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Uniqa Insurances said it expected gross premiums written to total €20mln at the end of 2012, with the new sales channel UNIQAgent, a project estimated to cost €4mln which would consist in...
Residual Stake Fund that will comprise minority interests of the Authority for State Assets Recovery (AVAS) will not come within the purview of Romanian National Securities Commission’s...
The judicial officers at the Tribunal of Bucharest have acknowledged the request to have the lawsuit opened by the US-based buyout firm QVT against tech retailer Flamingo International for the...
Banking system in Romania will initiate a project for adopting Single European Payments Area standards for the domestic currency payments before the adoption of euro, while the use of the new...
The fourth IMF mission might find itself asking the government to adopt harsh measures given that imbalances are likely to grow larger, as the outlook for meeting IMF/EU targets has become more...
The governor of the National Bank of Romania, Mugur Isarescu made a series of statements at the Parliament hearing, a month after his latest media briefing on macroeconomic issues.
Netherlands-based Imtech, with annual revenues of €3.86 billion acquired Romanian multidisciplinary technical services provider Arconi, in a deal that came as a surprise to players in local...
Retail sales fell 12.1% in August compared to the same period of last year, largely weighed down by the sagging fuel and non-food sales, according to data provided by the National Institute of...
Factory output, adjusted for working days and seasonal changes, dropped in August by 5.9% compared to the same period of last year, led by decreases in quarrying and processing output, according to...
Building material supplier Baumix said next year sales were likely to hover near 2009 level of €11 million despite the sharp decline in construction material market.
Chemgas Holding Corporation that filed court claims against chemical fertilizer manufacturer Amonil Slobozia (BSE: AMO) for an unpaid debt to Chemgas, has agreed to buy the 57.13 million lei worth...
The benchmark exchange rate set by the National Bank of Romania has broken out of its downtrend and inched 0.13 percent to 4.2673 lei per euro, on a calm market, the national currency bracing for...
Atrium Centers developer, affiliatyed to property investment company Carpathian said it would open in spring next year Atrium Center shopping center in Arad, after €75mln investment.
Coca-Cola HBC Romania, world’s largest cola soft-drink maker, opened today in Ploiesti its first energy-saving plant in Romania and a fully-automated mega warehouse, the first of its kind in...
Rompetrol Bucharest (Rasdaq: VEGA) will officially delist from Rasdaq stock market after shareholders’ withdrawal procedures end.
Virgil Stoenescu, member of the board of National Bank of Romania, has caused panic through a series of remarks to the financial situation of Banca Carpatica. Contacted by Wall-Street, businessman...
The number of jobless increased in September by 23,467 month-on-month, up to a total of 625,140, the highest number of the last 5 years and five months, while unemployment rate soared to 6.9%,...
The Government has backed the proposed merger of Otopeni – Baneasa airports, after the shareholders of the two airports nodded their agreements in the September meeting.
The Government has unveiled in its letter of intent to International Monetary Fund austerity measures that include a reduction in public sector wage bill by 0.3% of GDP, 0.25% cuts in overtime and...
The official exchange rate set by the National Bank of Romania advanced 0.22 percent to 4.2766 lei per euro, following the generally downward trend in the region, NewsIn informs.
Air France KLM Airline reported a 30% year-on-year decline in revenues during January-September 2009 for its operations in Romania.
The two chambers of the Parliament have approved today, with 251 votes for and 42 against, the new members of the board of National Bank of Romania for a new five-year term. Mugur Isarescu remained...
More than 36% of Romanian students would accept a job offer abroad, a recent survey conducted by Continental AG and TNS Infratest.
Isarescu’s primary objective at the beginning of a new mandate as chairperson of the National Bank of Romania is the accession to the euro area in 2014-2015, an “ambitious but...
Marian Hoinaru, vice president of Liberal Democratic Party, was relieved of his duties as secretary of state at the Ministry of Agriculture, Forestry and Rural Affairs, according to PM Emil...
Constantin Toma, chairman of Omniasig, part of Vienna Insurance Group has announced his resignation from the helm of the company.
Find out what are the high-tech habits and preferences of Cristian Comanici, sales director of LG Electronics Romania, world’s third largest mobile phone maker.
The official exchange rate set by the National Bank of Romania increased to 4.2776 lei per euro, as the leu lost ground in the early trades, and went up at noon, in tune with the regional downward...
National Company of Pitcoal (CNH) Petrosani said it would layoff some 1,100 workers by the end of 2010, pursuant to EC State Aid Notification made public in April 2007, said Sorin Gaman, director...
The blueprint for the switchover from analogue to terrestrial digital broadcasting and multimedia services countrywide, developed by the Ministry of Communications has been passed in the Government...
Even though stem cell research is merely in its infancy in Romania, stem cell companies are already in full swing with million euro sales and hundreds of clients. With less than 10 local players,...
Annual inflation rate fell slightly in September, to 4.94% from 4.96% a month earlier, but monthly report indicates a 0.39% increase in consumer prices in the period under review, according to data...
According to figures released by Private Pension Association (APAPR) pension funds showed returns of 13.61% on average, equivalent to an investment performance of 17.4% for the last 12 months.
Romania’s trade deficit fell by 60.4% in August from the same period of last year, to €731.7 million (3.09 bln lei), as imports fell faster than exports.
Condmag Brasov (ticker: COMI) pipeline construction company said it had revised its projection for revenues for 2009 to 53% above year-ago levels and for after–tax profit to 55% above a year...
The official RON/EUR exchange rate set by the National Bank of Romania increased 0.15 percent to 4.2840 lei per euro, as the national currency fell in the in the early trades and then strengthened...
Jean Valvis, who sold in 2002 the bottled water brand Dorna to Coca-Cola and milk brand LaDorna to Lactalis, will make his way back into mineral water market with a new brand – Aqua Carpatica...
The number of new car registrations in Romania dropped 70% in September, down to 6,780, while the number of registrations for used cars decreased by 50%, down to 12,630.
The approval of the censure motion by the Parliament would bring down the Romanian government and would deepen the political instability of the country at a time when it needs comprehensive and...
Minister of Finance, Gheorghe Pogea said visibility into 2010 remained limited, as the country may remain economically weak through next year. Ministry of Finances expects the Gross Domestic...