Companies
Ana Alexe - From The Call-Center Headset To Vodafone’s Board
About 12 years from the time she took a job in a call center at Connex (now Vodafone), Ana Alexe was promoted to the board of Vodafone Romania, as Director Customer Operations. She is now in...
Spicul Seeks Investor To Revive EUR30M Plant
Bakery company Spicul (wheat ear), which owns one of the most powerful brands on the market with an over 160-year history is looking for a strategic investor.
Furniture Companies: Difficult Year, Exports Might Help Somewhat
Local furniture industry is bracing itself for a new year of decline, the fifth in a row since 2009, when it started. The main players say they will have a difficult year on the Romanian mar...
EC’s Plan To Reduce State Aid Starting 2014 To Impact SMEs
The European Commission wants to reduce state aid starting next year, a proposition rejected by several EU member states, including Romania, and allow non-reimbursable financing only from st...
Borza: Number Of Insolvencies To Surge In 2013
Banks can no longer afford to roll over non-performing loans and will start filing insolvency claims against debtors, Remus Borza, the legal administrator of insolvent state-owned company Hi...
Adeplast Takes Over Dufa Operations In Romania And Bulgaria
Romanian building materials producer Adeplast has taken over the production and distribution of German paint brand Dufa in Romania and Bulgaria.
TMK Artrom Eyes $315M Revenues In 2013, Up 18% On Year
Romania’s TMK-Artrom Slatina (ART.RO), controlled by Russian steel pipe maker TMK, forecasts revenues of $315 million in 2013, up 18% from a year before, the company said in a statement Tues...
FRC Granted Counter-Guarantees Worth EUR662M In 2010-2012
The Romanian Counter-Guarantee Fund (FRC) has granted some 17,000 counter-guarantees worth a total of EUR662 million since its establishment, in 2010.
Lazea, BNR: Romania Has Highest Household Debt To Disposable Income Ratio In Europe
Romania has the highest household debt to disposable income ratio in Europe, of around 20%, well above the ratios in Germany, France or Italy, a central bank official said Tuesday.