Companies
World Bank’s IFC To Buy Stake In Romanian IT&C Integrator Teamnet
International Finance Corporation (IFC), the World Bank’s investment arm, will acquire a stake in Romanian information systems integration company Teamnet, according to an announcement poste...
Ecopack: Cardboard Packaging Production Grows On Exports
Romanian cardboard packaging producer Ecopack Ghimbav, controlled by businessman Vladimir Cohn, says that corrugated board production rose by 4%-5% in 2013 against the previous year owing to...
DIY Retailer Praktiker Seeks To Sell Romanian Operations
German do-it-yourself retail chain Praktiker is seeking buyers for its Romanian operations, which include 27 stores with sales of EUR142 million in 2012.
Kaufland And Lidl Control Over A Quarter Of Modern Retail Sales
German-held group Schwarz, which operates Kaufland discount hypermarket chain and Lidl discount stores, generated revenue of over EUR2.3 billion last year in Romania, thus controlling 13% of...
Smithfield Becomes Biggest Meat Exporter From Romania
Smithfield, a major global player on the pork market, in the first ten months of last year was the biggest meat exporter in Romania and entirely covered the pork export segment, with deliver...
SMEs Can Get RON520M From CEC Bank To Fund Working Capital
CEC Bank will benefit from state guarantees of up to RON260 million, allowing it to lend over RON520 million to small and medium-sized businesses seeking loans to fund their working capital,...
INS: Romania’s Power Output Falls 6.2% In 2013; Consumption Down 6%
Romanian energy output fell 6.2% on the year to 21.34 million tons of oil equivalent in 2013, on the back of a two-digit decline of the thermal power production.
Ten-Year Old Romanian Brand Battling PepsiCo And Coca-Cola On Still Drinks Market
Prigat, Giusto and Cappy were the best-selling JNSD (juice, nectars, and still drinks) brands in Romania in 2012 on a market that amounts to about 170 million liters a year, according to mar...
A New Lender Ready To Set Off. Umbrarescu’s Bank Has Its Management Set
Banca Romana de Credite si Investitii (BRCI), the second Romanian majority held bank emerging on the local market in the past years after Banca Feroviara, has set up its supervisory board, h...