Companies
Owners Of Ploiesti DIY Store Artsani Want To Expand To Other Counties
George Tapu and Oleg Tataru, owners of Artsani Com, which with a DIY and building materials store in Ploiesti generates annual sales of almost EUR30 million, are mulling expansion outside Pr...
McDonald’s Might Expand Romanian Network To 100 Restaurants On Long Term
The local network of US fast-food restaurant chain McDonald’s will expand by at least two new restaurants this year for a total of 69, says Daniel Boaje, who has been running the Romanian op...
Azomures Union Says New Gas Prices To Lead To Production Shutdown
Unionists with chemical fertilizer maker Azomures (AZO.RO) plant Azomures said new gas prices imposed by producers would force the company to shut down production and force 3,500 employees i...
Romanian Online Construction Material Retailer Posts EUR5M Turnover In 2013
Online construction material retailer Depozit-Online.ro had a turnover of more than EUR5 million in 2013, from EUR1.9 million in 2012, and is seeking financing from banks or partners in view...
UniCredit Tiriac Bank To Pay RON67M For 99.9% In UniCredit Leasing Romania
Romania’s UniCredit Tiriac Bank plans to acquire 99.99% in sister company UniCredit Leasing Romania for 66.87 million lei (about EUR15 million).
CFR Marfa Starts Layoff Process
Romanian freight railway carrier CFR Marfa started at the end of March the layoff process for a number of 2,500 employees, in accordance with the IMF agreement, Transport Ministry said in a...
Austrian Property Investor Expands Into Romanian Farming
Austrian investor Alfred Beck, a stakeholder in real estate group S+B Gruppe, has come to farming holdings he values at EUR10 million through a vineyard in Mures county and 650 hectares of f...
Miele’s Brasov Plant Had EUR27M In Revenue In 2013
The Brasov plant of Germany’s luxury home appliances producer Miele has come to manufacture 4 million electronic units (home appliances parts) per annum and its revenue hit EUR27 million in...
Turism Felix Expects 2014 Earnings To Match Those Of 2012
Romanian hotel operator Turism Felix (TUFE.RO), controlled by regional investment fund SIF Transilvania (SIF3.RO), estimates a 3% growth in turnover this year and a 4% decline in gross profi...