Companies
Socot Targu Mures 1H Revenue Down 23% To RON46M
Romanian hydro-technical construction company Socot Targu-Mures (SCTO.RO) reported its first semester revenue decreased 23% on the year, to 46.7 million lei (EUR10.6 million), while pre-tax...
EnergoBit Invests EUR40M In Wind Farm In Tulcea
EnergoBit, one of the leading players on the market of energy equipment, controlled by three Romanians, will invest EUR40 million in the development of a 27-MW wind farm in Tulcea (SE Romani...
Worst Case Scenario: 10 Things That Will Affect Romania’ Economy
The irresponsibility of the entire political class leads to economic decline and weakens the country’s ability to withstand external pressures.
Story Of Turabo: From 50 Coffee Shops To Insolvency
Tudor Dragomir Niculescu, the owner of the Turabo coffee shop chain and one of the first to get the coffee shop market going in Romania, has closed down, in less than three years, all his 50...
Miners At Romania’s Sole Uranium Mine End Protests, Will Resume Work Monday
The 300 miners at the Crucea uranium mine in northeastern Romania, who barricaded themselves underground Thursday morning demanding higher wages, decided Friday to end protests, after promis...
Agro Chirnogi Reaps 5 Tons Of Wheat Per Hectare, Double The Market Average
Agro Chirnoghi, part of the Maria group controlled by a group of Lebanese businessmen, has, thanks to irrigation, managed to obtain an average production of 5 tons of wheat per hectare, down...
Leu Exchange Rate Seen Towards 4.6 Vs Euro By Yearend
The difficult time the leu has had over the last few weeks is not over yet despite expectations of stabilization after the vote on the referendum to impeach the president.
Government To Cover 40-50% Of Salary Costs For Companies That Create 200 High-Skill Jobs
Romania's Government will cover 40%-50% of the salary expenses of companies that create at least 200 high-skilled jobs, for two years, under a state aid scheme approved Tuesday.
Economy Ministry Signs Financing Contracts Worth RON486M With 16 Firms
Romania’s Economy Ministry said Tuesday it signed 16 non-reimbursable financing contracts of 486 million lei (EUR106.3 million) between July 9 and July 27, within the EU-funded program incre...