Companies
Isarescu Hopes For Cheaper Loans As Of September
Romanian central bank governor Mugur Isarescu Monday expressed hope that the lower monetary policy rate will translate into cheaper loans for local consumers as early as September.
Macon Invests EUR370,000 In Doubling Terracotta Production
Building materials manufacturer Macon, part of a group of companies held by Polish private equity firm Enterprise Investors, has invested EUR370,000 in a new kiln meant to double its current...
Best-Case Scenario For Construction Market In 2013: Stagnation As Few Projects Will Go On The Block
Romania builds less and less as the state drastically cuts funds for investments and private companies act cautiously and put off new projects. Some of the country’s largest construction fir...
UPC Romania 1H Revenue Slightly Up To Some $70M
Cable television operator UPC Romania reported a 4% increase in revenue to $68.9 million on the year in the first half of 2013, due to a slight advance in the number of subscriptions to 1.75...
Polish ABC Data Group Sells Majority Stake In Scop Computers For EUR500,000
ABC Data group, Poland’s largest IT&C distributor, sold its 51% stake in Romanian insolvent company Scop Computers for EUR500,000, according to a statement sent by the group to the Warsaw St...
Bakery Firm Spicul Pushed Into Bankruptcy; Majority Shareholder To File Appeal
Creditors of bakery company Spicul Bucuresti, which has been insolvent for almost two years, Thursday rejected the reorganization plans submitted by legal administrator PwC and majority shar...
AdePlast Finalizes Construction Of EUR3.2M Paints Factory
Romanian building materials producer AdePlast, controlled by businessman Marcel Barbut, said Thursday it opened a decorative coatings and paints factory in Ploiesti, southern Romania, which...
Office Space To Be Delivered In Bucharest In 2014 At Record Low Since 2000
Office projects to be completed in Bucharest in 2014 will include only 48,700 square meters, a record low since 2000, according to estimations by real estate consulting firm CBRE.
Tehnostrade-Spedition UMB To Build Fourth Section of Lugoj-Deva Highway For Some EUR95M
Romania’s roads authority CNADNR has signed a contract of 419.4 million lei (EUR95.3 million), VAT excluded, with consortium Tehnostrade - Spedition UMB for design and construction works on...