Companies
Railway Carrier Owner Buys Electroputere’s Locomotive Making Unit
Businessman Gruia Stoica, owner of the largest private freight rail transport company in Romania GFR, bought the locomotive making unit of Electroputere Craiova and Reloc Craiova, a locomoti...
Patriciu And AIG Lincoln To Sell Office Building Lakeview
South-African investment fund New Europe Property Investment (NEP.RO) could buy one of the leading business centers in Bucharest in a deal estimated at around EUR70 million.
Maman Group Head Believes It’s A Good Time For Large Companies To Invest
Opher Linchevski, chief executive of Israeli transport and logistics company Maman Group, part of giant Taavura, says it took over 65% in Romanian transport and logistics firm International...
Renault Might Add Turkey To List Of Dacia Manufacturing Locations
Renault is in talks with Turkish carmaker Karsan Otomotiv to have Dacia Dokker made at the Akcalar plant in Bursa, Turkey, according to wardsauto.com, a website specializing in the automotiv...
High Social Security Contributions Put Romania At A Disadvantage To Bulgaria
Cutting social security contributions is a way to stimulate the economy, given that Romania has remained one of the countries with the highest levels of social security contributions, 44.45%...
Siminel Andrei: Winmarkt's Sale Was NCH's Best Deal In Romania
Siminel Andrei, who runs the Bucharest operations of US investment fund NCH, one of the biggest investors in the Romanian economy 10-15 years ago, believes the best deal the fund made in Rom...
Esop: Office Owners Should Also Target Middle-Sized Companies
Alexandru Petrescu, managing partner of real estate consultancy Esop, one of the leading Romanian-held consultancies, says Bucharest has vacant office spaces with a lettable area of over 600...
Stock Purchases By Elliott Drive Fondul Proprietatea Up
Fondul Proprietatea (FP.RO) shares overshot the 0.6 lei (EUR0.14) per share on Wednesday for the first time since March 2012, driven by the massive buys of Elliott Associates hedge fund, its...
Court Admits Oltchim’s Insolvency Request
The Valcea Court admitted Wednesday the insolvency request filed by Romanian state-owned chemical plant Oltchim Ramnicu-Valcea (OLT.RO).