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Stocks at the Bucharest Stock Exchange turned lower in the last day of trading, with loss on all indices, after four successive winning days.
Tobacco company JTI Romania will cut its capital by 18.8 million lei to 73.91 million lei to offset losses, according to a decision made by its sole shareholder, JT International Holding BV and...
Romanian National Securities Commission has approved the decision of construction material manufacturer Prefab Bucharest to switch the listing of its common stock from Rasdaq to Bucharest Stock...
Romanian Post said the restructuring and modernization strategy adopted last week, does not include staff redundancies, and in the event of collective layoffs, the affected workers would receive...
Around 15% Romanians are very interested in scientific discoveries and technology, almost half the average of European Union, a Eurobarometer survey on science and technology showed. The survey was...
Deloitte was ranked as the second largest organization for energy consulting by measure of aggregate global revenue, in Kennedy Consulting Research & Advisory‘s recent Energy Consulting...
German retailer Metro Cash & Carry, one of the largest retailers in Romania with investments of over €1 billion in the local market said it would open at least one Metro Point, a smaller...
The National Bank of Romania set a reference rate of 4.2274 lei/euro, 0.05% higher from Monday, as the leu was trading lower against its European counterpart in the inter-bank market, but recouped...
The task of selling the Treasury bills to banks gets tougher day by day at the Ministry of Finance, as lenders are not willing to accept lower yields and the Ministry has repeatedly rejected credit...
Stocks at the Bucharest Stock Exchange finished down today, in a major selloff that saw investors deserting their holdings.
On June 23, 1995, a handful of people were feeling the fervor of the inauguration of the Bucharest Stock Exchange, after almost half of century of communist regime in Romania. 15 years on, for some...
83% Romanians think poverty has increased in their local areas, above the average in European Union where a similar view is shared by 74.7% Europeans, while one European in six reports a constant...
The owner of TV channel Dan Diaconescu and paranormal show producer Doru Parv were detained for 29 days, the two persons following to lodge an appeal against the District 1 Court ruling.
The digital environment makes entertainment more complicate, said the US comedian Ben Stiller. However, the lead actor in Zoolander launched a digital division of its film production company and...
Terracotta tiles manufacturer Teraplast has completed the relocation of its production lines from Bistrita to Saratel industrial park, which represented a total investment of €26 million.
Mobile telecom carriers will impose as of July 1 a mobile roaming fee cap for the end users who didn’t opt for any of the maximum ceilings proposed for the use of roaming services.
Discovery Networks Central Europe (DNCE) has appointed Dorota Zurkowska-Bytner as country manager for Romania, and Andrei Grigorescu as ad sales director.
The Financial Guard seized around 22.3 tons of raw tobacco at Giurgiu border crossing point that was shipped in two trucks coming from Bulgaria, the National Fiscal Administration Authority said.
After talks for the board of SRR and SRTV broadcasting companies, the liberals have obtained the vice president seat at the Romanian National Securities Commission for which the party will propose...
OTP Bank Romania, the local subsidiary of Hungary-based OTP, said it expects a boost in assets by 3-5% and to stay profitable for the remainder of the year.
Heineken Romania, the second largest brewer in Romania launched today its 0.5l beer can with tactile ink, as part of the global brand innovation platform.
The National Bank of Romania set a reference rate of 4.2234 lei/euro today, 0.09% below yesterday level, as the leu gained in the early inter-bank trades but lost steam at noon.
Stocks at the Bucharest Stock Exchange staged a late-session reversal today, finishing with modest gains, after lingering in the negative territory throughout the entire day.
The Government adopted yesterday a string of amendments to the decisions for implementing a stimulus package for a sustained economic recovery. The amendments consist in a softening of the...
If in the 90’s Recas region was fourth largest vineyard in Banat wine region, now, Cramele Recas is the only winemaker in the area with national coverage, which is ranked fifth in the local...
BRD – Groupe Societe Generale will start on Friday the payout of dividends for 2009 to shareholders registered at BRD shareholders registry, the value of dividends being 0.27947 lei/share.
Carrefour will open on Friday its fourth supermarket in Bucharest, Carrefour Market Ghencea. The new store will have a retail area of 1,200 sqm and will create 78 jobs, the retailer said on Thursday.
The Swedish clothing company H&M (Hennes&Mauritz) will open its first store in Romania, in spring next year, according the financial report of the company.
Oil drilling company Dafora Medias (ticker:DAFR) announced the launch of a new drilling rig that will be employed in the drilling works at 3700 Moinesti, Bacau for OMV Petrom, the company said in a...
Petrom, the largest Romanian company said it had started the production of polymer modified bitumen in Romania under the brand name OMV Starfalt.
Vodafone, the largest telecom carrier in Romania, has unveiled its micro-sim, to meet the needs of smartphone and tablet PC users.
Austria-based Lasselsberger, the largest ceramic wall and floor tiles manufacturer in Romania, recorded first-half sales of €15.4 million, 40% of the sales it had predicted for this year.
The National Bank of Romania set a reference rate of 4.2311 lei/euro today, 0.18% higher than yesterday, as the leu moved higher in the morning, but wiped out gains at noon.
Private airline Eurojet, member of Avolus Group, said it acquired the Cessna Citation XLS 2008, the best selling private medium-sized jet for €9.6 million.
The 15% cut in pension is close to being rejected by the Constitutional Court of Romania, while public sector wages will be cut, sources close to the issue said.
Malta-based Whitebeam Holdings Limited, together with Tidal Wave and Policolor SA tapped paint and varnish manufacturer Orgachim for stake acquisition talks.
The Association for Private Pension Funds in Romania (APAPR), has receive the official confirmation from the Romanian authorities that the contributions level for the second-pillar retirement plan...
The local insurance market recorded an aggregated 2.989 billion lei in gross premiums written in January-April period, 4.4% down from the same period of last year, when total GPW came in at 3.128...
Indices at the Bucharest Stock Exchange plummeted on the Constitutional Court ruling on the constitutionality of the austerity package. The court rejected two of the key parts of the package,...
Leu plummeted to a record low against its European peer today, to 4.2808 lei/euro, on the ruling of the Constitutional Court on the Government austerity package.