Companies
Lebanese Farming Entrepreneur Jihad El Khalil Announces EUR22M Investment
Businessman Jihad El Khalil, one of the leading farmers in Romania, announced investments worth EUR22 million in an alfalfa bale processing facility and a vegetable oil plant.
Romania’s Mall Ranking Remains Unchanged At The Top
The top performers among malls by revenue per square meter are Baneasa Shopping City, AFI Palace Cotroceni, Iulius Cluj, Bucuresti Mall, City Park Constanta and the Orhideea complex, whose r...
EBRD Lends EUR27.2M To Water And Sewage Companies in Two Romanian Counties
The European Bank for Reconstruction and Development (EBRD) will grant loans of EUR16.4 million and EUR10.8 million to the water and sewage companies in counties Bacau, eastern Romania, and...
ArcelorMittal Seeks Extension On Environmental Obligations, Tax Exemptions, Lower Energy Costs
Steelmaker ArcelorMittal has asked the government for an extension on some of its commitments undertaken in the privatization contracts for its plants in Galati and Hunedoara and exemptions...
Billa Opens New Supermarket In Brasov, Central Romania
German supermarket chain Billa, part of the Rewe retail group, will open Tuesday its third supermarket in Brasov, central Romania, reaching a national network of 73 stores, the retailer said...
Anamaria Cora Named Head Of E&Y Financial Audit Department
Anamaria Cora has been appointed head of Ernst&Young’s department of financial statement audit, replacing Garry Collins.
Romania’s 100 Most Profitable Companies Make EUR3.7B Profit
The most profitable companies in Romania posted EUR3.755 billion net profit together last year. OMV Petrom (SNP.RO) was the top profit maker, with its EUR864.1 million accounting for 23% of...
Romania, Gabriel Resources Negotiate Increasing State’s Stake In RMGC To 25%
Romania’s government and Canadian company Gabriel Resources, are negotiating increasing the Romanian state’s stake in Rosia Montana Gold Corporation (RMGC) from 19.31% to a maximum of 25% an...
Lafarge Romania Names New CEO
Costin Borc has been appointed chief executive officer of cement maker Lafarge Romania, replacing Sonia Artinian, who has been promoted within the group.