Companies
ECB: Romania Non-Banking Exposure To Cyprus At EUR100M
The exposure of Romanian individuals and non-financial companies to Cypriot banks reached approximately EUR100 million at the end of 2012, according to data from the European Central Bank.
Privatization Announcement For CFR Marfa To By Published In Early-April - Minister
The Romanian Transport Ministry will publish the privatization announcement for state-owned freight railway carrier CFR Marfa on 6 or 8 April, the head of the ministry said Thursday.
CFR Calatori Has New Management
Romania’s Transport Ministry has appointed Valentin Dorobantu as chief executive officer of passenger railway carrier CFR Calatori following a private manager selection process.
Tarom's Managers Forecast Narrower Loss In 2013
The management of Romanian state-owned airline Tarom forecast a loss of 143 million lei (EUR32.3 million) in 2013, narrower than the previous estimate of RON186 million included in the compa...
Competition Council Looks Into Auchan Takeover Of Real Hipermarkets
Romania’s antitrust body announced Thursday it was looking into the takeover by Auchan Romania of real,- Hypermarket chain.
WSJ: Microsoft Accused Of Bribing In Order To Get Government Contracts
Gabriel Sandu, who was a Communications Minister when the Romanian state paid $31 million and signed further contracts worth EUR104 million with Microsoft, rules out corruption after Microso...
Very Good Start Of The Year For Beer Sales
Beer sales went up 24% this January, compared with the year-ago period, to 741,000 hectoliters, according to ZF’s calculations based on National Statistics Institute data.
Turkish Producer Sutas Buys Tnuva Plant
Turkish dairy producer Sutas, a group with turnover of $600 million per year, bought in a complex deal the former plant of Israeli dairy processor Tnuva near Bucharest, which went bankrupt l...
Enel Romania: Households Face Higher Electricity Bills, Small Companies To Pay Less
Romania’s planned deregulation of electricity tariffs will lead to higher costs for household consumers, but the duration of the process will make the impact less severe, the head of utility...