Companies
EximBank Funds Alro's Operations With EUR50M
Romanian state-run lender EximBank said Monday it has signed financial agreements worth about EUR50 million with local company Alro Slatina (ALR.RO) to finance current operations and issue b...
MOL Romania To Continue Expansion Even If Market Stays Flat In 2014
MOL Romania, the fourth largest oil company in the country, has opened three new gas stations since the start of 2014 and says it will continue expansion so as to reach 15% market share on t...
Romania January-November FDI Hits 4-Year High Of EUR2.4B
Romanian foreign direct investment, or FDI, rose 22.3% on the year to EUR2.38 billion in January-November last year, the highest level in four years, the central bank said Friday.
Arctic Appeals Fine Imposed By Romanian Antitrust Watchdog
Romanian household appliance maker Arctic Gaesti will appeal the fine imposed by Romanian antitrust authorities for sealing anti-competition agreements within the buy-back campaigns, saying...
Furniture Maker Rus Savitar To Hire 200 And Open Six Stores In 2014
Timisoara-based furniture manufacturer Rus Savitar held by the Rusu family plans to expand production capacity and store chain and hire about 200 people this year.
Fiscal Council Counts 1.5 Million Informal Workers, Labor Inspection Finds Only 15,700 In 2013
The up to two-year jail sentence employers using more than five informal workers may get under the 2011 Labor Code did not scare them and they would rather go to court than pay the fine impo...
Diverta, After Three Years In Insolvency
The Diverta network now comprises 25 bookstores with an 8,000 square-meter retail area and sales of EUR11 million, compared with 62 units, totaling a 24,000-sqm area in 2010 and EUR22 millio...
Romania, Likely To Enter New Investment Stage
Four of the parent companies of the 20 largest Romanian firms boasted share increases by as much as 53% on international markets in 2013, the best year for the Western stock exchanges after...
Steelmakers Complain Again Over High Energy Price
The representatives of steelmakers operating in Romania complained again over the "overwhelming" electric power price and asked for an extension of the natural gas deregulation program by 20...