Companies
Artego Becomes New Stock Market Star After Rising 173% This Year
Artego Targu-Jiu (ARTE.RO), an employee-controlled conveyor belt maker, did what Transgaz or Transelectrica could not, that is make profit for stock market investors. Its shares have risen 1...
Government Revises Debt Rescheduling System To Relieve Posta Romana Of Quick Payment To State
The Romanian Government has revised for the first time the debt rescheduling system enforced last year to relieve state-owned postal company Posta Romana of immediately paying its overdue de...
How Much Further The Leu Can Depreciate And Who Would Be Affected By A Euro Worth RON5
The depreciation of the leu towards RON5 per euro would affect Romanians whose loans in euros are worth EUR3.5 billion and would lead to a deterioration of banks’ loan portfolios and an incr...
Catalin Bulboaca Steps Down From Oltchim's Board
Adrian-Catalin Bulboaca, managing partner of law firm Bulboaca & Asociatii, resigned Wednesday from its position of interim member of the Board of Romanian chemical producer Oltchim Ramnicu-...
Construction, Realty, Trade Sectors See Most Insolvencies In 2012
Most Romanian firms that entered insolvency this year operate in the construction, real estate, commerce and production sectors, according to data by liquidator Casa de Insolventa Transilvan...
EUR27 Billion Shaved Off The Value Of The 100 Largest Public Companies In Five Years
The 100 largest companies on the Bucharest Stock Exchange were worth over EUR36 billion in July 2007 and accounted for 96% of the bourse’s overall capitalization, but five years later the va...
Roman Copper’s Claims Regarding Cupru Min Groundless – Privatization Office
Romania’s industry privatization office OPSPI considers that Canadian-based Roman Copper’s claims regarding the privatization of copper producer Cupru Min Abrud are groundless, OPSPI head Re...
Applications For Tourism Investment Aid At EUR285M Last Month, Going Over Budget
Romania's agency for rural development payments (APDRP) received more than 2000 applications between April 17 and May 16 for rural tourism financing through the regional development program...
Norway To Give Romania EUR300M In Non-Refundable Aid To Reduce Pollution
The Norwegian government will give Romania non-refundable aid worth EUR306 million in 2012-2014, destined for companies using non-pollutant technologies.