Companies
Volksbank: New FX Lending Regulations To Cap SME Access To Funds
Romanian small and medium-sized companies will have limited access to foreign currency loans once the central bank’s new regulations are in place, an official of Volksbank Romania said Tuesd...
Electroarges May Pay Out Dividends Of RON4.4M For 2012
Romanian home appliance manufacturer Electroarges (ELGS.RO) may pay out a gross dividend of 0.0545 lei (EUR0.012) per share to its stockholders from the profit registered in 2012.
Romania To Amend SME Law, Government Approval Expected In May
Romania will bring new changes to the law regulating small and medium-sized businesses and the new bill is expected to reach the government for approval in around six week, an Economy Minist...
Romania Private Lending Falls 0.6% To RON222.7B In February
Romanian private lending fell 0.6% in real terms to 222.7 billion lei (EUR50.5 billion) in February, from RON223.4 billion a month earlier, central bank data showed Tuesday.
OTE To Continue Investments In Cosmote And Romtelecom
The Romanian telecom market is one of the toughest in Europe, but it has a potential to grow and Michael Tsamaz, CEO and Chairman of OTE & Cosmote Greece, says for him it is a “personal bet”...
Farmers Head For A Wheat Harvest Of 6.1 Million Tons
Romanian agricultural producers are set to harvest a total wheat production of 6.1 million tons this summer, up 22% on the preceding season, show March estimates of Cocereal, a European orga...
Voluntari CityHall Mulls Taking RON70M Loan For EU-Funded Project
The cityhall of Voluntari, a town nearby Romania's capital city Bucharest, aims to take a 70 million lei (EUR15.87 million) loan, on a 10-year period, to co-finance public investments develo...
PIC Hypermarkets Put Up For Sale As Takeover Deal Falls Through
Romanian insolvent hypermarket network PIC has been put up for sale by its legal administrator PricewaterhouseCoopers Business Recovery Services (PwC) after businessman Nicolae Sarcina quit...
Ecovalor Carries Out RON26.8M EU-Funded Project To Boost Its Waste Processing Capacity
ecovalor, the waste management division of cement maker Holcim Romania, set in motion a project of 26.8 million lei (EUR6 million) meant to increase its capacity to process solid waste.