Companies
Asirom Raises Share Capital By EUR13M
Shareholders of insurer Asirom decided on December 10 to raise the company’s share capital by RON58.5 million (EUR13 million), to RON216.4 million, by cash contributions.
A Newcomer On Mineral Water Market Competes Against Heavyweights
Aqua Carpatica, the mineral water brand created by businessman Jean Valvis in 2010, has come to compete against traditional brands such as Borsec and Dorna in the past few years.
Lukoil Cleared To Produce Solar Power In Romania
Lukoil Energy&Gas Romania, part of Russian oil group Lukoil, will enter the Romanian solar power production market after receiving construction clearance from the local energy regulator ANRE...
Kaufland Opened 8 New Stores In 2013, Plans To Maintain Expansion Rate Next Year
Kaufland Romania will continue its expansion at the same rate in 2014 after opening eight new hypermarkets this year.
Government-Sponsored “First Home” Program Boosted Housing Sales In 2013
New housing sales this year in Romania were mainly driven by the government-backed “First Home” mortgage lending program and developers are counting on the program to continue in 2014.
Business Outlook: Executives See Decline In Constructions, Manufacturing Industry In Dec’13- Feb ‘14
Romanian executives estimate the activity in the construction sector and the manufacturing industry will decline between December 2013 and February 2014 compared with the previous three mont...
BNR: Romania Private Lending Falls To RON219.7B In November
Romanian private lending fell 0.6% in real terms to 219.7 billion lei (EUR49.2 billion) in November, from RON221 billion a month earlier, central bank data showed Monday.
2013 In Review: 15 Biggest Changes In Management
They make more than EUR10,000 in net amount per month and are the best-paid employees in Romania. They have the mission of growing the business of companies that may be the leaders in their...
2013 In Review: Ten Most Important Events In Construction Sector
The year 2013 witnessed insolvencies, several deals and the opening of new construction materials plants and malls.