Companies
Joint Venture Including Condmag Brasov Gets RON58M Contract With Romgaz
A joint venture consisting of Sutech Medias, Condmag Brașov (COMI.RO), and Inspet Ploiesti will get RON58.4 million (EUR13.1 million) plus TVA from state-owned natural gas producer Romgaz Me...
SIF Transilvania 1H Revenues Up 20%, To RON215M On Sale Of Erste, FP Shares
Romanian regional investment fund SIF Transilvania (SIF3.RO) posted a 20% increase in revenues in the first half of 2013, to RON215.4 million (EUR49 million), driven by the sale of Erste (EB...
Romania Plans To Keep Reverse Taxation On Cereal Until At Least 2018
Reverse taxation on cereal trade will no longer be limited in time, as the Romanian government has repealed a legislative provision setting the system would expire on May 31, 2014.
Albalact Sales Up 23%, Profit Up 24% In 1H/2013
Romanian dairy product maker Albalact (ALBZ.RO) said Friday it registered sales of 204.55 million lei (EUR46.57 million) in the first half of 2013, up 23% on the year, and profit of RON4.43...
Romania’s Wheat Harvest Hits 8-Year High Of 7.3M Tons
Romania this year reaped its biggest wheat and rye crop since 2005 and the second-largest one in over four decades, Agriculture Minister Daniel Constantin said Friday.
Most Extensive Retailer: Petrom Boasts Sales Of Over EUR200M Through Its 550 Gas Station Stores
OMV Petrom, the largest company on the Romanian market by turnover, has annual sales of around EUR200 million from non-oil products sold through the country-wide network of 546 gas stations....
Pharma Market Rises 7% In First Half, Companies Expect Contraction In Second Half
Drug sales reached EUR1.4 billion in the first six months of this year, up 7% against the similar period of 2012, shows data of market research company IMS Health. Results recorded during th...
La Fantana Borrows EUR34M From Erste Bank
Romanian bottled water wholesaler La Fantana contracted a EUR34 million loan at the end of July from Erste Group Bank, which it guaranteed with its assets, accounts, insurance policies, and...
E&Y: Developing Entrepreneurship Will Reduce Youth Unemployment In Romania
Developing entrepreneurship will reduce unemployment among youngsters in Romania, but this solution requires financing, mentorship and the reduction of bureaucracy, said Mihaela Matei, marke...