Companies
Romania Should Urgently Adopt New Mining Law To Allow Reopening Of Mines
Many of Romania's underground resources are trapped in closed mines which should be reopened, said Mineral Resources Agency director Sorin Gaman, adding a new mining law should be adopted wi...
CNADNR Seeks To Award EUR3.8B Worth Of Highway Contracts This Year
Romania’s national company in charge of highways and national roads CNADNR plans to award contracts for the construction of 375 kilometers of highways worth EUR3.8 billion this year, ZF has...
Under Insolvency, Frigoexpress Focuses On Foreign Markets
Oradea-based freight transporter Frigoexpress, which went insolvent in August 2013, cut its headcount and gave up 50 trucks as part of the restructuring process.
Power Trader GEN-I Wants End Consumers, Interested In Natural Gas Market
Slovenian electricity trader GEN-I says it is interested in supplying natural gas and wants to find end power consumers in Romania, after having signed one of the largest deals ever conducte...
Beer Oligopoly: Ursus And Heineken Hold Over 60% Of Romanian Market
The Competition Council sees the Romanian beer industry, a market of over EUR1.8 billion annually, as an oligopoly with major entrance barriers, as Heineken and Ursus, the biggest players, h...
Group Of Turkish Investors Set To Build Luxury Hotel In Poiana Brasov
Poiana Alba Turism company, controlled by the stakeholders of bakery producer Farinsan Giurgiu, will start, in June, building a 5-star Ark hotel in Poiana Mica (at the Poiana Brasov entryway...
Romcab Hits EUR120M In Revenue On Cable Market
Romanian cable maker Romcab Targu-Mures (MCAB.RO), controlled by businessman Zoltan Prosszer, which several years ago struggled to exit reorganization, boosted revenue by 85% in 2013 alone a...
Romania's Road Authority Pledges To Complete 250 Km Of Highways/Year By 2020
The Ponta government promises a network of 2,440 km of highways by 2020, meaning 1,800 km overall or over 250 km per year would be added to the current network, considering that the roads au...
H&M Opens Two Stores In Pitesti Next Week
Swedish clothing retailer Hennes & Mauritz (H&M) will be opening two stores in Pitesti, southern Romania, on April 17, simultaneously, in two local shopping centers.