Falling crude oil prices and sales down 11 percent plunged OMV Petrom's 2014 profit by 56 percent to 2.1 billion lei, the worst financial result since 2010. The anticipated decline accelerated in the last quarter of 2014 when the company reported a financial loss of 307 million lei....more »

The Romanian Government has released the draft Tax Code which proposes a series of fiscal measures such as a diminution of the VAT, a reduced flat tax, as well as lower social security contributions for both employers and employees....more »

Rompetrol Rafinare, member of KMG International has posted a gross turnover of 5.6 billion dollar last year, 15 percent more than in 2013, while the operational profit tripled from 29 million dollar in 2013 to 86 million dollar in 2014 as a result of the record-breaking volume of processed feedstock, over 5 million tonnes, at Petromidia refinery. ...more »

Electrica has reported a net profit of 280.5 million lei in 2014, the year when the company was floated on the Bucharest Stock Exchange. ...more »

Electrica is discussing with Fondul Proprietatea about the potential acquisition of the minority stakes the fund holds in its three distribution subsidiary, as well as in its supply division, the distribution and supply company announced in a release sent to the Bucharest Stock Exchange....more »

Delivery Solutions, the operator of courier company Sameday, is preparing for its listing on the new alternative trading system of the Bucharest Stock Exchange (BVB), AeRO, thus becoming the first company of its kind to enter the capital market....more »

Foreign direct investment (FDI) in Romania has declined last year, amounting to 2.43 billion euro, down 11 percent from 2.71 percent in 2013, according to data released by the National Bank of Romania (BNR)....more »

Romania’s Gross Domestic Product (GDP) increased by 2.9 last year, after a 0.5 percent advance in the last quarter of the year compared to the previous three months, indicates a report released by the National Institute of Statistics (INSSE)....more »

The Bucharest Stock Exchange has reported preliminary revenues of about 26.9 million lei, up 10.6 percent compared to 2013 results, while the related profit advanced by 25.4 percent to 11.9 million, above the figure projected for 2014. The pr...more »

Raiffeisen Bank International plans to consolidate its presence in the Central and Eastern European region by expanding operations in countries, such as Romania, Austria, the Balkans, the Czech Republic, and Slovakia, stated Karl Sevelda, Managing Director of the Bank, reads Mediafax....more »