US company Hunt Oil has moved its London office to Bucharest, after having signed a partnership with OMV Petrom on two exploration licenses in Romania in September last year.

German rock band Scorpions will play a concert in Bucharest on June 9, at Zone Arena, part of their farewell tour...

Air carrier Carpatair posted a turnover of EUR 74 million last year, up 14 percent on the year before, the company has announced. The number of passengers Carpatair transported in 2010 reached 570,000, an increase of 13 percent on 2009.

E.ON Romania posted a turnover of EUR 942.3 million in 2010, comparable to the one posted the year before, according to the company. E.ON Romania sold 3.4 TWh of electricity last year, up on 3.3 TWh in 2009, while its sales of natural gas totaled 25.8 TWh – down on 26.3 TWh in 2009.

Romania’s trade deficit narrowed to EUR 9.46 billion in 2010, from EUR 9.86 billion a year earlier, the country’s statistics institute INS said Wednesday. Exports rose 28.1 percent on the year to EUR 37.2 billion in 2010, while imports were up 19.9 percent to EUR 46.7 billion.

French businessman Alexis Bonte, who has previously invested in videosharing website Trilulilu and in online strategy game eRepublik, has recently invested in the recruitment website Tjobs.ro. Bonte, along with Fundatia Post Privatizare and Andreas Cser, an angel investor based in London, have provided EUR 0.5 million for the development of the recruitment website.

Romania’s final electricity consumption in 2010 went up 3.8 percent compared to 2009, to 50.5 TWh), according to figures provided by the National Statistics Institute (INS). Electricity exports increased last year to 83.7 million kWh, by 2.8 percent.

The creation of two vertically integrated energy companies in Romania – the planned Electra and Hidroenergetica - would significantly impede competition, crowd out private investment and raise prices, contrary to government claims, according to a recent research study by Candole Partners, which also lists several alternative recommendations.

European private equity firm Axa Private Equity has sold its shares in Gealan Beteiligungs GmbH to German investment fund Halder, which used to own the majority share package in the firm between 2002 and 2004.

Romanian cosmetics producer Farmec Cluj-Napoca, which posted a turnover of EUR 22.8 million last year, up 10 percent on the previous year, hopes this year's business growth will reach 5 percent. One of the channels of growth will come from the international expansion, which has already been started last year, when the company entered the Hungarian market, according to Mircea Turdean, general manager of Farmec Cluj – Napoca.

US company Hunt Oil has moved its London office to Bucharest, after having signed a partnership with OMV Petrom on two exploration licenses in Romania in September last year.

German rock band Scorpions will play a concert in Bucharest on June 9, at Zone Arena, part of their farewell tour...

Air carrier Carpatair posted a turnover of EUR 74 million last year, up 14 percent on the year before, the company has announced. The number of passengers Carpatair transported in 2010 reached 570,000, an increase of 13 percent on 2009.

E.ON Romania posted a turnover of EUR 942.3 million in 2010, comparable to the one posted the year before, according to the company. E.ON Romania sold 3.4 TWh of electricity last year, up on 3.3 TWh in 2009, while its sales of natural gas totaled 25.8 TWh – down on 26.3 TWh in 2009.

Romania’s trade deficit narrowed to EUR 9.46 billion in 2010, from EUR 9.86 billion a year earlier, the country’s statistics institute INS said Wednesday. Exports rose 28.1 percent on the year to EUR 37.2 billion in 2010, while imports were up 19.9 percent to EUR 46.7 billion.

French businessman Alexis Bonte, who has previously invested in videosharing website Trilulilu and in online strategy game eRepublik, has recently invested in the recruitment website Tjobs.ro. Bonte, along with Fundatia Post Privatizare and Andreas Cser, an angel investor based in London, have provided EUR 0.5 million for the development of the recruitment website.

Romania’s final electricity consumption in 2010 went up 3.8 percent compared to 2009, to 50.5 TWh), according to figures provided by the National Statistics Institute (INS). Electricity exports increased last year to 83.7 million kWh, by 2.8 percent.

The creation of two vertically integrated energy companies in Romania – the planned Electra and Hidroenergetica - would significantly impede competition, crowd out private investment and raise prices, contrary to government claims, according to a recent research study by Candole Partners, which also lists several alternative recommendations.

European private equity firm Axa Private Equity has sold its shares in Gealan Beteiligungs GmbH to German investment fund Halder, which used to own the majority share package in the firm between 2002 and 2004.

Romanian cosmetics producer Farmec Cluj-Napoca, which posted a turnover of EUR 22.8 million last year, up 10 percent on the previous year, hopes this year's business growth will reach 5 percent. One of the channels of growth will come from the international expansion, which has already been started last year, when the company entered the Hungarian market, according to Mircea Turdean, general manager of Farmec Cluj – Napoca.