Companies
Top 100 Romanian Entrepreneurs Crushed Under Debts; Need EUR5.6B In Cash
The 100 largest companies controlled by Romanian entrepreneurs are over-indebted and would need EUR5.6 billion in fresh capital in order to reach European average indebtedness indicators in...
KPMG Advises On Sale Of Non-Performing Loans Of Over EUR100M
Audit and consultancy firm KPMG is involved in a transaction to sell a portfolio of non-performing loans with a nominal value of over EUR100 million, Serban Toader, Senior Partner of KPMG Ro...
Furniture Maker Elvila Lays Off 66 of 985 Employees
Romanian furniture maker Elvila, owned by businessman Viorel Catarama, will lay off 66 employees, or 6.7% of the total, in July-September, citing the company’s precarious financial situation...
Flanco Invests EUR450,000 To Refurbish 10 Stores
Romanian electronics and appliances retailer Flanco invested around EUR450,000 since the beginning of the year to refurbish ten stores and will open two more stores by the end of the year, t...
Decathlon Assembles 350,000 Bicycles A Year In Romania
French-held sporting goods retailer Decathlon posted 153 million lei (EUR34.3 million) revenue from bicycle assembly last year, double as much as in the boom years.
Beer Sales Up 8% In First Half, Start Of Summer Not So Good For Brewers
The beer market increased by 8% in the first half of this year on the year-ago period, which is the third half-year growth in a row, ZF has calculated based on National Statistics Institute...
Record Number Of Investors Added To Bucharest Bourse In Second Quarter
The number of investment accounts on the Bucharest bourse rose by over 5,000 in the second quarter of this year, the highest rise since the crisis started in 2008. The rise was driven by Tra...
Chimcomplex 1H Turnover Down 3%, To RON93.2M
Romanian chemical company Chimcomplex Borzesti (CHOB.RO) Monday reported first-half sales of RON93.2 million (EUR21.2 million), down 3.3% on the year, and a net profit of RON4.2 million (EUR...
Cocor Bucuresti Sales Down 35%, To RON6.1M In 1H But Firm Swings To Profit
Cocor Bucuresti (COCR.RO), which owns the Cocor shopping center in downtown Bucharest, had a turnover of RON6.1 million (EUR1.4 million) in the first half of the year, down 35% on the year,...