Companies
IFC Acquires 10% In Romania Transport Trade Services For EUR12M
The International Finance Corporation (IFC), member of the World Bank Group, is acquiring 10% of the share capital of Romanian Transport Trade Services (TTS) for EUR12 million, which will be...
Turkey's Kastamonu Sees EUR150m Investment In Reghin As Bridgehead Into The Region
Kastamonu Romania (the former Prolemn) in Reghin (central Romania), controlled by Kastamonu Entegre, one of the leading wood processing companies in Turkey, will complete a EUR150 million in...
German Investor Takes Over Astra Vagoane, Meva, Romvag Caracal For EUR30M
Romania’s rolling stock manufacturers Astra Vagoane Arad, Meva and Romvag Caracal, under insolvency, were taken over by an undisclosed German investor, in a EUR30 million deal, the liquidato...
Head Of Postal Company: My Priority Was To Remove The Risk Of Insolvency By Cutting Unproductive Spending
State-run postal company Posta Romana is one step away from insolvency unless it goes through a deep restructuring of its activity, after it cumulated losses of EUR72 million in 2008-2010 an...
Cargill And Toepfer Together Post EUR1B Turnover
US grain traders Cargill and Alfred C. Toepfer, the top two players on the local market of farming raw materials, last year managed to post turnover of EUR1.1 billion together, Trade Registr...
INS: Average Net Wage Slightly Down To RON1,530 In May
Romanian average net salary fell 1.5% to 1,530 lei (EUR342) in May, from RON1,553 a month earlier, the statistics institute INS said Thursday.
This Year’s Wheat Harvest Is Lower But Better, Top Farmer Says
The wheat harvest will be lower but better this year because of the high temperatures of the last few weeks, says Adrian Porumboiu. The former football referee turned entrepreneur owns the R...
Romania OKs Setup Details Of World’s Most Powerful Laser At Magurele
The Romanian Government has approved Wednesday the technical-economic details for the construction of the world’s most powerful laser in the southern town of Magurele, a EUR389 million inves...
Tax Authority To Have New Antifraud Division
The Romanian Government has decided to set up a General Integrity Department within the country’s tax authority ANAF, which will be tasked with preventing and fighting tax fraud, Government...