Companies
Gabriel Resources Doubled Communication Expenses For Rosia Montana In 4Q 2013
Canadian group Gabriel Resources nearly doubled its communication expenses on the Rosia Montana gold mining project in the fourth quarter of 2013, to CAD5.93 million (EUR3.8 million), as the...
Advent Sold Labormed For $33M, 20% Of Acquisition Price
Investment fund Advent sold Romanian generic drug producer Labormed last year to U.S. pharmaceutical company Alvogen for $33 million (EUR24 million), less than 20% of the acquisition price p...
Gap, World’s 3rd Largest Fashion Retailer, Leaves Romania
Greek-held Marinopoulos has closed down all Gap stores of Romania. The last to be shut down was the one of Baneasa Shopping City, marking the exit from the Romanian market of the US brand, t...
Romtelecom To Be Rebranded Under Deutsche Telekom By September 12
Romanian telecom operator Romtelecom will be rebranded by September 12 under the "T" brand of German telecom giant Deutsche Telekom, which owns Greek group OTE, people close to the matter to...
Companies In Romania’s Five Poorest Counties Register Turnover Of Only EUR5B/Year
The polarization of the Romanian economy is at its worst now, with the counties of Mehedinti, Botosani, Vaslui, Caras-Severin and Covasna accounting for merely EUR5 billion of the turnover r...
Philips CEO: Romania Is A Good Production Destination
The Romanian market has growth potential and the state healthcare system is obsolete, as is the public lighting one, said Frans van Houten, the chief executive officer of Dutch giant Philips...
Turkey’s Acibadem Mulls Opening Hospital In Romania
Acibadem group of Turkey, which operates a network of 17 general hospitals and 13 clinics, is likely to enter the Romanian market directly by opening a hospital modeled after its units in Tu...
Energy Serv: Companies Complain About Energy Costs, But Do Nothing
The Romanian economy needs investments of hundreds of million euros in energy efficiency as Romania lags behind in the EU in this regard, but many consumers prefer to complain about energy c...
Anima, Likely To Reach Ten Clinics In Bucharest
Clinic network Anima is likely to include ten clinics in Bucharest at the end of this year, as the company has opened a unit in Progresul area and plans to open at least two others in Buchar...