Companies
Retailers End Year With Over 250 New Stores After EUR200M Investments
International modern retail chains expanded their networks at a fast pace in 2013, for the third year in a row, opening 255 stores and hiring 4,000 staff.
Romania Selects Team That Will Sell Stake In Romtelecom
A consortium led by Swiss Capital – the largest brokerage on the Romanian market – will be the state’s consultant in the sale of the 46% stake in major telecom operator Romtelecom, according...
Romania Opens 60 Km Of Sibiu-Orastie Highway To Traffic
Romania’s roads authority CNADNR opens a 60 km highway section to traffic Thursday, between Orastie and Sibiu, following an investment of RON1.46 billion (EUR326.5 million), net of VAT.
Romania Completes Construction Of Hydropower Plant In Sibiu In EUR160M Investment
Romania inaugurated Thursday Centrala Hidroelectrica Racovita (CHE Racovita), a EUR162.7 million hydropower plant in Sibiu county, central Romania, whose construction started before 1989.
Romania Puts Off Raising Fuel Excises For 3 Months; Basescu Agrees With 2014 Budget
Romanian Prime Minister Victor Ponta Wednesday said the planned increase in fuel excises by EUR0.07/liter, starting January 1, 2014, will be delayed for three months, until March 31, 2014.
Insurer Allianz-Tiriac To Swing Back To Profit This Year
Allianz-Tiriac Asigurari will end 2013 with revenues slightly higher than the RON900.2 million it posted in 2012 and will awing back to profit following a loss of RON42.7 million last year.
Carrefour Opens Its First Supermarket In Targu Mures
French retailer Carrefour opens Thursday its first Market supermarket in Targu Mures, reaching a countrywide network of 78 Markets.
Delta ACM 93 Builds Homes In Algeria For EUR70M
Bucharest-based builder Delta ACM 93 of businessman Florea Diaconu has won two public housing contracts worth EUR70 million together to build 2,750 homes in Tebessa and El Bayadh, Algeria.
2013 In Review: Ten Most Important Events In Transport Infrastructure Industry
The year 2013 saw the termination of a contract considered disadvantageous for Romania (the construction of the Transylvania Highway by the US-based Bechtel), as well as the failure to priva...