Companies
Fitch: Romania Government Should Be Able To Pass Decisions More Easily
The projected outcome of Romania’s parliamentary elections will guarantee the government the necessary support to pass bills more easily, but the absence of a strong opposition could also le...
Baumit’s Head: 2012 Was The Most Difficult Year Since I Took Over
Laurentiu Lupusor, general manager of construction materials producer Baumit Romania, says 2012 was a difficult year, with low investments in construction, while political turmoil led to the...
Eureko Has To Pay EUR6.6M In Damages To Sibiu-based Firm
Dutch-held insurer Eureko has to pay EUR6.6 million in damages to a Sibiu-based company for an insurance policy covering transported goods, one of the biggest compensation payments in the hi...
Ovidiu Buluc: Farmexim Has Consolidation Plans Over Next Two Years
Businessman Ovidiu Buluc, majority owner of drug wholesaler Farmexim, says he will move the company’s operations to the new storage facility in Balotesti (north of Bucharest) at the end of 2...
Bike Sales Reach EUR45M, Parts And Accessories Lift Romania Market To EUR200M
Sales of bicycles amount to about EUR45 million in Romania, but the growth the major vendors saw this year compared with 2011 is insignificant.
CFR Switches To Profit Of RON58M In January-October, Cuts Debts By 65%
Romania’s state-owned railway company CFR reduced its debts by 65% in the first ten months of 2012 to 1.9 billion lei (EUR0.41 billion) from RON5.5 billion, and switched to profit of RON58.4...
Romania Adjusted Construction Works Down 0.7% On Month In October
Romanian construction works fell 0.7% in October from a month earlier, due to declining activity in most sectors, the statistics institute INS said Friday.
Romanian CFOs Worried About Mid-level Financial Talent - Deloitte Survey
Romania’s financial services market will likely face a shortage of talent in the upcoming period, especially at middle and senior management levels, a survey from consultancy firm Deloitte s...
GeCAD NET Sales To Reach EUR3.5-3.6M This Year, Up 15%
GeCAD NET, part of GeCAD group, will end the year with a turnover of EUR3.5-3.6 million, from EUR3.1 million in 2011, fueled by a 20% increase in SME client numbers and higher demand for clo...