Companies
Tequila Sales Up 43% In 2013 Against 2008, Heading Toward EUR5M
Sales of tequila, a drink that sold less than 20,000 liters on the Romanian market a decade ago, reached some 228,000 liters last year, up 43% compared to 2008, while most spirits categories...
Farmec Cluj Navigated Crisis Well With Cheaper Products
Farmec Cluj, Romania’s largest cosmetics producer, saw its revenue advance in each of the past five years of crisis, as on a market dominated by multinationals Farmec products are 30-40% che...
Hilton Sibiu Boss Says 2014 Off To A Good Start
The Hilton hotel in Sibiu, the only five-star hotel in the city, targets an average occupancy rate of at least 77% this year, from 67% in 2013, says general manager Nicolae Aron.
Spanish Roquet Hydraulics Gets EUR5M EBRD Loan To Build Plant In Romania
The European Bank for Reconstruction and Development has extended a EUR5 million credit line to Spain’s Roquet Hydraulics which will be used to co-finance the development of a greenfield pla...
Cemacon Capital May Be Cut By RON25.7M Due To Losses Amassed In Last 4 Years
The Managing Board of Romanian brick maker Cemacon (CEON.RO) proposed the company’s shareholders to reduce the share capital by 25.7 million lei (EUR5.7 million), to around RON526,000, due t...
OMV Petrom To Pay Special Construction Tax Of Up To $100M
OMV Petrom (SNP.RO), Romania's largest oil and gas group, will pay $70 million to $100 million in taxes for special constructions, company financial manager Andreas Matje said Wednesday.
Ocna Sibiului Resort Goes Bankrupt On EUR7.2M Debt
Statiunea Ocna company, which managed the Ocna Sibiului resort in the spa town by the same name known for its salt waters, went bankrupt on EUR7.2 million debt. Its biggest creditor is Roman...
Romanians Bought EUR9.5B Worth Of Gas And Diesel Fuel In 2013
One in four liters of gas or diesel oil purchased in Romania comes from Petromidia refinery, the main asset controlled by Rompetrol, the group owned by Kazak state-owned company KazMunaiGas.
Paturan Family Brings New Footwear Brand In Romania
Eugen Paturan, the entrepreneur who holds the Bata franchise in Romania together with his wife, is bringing a new footwear brand, New Balance, rivaling Nike and Adidas, on the Romanian marke...