Companies
Agricover Borrows EUR15M To Expand Business, Support Lending Arm
Romanian agribusiness group Agricover borrowed EUR15 million from Black Sea Trade and Development Bank to support its lending arm Agricover Credit IFN and expand its business.
INS: Adjusted Construction Works Down 3.7% On Month In April
Romanian construction works slid 3.7% in April from a month earlier, on falling activity in most sectors, the statistics institute INS said Monday.
Romania January-April Trade Deficit Shrinks To EUR1.67B
Romania’s trade deficit narrowed 37.7% on the year to EUR1.67 billion in the first four months, largely reflecting a 7.2% increase in foreign demand, the country’s statistics institute INS s...
Hilton Opens Its First Romanian-Based Hampton Hotel In Cluj-Napoca
American hotel chain Hilton, one of the world’s leading chains with almost 3,900 hotels in 90 countries, has opened its first Romanian hotel affiliated to the Hampton by Hilton brand in Cluj...
Verbund: We Cannot Remove Existing Turbines, But We Could Discard Projects Of Around EUR100M
Verbund, the largest energy company in Austria, says it will not go ahead with investments of almost EUR100 million in expanding the wind project in Casimcea (Tulcea) if the support scheme i...
Romania Expects Non-Binding Bids For Posta Romana By June 30, 2014
Romania has set June 30, 2014 as a new deadline for preliminary non-binding bids for the privatization of state-owned postal company Posta Romana, after no investor showed interest by the in...
Bosch Opens Third Production Unit In Blaj, C Romania, In EUR50M Investment
German group Bosch opened a new car part production unit Saturday in Blaj, central Romania, following an investment of nearly EUR50 million.
Romania Shadow Economy At 30% Of GDP – IEA Report
Black market activity in Romania is equivalent to almost one third of the country’s gross domestic product, the second-highest level in the European Union, according to a study by the Instit...
Romania To Support Women Seeking To Start Their First Business
Women who are taking their first steps in business will receive non-reimbursable financing of up to EUR10,000 from the state based on their business plan through a state-supported program ca...