Companies
Romtelecom 2Q Revenues Down 4.9% On Year, To EUR148.7M
Romanian telecom operator Romtelecom reported a 4.9% decline in revenues on the year to EUR148.7 million in the second quarter of 2013, while its EBITDA (earnings before interest, tax, depre...
Coface: Number Of Insolvent Firms In Romania Down 10% In 1H, To 12,740
The number of insolvent firms in Romania fell 10% on the year in the first half of 2013, to 12,739, according to rating agency Coface.
Government Wants To Cut Social Security Contributions, Raise Royalties, Property Taxes
Romania’s state budget for 2014 is built on 2.2% growth, Minister-delegate for Budget Liviu Voinea said, adding that the Government is seeking to lower social security contributions and incr...
Ductil Buzau 1H Turnover Up 8%, To RON80M
Romanian electrode and welding equipment maker Ductil Buzau (DUCL.RO)said Wednesday its first-half turnover stood at RON80.1 million (EUR18.2 million), up 8% from the first half of 2012, and...
CFR: Poor Rail Infrastructure Results In Train Slowdowns
Passenger and freight trains in Romania currently travel at an average speed of 43 km/h and 21 km/h, respectively, which is lower by nearly 20km/h than the speeds they would reach in the pas...
Antibiotice Seeks To Open Offices In Ten Countries, Including Poland, Czech Republic
Romanian state-run drug maker Antibiotice Iasi (ATB.RO) is looking to open offices in ten countries, including Poland, Czech Republic, Slovakia, Ukraine, and Serbia, to increase its visibili...
Romania Central Bank Says It Intervened To Reduce Leu’s Volatility
The Romanian central bank has been keeping a close eye on the money market to prevent wide currency exchange fluctuations stemming from rapid capital movements, central bank governor Mugur I...
Former Chemical Plant Land To Host RON100M Solar Power Project
Romania will invest over RON100 million, part of which will come from EU funds, in a solar panel project on the land of a former chemical fertilizers plant in Valea Calugareasca, Prahova cou...
Mega Image Takes Over Five Gulliver Stores In Bucharest
Retailer Mega Image, part of Belgian group Delhaize, on Wednesday said it took over five stores in Bucharest of Romanian retail chain Gulliver.