Companies
Executives Expect Economic Activity To Pick Up In The Spring
Romanian executives estimate the activity in all economic sectors to increase in the February-April period compared with the previous three months, the statistics institute INS said in a sur...
Romania Housing Permits Down 7% On Year To 1,573 In January
Romania authorized construction of 1,573 residential buildings in January, down 7.1% from 1,694 permits issued in the same month of 2013, the country’s statistics institute INS said Friday.
INS: Romania Unemployment Rate Flat At 7.3% In January
Romania's unemployment rate was stable at 7.3% in January compared with the previous month, but up from 7.1% in the same period of 2013, seasonally adjusted data from the statistics institut...
Romania's Highway Connection To Western Europe Ready By December
Two major cities of western Romania, Timisoara and Arad, will be connected to Western Europe via highway for the first time once the 39-kilometer Nadlac-Arad section is completed in December...
Kandia Takes Over Leading Position From Mondelez On Romania's Chocolate Market
Kex Confectionery, owner of Kandia and Heidi brands, leads in 2013’s ranking of chocolate market companies, but in the ranking of brands the top two positions are filled by Poiana and Milka,...
China Taps Romanian Grain Trading
COFCO Corporation, China’s biggest agricultural raw material trader, a state-owned company, acquired 51% in stock of Dutch group Nidera, a company with a strong position in Romania's assets.
Former Primola Owners Buy Assets Of Braila Dairy Plant
Supreme Concept Construct, one of the companies held by brothers Jihad (foto) and Johhny Jabra, former owners of the Primola chocolate brand, bought assets of bankrupt Lactaprod dairy produc...
Finance Ministry Mulls Capping Cash Payments For Real Estate Transactions To RON50,000
The Romanian Finance Ministry considers limiting cash payments for houses or cars transactions to RON10,000, like in the case of cash payments between individuals, or even to RON50,000 for r...
Romania Could Cut Inter-bank Card Fees In Two Steps
Romania is considering a two-step reduction of inter-bank fees for card payments, following a series of appeals to the Finance Ministry from businesses and card processors, who requested a n...