Companies
Rosia Montana Corp. Says Mining License Agreement Classified Under Romanian Law
Rosia Montana Gold Corporation (RMGC), the joint venture between Romania and Canadian Gabriel Resources, which is developing the Rosia Montana gold mining project said its license agreement...
Ponta Says Will Ask Gabriel Resources To Declassify Rosia Montana Contract
Romanian Prime Minister Victor Ponta said Friday he will ask Canadian Gabriel Resources to accept the declassification of its gold mining contract for Rosia Montana.
42 Of 100 Largest Companies Of The World Operate In Romania
Four out of ten companies in the top 100 companies of the world ranking compiled by the Fortune Magazine have operations in Romania, but very few of the world’s giants have a manufacturing b...
Drought Sends Corn Price Though The Roof
The drought and high temperatures have already ruined about one third of the local corn crops but the farmers will be able to offset some of the losses as a result of rising quotes.
Schweighofer Increases Staff To Meet Demand
Austrian millionaire Gerald Schweighofer, who owns an over EUR400 million wood processing business on the Romanian market, currently has 2,300 employees in this country. The company has recr...
Romanian Lottery Risks Insolvency - General Manager
The financial status of the Romanian National Lottery "is not good" and the company may enter insolvency unless it not enforces measures to boost efficiency, the company’s general manager Da...
State-Run Companies Go From Losses Of EUR500M To Profits Of EUR300M
The turnovers of the 33 largest companies controlled by the Romanian state, whether they operate in energy, transport or natural resources, last year exceeded EUR10 billion.
Gabriel Popoviciu Invests EUR2.5M In New Restaurant And Spa At Parc Hotels
Gabriel Popoviciu, who controls the Baneasa project and other important businesses in Bucharest along with Radu Dimofte, will invest EUR2.5 million in a new restaurant and in a spa center in...
Heat Might Cost Farmers EUR1B In Lost Corn Crops
Romanian farmers announce significant declines estimated at 30% to 35% for the corn production less than three months before harvesting time as a result of the high temperatures this spring...