Companies
Romania Corn Output Falls 60% In 2012 Due To Dry Weather
Romanian Agriculture Minister Daniel Constantin Friday estimated the country’s corn production declined 60% to around 4.7 million tons in 2012, due to dry weather.
Prodplast Relocates Operations To Industrial Platform Faur
Romanian plastics producer Prodplast Bucuresti (PPL.RO) on Friday said it will relocate its business to industrial platform Faur, in capital city Bucharest, where it rented two production ha...
Oltchim Employees Extend Protests Into Third Day
Over 300 employees of Romanian chemical company Oltchim Ramnicu Valcea (OLT.RO) staged their third consecutive day of protests Friday, asking to be paid their back wages and calling for the...
Executives Expect Declines In Constructions In September-November
Romanian companies expect construction activity will slow down in September through November compared with the previous three months, the statistics institute INS said in a survey Friday.
Sika Ponders Whether To Buy Plant Or Build It From Scratch
Romanian subsidiary of chemical Swiss producer Sika intends to expand its operations either through a takeover or a greenfield investment, after boosting its turnover 30-fold in its ten-year...
Romania Could Face EU Infringement Over Frequent Changes To Procurement Law
The European Commission might start infringement procedures against Romania over frequent changes of public procurement law, which affects the business environment and indicates a lack of le...
BNR Keeps Key Rate Unchanged At 5.25%
Romania's central bank on Thursday kept its main monetary policy rate unchanged at 5.25% a year, in line with expectations, amid higher inflationary risks due to increasing oil and food pric...
Emerson Invests EUR50M In New Facilities NW Romania
Emerson Romania, the local unit of US Emerson group, will invest EUR50 million in Euro Business industrial park in the northwestern town of Oradea, targeting the construction of production,...
BNR Revises Down Romania's 2011 FDI To EUR1.8B
Romania’s central bank revised downward foreign direct investment data for 2011 to EUR1.8 billion, compared with EUR2.22 billion in the previous year.