Companies
Chinese Company Seeks To Buy Vinarte's Assets, Wine Stocks, Brands For EUR3.6M
China-based Red Gate offered to pay EUR3.63 million for the assets, wine stocks and brands of insolvent Romanian wine producer Vinarte, which were put up for sale at an asking price of EUR3....
Government Approves Tax Exemption On Reinvested Profit
Romanian government approved Wednesday the emergency ordinance regarding the tax exemption on reinvested profit for investments in technological equipment carried out between July 1, 2014 an...
Mandatory Pension Funds Posted RON1.25B Profit In 2013, Up 59% On Year
The total profit of the eight mandatory private pension funds (Pillar II) in Romania reached RON1.25 billion in 2013, up 59% on the year, according to data released by fund administrators.
Prefab Market Expects Recovery After Modest 2013
The concrete prefab market contracted by 4% last year in volume and by 6% in value amid the low demand for products used in infrastructure works, according to the representatives of research...
Major Electricity Consumers To Save EUR40M If Romania Enforces Green Power Subsidy Cut
The major electricity consumers could save about EUR40 million in 2014 if the government adopts a decision to cut the green power subsidies paid by energy intensive industrial companies.
Romanian Entrepreneur Shifts From Leather Goods To Confectionery
Georgica Vaduva worked in the leather goods industry but almost one decade ago switched to the food industry, opening first a restaurant, and now is a stakeholder in several companies operat...
La Fantana Wants Second Position On CEE Water Cooler Market
La Fantana, Romania’s leading bottled water wholesaler, wants to climb onto the second position in the ranking of companies operating on this segment in CEE in five years, says Cristian Amza...
Coca-Cola HBC Romania: Technical Positions Are Hard To Fill
Coca-Cola HBC Romania, leader of the domestic soft drinks market, in the first three months of this year hired more than 30 people, both in the commercial department and in the procurement c...
PA&CO International Saw Revenue And Profit Fall In 2013
Bacau-based builder PA&CO International, controlled by businessman Costel Casuneanu and his wife Paulina, in 2013 posted revenue of around 121 million lei (EUR27.4 million), down 47% on the...