Companies
UPC Romania Revenues Up 7% On Year To $103.6M In January-September
U.S. group Liberty Global, which owns cable television operator UPC, registered revenues of over $103.6 million in Romania in the first nine months of 2013, up about 7% from $97.1 million in...
Top Three Beer Brands See EUR300M Sales
Timisoreana (SABMiller), Bucegi (Heineken) and Ciucas (SABMiller) the three best-selling beer brands in Romania posted more than EUR300 million sales together last year, according to ZF’s es...
Romania Central Bank Still Has Room To Cut Rates - Governor
Romania’s central bank still has “some” room to further lower its main interest rate, following four consecutive cuts this year, governor Mugur Isarescu said Tuesday.
EU Court Of Auditors: Romanian Rural Development System Not Effective
Romania’s rural development system is inefficient and public procurement procedures are marred by irregularities, according to a report by the European Court of Auditors (ECA), presented Tue...
BNR Cuts Key Rate By 25 Bps To Record Low Of 4%
Romania’s central bank Tuesday lowered its main monetary policy rate by 25 basis points to a new all-time low of 4% a year, in line with market expectations.
Terapia Ranbaxy 3Q Turnover Up 5%, To RON110M
Romanian pharmaceutical company Terapia Ranbaxy, the largest local generic drug producer, registered a growth of around 5% in turnover in the third quarter, to RON110 million (EUR24.7 millio...
IMF: Romania Must Rethink Options Regarding CFR Marfa If Restructuring, Privatization Fail
The International Monetary Fund would appreciate it if Romania completed the privatization of state-run freight railway carrier CFR Marfa before deadline, set for mid-2015, an IMF official s...
Holcim 9-Month Cement Sales In Romania Down 2.4% On Year
Swiss-based building materials maker Holcim said Tuesday its cement and clinker sales in Romania dropped 2.4% in volume in January-September, while sales of aggregates declined 21.5%.
IMF Official: Lowering Social Security Contributions Not Included In Draft Budget For 2014
Lowering social security contributions in Romania has not been considered in draft budget for 2014 as wages, pensions and public investments represent a priority and any fiscal relaxation on...