Companies
Cargus’s New Owner: We Have EUR450M For Investments In The Region
Cezar Scarlat, the head of the Romanian office of private equity fund Abris Capital Partners, which has recently bought the second largest domestic courier company Cargus International from...
Romanian Government Approves This Year’s Second Budget Revision
Romania’s Government approved this year’s second budget revision in a special meeting Saturday.
Pre-Suspension Of EU-Funded Development Program Blocks Funds Of EUR200M - Ministry
The decision of the European Commission to pre-suspend the Romanian EU-funded program for regional development will block refunds of about EUR200 million for two months, the Development Mini...
Bucharest City Hall Gets Financing To Build Tunnel
Bucharest general mayor Sorin Oprescu and Development Minister Eduard Hellvig on Friday signed a contract financing the construction of an underground passageway in southern Bucharest.
Transgaz Trading For Less Than IPO Price, Yet Investors Made 44% From Dividends
The delay of the sale of 15% in gas transmission company Transgaz Medias (TGN.RO) by the government via a public offering on the stock market has driven the share price below the price of it...
Shareholder of S+B Gruppe: Romania Is Currently Attractive Because It Still Has Homework To Do
Franz Paul Bauer, the Austrian managing director and shareholder of S+B Gruppe, which has invested around EUR120 million on the Romanian market, mainly in real estate, says Romania is curren...
Romanian-Owned DAAS Expands Abroad
DAAS, one of the leading suppliers of equipment for hotels, restaurants and food stores, will open its first branch outside Romania, in the Republic of Moldova, at the beginning of November....
The Group: Romanian Communication Industry To Stagnate In 2013
Mihaela Nicola, shareholder and CEO of communication group The Group, one of the largest on the Romanian market, said the communication industry will stagnate in 2013, similarly to this year...
Low Domestic Production, Obsolete Farming Technologies Responsible For Food Price Increases
Low domestic production, unable to cover demand, as well as outdated farming technologies are the main cause of food price increases, Alexandru Vlad, vice-president of retail association AMR...