Companies
DTZ: Investors Spent EUR150M On Farmland This Year
Cristian Ustinescu, investment manager with real estate consultant DTZ, said at ZF Live on Thursday that 100,000 hectares of farming land changed hands this year. This should amount to EUR15...
Upetrom 1 Mai To Focus On Production Of Green Energy Equipment
Gabriel Comanescu, the owner of the Upetrom group, bets on production of green energy equipment at Upetrom 1 Mai and tries to consolidate the position of Grup Servicii Petroliere, the leadin...
State Budget To Be Sent To Parliament For Approval By November 15 - Bill
Romania’s Government wants to extend by a month the deadline by which the annual state budget must be sent to the Parliament for approval.
Antifraud Department: Businessman Nelu Iordache Embezzled EUR6M From EU Funds
A report by Romania’s antifraud department shows businessman Nelu Iordache embezzled EUR6 million from European Union funds via his construction firm Romstrade, as he used the money for vari...
CA Immo’s Office Space Is 99% Rented
Austria’s CA Immo, which owns four office complexes in Bucharest with a lettable area of 104,000 square meters, has kept its buildings 99% occupied after renegotiating and extending contract...
Mobexpert Tries To Persuade Customers To Buy Romanian Products
Businessman Dan Sucu, owner of the Mobexpert group, says he tries to manufacture the furniture and decorations he sells in his stores in Romania as much as possible and resort to imports onl...
ArcelorMittal Galati Sees Difficult Year Ahead As Steel Market Weakens
Romanian ArcelorMittal Galati, a unit of the world’s largest steelmaker ArcelorMittal, Wednesday estimated its operations will be negatively affected by falling prices in international marke...
EBRD Lends EUR175M To CFR To Improve Rail Infrastructure
The European Bank for Reconstruction and Development (EBRD) is extending a EUR175 million loan to Romania’s state-owned railway operator CFR to back reforms and improve rail infrastructure.
Bleak Outlook For Constructions Sector In Nov ‘12-Jan ‘13
Romanian companies expect activity in construction will continue to decline in the November-January period, but prices in the economy are seen rising, the statistics institute INS said in a...