Companies
What Bank Of Cyprus Has To Sell: Real Estate Portfolio Accounts For 40% Of Loans
The tension generated among clients by the closure of the Bucharest unit has not become apparent yet.
ANAF: Romania’s Tax Revenue Up 6.5% On Year To RON27B In 1Q
Romania’s tax authority ANAF collected total taxes of 27 billion lei (EUR6.15 billion) in the first three months of 2013, up 6.5% compared with the similar interval a year ago, thanks to hig...
Alpha Bank Takes Over Doamna Ghica Plaza Residential Complex
Alpha Bank has taken over the Doamna Ghica Plaza residential complex in Colentina (northeastern Bucharest), developed by a Slovenian group and several local investors, among which bankers an...
Renault Threatens To Move Most Of Dacia’s Production To Morocco If Wage Costs In Romania Rise
If the current conflict between some of Dacia’s employees and the management on the new collective labor agreement drags on, things could “take a dangerous turn for the [Romanian] Mioveni pl...
Wind Farm Production Drags Electricity Prices Down 40%
The average electricity price dropped almost 40% in the first quarter of the year, and the trading price on the day-ahead (spot) market is now closer to the price in the similar period of 20...
Three Years Of Losses, EUR18M Receivables Pushed Dobrogea Grup Into Insolvency
Dobrogea Grup, one of Romania’s largest bakery businesses, went insolvent six weeks ago after its sales dropped 24% to EUR41 million in 2012.
Sales Of Romanian Electronics Retailer Flanco Up 25% In 2012, To EUR137M
Romanian electronics and appliances retailer Flanco had a turnover of EUR137 million in 2012, up nearly 25% on the year, and reached a 13% market share, the company said in a statement Tuesd...
Nearly 1,000 Oltchim Employees Protest Outside Government Building
Nearly 1,000 employees of insolvent state-owned chemical plant Oltchim Ramnicu Valcea and its petrochemical unit in Bradu are protesting outside the government building in Bucharest Tuesday,...
Money For Badly Needed Repairs Of Railroad Tracks Can Only Cover 13 Km Out Of 5,900 Km
Almost half the Romanian railway network needs capital repair works, but existing lines have received only EUR18 million from the state budget for such works. The bulk of the overall public...