Companies
Nuclearelectrica Joins Tarnita Hydropower Station Project
Nuclearelectrica (SNN.RO), the owner of the Cernavoda nuclear power plant that covers 20% of Romania’s energy production, plans to contribute 8.9 million lei (around EUR2 million) to partici...
Romanian Companies More Confident In Business Growth In 2014-Survey
Around 40% of business leaders are confident that their companies will grow in 2014, compared with 25% a year earlier, most of them estimating a moderate growth of 1-10%, according to “A vis...
CertAsig 2013 Underwritings Up 21%, To EUR12M
Romanian insurer CertAsig underwrote premiums of EUR12 million in 2013, up 21% on the year, driven by its insurance broker partners who generate 95% of revenues, the company said Monday.
VEKA Sales In Romania Up 7% In 2013
Sales of German window PVC profile maker VEKA in Romania, both direct sales and via the Romanian division, increased 7% on the year in 2013, VEKA Romania said in a statement Monday.
BCR Outsources Part Of Cemacon's Debt To Dutch Investment Fund
Romanian lender BCR has outsourced EUR12 million of local brick maker Cemacon's (CEON.RO) debt to Netherlands-registered investment fund Business Capital For Romania Opportunity Fund Coopera...
Skanska Finds First Tenant For Green Court, Continues Investment
Swedish-held Skanska construction and real estate development group will step up investment in Romania as of this spring, when it begins work on the second building of the Green Court office...
Romania’s Second Largest Poultry Exporter Avicola Crevedia Goes Insolvent
Avicola Crevedia, part of Agroli group controlled by Lebanese investor Rami Ghaziri, went insolvent at the request of the Arges-Vedea branch of Romania’s water administrator Apele Romane.
Covalact: Half Of Milk Processors To Close Down In The Next Two Years
Romania’s dairy market is set to undergo consolidation in the coming years, and amid the high raw material costs, private label pressure and consumers’ low purchasing power, half of the coun...
MOL Opens Four New Gas Stations In Romania, Reaches 147-Unit Network
MOL Romania, the local subsidiary of Hungarian oil group MOL, opened four new gas stations in Romania, following an investment of EUR1.3 million, reaching a countrywide network of 147 units.