Companies
Number Of Small And Middle-Sized Winemakers, On The Rise In Romania
A wine industry investment starts with at least EUR14,000, the sum needed for the reconversion of each hectare of vineyard, continues with the building of the winery, taking several million...
Austria’s Agrana Posts RON101.2M Loss In Romania In 2013
Austrian group Agrana registered loss of 101.2 million lei (nearly EUR23 million) in Romania in 2013, versus profit of RON1.9 million a year before.
CITR Partners Set Up CITR Group
Romanian insolvency practitioner Casa de Insolventa Transilvania (CITR) will be rebranded into CITR, and will be part of CITR Group, a group of companies specializing in personalized solutio...
Billa Opens Supermarket In Focsani, Eastern Romania
Billa, part of German retail group REWE, opens its first supermarket in Focsani Thursday, reaching a countrywide network of 81 stores.
Romania’s Agricultural Sector To See EUR19 Billion Inflow Until 2020
Agriculture has reached its extensive growth ceiling and will direct the EUR8 billion in EU funds made available to it in 2014-2020 to intensive production and processing systems in the next...
Stroe: Raising Dacia Wages Too Much Would Push Production To Morocco
Wage raises at Dacia’s Mioveni plant by more than 150 lei (EUR34) per month would drive the company into a ‘red’ zone in terms of costs, causing Renault management to relocate production fro...
Argus Sees Revenues Rising 34% This Year, To Nearly RON192M
Romanian vegetable oil producer Argus Constanta (UARG.RO) estimates revenues of RON191.7 million this year, up 34%, and a pre-tax profit of RON5.9 million.
Raiffeisen Leasing Financing Up 15% In 2013, To EUR86.4M
The value of financing granted by Raiffeisen Leasing in 2013 increased 15% on the year, to EUR86.4 million, of which 65% were generated via Raiffeisen Bank, and the leasing company made a pr...
Petrom Came Out Of Crisis With 5.5 Times Higher Profit And 9,300 Fewer Employees
OMV Petrom (SNP.RO), the largest company in Romania ended the five years of crisis, 2009-2013, with an all-time high profit of more than EUR1 billion. The profit was 5.5 times higher than in...