Companies
Romeo-Florin Nicolae Named Customs Authority Head
Romanian Prime Minister Victor Ponta has appointed Romeo-Florin Nicolae as head of the National Customs Authority, replacing Dorel Fronea.
Romanian Insurance Industry Posts Loss In 2012 For Eighth Year In A Row
The Romanian insurance industry posted loss for the eighth year in a row in 2012, registering a net loss of RON321.6 million, down 1.3% from 2011, according to Trade Registry data.
Ioan Tecar Invests EUR20M In New Paper Plant
Romanian businessman Ioan Tecar, who controls the MG-Tec group, is close to completing a EUR20 million greenfield investment in a paper plant in Dej, Cluj County (NW Romania), this summer.
MOL Romania Returns To Profit, Nears EUR1B Turnover
MOL Romania, the local subsidiary of Hungarian oil group MOL, last year obtained a net profit of EUR17 million (76.1 million lei), after an over EUR3 million loss in 2011, caused by a fine b...
Ionescu & Sava Expects Revenue Of RON6M In 2013
Law firm Ionescu and Sava estimates its revenue will remain steady this year, at about 6 million lei (EUR1.3 million), said Radu Ionescu, managing partner in the firm.
Foreign Investments Continue Decline: Just EUR322M In Four Months
Romanian foreign direct investment, or FDI, fell 34.8% to EUR322 million in the first four months, from RON494 million in the year-ago period, the central bank said Monday.
UniCredit Tiriac Bank Lent EUR25M To SMEs Via JEREMIE Program
Romanian lender UniCredit Tiriac Bank funded around 100 small and medium-sized businesses with a total EUR25 million through the Joint European Resources for Micro to Medium Enterprises (JER...
Ceramic Tiling Market Splits Into Premium And Low-Cost Products
Romania’s ceramic tiling industry estimated at EUR110 million-EUR115 million a year is experiencing a serious split in purchasing options between premium and low cost products.
Happy Tour, Eximtur, Christian Tour – Romania’s Top 3 Tour Operators By 2012 Sales
Happy Tour and Eximtur continue to be leading tour operators in Romania by sales registered in 2012.