Companies
Romania To Select Firm To Draw Up New National Energy Strategy
Romania will organize an auction in August or September to select a firm to draw up a new national energy strategy, Minister-delegate for Energy Constantin Nita said Thursday, adding that he...
Romania’s Steel Consumption Down 40%, Despite Dire Need For Infrastructure
Despite Romania needing infrastructure, roads, bridges, schools and hospitals, steel consumption has declined significantly in the past few years and continues to do so, according to industr...
Orange, Vodafone Romania Plan To Jointly Develop Local 4G Networks
Telecom operators Orange Romania and Vodafone Romania plan to team up to jointly develop their local 4G networks, a move expected to help the two companies save dozens of millions of euros i...
Rottco Consult Made EUR150M From Gasoline, Diesel Oil Trading In 2012
Paul Pop, former commercial manager at Rompetrol Downstream, sold EUR150 million worth of gasoline and diesel oil last year through his company Rottco Consult, an independent distributor oil...
BNR: Follow-up Deal With IMF Should Shelter Romania’s Banks Against Abusive Claims
Romania’s planned follow-up agreement with the International Monetary Fund should include a series of stipulations regarding the personal insolvency law that would limit bank exposure to dam...
Firms’ Debts To Energy Suppliers Exceed RON1B
State-owned and private firms register debts of over 1 billion lei (EUR0.22 billion) to electricity suppliers, and state-owned railway operator CFR is the main debtor, with more than half of...
Retailer Sport Depot Opens First Romanian Showroom In Bucharest
Sport Depot, part of Germany’s Sport 2000 International, one of Europe’s largest sports equipment retailers, will open its first showroom in Romania, in one of the Global City Business Park...
Alpine Leaves Roads, Railways, Office Spaces Unfinished In Romania
Austrian company Alpine Bau will no longer build 16 km of highway, 50 km of railway and an office building in Romania, as it filed for bankruptcy in Austria.
Romania Lost Most Refineries In Europe In 2007-2012
No other European country has experienced such an extensive refinery closing process as Romania, which lost seven oil-processing facilities in 2007-2012. The last in the line of seven closur...