt Retail Group merged into a single company dubbed Bio Logistic, following a 350,000 euro investment of the latter firm, declared the...
The private pension market watchdog CSSPP authorized today the twelfth optional pension fund, Aviva Pensia Max, which has a high risk profile and is administered by Aviva Asigurari de Viata, NewsIn...