Companies
Chevron Romania Manager Sells His Stake For $1M To Group Division
The general manager of Chevron Romania, Cristian Caciulescu, has sold the stake he owned in the car and industrial lubricant company for about $1.1 million to a division of U.S. group Chevro...
Dacia Registrations In Germany Up 6.7% In January-April
Registrations of new Dacia cars in Germany rose 6.7% in January-April this year, to 14,609 units, while the German car market declined 8.5%, to 958,401 units, German car registration office...
RomReal Seeks To Sell Lands In Romania, Splits Plots To Attract Buyers
Real estate developer RomReal, with Norwegian and british capital, plans to sell part of the 130 hectares of land it owns in several areas in Romania to ensure liquidity and has started brea...
Enel Energie To Buy EUR2B In Green Certificates By 2023 From Sister Companies
Enel Energie Bucharest, part of Italy’s utility giant Enel, is securing its green certificates for a ten-year period by signing acquisition contarcts with companies in the Enel group for as...
THR Marea Neagra To Borrow RON15M And Pledge Five Hotels As Collateral
Romanian hotel company THR Marea Neagra (EFO.RO), owned by regional investment fund SIF Transilvania (SIF3.RO), will contract two credit lines totaling RON15 million, for which it plans to p...
Nabucco Pipeline Project Launches “Open Season” Process For Transport Capacity Booking
Nabucco Gas Pipeline International announced Monday the launch off the Open Season process for capacity booking in the Nabucco pipeline and interested transporters will be able to provide bi...
Carmolimp Starts Exporting Premium Products This Year To UK, Germany, Belgium
Romanian meat producer and distributor Carmolimp will start exporting premium products this year to the UK, Germany, and Belgium, and estimates a 10% rise in sales.
EU Warning: Arrears, Little Progress With State-Company Restructuring May Pressure Romania’s Budget
Local government arrears and limited progress with restructuring Romania’s state-owned companies could result into renewed pressure on the country’s state budget, the European Commission war...
Electoputere Owners Fail To Keep Their Promises
Arab-held Al-Arrab group that promised a five-fold increase in the sales of Electroputere Craiova (EPT.RO) upon its privatization, as well as to turn it into a world giant did exactly the op...