Companies
IMF Says Lower Sales Tax On Bread Is Temporary
Romanian authorities will assess the impact of lowering the sales tax on bread from 24% to 9% and the measure is temporary, depending on the results it produces in fighting tax evasion in th...
TMK Artrom Seeks EUR27M Loan To Repay Debts
Romania’s TMK-Artrom Slatina (ART.RO), controlled by Russian steel pipe maker TMK, plans to borrow up to EUR27 million from UniCredit Tiriac Bank to refinance old loans, the company said in...
Masterplast Romania Targets Nearly 5% Higher Sales In 2013, To EUR22M
Building materials producer and distributor Masterplast Romania, held by Hungary’s Masterplast Group, estimates sales of 95 million lei (EUR21.6 million) in 2013, up nearly 5% from 2012.
Romania Jobless Rate Rises Slightly To 7.6% In June
Romania's unemployment rate edged up to 7.6% in June, from 7.5% in the previous month, seasonally adjusted data from the statistics institute INS showed Wednesday.
Ice Cream Producer: Romanians Are Buying Ice Cream Less Often
The ice cream market is suffering from the continued purchasing power decline in 2013 and the lower temperatures in June and the first part of July did not help, either, says ice cream maker...
IMF: Romania Must Continue Reforms In Healthcare, Energy And Transport
Romania must push ahead with structural reforms in key sectors such as healthcare, energy and transportation, the head of the International Monetary Fund’s mission to Romania said Tuesday.
Kaufland Opens Third Hypermarket In Ploiesti In August
Kaufland Romania will open its third hypermarket in Ploiesti, southern Romania, mid-August, and plans to open three or four more stores this year, with an average investment of EUR6-9 millio...
EU: Romania Economic Sentiment Declines For First Time In Three Months
Romania’s economic sentiment index declined in July after three months of growth, amid worsening outlook in industry and retail, a widely watched European Commission monthly survey showed Tu...
Bankrupt Armonia Braila Mall Sale Price Lowered By 30% Again, To EUR10M
Creditors of Bankrupt shopping center Armonia Mall in Braila, eastern Romania, have lowered the mall’s sale price by another 30%, to EUR10 million, net of VAT, and expect bids by August 20.