Companies
Visa: Household Spending In Romania Down 1% In 4Q/2012
Household spending in Romania dropped 1% in the last quarter of 2012, compared with the similar interval of 2011, after a 1% increase in the third quarter, according to a Visa Europe survey.
Fabryo And Atlas Paints Complete Merger, Eye 10% Higher Turnover In 2013
Paint and lacquer maker Fabryo, owned by Swedish investment fund Oresa Ventures, and Atlas Paints, the construction material division of Atlas Corporation, have completed their merger and es...
Alro's Future In Romania Depends On Adjusting Green Certificate Scheme - CEO
Romanian aluminum smelter Alro Slatina’s (ALR.RO) presence on the local market depends, in the short run, on the reduction of state aid granted to renewable energy producers, Gheorghe Dobra,...
BCR Gets EUR50M From EIB To Finance SMEs
The European Investment Bank extended a EUR50 million credit line to Romanian bank BCR for on-lending to small and medium-sized enterprises, midcap companies and public entities in Romania.
Romania Housing Construction Down 4.2% In 2012
Romanian housing construction fell 4.2% to 42,566 units in 2012 from the previous year, due to a decrease in the number of privately-funded units, the country’s statistics institute INS said...
Germany Deals Heavy Blow To Romania’s Schengen Hopes
Germany forgets that it does EUR9B worth of business in Romania and rejects Romania’s Schengen entry in a political statement. The costs of the postponement amount to hundreds of millions of...
Highways Only 60% Completed Despite April Deadline
Work on the ten most important highway construction sites is only 60% done on average, even though many of the highways should be open for traffic this April.
Construction Material Producers Turn To Exports To Offset Local Decline
The days when Romanian construction material producers could barely keep up with domestic demand are long gone, as the industry shrank by EUR2.5 billion in five years, making many local busi...
Romania Received Three Offers For Copper Producer Cupru Min
Romania has received three “very serious” offers for the privatization of state-owned copper producer Cupru Min, Economy Minister Varujan Vosganian said Sunday.