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Ford B-Max And Grain Traders Drove Exports And Economic Growth In 2013
Macroeconomics

Ford B-Max And Grain Traders Drove Exports And Economic Growth In 2013

Last year’s gross domestic product growth of 3.5% was helped by the 10% rise in exports, which was fueled by Ford, with an estimated increase of EUR1.5 billion on 2012, and the grain traders...

Loredana Frățilă-Cristescu · 17.02.2014 · 23:33 · 2 min
Alro Swings To Net Loss of RON78M in 2013
Energy

Alro Swings To Net Loss of RON78M in 2013

Romanian aluminum company Alro Slatina (ALR.RO) turned to a negative result in 2013, following a decrease in international metal prices and higher eco-taxes, the company said in a statement...

Bogdan Neagu · 17.02.2014 · 20:34 · 1 min
Ropharma Sales Slightly Up In 2013, To RON411.2M
Capital Market

Ropharma Sales Slightly Up In 2013, To RON411.2M

Sales of pharmaceutical company Ropharma Brasov (RPH.RO), owned by businessman Mihai Miron, increased slightly om the year in 2013, to RON411.2 million (EUR93 million), while its profit rose...

Oana Gavrila · 17.02.2014 · 20:12 · 1 min
Petrolexportimport 2013 Sales Down 34.4%, To RON236.94M
Energy

Petrolexportimport 2013 Sales Down 34.4%, To RON236.94M

Sales of Romanian fuels wholesaler Petrolexportimport (PEI.RO) declined 34.4% in 2013, to RON236.94 million (RON53.7 million), from RON361.57 million in 2012.

Oana Gavrila · 17.02.2014 · 20:01 · 1 min
TMK Artrom's 2013 Turnover Down Nearly 4%, To RON876.7M
Capital Market

TMK Artrom's 2013 Turnover Down Nearly 4%, To RON876.7M

Romania’s TMK Artrom Slatina (ART.RO), controlled by Russian steel pipe maker TMK, had a turnover of RON876.7 million (EUR198.4 million) last year, down 3.6% compared to 2012, while its prof...

Oana Gavrila · 17.02.2014 · 19:14 · 1 min
EBRD Grants EUR11.8M Loan For Water And Sewage Works In Southern Romania
Banks-Insurance

EBRD Grants EUR11.8M Loan For Water And Sewage Works In Southern Romania

The European Bank for Reconstruction and Development will lend EUR11.8 million to water utility Apa Canal 2000 to co-finance upgrades on water and sewage systems in Arges county, Romania.

Oana Gavrila · 17.02.2014 · 18:11 · 1 min
Buyers Of Pump Maker Aversa Unveil EUR15M Investment Plans
Companies

Buyers Of Pump Maker Aversa Unveil EUR15M Investment Plans

Investors who bought pump manufacturer Aversa said they plan to invest EUR15 million in a new production facility in capital city Bucharest, but argued their investment plans are hindered by...

Ecaterina Craciun · 17.02.2014 · 13:59 · 1 min
Ford To Relocate Part Of Fiesta Production To Romania In 2017
Automotive

Ford To Relocate Part Of Fiesta Production To Romania In 2017

U.S. carmaker Ford will be transferring part of its Ford Fiesta production from Cologne, Germany, to its Romanian plant in Craiova, in 2017, German newspaper Bild reported citing unnamed sou...

Oana Gavrila · 17.02.2014 · 13:02 · 1 min
Farmec Turnover Up 14% In 2013, To RON138M
Companies

Farmec Turnover Up 14% In 2013, To RON138M

Romanian cosmetics producer Farmec Cluj-Napoca had a turnover of RON138 million (EUR31.2 million) in 2013, up 14% on the year, driven by investments and the launch of new products , the comp...

Oana Gavrila · 17.02.2014 · 12:43 · 1 min