Companies
Carpatair, No More Regular Flights From Romanian Airports
Carpatair, the private airline which went insolvent this year, no longer operates regular flights from Romania’s airports as the company’s reorganization plan has not been endorsed by credit...
DLA Piper, To Get More Involved In Banking Litigations
The Bucharest office of international law firm DLA Piper plans to focus on banking litigation this year, a segment it “has not been highly present on” so far, managing partner Marian Dinu to...
Cola Wars: How Coca-Cola And PepsiCo Split Bucharest's 5-Star Hotels
Radisson Blu and InterContinental are two of the 5-star hotels of Bucharest where Coca-Cola is present exclusively, while JW Marriott has an exclusivity contract with Coca-Cola’s main rival,...
Robert Bosch Romania Has New Managing Director
Mihai Boldijar was named the new managing director of Robert Bosch SRL and the representative of German group Bosch in Romania and Bulgaria at the beginning of the year, replacing Brigitte E...
NEPI Takes EUR20M Loan From Garanti Bank To Refinance Shopping Mall In Galati
South-African property investment fund New Europe Property Investments, or NEPI (NEP.RO), got a EUR20 million loan from Garanti Bank to refinance its investment in a shopping mall in Galati,...
Carbochim Seeks To Raise RON6.4M From Shareholders For Capital Hike
The managing board of Romanian abrasives maker Carbochim Cluj-Napoca (CBC. RO) has proposed to raise RON6.4 million from shareholders to increase the company’s share capital to RON16.1 milli...
Hidroelectrica Administrator Seeks To Replace 80% Of Management In Two Months
The legal administrator of Romania’s insolvent hydropower producer Hidroelectrica wants to replace 80% of the company's management within two months and has started by appointing Adrian Gheo...
Major Travel Agencies’ Revenue Projections For 2014
Five large travel agencies operating on the Romanian market, Happy Tour, Perfect Tour, Eximtur, Aerotravel and Christian Tour, reached total revenue of around EUR200 million last year, accor...
UniCredit Tiriac Bank Expects Romania Will Absorb EUR6B In EU Funds This Year
Romania could absorb this year more Eu funds than in all previous years combined, of EUR6 billion, and reach and absorption rate of around 60% in 2014 and 80% in 2015, said Marius Radu, EU f...