The government reshuffle was much greater in scope than expected, both in terms of the value of the portfolios debated and of the powerful political positions [... more]
Romania needs to improve its credibility after the political turmoil surrounding the reshuffling, with the new Government in turn needing to build its policies [... more]
The Boromir group in Râmnicu Vâlcea, leader of the Romanian bakery market, will be left with three companies out of ten following a shareholder decision to [... more]
While the outlook of euro adoption around 2015 is ever more uncertain, economists state the advantage of having our own currency, for which the Romanian elite [... more]
Hilton chain has affiliated Bucharest City Hotel four-star hotel (the former Tulip Inn), which operates 88 rooms and is controlled by Lebanese-born Raafat [... more]
New loans became more expensive in July, both RON and euro-denominated ones, for the second consecutive month, although bankers are complaining of a lack of [... more]
Sparkling wine Angelli Spumante & Aperitive recorded a 5% rise in volumes sold on the Romanian market in the first six months of this year, but the [... more]
Sherif Ussama, the general manager of Blue Air low-cost airline, is getting ready to lay off pilots and flight attendants, after having cancelled all domestic [... more]
In most of the cases, construction firms saw their turnover plunge in the first half of the year, but analysts count on a rally starting next [... more]
GDF SUEZ Energy Trading Romania, a company specialised in electricity trading controlled by GDF SUEZ French-Belgian group, is set to enter the Bulgarian market, [... more]
A new wave of decline will reach the major consumer markets in the second half of this year, considering the state is wiping 1 billion euros from consumption by [... more]
The continued rise of industry in the second quarter of the year, and the return to growth of agriculture and of financial activities compensated for the steep [... more]
The biggest energy producer in Romania, Electrica, as well as a local branch of a Serbian group controlled via a Cyprus-based offshore company are the players [... more]
The drawing of European funds has been one of the criteria in the evaluation of ministers' activities, as announced by premier Emil Boc, an evaluation meant to [... more]
Exports of the Dacia Mioveni plant will accelerate as of 2011, driven both by the current range, and by Complete Knock Down kits shipped to the other plants in [... more]
Several hundred clients of Volksbank met on Tuesday evening to launch a class action against the bank, asking for the elimination of some contract fees and [... more]
Gabriel Sandu, an economist with experience in the furniture and agriculture fields, whom the Democratic Liberal Party (PD-L) in December 2008 put in the [... more]
Violeta Ciurel, who was for five years president of ING Asigurări de Viaţă (ING Life Insurance) - market leader of the segment - and then worked with the [... more]
The biggest fund manager, Erste Asset Management, handling assets worth over 2.2bn RON (518m euros), is tailoring its strategy to the new market conditions, [... more]
BCR, the biggest bank on the Romanian market in terms of assets, has become a real estate agent and launched a portal with sale ads for apartments, houses, and [... more]
Jean-Claude Trichet, European Central Bank president, will be in Bucharest on Sunday to deliver a speech before the gala concert to take place in the evening at [... more]
Banca Comercială Carpatica (BCC stock symbol) controlled by Sibiu-based businessman Ilie Carabulea, proposed its shareholders to increase the share capital by [... more]
Tentative fees in notaries' scale, which are used to calculate fees and taxes for real estate transactions, will be cut by 10% as of September 1st in Bucharest [... more]
Leonardo, the biggest Romanian footwear retailer, held by businessman Florin Panea, which has received approval for judicial reorganisation from most creditors, [... more]
The subsidiaries of Greek financial groups felt the impact of credit risk differently in the first six months of 2010. Thus, while Bancpost saw loan portfolio [... more]
Sales of PC peripherals (mice, keyboards, speakers, webcams etc) in Romania will shrink to around 18 million euros this year, following the decline of computer [... more]
Nokia Siemens Networks, one of the world's biggest technology providers for the telecom industry, will this year enter the domestic energy market which, [... more]
After a year start marked by stormy increases amid global economic revival expectations and a second quarter that brought some of the biggest corrections of [... more]
Banks will make new loans significantly more expensive if they are forced to significantly cut costs for clients with ongoing loans, following the enforcement [... more]