Companies
E&Y: Romania’s M&A Market At $900M In 1H, Up 86% On Year
Romania’s mergers and acquisitions (M&A) market increased 86% in value in the first semester of 2012, at $901 million, similar to the entire 2011, according to M&A Barometer survey of Ernst...
Cosmote Romania To Launch 4G Telecom Services Next Year
Mobile operator Cosmote Romania will launch fourth generation (4G) telecom services on the Romanian market next year, on the telecom license it bought in September, general manager Stefanos...
Shoe Retailer Benvenuti Owner: I’m Optimistic But Things Won’t Be The Same
Dan Pavel, the founder and majority shareholder of footwear and accessory retailer Benvenuti says that the footwear market and consumer spending are starting to stabilize after three years o...
U.S. Franklin Templeton Could Lose Management Of Fondul Proprietatea Over Procedural Error
U.S. company Franklin Templeton could end its mandate as manager of the EUR2.5 billion funds of Romanian investment fund Fondul Proprietatea (FP.RO) after the Bucharest Court of Appeals irre...
Bamesa Otel Came To Romania To Work With Dacia. Now It Adds Ford
Bamesa Otel, a joint venture established by Spain’s Bamesa and ArcelorMittal in 2005 to serve Dacia Renault, expects EUR110 million revenue this year.
KPMG: Proposed EU Audit Reforms Could Increase Business Costs, Reduce Audit Quality
The proposed audit reforms put forward by the European Commission could significantly disrupt the audit market, reduce quality and generate additional costs for business, believes Michael An...
Franklin Templeton Says To Continue Managing Proprietatea Fund
Franklin Templeton will continue to manage Romanian investment fund Fondul Proprietatea (FP.RO) in accordance with the fund’s existent bylaws, the fund manager said in a statement Wednesday.
Enterprise Investors: No Investments In Romania Since 2010 As We Lack Targets
Polish private equity firm Enterprise Investors has the money to invest in Central and Eastern Europe after raising its 7th private equity fund with a capital of around EUR650 million, but i...
Romania Sets Up Firm To Export Output Of Debt-Ridden State Companies
Romania’s Government on Wednesday decided through an emergency ordinance to set up a wholesale brokerage firm to sell on foreign markets the products made by state-owned companies that regis...