Companies
Romanian Telecom Regulator Sets Lower Termination Rates
Romania’s telecom market regulator ANCOM has decided to lower maximum termination rates from EUR0.307/minute to EUR0.096/minute for mobile calls and from EUR0.067/minute to EUR0.014/minute f...
Sales Of Furniture Showing Signs Of Rebound
Furniture sales in Romania increased 4% in the first eight months of the year compared to the year-ago period. This is the first positive sign coming from the industry after four years of de...
Isarescu Suggests Euro Adoption Will Only Happen In 2023
Mugur Isarescu, Romania’s central bank governor, took everyone by surprise on Wednesday when he suggested a later adoption of the euro than in any of the scenarios mentioned so far.
Deposit Outflows Bring Record High Inflows For Mutual Funds In November
Mutual funds in Romania ended November with record-high net inflows of 777.8 million lei (EUR174 million), the largest monthly amount ever attracted on this market.
Cement Market Continues Decline As Investments In Infrastructure Dwindle
Autumn did not come with the expected thawing of the Romanian cement market, so after the 2011 rise and the 2012 stagnation Romanian cement production will decline again this year, writes Bu...
Turkish Fashion Retailer Koton Buys Building In Bucharest’s Old Town
Turkish fashion retailer Koton, which has four stores in Bucharest, has bought a 1,200 square meter building in the city’s Old Town for EUR4.5 million from an Irish businessman, sources clos...
Nuclearelectrica Shuts Down One Nuclear Reactor Thursday For Maintenance
Romanian state-run nuclear power producer Nuclearelectrica (SNN.RO) will disconnect one of its two nuclear reactors from the national power grid Thursday in view of maintenance works.
Pulp And Paper Producer Somes Dej Goes Bankrupt
Pulp and paper producer Somes Dej (SMS.RO), controlled by businessman Stefan Vuza, has been declared bankrupt.
Lars Wiechen, Ernst&Young Romania: Estimating Current Worth Of A Company Not Exact Science
Lars Wiechen, executive manager and head of the valuation & business modeling services at Ernst&Young Romania, says construction firms and financial institutions have witnessed the steepest...