Companies
Romania Got EUR10.9B More Than It Contributed From The EU In 2007-2013
Romania received EU funding of EUR21.3 billion in 2007-2013 and paid EUR10.6 billion to the EU, resulting in a positive balance of EUR10.9 billion, Adrian Vasilescu, adviser to the central b...
Construction Sector Generates A Mere 8% Of Romania’s GDP
The construction sector, a EUR8 billion to EUR9 billion business a year, which should have helped Romania’s economy grow during the crisis, contributed a mere 7.9% to the gross domestic prod...
Russia Business Interests In Romania: Strategic Sectors Such As Energy And Metallurgy
The most important Russian businesses in Romania have followed the same pattern: Russian oligarchs taking over valuable assets of the Romanian state in the wake of controversial privatizatio...
Logistics Operators: Romania Can Gain Business From Russia And Ukraine
Romania can gain logistics business from Ukraine and Russia due to the turmoil in the region, because manufacturers want logistics hubs in stable areas as close to their markets as possible,...
SOCAR Invests Over EUR1M In Gas Station In Cluj
Azeri oil company SOCAR invested over EUR1 million in a gas station in Cluj-Napoca, reaching a 27-gas station network in Romania.
Transporters: Excise Duty Hike To Have A Boomerang Effect Over State Budget
Romanian government’s decision to increase the fuel excise duty without any impact assessment will have a boomerang effect over the state budget, and was only targeted for higher expenses in...
Safety Broker Turnover Up 51% In 2013, To EUR54.8M
Insurance brokerage firm Safety Broker de Asigurare brokered premiums of EUR54.8 million in 2013, up 51% on the year and EUR10 million more than estimated at the beginning of 2013.
Wind Turbine Systems Maker Moves Part Of Production From China To Romania
American Superconductor will open a production unit in Timisoara, where it will relocate part of its wind turbine systems production from China, under a larger restructuring and cost-cutting...
Major Power Consumers Pay 50% More For 2013 Green Certificates
The biggest electricity consumers in Romania, aluminum smelter Alro Slatina and steel plant ArcelorMittal Galati, will have to spend 177 million lei (EUR39 million) to comply with the green...