Companies
Romania Approved State Aid For EUR3B Investments Between 2007 And 2013
The Romanian Finance Ministry approved aid for 52 projects totaling investments of EUR3.08 billion between 2007 and 2013, out of which EUR727.19 million represented state support, the minist...
Microsoft, Dell and Deutsche Bank Get State Aid For Romania Investments
Deutsche Bank--which is developing a technology center for Eastern Europe in Bucharest that will employ 500--got a EUR15 million aid from the Romanian government in December to support a EUR...
Posta Romana Switched To Operating Profit In 4Q/2013 After Reorganizing Activity
Romania’s state-owned postal operator Posta Romana registered operating profit of 15.1 million lei (EUR3.33 million) in the fourth quarter of 2013, after it managed to reorganize and improve...
Insolvencies Hit Record High In Romania Last Year
More than 29,500 companies employing almost 150,000 people went insolvent last year, the highest level since 2008. The number of insolvencies went up 10% on 2012 and doubled compared with 20...
Provus Service Provider Acquires Supercard Solutions&Services
Romanian banking card processor Provus Service Provider in late last year acquired the majority control of card producer Supercard Solutions & Services, Provus Group said in a statement Wedn...
Turkish Unye Cimento To Open New Cement Unit In Romania
Turkish cement and clinker manufacturer Unye Cimento Sanayi ve Ticaret will open a new trade and distribution unit in Romania’s southeastern port town of Mangalia, the company said in a stat...
Coface Sees Romania GDP Growth At 2.1% In 2014
Romania's economic growth will likely slow to 2.1% this year, after an increase of some 2.5% in 2013, held back by weaker exports and a sluggish consumption, according to estimates from Cofa...
PwC: Romania CEOs Optimistic On Revenue Growth In Next 3 Years
Romanian executives are confident in their companies’ perspectives for revenue growth, with 96% somewhat or very confident of growth over the next three years, in line with global results, a...
Low As They Were, EU Funds Kept Leu Steady In 2013
A total of 2.8 billion euros drew Romania last year from the European Union in non-reimbursable funds, just half the yearly target, but enough to keep the leu in check and repay some of the...