Companies
Health Minister Nicolaescu Starts War Between State And Private Hospitals
With state-run hospitals losing patients, doctors and nurses to the private sector, the health minister has decided to suspend state financing to the private sector. But in the absence of co...
Culita Tarata Invests EUR8M In 40,000 Grain Storage Silo By The Danube
TCE 3 Brazi, with turnover of around EUR100 million from agriculture, livestock farming and the wood industry, has completed a EUR8 million investment in a large-size silo with a capacity of...
Owner Of Zara Makes 8 Million Clothes And Footwear In Romania
Inditex, the world’s largest fashion group, produces over eight million clothing and footwear items under contract in Romania per year, i.e. 1% of its production worldwide.
Cluj Authorities Are In Advanced Talks With A Company Aiming To Invest EUR1B And Hire 5,000 People
Cluj County Council says it is in advanced talks with a multinational company that plans to invest EUR1 billion in a production facility in industrial park Tetarom III in Jucu (Cluj county),...
Bucharest Stocks End Higher, Lender Carpatica Resumes Growth
The Bucharest stock exchange closed higher Monday, with lender Carpatica (BCC.RO) ending up over 10% after the decrease during the last two sessions when some of the investors marked up thei...
Titan Swings To RON6.8M Loss In 2012 Fiscal Year
Romanian milling and bakery company Titan (MPN.RO) Monday reported a loss of 6.4 million lei (EUR1.4 million) in fiscal year 2012 ended September 30, one third higher than the preliminary re...
Mihai Ghyka Steps Down As Vodafone Romania Chief Commercial Officer
Mihai Ghyka will step down as Chief Commercial Officer of Consumer Business Unit with telecom operator Vodafone Romania from end-February, the company said in a statement Monday.
Romania’s Assets Stand At EUR200B, Public Debt At EUR51B, Minister Says
Liviu Voinea, minister-delegate for the state budget, said in an interview for Ziarul Financiar, that the Ponta Government inventoried state assets, both in public institutions and state-run...
Omniasig Targets Corporate Clients, Sees Insurance Market Up 3-5% This Year
Omniasig, the largest insurer in Romania, controlled by Austria’s Vienna Insurance Group (VIG), has budgeted a one-digit turnover increase for this year. The company plans to narrow down its...