Companies
Italian Firm Collini Lavori To Build Targu Jiu Ring Road For RON151M
Romania’s roads authority CNADNR on Wednesday signed a RON151 million contract, net of VAT, with Italian builder Collini Lavori for the construction of the Targu Jiu ring road.
EBRD: Romania Needs To Step Up Efforts To Address NPLs, Corruption
Increasing predictability for investors in the renewables sector and addressing the high level of non-performing loans in the banking system should be among Romania’s priorities in 2014, the...
Transavia Sets Up Two More Produce Farms, Invests EUR5M In Farming Equipment
Transavia, the biggest poultry meat producer in Romania, has set up two new produce farms and invested EUR5 million in the purchase of farming equipment, the company said Wednesday.
TenarisSilcotub Opens New Finishing Line In Zalau
Romanian steel pipes manufacturer TenarisSilcotub Wednesday said it has inaugurated a new finishing line for oil&gas equipment, part of a larger $62 million investment in its plant in Zalau.
Romania Has Highest Number Of Tax Payments In EU, Wastes 200 Hours/Year Paying
A company in Romania makes 39 payments to the state each year as taxes and contributions, triple compared to the EU average, for which it wastes 200, and the bulk of the fiscal burden lays o...
Real Estate Developer Plaza Centers Enters Judicial Reorganization
Plaza Centers, developer of the Casa Radio project in Bucharest, has entered judicial reorganization under Dutch bankruptcy law, to solve its cash flow issues, the Israeli investor announced...
ArcelorMittal Galati Invests EUR2M In New Equipment To Improve Product Quality
Romanian ArcelorMittal Galati, a unit of the world’s largest steelmaker ArcelorMittal, Wednesday said it invested EUR2 million in a new machine which will help improve product quality.
Government Sidelines Sibiu-Pitesti Highway
The 116 kilometer-long Pitesti-Sibiu highway expected to cost EUR3 billion is no longer a priority for Romania’s company in charge of highways and national roads CNADNR and stands little cha...
Head Of KFC And Pizza Hut Says Expansion Is Driver of Business
Mark Hilton, the Briton who has been running one of the largest restaurant groups on the Romanian market, which includes KFC, Pizza Hut and Hard Rock Café, for almost two years, says expansi...