Companies
Euro Insol Reinstated As Hidroelectrica’s Legal Administrator
Insolvency company Euro Insol has been reinstated as judicial administrator of Romanian state-run hydropower producer Hidroelectrica after the latter was court-ordered into re-entering reorg...
Bosch Invested EUR77M In Center In Cluj, To Be Officially Opened In May
Germany’s Bosch has invested EUR77 million in its research and production center in Cluj, Romania, which started operating at the end of last year and which will be officially open on May 9,...
Germany’s Karcher Mulls Production Expansion In Romania
German-held Karcher, which sealed a production partnership with Electroarges as early as 2002, is likely to expand production in Romania. Considered options include the construction of a pla...
Regina Maria Merges Part Of Group’s Firms To Manage Cash Better
Regina Maria private healthcare operator, controlled by Advent International investment fund, has brought five of the companies part of the group under the umbrella of a single legal entity,...
Christian Tour Wants To Be The Holiday “Agent” For 200,000 Romanians
Travel agency Christian Tour posted revenue of EUR45 million in 2013, up 30% year-on-year, while its profit hit EUR0.7 million, according to company owner Cristian Pandel.
Axxess Capital’s EEAF Buys Romanian Star Storage
Private equity fund Emerging Europe Accession Fund (EEAF) announced Tuesday that it acquired a majority stake in Romanian information technology services company Star Storage.
Astra Shareholders And Management Contest Special Administration Order In Court
Romanian insurer Astra, its shareholders and managing board have contested in court the decision whereby Romania's Financial Supervision Authority placed it under the special administration...
Petrom’s Chief: Other Companies Can Make EUR1B Profit Too
OMV Petrom’s chief Mariana Gheorghe says the employees were the drivers behind the company’s record EUR1 billion profit in 2013 and sees no reason other Romanian businesses cannot report sim...
CFR Seeks To Upgrade 80 Km Of Railway For EUR1B
Romania’s state-owned railway company CFR seeks to upgrade 80 kilometers of railway in Arad county, western Romania, for an estimated EUR1 billion.