Companies
Ombudsman Challenges Insolvency Code At Constitutional Court
The Romanian Ombudsman Wednesday has challenged the country’s recently adopted Insolvency Code at the Constitutional Court.
Electroputere Almost Worthless On Stock Market
Electroputere Craiova (EPT.RO), once a flagship company of Romania’s industry, is now worth EUR0.6 million on the Bucharest Stock Exchange, 76 times less than upon its privatization to Al-Ar...
DB Schenker: Good Times Of 2005-2008 Are Over, They’re Not Coming Back
Albin Budinsky, CEO of major transport and logistics company Schenker Romtrans, says the good times of the pre-crisis years are not coming back, but that the company’s turnover could increas...
NEPI To Start Construction On Three Malls By Christmas
South-African investment fund NEPI plans to start work on three more retail projects in Romania by the end of this year, which will entail a total budget of around EUR200 million. The fund h...
Rompetrol Well Services To Take Over Drilling Activities Of Rompetrol SA
Rompetrol Well Services (PTR.RO), a unit of Romania’s second biggest oil group Rompetrol, will take over the group’s entire oil and natural gas extraction activity in Romania and Libya.
Vosganian: Negotiations To Sell Oltchim Will Start This Week
Negotiations to sell state-owned chemical plant Oltchim Ramnicu Valcea (OLT.RO) will start this week and will involve companies from Israel, Turkey, Romania and post-Soviet states, outgoing...
CBRE: New Housing Stock In Bucharest-Ilfov Seen Up 15% By 2015, With 4,000 New Apartments
New housing in the Bucharest-Ilfov area stands at over 27,300 units in 115 residential compounds with more than 20 apartments and is expected to increase by 15% over the next two years, acco...
New Insolvency Code To Push Firms Into Bankruptcy
Romania’s new Insolvency Code, to take effect on October 25, will impact small- and medium-sized companies, whose reorganization can’t be carried out in only one year, and will push them int...
U.S. Honeywell Transportation Systems Officially Opens Factory In Ploiesti
U.S. Honeywell Transportation Systems inaugurated on Tuesday its Honeywell Friction Materials factory, located in a private industrial park near Ploiesti, southern Romania.