Companies
CFR Marfa Privatization Contract Likely To Be Signed July 11
The sale contract for Romanian freight railway carrier CFR Marfa is likely to be signed next Thursday, July 11, and the money for a 51% stake in the company must be paid within ten days at m...
Lafarge Romania To Have New CEO Starting September
Cement maker Lafarge Romania will have a new chief executive officer starting September 1, 2013 after Sonia Artinian, currently country CEO for Romania, was appointed Executive Vice-Presiden...
Romania Saw No Significant Commercial Property Deal In 2Q
Romania registered no significant commercial property transaction in the second quarter of 2013 because the country is regarded as a risky market and banks are still cautious when it comes t...
Romanian Entrepreneur Takes On Retail Giants
Romanian businessman Nicolae Sarcina, based in Gorj county (southern Romania), who owns the Succes retail chain is taking on the Bucharest market in full gear, where he plans to open more th...
Beckers Presents New Management Team Of Romtelecom And Cosmote
Nikolai Beckers, the German executive who took the reins of Cosmote and Romtelecom three months ago has created new management positions for the two companies, a step in his plan to integrat...
Horpos Brothers - The New Asphalt Kings With EUR196M Turnover In 2012
Bucharest construction company Straco Grup, controlled by brothers Alexandru and Traian Horpos, posted turnover of around EUR196 million last year, up 123% in euros from 2011, according to Z...
IMF Chief Christine Lagarde To Visit Romania July 15-16
Christine Lagarde, Managing Director of the International Monetary Fund (IMF), will visit Romania on July 15 and 16, the IMF announced Tuesday.
Romaero 1Q Revenues Down 6% On Year, To RON20.7M
Romanian aircraft repairs and maintenance company Romaero Bucuresti (RORX.RO) on Tuesday said its revenues fell by 6% in the first quarter to 20.7 million lei (EUR4.6 million), from RON22.2...
Romgaz Boasts Net Profit Of Over EUR100M In 1Q
State-controlled Romgaz, Romania’s largest gas producer, recorded a net profit of 473.4 million lei (EUR108 million) in the first quarter of this year, up by around 84% against the similar p...