Companies
Eurolines Romania 1H Sales At RON121.7M, Up 47% On Year
Romanian tourism group Eurolines reported sales of 127.7 million lei (EUR28 million) in the first half of 2012, 47% higher than RON82.88 million in the same period a year before, the group s...
BNR To Leave Key Rate On Hold Thursday - Poll
Romania’s central bank is likely to leave its key rate unchanged at a historic low of 5.25% for a third straight time at its monetary policy meeting due August 2, banking analysts said Tuesd...
Foreign Real Estate Investors 1H Inflow To Romanian Units Halves At EUR86M
The inflow of foreign real estate investors to the share capital of their Romanian units halved at EUR86 million in the first half of 2012, compared with EUR150 million during the same perio...
Young Farmers Ask For EUR272M Financing
Romanian young farmers asked the country’s Payment Agency for Rural Development and Fishing APDRP a total EUR272.3 million worth of non-reimbursable financing, highly over the EUR120.8 milli...
Turbomecanica 1H Loss Narrows To RON4.4M
Romanian turbojet parts maker Turbomecanica Bucuresti (TBM.RO) Monday said its loss narrowed 34% to 4.4 million lei (EUR1 million) in the first half, from RON6.7 million in the year-earlier...
Terapia Ranbaxy Beats Rival Europharm To The Top Spot In 2011
Terapia Ranbaxy in Cluj became Romania’s largest drug maker last year, leaving rival Europharm behind by just EUR3 million. Terapia came close to EUR100 million in revenue and had the highes...
Clunker Program Shows Signs Of Rebound, Foreign Car Dealers Don’t Feel It Yet
The number cars sold through the ‘Rabla’ clunkers program reached 8,000 at the end of last week, from 1,100 in mid May, according to the Environment Fund Administration. This is nothing for...
French Bakery Owner Says 2012 Worst Year For His Business, Pins Hopes On 2013
Dinu Cismarescu, owner of the French Bakery chain, says that 2012 is the company’s worst since its start more than seven years ago. French Bakery annual revenue stands at EUR3 million, gener...
Greek Retailer Sprider Sells 17-Store Romanian Unit For EUR640,000
Greek fashion retailer Sprider is selling its loss-incurring Romanian unit, Sprider Stores SRL, to Cyprus-registered Naqua Investments, which operates in fashion retail in Eastern Europe, fo...