Companies
Allianz-Tiriac 1Q Underwritings Up 5%, To RON241.5M
Romanian insurer Allianz-Tiriac Asigurari, part of German group Allianz, posted revenues from underwritten premium of RON241.5 million in the first quarter of 2013, up 5% on the year, and an...
CNADNR Paid Some EUR1.2B For Romania’s Top Ten Highway Projects
Romania’s national roads authority CNADNR paid around EUR1.2 billion for the country’s ten leading highway construction sites, which are nearly 250-km long and whose overall costs amount to...
Drought To Shave EUR5M Off Cerealcom’s Wheat Production
Mihai Anghel, who set up the Cerealcom Dolj group, with turnover of EUR120-130 million per year from agriculture, grain trade and wine production, estimates wheat productivity this summer wi...
Managers Of Former CSA And CNVM Receive Over EUR100,000 In Severance Pay
The former managers of the now extinct authorities that used to supervise the capital market, the insurance sector and private pensions, get severance pay of up to 19 monthly salaries becaus...
Colliers: Developing Business Parks On City Outskirts No Longer Makes Sense
Developing business parks on the outskirts of cities no longer makes sense and they should be replaced with multifunctional projects, considering that the new generations of employees desire...
Transport Ministry Seeks Brokers For Traian Vuia Airport Public Offering
The Romanian Transport Ministry will organize a new auction to select brokers to advise on a secondary public offering of 5% in the Traian Vuia Airport in the western city of Timisoara, afte...
No Potential Investor Buys Taskbook For Posta Romana Privatization
No potential investor has bought the taskbook for the privatization of Romanian state-run postal company Posta Romana until May 28 deadline, the company’s general manager Ion Smeeianu told a...
ALB: Leasing Market Up 12% In 1Q, To EUR242.8M
The Romanian financial leasing market decreased 12% on the year to EUR242.86 million in the first quarter of 2013, due to a 19% decline on the auto segment to EUR173.2 million, Antoaneta Cur...
Carmolimp: Pork Prices To Rise 12-15% By Yearend
The price of pork will increase 12-15% by the end of the year due to higher animal feed costs, said packed meat producer and distributor Carmolimp.