Companies
F64 Studio 2013 Turnover Seen At EUR20M, Up 12% On Year; Reveals Takeover As Joke
Romanian leading photo and video equipment retailer F64 Studio will end the year with a turnover of EUR20 million, up 12% on the year, on a market that declined 20%, company general manager...
Over 1,300 Employees Make Clothing For Alison Hayes Near Bucharest
Over 1,300 employees, 700,000 items of clothing made each month for international retailers such as Top Shop, Primark and Debenhams, two plants, one sample center and turnover of over EUR40...
2013 In Review: Ten Most Important Events In Agriculture
The year 2013 gave farmers who bet on grain and oilseeds an almost 22 million ton harvest and 50% better results than the modest 2012.
Groupama Invested EUR700M In Romania
French-held insurer Groupama has invested some EUR700 million on the insurance market in Romania since 2007 and most of the money went towards buying insurers Asiban and BT Asigurari, said F...
Central Bank: SMEs Are Not Taking Out Loans Because Of Too High Interest Rates
Almost half the small and medium-sized enterprises in Romania surveyed by central bank BNR says they are not eager to take out bank loans because of too high costs.
Romania’s Sole Geothermal Power Station Doomed To Remain Pilot Project
The only power station in Romania fueled by geothermal water has proved an unprofitable investment, with power prices on the decline and with no way of receiving the subsidies matching those...
ArcelorMittal Tubular Products Might Raise Capital By RON84.6M
Shareholders of Romanian steel pipes maker ArcelorMittal Tubular Products Iasi (TPRO.RO) will convene on January 16 to discuss raising the company’s capital by RON84.6 million, from RON6.5 m...
Cupru Min Copper Sale Fails On Lack Of Binding Bids
Romanian copper producer Cupru Min Abrud’s sale of copper concentrate to interested companies Trafigura (Singapore) and Yildirim (Turkey) has failed as these did not submit binding bids.
Mega Image To Start Home Deliveries By March 2014, Opens 16 Stores In December
Retailer Mega Image will have a home delivery system working in the first quarter of 2014 and will open 16 more stores before 2013 is out, reaching a countrywide network of 296 units.