Companies
Management Incompetence Turns Into National Economy Sabotage
Remus Vulpescu, the lawyer appointed by Prime Minister Victor Ponta to run Hidroelectrica, the largest state-owned company, says the decision to file for insolvency was made on Friday, after...
French Group Soufflet Buys Two Romanian Silos From Cargill
Soufflet Agro Romania, part of French group Soufflet, will buy two silos, located in Braila and Tandarei, southeastern Romania, from U.S. group Cargill.
E&Y: Romania's M&A Market Doubled To $800M In Jan-May
The estimated value of mergers and acquisitions (M&A) closed in the first five months in Romania stands at around $800 million, almost double compared with the figure in the same period of 2...
Sales Fall, Surging Debts Push Hidroelectrica To Request Insolvency
The Managing Board of Hidroelectrica decided to request the start of insolvency proceedings as the Romanian hydropower producer registered lower sales and rising debts, the company said in a...
OMV Petrom Plans To Invest Up To EUR1.2B/Year By 2014
OMV Petrom (SNP.RO) said Tuesday it will invest EUR800 million – EUR1.2 billion a year by 2014, particularly in exploration and production, if the business environment is favorable to invest...
Romania’s Farmers Start To Learn Cooperation Makes Them Strong
A group of 39 farmers in Giurgiu County (southern Romania), who operate 25,000 hectares of arable land together, have managed to persuade traders to sell them seeds or pesticides up to 30% c...
Exports To Markets Outside The EU Are Key To Returning To GDP Growth Above 4%
Romanian companies that no longer find resources for growth on the local market and turn to exports will have to seek markets outside the European Union. This was the main conclusion of the...
Media Fact Book: Romania's Advertising Market Down 2% To EUR309M In 2011
The value of Romania's advertising market dropped 2% in 2011 compared with 2010, to EUR309 million, with cuts on every medium except the Internet, according to the Media Fact Book study publ...
Number Of Insolvencies Might Fall Visibly In 2012 – Coface Romania
The number of insolvencies might fall significantly this year considering the insolvency drop seen in all activity sectors in the first quarter of the year, the most noticeable decrease over...