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Peugeot Citroen shuts down the local branch in Romania

PSA Peugeot Citroen, the largest car manufacturer in France reorganized its activities…

BCR will fire 1,600 people and will close more than 60 unprofitable branches

Banca Comerciala Romana SA, Romania’s largest bank by assets, will cut about 18 percent…

Sterling Resources announces gas discovery at Pelican block offshore Romania

Sterling Resources Ltd. (TSX-V: SLG) ('Sterling' or 'the Company') is pleased to announce…

 BVB chief: Romania needs between 5bln and 6bln euros a year to fund current account

Romania needs between 5 billion and 6 billion euros a year to fund its…

Eurolines Romania to post turnover of nearly 54 mln euros by year-end

The Group Eurolines predicts a total turnover of nearly 54 million euros (about 243…

Thomas Petr (Deloitte): Solvency II Directive on insurance industry might start in 2014

The transposition into national legislation of the first phase of the EU Solvency II…

CNP: Romania should join Exchange Rate Mechanism II to switch over to the euro in 2017-2020

Romania should join the Exchange Rate Mechanism II in order to be able to…

Focus FX - Exchange rate forecast (March)

Results of parliamentary elections from Sunday show USL alliance secured a clear majority,…

Capital Property Advisors: The interest for real estate investments resumed in 2012

Due to the significant drop in the ratio between the price asked by developers…

Third alternative trading system on Romanian capital market, to be launched in January-February 2013

The alternative trading system BEST-X (Bucharest Electronic Securities Trading), administered…

Total assets of private pension schemes reach 1.58pct of GDP as of end-October 2012

The total assets managed by all of Romania's private pension schemes were standing at…

Terranova opens local largest store in Cocor Store

Italian fashion brand Terranova opened at the end of last week the company's largest…