Companies
Pirelli Makes Tires For Race Cars At Its Romanian Plant
Pirelli has started to manufacture high-technology motorsport tires at its Romanian Slatina plant for GT and GP2 championships race cars, as well as for Formula 1 racing cars.
Antibiotice's Net Profit Rises 33% To RON27.4M In 2012
Romanian state-owned drugmaker Antibiotice Iasi SA (ATB.RO) Wednesday said its preliminary net profit rose 33% in 2012 to 27.4 million lei (EUR6.1 million).
Romanian Government Sells Over EUR190M Worth of Shares To Electrica Staff
The employees of Romanian state-run electricity supplier Electrica SA could buy shares in the company's privatized branches at between EUR3.17 and EUR45.26 per unit, according to the branch,...
Erste: Romanian Economy Needs More Dacia Stories To Advance
Romania needs a “critical mass of engineers”, an economic-oriented educational system and more success stories like Dacia to catch up with its neighbors and converge to the EU economy, Erste...
Steel Maker Mechel Targoviste Files For Insolvency
Romanian steel maker Mechel Targoviste (COS.RO) has filed for insolvency with a view to restart activity once its restructuring process is complete, the company said in a statement Wednesday...
Romania To Cut Back On Renewable Energy Support As Of 2014
Romania plans to reduce the number of green certificates granted to solar energy producers starting with 2014, an official of the country’s energy regulator ANRE said Wednesday.
Lafarge Cement Sales In Romania Up 7.9% In 2012
Lafarge cement sales in Romania increased 7.9% last year, driven by larger volumes both in the fourth quarter and throughout the year, the French construction material producer said in a rep...
Orange Romania 2012 Revenues Down 2.6% On Year, To EUR913M
Revenues of mobile operator Orange Romania saw a slight decline last year, of 2.6%, to EUR913 million, affected, among other factors, by the impact of new interconnection tariffs.
Volksbank Seeks Local Financing To Rebalance Loan To Deposit Ratio Within 3 Years
Volksbank, which has been through a tough restructuring in the past few years, now wants to increase its number of clients and attract more deposits, and is preparing to open new branches.