Companies
Five Second Hand Cars For Every New One Registered In 1Q
New car registrations fell 20% to 11,200 units in the first quarter on the year-ago period, according to the Driving License and Vehicle Registration Department (DRPCIV).
From Almost 30 In Early ‘90s, Romania Has Only 8 Farming Equipment Manufacturers Left
The Romanian industry of farming equipment relies on just eight manufacturers, while 23 years ago, when communism collapsed, there were almost 30 manufacturers, says Ion Pirna, general manag...
Government Adopts Decree On Protection Measures For Laid-Off Employees
Romania’s Government adopted Tuesday an emergency decree containing social protection measures for employees affected by the restructuring of state-owned companies, Economy Minister Varujan...
Renault Truck Defense, MFA Mizil Cooperate In Military Vehicle Production
French military technology producer Renault Truck Defense, part of Swedish group Volvo, Tuesday signed a memorandum with Romanian company MFA Mizil to cooperate in the production and sale of...
Romvac Targets 13.6% Higher Turnover In 2013, To RON50M
Romanian manufacturer and distributor of veterinary vaccines and drugs Romvac Company estimates a 13.6% increase in turnover this year, to 50 million lei (EUR11.4 million).
South African NEPI To Invest EUR500M In Romania By 2016
South-African investment fund New Europe Property Investment (NEP.RO) will expand to Serbia, Hungary, Slovenia, and Bulgaria, but Romania remains its primary market in the region and investm...
CFR Shareholders Appoint New Managing Board
The shareholders of Romanian state-owned railway operator CFR SA Monday appointed a new Managing Board, which includes Sorin Mindrutescu (Oracle Romania CEO), Peter Weiss (former head of Ban...
Posta Romana To Cut Employee Numbers And Wages
Romania’s state-owned postal service operator Posta Romana will lower its staff numbers and employees’ wages, following a slump in activity both domestically and internationally, the company...
BRD Granted Over EUR900M In Mortgage Loans Under First Home Program
Romanian lender BRD Groupe Societe Generale granted mortgage loans totaling over EUR900 million under the government-backed First Home program, between the summer of 2009 and the end of the...