Companies
Romania 3Q GDP Growth Kept At 4.1% YoY, On Sound Farming, Industry Activity
Romanian economy expanded 4.1% in the third quarter from the year-ago period, in line with previous estimations, supported by a strong farming output and solid activity in industry, the coun...
Romania Power Output Falls 6.4% On Year In First 11 Months of 2013
Romanian energy output fell 6.4% on the year to 19.57 million tons of oil equivalent in the first 11 months of 2013, on the back of a two-digit decline in the thermal sector, official data s...
Overtaxation Effects: One In Five Work Contracts Either Part-time Or Fixed-term
More than 1.2 million employment contracts or 22% of the total are part time or fixed-term contracts (up to three years), as shown by the data the Labor Inspection Department found from Revi...
Agriculture Contributes Record High Of EUR18.5B To Romania’s Economy In 2013
The farming sector contributed EUR18.5 billion to Romania’s economy last year, an all-time high and 28% more than in 2012, according to the latest Eurostat data.
Lactalis Closed Three Plants In Romania Last Year
French Lactalis group, one of the world leading dairy industry groups, which bought the LaDorna business in Romania in 2008, closed three plants that made butter and yellow cheese in Suceava...
Simba Invest Eyes Major League Of Romania's Distribution Market
Consumer goods distributor Simba Invest signed its first national contract last year, hoping it will propel the company to the league of major distributors in Romania.
Auchan Remodels Real Hypermarket In Ploiesti By End January
The former Real hypermarket in Ploiesti, southern Romania, will be remodeled and rebranded as Auchan by the end of January and is having a clearance sale until January 14.
Siveco Founder Irina Socol Confirms Deal With Private Equity Funds
Siveco Romania management redeemed the full 32.5% stake from private equity firms Enterprise Investors and Intel Capital in order to self-evaluate the assets and the experience developed, Ir...
BRD To Cofinance Bucharest City Hall Projects With Up To RON140M
Romanian lender BRD-Groupe Societe Generale (BRD.RO) will lend up to RON140 million (EUR31 million) to co-finance certain projects of Bucharest City Hall via the Regional Operational Program...