Companies
Romania Central Bank Holds Key Rate At 5.25%
Romania’s central bank kept its key rate unchanged at 5.25% for the seventh consecutive meeting Tuesday, in line with expectations, despite a weakening economy.
BMW Romania Boss: Economy Needs Quiet To Develop
The political crisis last summer and the elections in December made a significant impact on the car sales in Romania. While the first half showed a slight rebound after more than five years...
Electroputere’s New Owner Aims To Create Regional Railway Industry Hub
The decision to buy Electroputere SA (EPT.RO)’s locomotive making unit and rolling stock repair company Reloc Craiova was made after a trip to China, businessman Gruia Stoica says.
KPMG: Relatively Low Profit Tax Makes Romania Attractive To Investors
Romania has a relatively low tax on profit, of 16%, compared to the United Arab Emirates, which claimed the highest corporate tax rate (55%) last year, but needs to improve its fiscal stabil...
Romanian M&A Market Doubled To $788M In 2012
The value of the Romanian merger and acquisition (M&A) market doubled last year to $788 million despite a decrease in the number of transactions compared with 2011, according to consultancy...
Bostina Law Firm Involved In EUR84M Telecom Network Project
Four companies behind which are the lawyers of law firm Bostina & Asociatii and former sales managers of major IT companies, will collect over EUR600,000 to conduct a feasibility study and t...
Enel Green Power Romania Hiked Share Capital By RON500M
Enel Green Power Romania, a subsidiary of Enel Green Power, increased the share capital by 500 million lei (EUR114.4 million), to RON2.93 billion at the end of 2012, through the cash inflow...
Dutch Van Oord Signs Contract To Extend Constanta Dam
Dutch company Van Oord Dredging and Marine Contractors has signed a contract to lengthen the dam in the Port of Constanta, the Transport Ministry said Friday.
INS: Tourist Arrivals Up 9.3% In 2012
Tourist arrivals in Romania rose 9.3% in 2012 from a year earlier, while overnight accommodations were up 6.6%, the statistics institute INS said Friday.