Companies
Isarescu Says Leu’s Appreciation Remarkable, Given Cyprus Crisis
The Romanian leu’s rise in recent weeks is remarkable taking in consideration the Cypriot banking crisis and problems at the local unit of Bank of Cyprus, central bank governor Mugur Isaresc...
Isarescu: BNR Will Begin Rate Cut Cycle
Romania’s central bank plans to begin a monetary policy easing cycle, as soon as the next board meeting scheduled for July 1, hoping the economic developments will not stop the process, gove...
ArcelorMittal Hunedoara To Merge With Firm Under Its Control
Romanian steelmaker ArcelorMittal Hunedoara (SIDG.RO) on Thursday announced it would merge with Mecanica Sider, a company it controls 99.89%.
Furniture Maker Rus Savitar To Hire 400 People In 2013
Romanian Timisoara-based furniture producer Rus Savitar, held by the Rusu family, will hire around 400 people this year, after it completes an EUR6 million expansion project started in 2012.
Belgium’s WDP Is Building Solar Parks To Supply Its Logistics Projects
Belgian real estate developer Warehouses DePauw (WDP), which owns a logistics park supplied with solar energy in Arges county (southern Romania), plans to build photovoltaic parks of over 10...
Boromir Prod Expects Switch To RON2.8M Profit In 2013
Romanian milling and bakery company Boromir Prod Buzau (SPCU.RO) estimates it will switch to profit of 2.8 million lei (EUR0.64 million) in 2013, from loss of RON1.92 million in the previous...
Romanian Government Converts Mining Company Debts Into Shares
The Romanian government will write off the debts of mining company Remin Baia Mare to the state budget by converting them into shares, Prime Minister Victor Ponta said Tuesday.
Altur Slatina Expects Pretax Profit To Fall 47% In 2013
Romanian car parts maker Altur Slatina (ALT.RO) expects annual pretax profit to dive 47% to 2.86 million lei (EUR0.66 million), according to the company’s revenue and expenditure budget rele...
Romsys Has EUR10M For Acquisitions
Romsys, one of the largest local IT&C solution integrators, is planning to buy two local IT companies specializing in niche solutions, which it does not already provide, chief executive Hora...