Companies
Romania’s Privatization Authority To Cut Staff By 25%
Romania’s privatization authority AAAS, former AVAS, will downsize its staff by 25% by September, from 272 to at most 220 employees, the institution said Monday.
UniCredit Tiriac Bank Gets EUR10M EBRD Loan To Finance Energy Projects
The European Bank for Reconstruction and Development Monday said it has extended a EUR10 million loan to Romania’s UniCredit Tiriac Bank for on-lending to small and medium-sized enterprises...
Energy Bio Chemicals Enters Insolvency
Romanian firm Energy Bio Chemicals SA has entered insolvency at the request of E.ON Energie Romania, a unit of German utility E.ON.
Winemaker Domeniile Ostrov 1H Turnover Up 20%, To RON9.5M
Romanian wine producer Domeniile Ostrov had a turnover of RON9.5 million in the first half of the year, up more than 20% from the same period last year, driven by investments in vineyards in...
Bucharest-Listed Companies To Pay Out Dividends Worth RON400M In Next Two Months
Companies listed on the Bucharest Stock Exchange will pay out dividends worth over 400 million lei (EUR90.3 million) in the next two months.
Romania Loses EUR22B A Year To Tax Evasion
Romania ranks second in Eastern Europe in terms of its underground economy, with almost EUR40 billion in absolute terms in 2013, shows a study of AT Kearney on Europe’s underground economy r...
Thomas Cook Neckermann Wants To Promote Bucharest As City Break Summer Destination
Thomas Cook Neckermann plans to promote Romania’s capital Bucharest in Germany, UK, France and other countries as a city break destination in summer, when hotels are cheaper than the rest of...
France’s Filasa Assures EUR780M Wind Power Investment In Suceava County Will Continue
French group Filasa announced Sunday it will continue its EUR780 million investment in building 12 wind power parks in Suceava county, northern Romania, despite delays in the project.
Basescu: Romania Wants Guarantee Fund To Support SME Lending
Romania will discuss with the International Monetary Fund setting up a government guaranteed fund to support lending to small and medium-sized enterprises (SMEs), President Traian Basescu sa...