Companies
Lafarge Romania 9-Month Cement Sales Up 5.9% On Year
Cement maker Lafarge Romania, a unit of French group Lafarge, Friday said it posted 5.9% higher cement sales in the first nine months compared with a year before, driven by a positive trend...
Cargill Wants To Sell Two Silos In Giurgiu
US-based Cargill, the leading grain trader in Romania and one of the lowest-profile companies in its industry, intends to sell a silo and a grain handling facility in Giurgiu County (souther...
Government Expects To Raise EUR450 From Sale Of Stakes In Petrom, Romgaz, Cupru Min
Romania’s government expects to raise over 2 billion lei (EUR448.2 million) from the sale on the stock exchange of minority stakes in oil company OMV Petrom (SNP.RO) and natural gas producer...
Hidroelectrica Resumes Electricity Auctions, Forgoes Down Payment
Romania’s insolvent power producer Hidroelectrica has rescheduled for November 14-20 a series of electricity auctions in a bid to raise 391 million lei (EUR86.7 million), while renouncing a...
Ponta Says Hidroelectrica Will Exit Insolvency By Yearend
Romanian state-run hydropower producer Hidroelectrica will complete its insolvency process by the end of the year, Prime Minister Victor Ponta said Thursday.
Romania Wants New Deal With IMF In 2013
Romanian President Traian Basescu Thursday said his country plans to obtain a new loan agreement with the International Monetary Fund once the existing one ends in April 2013.
IMF Sees Modest Growth In Romania In 2013
The International Monetary Fund estimates Romania will post only a modest economic growth in 2013, due to delays in EU fund absorption and implementation of structural reforms, IMF mission c...
Austrian Post Takes Over Romania's Postmaster
Austrian Post Group, the national post office services company in Austria, Thursday said it fully took over Postmaster Bucuresti, after buying the 74% it did not own in the company.
Ponta Says Romania Offers Favorable Conditions For Investments Despite Political Changes
Romanian Prime Minister Victor Ponta on Thursday said Romania offers favorable conditions for investments despite political changes and assured American investors that he is willing to talk...