Companies
Cosmote Romania Revenues Down 7.8% In 1Q, to EUR108.2M
Revenues of mobile operator Cosmote Romania dropped 7.8% in the first quarter of the year, to EUR108.2 million, following a drop in interconnection tariffs in 2012, and its pre-tax profit de...
How To Waste Money: 230 Km Of Highways To Cost EUR5B
Comarnic-Brasov (58 km) and Craiova-Pitesti (121 km) highways, as well as Bucharest’s southern bypass route (48 km), are set to be built under concession, but the huge costs accepted by the...
SIF Crisana-Banat Is Looking At Privatization Of Energy Distributors
With the entire 100 million-lei profit from 2012 still in its accounts, regional investment fund SIF Crisana-Banat (SIF1.RO) is going ahead with its plan to take part in the privatization of...
Kraft Foods Romania Changes Name To Mondelez Romania
Kraft Foods Romania, which sells coffee, chocolate, and biscuits, changed its name to Mondelez Romania as of April 25, part of its parent group’s global strategy.
Multinational Chains Dominate Romanian Retail
Romanian modern retail is dominated by foreign networks, which boast annual sales of EUR8.5-EUR9 billion. No local entrepreneur manages to compete against Kaufland, Lidl and Carrefour, and n...
Large Private Medical Service Providers Expect Up To 20% Growth In 2013
The major private medical service providers expect business to be better this year and see growth of up to 20%, Ziarul Financiar has found by looking at the data companies made public.
Ford Says Romanian Clunkers’ Scheme Could End Up Paying For Clunkers From Abroad
Zoltan Brassai, general manager of Ford Romania, who is in charge of the company’s sales, is concerned that the Romanian “Rabla” clunkers scheme could become a scheme where old cars are repl...
Pension Funds Could “Export” EUR1.4B If The Stock Exchange Doesn’t Grow
Marius Popescu, general manager of ING Pensii, the largest pension fund on the Romanian market, says if liquidity of the Bucharest bourse remains the same, local pension funds will have to r...
Micula Brothers’ Business Back To 2002 Level
European Food&Drinks group based in Bihor County (northwestern Romania), the largest food industry business of the country in 2007-2008, posted EUR386 million revenue in 2011. The amount in...