Companies
Bancpost-Banca Romaneasca Merger To Take A While
Bancpost and Banca Romaneasca may start preparing for the merger that will create a sounder top ten bank in Romania after the official announcement about the successful bid of National Bank...
Foreign Companies Account For 40% Of Overall Turnover And GDP, With Only 23% Of Employees
The turnover per employee exceeded EUR100,000 per person in foreign companies in 2011, almost double as high as for the entire economy.
Rewe Set To Open 14 Penny Market And XXL Mega Discount Stores
Retailer Rewe Romania, which operates two store formats in this country, Penny Market and XXL Mega Discount, will invest between EUR10 million to EUR15 million to open 14 stores this year.
Mechel Sells Romanian Assets For RON230
Russia’s steel giant Mechel Tuesday said it has sold its Romanian assets to local company Invest Nikarom SRL for a nominal sum of 230 lei (around EUR50).
Grup Feroviar Roman On The Shortlist For Bulgaria’s Freight Railway Carrier Sale
Romanian freight railroad transporter Grup Feroviar Roman (GFR) said Tuesday it qualified and entered the shortlist for the privatization of Bulgarian freight railway carrier BDZ Cargo Grup...
Ponta Says Oltchim And CFR Marfa Will Have To Cut Staff
Romania’s state-owned chemical plant Oltchim Ramnicu-Valcea (OLT.RO) will not be able to keep all its employees after restructuring and staff cuts will also be operated within railway freigh...
IQuest Targets 13.6% Boost In Turnover This Year, To EUR25M
Software solutions and services provider iQuest posted a turnover of EUR22 million last year, up 35% from 2011, following expansion domestically and abroad, and estimated to hit EUR25 millio...
EBRD Grants EUR9.2M Loan To Upgrade Water Infrastructure In Romania’s Prahova County
The European Bank for Reconstruction and Development (EBRD) is considering providing up to EUR9.2 million to co-finance investments in water infrastructure upgrades by SC Hidroprahova SA, a...
Romanians Withdrew EUR24B From ATMs Last Year, Six Times More Than They Paid By Card To Retailers
Romanians withdrew more than 106 billion lei (EUR24 billion) from cash dispensers last year, six times more than POS payments, according to data from central bank BNR. Card payments totaled...