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Eurostat: Romania’s Industrial Output Posts Sharpest Decline In EU In May
Macroeconomics

Eurostat: Romania’s Industrial Output Posts Sharpest Decline In EU In May

Romania’s industrial production plummeted 10.7% on the month in May, the sharpest decline in the European Union, official data showed Friday.

Ioana Tudor · 12.07.2013 · 13:59 · 1 min
Companies In Romania Borrowed EUR11B Directly From Foreign Banks
Banks-Insurance

Companies In Romania Borrowed EUR11B Directly From Foreign Banks

More than one thousand companies in Romania took out EUR11 billion loans directly from Austrian, German, French, Spanish and Italian banks by the end of March, according to central bank data...

Ecaterina Craciun · 12.07.2013 · 06:45 · 1 min
Ponta: Negotiations On Rosia Montana Gold Mining Project To Be Finished By September
Energy

Ponta: Negotiations On Rosia Montana Gold Mining Project To Be Finished By September

Negotiations regarding the Rosia Montana gold mining project will be completed by September and works will start if the Parliament approves the bill the Government will put forward, Romanian...

Ioana Tudor · 11.07.2013 · 14:08 · 1 min
Romania Wants To Attract At Least EUR10B In Investments By Yearend
Macroeconomics

Romania Wants To Attract At Least EUR10B In Investments By Yearend

The Romanian Government plans to attract investments of “at least EUR10 billion” by the end of the year, in the sectors of energy, mineral resources, agriculture, industry and infrastructure...

Ecaterina Craciun · 11.07.2013 · 13:32 · 1 min
Carmolimp Plans To Expand Business Activity By Acquiring Small Producers
Companies

Carmolimp Plans To Expand Business Activity By Acquiring Small Producers

Romanian meat producer and distributor Carmolimp said it plans to acquire small producers in a move to expand its business activity into new markets.

Ecaterina Craciun · 11.07.2013 · 10:39 · 1 min
Kapsch Might Build Data Center In Romania
Companies

Kapsch Might Build Data Center In Romania

Austrian Kapsch is trying to get Romanian companies to store their data in the Kapfenburg bunker built in the ‘40s during World War II, where tank parts were originally set to be built.

Ecaterina Craciun · 11.07.2013 · 09:21 · 2 min
Romania Raises Annual Mining Fees By 28%
Energy

Romania Raises Annual Mining Fees By 28%

Romania’s government has raised annual fees for mining activities, including prospecting, exploration and exploitation, by 28%.

Ioana Tudor · 10.07.2013 · 17:31 · 1 min
Gealan Romania Expects 10% Higher Sales In 2013
Companies

Gealan Romania Expects 10% Higher Sales In 2013

PVC profiles maker Gealan Romania expects 10% higher turnover in 2013, of EUR31 million, from EUR28.2 million last year.

Ioana Tudor · 10.07.2013 · 14:55 · 1 min
Tarom GM Says Company's New Management Plan Yields Good Results
Companies

Tarom GM Says Company's New Management Plan Yields Good Results

Christian Heinzmann, general manager of state-owned airline Tarom, said the airline’s new management plan is yielding good results due to the measures already implemented which allow the com...

Ecaterina Craciun · 10.07.2013 · 14:21 · 1 min