Companies
EBRD Invested EUR510M In 32 Romanian Projects Last Year
The European Bank for Reconstruction and Development invested around EUR510 million in 32 individual projects in Romania last year, a record number of projects for the lender in the eastern...
Spanish Car Part Maker Antolin Builds New Factory In Sibiu
Spanish Grupo Antolin, which makes vehicle lighting fixtures in Sibiu, central Romania, plans to expand its Romanian operations this year with a greenfield investment, a new factory near its...
Comarnic-Brasov Highway To Cost EUR1.8B, Seen Completed In 2017
Construction on Romania’s 53-kilometer Comarnic-Brasov highway is set to start late April and to be completed in 2017 for an estimated EUR1.8 billion, Prime Minster Victor Ponta said Thursda...
Andrei Timofte Launches Takeover Bid For 18.77% Stake In Transilvania Constructii
Andrei Iancu Timofte, general manager of Romanian constructor Transilvania Constructii (COTR.RO), launches a takeover offer for the 18.77% stake it does not own in the company, valued at 11....
Romanian Dacia Posted Highest Growth In EU Car Sales In 2013
Sales of Romanian carmaker Dacia in the EU increased 23.3% last year, to 289,000 new cars, the highest growth posted by carmakers in the EU, reaching a 3.2% market share in December, accordi...
Bankrupt PIC Hypermarket In Oradea Sold To Maltese Investors To Be Made Into Logistic Center
The former PIC hypermarket in Oradea, western Romania, has been sold to Western Logistics SRL, part of Malta's Alf. Mizzi & Sons Ltd, which will reconvert it into a logistic center, Pricewat...
GSK Romania Used EUR66.8M Capital Hike To Pay Off Debts
GSK Romania used the EUR66.8 million from its recent share capital raise to pay off debts to other divisions of the British pharmaceutical group, amassed due to extensive payment terms on th...
eMag Boss To Convert Shopping Center Into Beer House
Online computer and electronics retailer eMag’s chief executive and shareholder Iulian Stanciu along with two other entrepreneurs will invest EUR2.5 million in shopping center Pavilionul H (...
13 Romanian Companies Drew EUR1B In Foreign Capital Last Year
Foreign shareholders last year injected over EUR1 billion in 13 companies with operations in key industries in Romania, such as energy, financials, auto and retail, according to Trade Regist...