Companies
Ecopack Ghimbav 1Q Sales Flat, Profit Down Three-Fold To RON180,000
Romanian cardboard box maker Ecopack Ghimbav (AMCP.RO) on Tuesday said it registered first quarter sales of 19.07 million (EUR4.3 million), down 2.5% from the first quarter of 2012.
Prysmian Slatina Opens First Fiber Optic Cable Production Unit
Prysmian Slatina has opened Tuesday the first unit for the production of fiber optic cables, following an investment evaluated at EUR10-EUR15 million.
WB: Romania Is Europe’s Top Spender On Public Projects, But With Few Results
Romania has been Europe’s top investor in public sector projects in terms of GDP share over the past 10 years, but its investment-to-performance ratio is far from satisfactory, a senior econ...
Privatization Authority Eyes Selling Its Minority Stakes In 81 Firms In 2013
Romania’s privatization authority AAAS plans to sell its minority stakes in 81 companies this year, authority head Adrian Constantin Volintiru said Tuesday.
Banks To Distribute Farming Subsidies Considering Agriculture Lending
Banks will broker the distribution of farming subsidies considering their market share on the agriculture lending segment, Romanian Agriculture Ministry secretary of state Achim Irimescu tol...
Romania To Upgrade Railway Section For EUR290M
The railway section between Vintu de Jos and Simeria, central Romania, will be upgraded based on a contract worth 1.255 billion lei, VAT not included, (EUR290.6 million).
Price Increases Keep Annual Detergent Consumption Below 5 Kg/Capita
Each Romanian bought 4.8 kilos of detergent last year, for which they paid an average of 42 lei, with the price rising almost five percent between 2010 and 2012.
Stirom Posts 1Q Loss Of RON1.4M, Turnover Down To RON37.3M
Romanian glass container producer Stirom Bucharest (STIB.RO) posted a turnover of 37.3 million lei (EUR8.5 million) in the first quarter, down 3% from the first quarter of 2012, and losses o...
Survey: Romanians Less Worried About Income Decrease, But Highly Concerned About Price Hikes
Romanians were less worried about the decrease in their personal income and about job security in 2012, compared to the previous year, but are very concerned about price hikes, according to...