Companies
Kia: Car Market Will Shrink By 10% To 20% This Year
The auto market might shrink again by up to 20% this year if the authorities return to the old version of the clunkers program, which uses nominal vouchers, says Dan Chitaru, chairman of Kia...
Bank Of Cyprus Keeps Romanian Unit Closed Until April 22, Pending Sale
The Romanian units of Bank of Cyprus will remain closed for two more weeks, until April 22, pending sale negotiations that start Monday, April 8, the bank said in a statement Sunday.
EU Denies Romania New Extension On Reverse Taxation System On Cereal
The European Commission has rejected Romania’s request to continue applying a reverse taxation system on cereal beyond June 1 this year, saying the procedure must not be used systematically...
Romania Takes Steps To Enrich CFR Marfa Ahead Of Sale Through Debt-For-Stock Swap
Romanian state-owned freight railway carrier CFR Marfa will take over a 606 million lei (EUR137 million) debt CFR Infrastructura has to the state budget in exchange for writing off a part of...
Deichmann Romania Sold Nearly EUR50M Worth Of Shoes Last Year
German footwear retailer Deichmann sold 2.33 million pairs of shoes in Romania last year, posting a gross turnover of 217.7 million lei (EUR49.2 million), 29% higher than in 2011, the compan...
Industrial New Orders Up 5.2% On Month In February
Romanian industrial new orders rose 5.2% on the month in February, fueled by growth in most sectors, the statistics institute INS said Friday.
INS: Romanian Industrial Sales Up 9.5% On Month In February
Romanian industrial sales rose 9.5% in February from a month earlier, helped by higher demand in the manufacturing industry, the country’s statistics institute INS said Friday.
What Is The Price Of Transgaz Offering And How Can Investors Buy Shares?
The intermediaries of the secondary public offering to sell 15% in Romanian natural gas transmission company Transgaz seem to have learned from the “mistakes in the past” and sought to struc...
Lykos To Open First Chip Card Plant In Romania Next Week
Greek group Lykos will open an integrated circuit card (ICC) plant in Bucharest Wednesday following an investment worth over EUR25 million.