Companies
Mechel Targoviste 2012 Revenue Down 12.3% To RON941.3M
Romanian steel maker Mechel Targoviste (COS.RO) on Monday said its revenue declined 12.3% to 941.3 million lei (EUR211.5 million) in 2012 from RON1.07 billion in 2011.
Mercedes Moves To Insolvent Swan Pipera Complex
Mercedes-Benz Romania, the local subsidiary of Daimler, which imported and sold 3,300 cars on this market last year, has recently signed the lease for 3,000 square meters of office space in...
P&G Puts Romanian In Charge Of Its Largest Plant In Europe
Procter&Gamble has appointed Adina Pascu as chief executive of its largest production facility in Europe.
Orsova Shipyard Switches To RON7.8M Loss In 2012
Romanian shipyard Santierul Naval Orsova (SNO.RO) Friday said it switched to loss of 7.8 million lei (EUR1.7 million) last year, versus profit of RON0.4 million in 2011, following asset valu...
Just One In 7 Romanians Works In Private Sector
The share of private sector employees to the total population is just 13.7% in Romania, placing the country near the bottom of the European ranking.
Wizz Air Continues Expansion, Hopes To Carry Over 3 Million Passengers
Low cost airline Wizz Air, the largest on the Romanian market by number of passengers, hopes to carry more than 3 million people to and from Romania in 2013, compared with 2.76 million last...
Borza Liquidates Wood Institute, Sells Land
The National Wood Institute, held by AVAS, the authority in charge of privatizing state assets, has been largely liquidated, while a significant part of the land that used to accommodate the...
April-Scheduled Highways Delayed Until August
A total of 150 kilometers of highways part of the European Corridor IV that were supposed to be completed by April will be inaugurated several months later, mainly due to some payment proble...
Raiffeisen Bank: Lenders Reluctant To Finance SMEs Because Collateral Is Worthless
Romanian banks cannot afford the risk to finance small and medium-sized companies, because collateral values depreciate very quickly in case of insolvency, the head of Raiffeisen Bank Romani...