Companies
Siveco Executives Buy Back Shares From Intel Capital And Enterprise Investors In $15M Deal
The management of software developer Siveco in November last year completed negotiations with private equity firms Intel Capital and Enterprise Investors to buy back 32.5% of its shares.
Tourist Arrivals In Romania Up 5.8% On Year In November 2013
Arrivals at Romanian tourism accommodation establishments rose 5.8% in November 2013 from the year-earlier month, while overnight staying increased 8.2% on the year, data from the statistics...
U.S. Traders Make $228M From Exporting Romanian Wheat To Egypt
U.S.-held companies Alfred Toepfer, Bunge, and Cargill last week won a tender to supply 180,000 tons of Romanian wheat worth $56.8 million to Egypt.
Romania's Economic Outlook In 2014
In 2014, Romania's gross domestic product, or GDP, is expected to go up by 2%, exports by 10%, energy consumption is seen going down by nearly 4%, the traded volume on the Bucharest Stock Ex...
Trends Of Romanian Car Market In 2014
2014 should be the year of the rebound of the car market after 2013 was the year of car production.
2013 In Review: Ten Most Important Events In Healthcare
In 2013 all eyes were on the Health Ministry as far as the healthcare system is concerned, while the private sector came with several surprise transactions.
Hungary's MKB Sells Romanian Subsidiary Nextebank To Fund Held By Axxess Capital
Hungarian lender MKB, part of German group BayernLB, sold its Romanian subsidiary Nextebank to Emerging Europe Accession Fund (EEAF) for an undisclosed amount and the deal is pending clearan...
RCS & RDS Wants to Buy Footwear Maker
RCS&RDS, one of the largest players on the Romanian telecommunications market, intends to buy footwear maker UCR SA (UCRI.RO), based in Bucharest, according to an announcement published Mond...
Carrefour Romania Enters Insolvency Proceedings At Supplier’s Request, Appeals Court Ruling
The Bucharest Court of Law has made Carrefour Romania insolvent at the request of one of the company’s suppliers.