Companies
Glencore In Talks To Take Over Vegetable Oil Producer Prutul Galati
International trader Glencore is in talks to buy vegetable oil producer Prutul Galati, owned by Romanian businessman Marian Andreev, people close to the talks told Ziarul Financiar.
Romcab Wants To Borrow EUR1.85M From Piraeus Bank
Romanian cable maker Romcab (MCAB. RO) plans to contract a short-term credit line of EUR1.85 million from Piraeus Bank.
Romania To Sell 51% In Posta Romana To Strategic Investor
Romanian state-owned postal company Posta Romana will be privatized through a share capital hike, and the future investor will hold a 51% stake in the company instead of a previously agreed...
Winemaker Domeniile Coroanei Segarcea Focuses On Premium Segment
Winemaker Domeniile Coroanei Segarcea wants to position itself on the upper segment of the market, because its 300 hectares of vineyard does not allow it to compete on equal footing with win...
Volvo Group Unifies Imports Of Volvo And Renault Trucks Starting January 1
Volvo Group will integrate the sales and service networks of Volvo Trucks and Renault Trucks in Romania, considering the fact that at international level Renault Trucks is a division on Volv...
Managers Believe Romania Will Become Low-Cost Hub By 2032 - Survey
Managers believe Romania will become a low-cost hub in the next 20 years, with competitive advantage in low value-added activities, while students consider the local market has innovative po...
Eurolines Sees Sales At RON243M In 2012, Up 32% On Year
Romanian tourism group Eurolines estimates its sales will increase 32% in 2012 to 243 million lei (EUR54 million), Dragos Anastasiu, the owner of the group, said Thursday.
Draft Budget: Romania To Hike Staff Spending, Cut Capital Expenses In 2013
Romania will increase staff expenses by 1.8 billion lei (EUR0.4 billion) next year to restore public wages, after they were cut by 25% in 2010, while capital expenses will be reduced by RON1...
Aerostar Bacau Expects 27% Higher Turnover In 2013, To RON210M
Romanian plane construction and repair firm Aerostar Bacau (ARS.RO) estimates its turnover will rise 27% to 210 million lei (EUR46.3 million) in 2013, compared to an estimated turnover of RO...