Companies
EXCLUSIVE: Romania To Get RON344M In Revenue From Minimum Wage Raise
Romania will get additional state budget revenue of RON344 million (EUR77.2 million) from raising the minimum wage, according to an official government document obtained by MEDIAFAX.
Vodafone Romania Service Revenue At EUR353M In April-September
Vodafone Romania posted revenues of EUR352.9 million in April-September, the first half of the 2013-2014 fiscal year, down 3.6% on organic basis, the company said in its earnings report Tues...
Tarom Loss At $22M In First 9 Months; Expected To Exceed $40M By Yearend
Romanian state-run airline Tarom’s losses amounted to $22 million in the first nine months of 2013 and are expected to reach at least $40 million by the end of the year, Nicolae Demetriade,...
Bucharest’s Five-Star Hotels Can Accommodate 1,500 Guests For New Year’s Eve Parties
Bucharest’s five-star hotels want to accommodate over 1,500 guests in their restaurants and event halls for the New Year’s Eve party. Prices start from 200 lei (EUR45) per person and can rea...
Fashion Retailer Peek&Cloppenburg In Talks For Space In Plaza Romania
German fashion retailer Peek&Cloppenburg is in talks with the owners of Plaza Romania in Drumul Taberei (west side of Bucharest) to open a store there, retail market sources say.
Parliament’s Special Committee Rejects Rosia Montana Gold Mining Project
The Romanian Parliament’s special committee for the gold mining project in Rosia Montana, central Romania, Monday rejected the Government’s bill on gold exploitation in the region.
Ropharma Sales Flat At RON307M In January-September
Sales of pharmaceutical company Ropharma Brasov (RPH.RO), owned by businessman Mihai Miron, remained flat on the year in January-September, at RON307.1 million (EUR69.6 million), and its net...
Era Shopping Park Oradea To Enter Insolvency At Owner’s Request
UK Argo Real Estate Opportunities Fund (Argo) has filed a petition for the voluntary insolvency of its Romanian subsidiary Omilos Oradea, which owns Era Shopping Park Oradea, following litig...
Immochan Invests EUR60M In Building Coresi Shopping Center In Brasov
Immochan, the real estate division of France’s Auchan, started construction works Monday in Brasov on its Coresi shopping center that will include 130 stores, 6,000 square meters of entertai...