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Calgary-based energy company Sterling Resources considers selling its offshore oil exploration concession in the Black Sea, said Cristian Petrescu, member of industry commission within Deputy...
3TS Capital Partners, the Growth Capital Investor for Central and Eastern Europe said its 3TS Cisco Growth Fund had invested in InternetCorp, one of the top independent online media companies in...
Capital Research and Management Company, the advisory arm of US-based Capital Companies, is now holding more than 5% of Erste Group shares (ticker: EBS), the Austrian-based banking group said in a...
Dacia is Europe’s leading car manufacturer by new car registrations in the first ten months, in a market that fell 5% to date. General Motors and Saab had the weakest performance in Jan-Oct...
Almost a year since the onset of the stock market crisis, investors and brokers have learned some valuable lessons. Wall-Street has interviewed stock market specialists and compiled a list of top...
Bank Leumi Romania said its after-tax profit for the nine months ending September 30 increased by 60% to 11.7 million lei (€2.76 million) from 7.3 million lei in the same period of last year.
Sterling Resources Ltd said its third-quarter net profit jumped 70-fold to 69,758,879 Canadian dollars, from 994,363 in the same period of last year.
Carpatair airline, held by Nicolae Petrov, said it signed a lease-to-purchase agreement for the acquisition of three new 72-seats Fokker 70 aircraft.
Romania must lower the single tax and the added value tax and lay off 4 out of 5 public sector workers. However, in 2010 the country will face higher unemployment rates “and an acute need of...
Commercial vehicle market will fall sharply this year, by around 60% to 16,000 units, Eugen Grigoras, brand manager VW Commercial Vehicle told Wall-Street.
As magazine subscribers become few and far between, and subscription prices are practically free, there is an approach that publishers can take to maximize revenues from traditional print...
The official exchange rate set Thursday by the National Bank of Romania fell to six-week low, as the local currency traded below the 4.28 level, after mild increase in the morning, amid a generally...
The Bucharest Stock Exchange traded sideways today, and finished slightly lower than yesterday, while the FIC sector (BSE:SIF) managed to eke out 0.50% gain near the session’s close, in a...
For the first time since the arrival of the French group on the domestic market, Lafarge Romania will post a drop in turnover in 2009, in the context of the financial crisis’ impact on the...
Central European Financial Services(CEFS), a company set up by Florin Pogonaru, is the institutional administrator of a Netherlands-based private equity fund, where Erste Bank contributed €10...
Dragos Damian, who had been appointed Actavis head this summer, after resigning from Zentiva Romania, stepped down in order to pursue other career opportunities
The benchmark exchange rate set by the National Bank of Romania edged up 0.09 percent to 4.2817 lei per euro, as the national currency lost ground in the early trades in line with the its peers in...
FIC sector (BSE:SIF) at the Bucharest Stock Exchange finished up 1% Friday, despite the bearish trend of its external peers, and the 0.16% decline in the BSE’s composite index.
Traian Basescu got most votes in the first round of the presidential elections (32.8 percent) and was closely followed by the social-democrat leader Mircea Geoana, with 31.7 percent, according to...
After counting votes from 48.1% polling stations, incumbent president Traian Basescu leads in the first round by 3.67% with 32.84% votes, with Geoana close behind with 29.17%. Liberal leader Crin...
Sibiu-based Rova Romania, acquired last year by Swedish group Lindab is close to being integrated into Lindab Romania, local subsidiary of Lindab.
CEC will issue chip cards and will launch new payment services via its ATM network and points of sale.
Law firm White&Case signed €400,000 contract with EnergoNuclear, the constructor of 3 and 4 reactors from Cernavoda nuclear power plant for 10 years, said the managing director of...
The man who died at the hospital in Iasi, diagnosed with swine flu and admitted to the hospital suffered a cardiac arrest, as the underlying health issues complicated his condition. Romania...
Romania ranks 149 out of 183 economies analyzed in the World Bank and PwC’s Paying Taxes 2010 report from the point of view of the ease of paying taxes and contributions, slightly lower that...
Retail group Pic, held by Penescu brothers, is subject to insolvency proceedings, due to the outstanding debt the group owes to creditors and the 30% decline in sales.
The official exchange rate set by the National Bank of Romania dropped 0.02 percent to 4.2809 lei per euro in quiet trading, in contrast with its emerging peers, NewsIn informs.
FIC sector (BSE:SIF) at the Bucharest Stock Exchange jumped 4% today, as the market closed 1.42% higher, and thus joined the world stock rally.
As from 25 November 2009, the National Bank of Romania is to put into circulation for numismatic purposes a silver coin dedicated to Timisoara, the first European city lit by electric street lamp.
One in three Romanians will access news and information websites by using a mobile device in 2010. Currently, 22% Orange customers and 17.2% Vodafone subscribers are using these services, according...
Romania’s health officials confirmed today the second death of a Romanian citizen from swine flu and 190 new cases over the past 24 hours, lifting the total number of people infected with...
National Agency for Mineral Resources said the royalties from companies that pump oil and natural gas from Romanian territory in the nine months ending September 30 fell 18.5% to 667 million lei...
The benchmark exchange rate set by the National Bank of Romania dropped to the lowest in seven weeks, to 4.2648 lei per euro, down 0.38 percent from yesterday, following a foreign currency selling...
Low-fare airline Wizz Air will introduce as of next year new routes from Timisoara, Cluj-Napoca and Bucharest to Italy.
Romanian-based fertilizer producer Azomures (ticker: AZO) said it would challenge in court the decision of the National Guard for the Environment to impose a fine of 80,000lei for...
BET index at the Bucharest Stock Exchange increased by 1.15%, led by the sharp growth of TLV shares that touched a new year-high as FIC stocks (BSE:SIF) jumped 0.94%.
National Bank of Greece’s profit in Romania fell 23% in the nine months through September this year compared to the same period of 2008, to €17 million, while pre-provisions profit grew...
Banking operations of EFG Eurobank in Romania, parent-bank of Bancpost, generated a net loss of €4.3 million, 43% lower than €7.6 million in first half, thanks to its cost-containment...
Billionaire investor Ion Tiriac agreed on November 13 to sell 49% stake in Mercedes-Benz Romania SRL to Daimler.
In the best case scenario Romanian leasing market would remain in 2010 at this year’s level, according to financial leasing companies, who expect revenues below €1.5 billion this year.