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Porsche Romania, importer of Audi in the local market will bring the new Audi A8 in spring.
Happy Tour, Romania’s largest travel agency will spend around €400,000 to strengthen its brand in the local market, according to own statements.
Two masked robbers struck a Raiffeisen Bank branch in Resita, Caras Severin county and made off with €5,000. The two men were armed, according to county police officials.
Charcuterie producer Caroli Foods, has invested €189,000 in “Efficient management for a constant development”, project 78% financed from Phare funds and 22% by the company. The...
Visa Europe predicts that Monday November 30 will be the busiest ever day for online shopping in Europe and over 3,000 transactions carried by cardholders of Visa cards set to take place every...
Rompetrol, fully owned by state-owned KazMunaiGaz has lowered gasoline prices by 0.02lei/liter, and kept diesel prices unchanged, the oil company said.
Annual inflation rate in the euro area turned positive in November, for the first time since April, as consumer prices advanced 0.6% from the same period of 2008, according to a flash estimate...
Sanofi Aventis, majority shareholder of Zentiva Romania (ticker: SCD), added 825,500 shares to its majority holding in the company it owns, after drawing as little as 3.4% of the share capital in...
The European Commission has given Romania until January 2010 to present technical and economic details requested by the institution on nuclear reactors 3 and 4 the country will build at Cernavoda,...
The national currency of Romania inched up 0.16 percent to a benchmark level of 4.1738 lei per euro in quiet trading, ahead of the National Day of Romania on December 1, NewsIn informs.
Erste has revised its 2009 budget gap forecasts on Romania, to 7.9% of GDP from previous estimates of 7.3%. Erste analysts said the 2010 deficit is likely to hover near 6.8% level, significantly...
FIC stocks (BSE: SIF) at the Bucharest Stock Exchange finished up 1.45% in a generally steady session, failing to follow the downtrend of the European markets that remained heavily influenced by...
Dragos Damian will retake the chief executive position at Terapia Ranbaxy, a company he ran during 2006-2008. He will thus begin his fourth mandate of the past three years, sources closed to the...
The liquidity at the Bucharest Stock Exchange dropped markedly in November, which reflected in brokerage transactions, and in the country’s leading brokerage firm league table.
The Romanian government owes €100 million to the US-based engineering and construction company Bechtel, that completed a section of 42km stretch of Transilvania Motorway, according to the...
Romanian National Securities Commission has brought criminal charges in a probe into activities of seven former Broker Cluj brokers, while five others are facing foreclosure to compensate injuries...
The local authorities announced two other deaths caused by swine flu, the total number of victims reaching five, and 168 people caught the AH1N1 virus in the past 24 hours, according to the Health...
Romania's foreign currency reserves reached a new historical peak in November, of 28.73 billion euros, 1.18 percent up from the end of October, on fueling the accounts of the Public Finance...
Insurance company Astra Asigurari estimates a net profit of more than 9 million lei this year, three-fold up compared to last year, and 23 percent higher business to 800 million lei, according to...
The Bucharest Stock Exchange (BSE) rose 1.27 percent at day-end, the best evolution being seen at the SIF sector which jumped 2.7 percent, as it followed the positive evolution of the external...
The Central Electoral Bureau has made public the results of the vote counting that ended earlier, that showed Basescu won a second five-year term as president of Romania with 50.33%, at narrow...
Quarterly indicator of unit labor costs per hour, adjusted by the number of business days rose in third quarter by 0.32% from previous quarter. The annual growth rate remained high at 8.01%, data...
Lasselsberger Romania, fully-owned subsidiary of Austrian-based manufacturer of ceramic wall and floor surfaces, is under criminal probe, according to data extracted from the Trade Registry.
Generali PPF, majority shareholder of Ardaf, will pay some 1.3 billion lei to minority shareholders, as part of the insurer’s efforts to pull out of Rasdaq listing, the company said in filing...
State-owned natural gas supplier, Romgaz said it will begin test production in seven newly-discovered gas formations and will deploy 40 wells to find other potential gas fields.
Delinquencies for loans higher than 20,000 lei have risen 9.9% in October from a month earlier, as loans 90 days past due have passed the 4 billion lei mark, data provided by the National Bank of...
Long delays in forming a new government or snap elections constitute an important risk, but the probability of early elections is rather low, given the absence of strong incentives among the major...
The local currency suffered a sharp fall in the morning today, as insiders suspect NBR for acting aggressively to counter the massive leu sell-off after the Central Electoral Bureau made public the...
FIC stocks (BSE: SIF) at the Bucharest Stock Exchange finished 5.59% lower today, while the market fell 3.5% in a massive sell-off, amid political tensions. The overall market liquidity was boosted...
Colliers International, the leading real estate services company said it would no longer charge fees both from vendors and buyers in a transaction with a commercial property, but from one side.
International Monetary Fund will stand firm on the target for Romanian 2010 budget gap, of 5.9% of GDP, a comfortable target even in the event of Romania’s failure to emerge from the...
Dacia will bring the new 4x2 and 4x4 versions of Duster in Europe, Turkey, Algeria and Morocco in spring next year and in June 2010 under Renault brand in Ukraine, Middle East and Africa.
Romania’s year-on-year seasonally adjusted industrial production fell for the 13th consecutive month in October, sliding as little as 1.5%, pointing to signs of recovery, data provided by the...
Although there are several scenarios for Romania’s exit from the economic crisis, restarting aid deal with the International Monetary Fund is the only solution at hand, said the senior...
Bucharest Stock Exchange indexes posted a modest gain today, as investors weigh concerns about the political deadlock in Romania, while the uncertainty regarding the increase in equity holding...
The National Bank of Romania has set the leu’s daily mid-point at 4.2249 versus its European peer, 0.26% above Monday’s reference rate, despite the early morning gain.
The Hungarian-based airline Malev said it plans to increase its market share in Romania by attracting passengers currently flying with Tarom or Austrian Airlines.
Franklin Templeton Investments (NYSE: BEN) has confirmed to the Selection Commission of the Fondul Proprietatea that its final offer remains valid until at least 9 June 2010.
Romtelecom and Ericsson signed a five-year partnership to outsource the network management and field operations and transfer 400 workers to the wireless phone network maker, in a bid to boost...
The first half of 2010 will be crucial for the banking system, as the real cause of the current crisis in the market lies in the problem loans, said Nicolae Cinteza, NBR.