Companies
MKB Romexterra Leasing Plans RON22M Capital Decrease
Romanian MKB Romexterra Leasing plans to reduce its share capital by 22.6 million lei (EUR5 million), from RON41.7 million to RON19.1 million, to cover the loss carried forward.
EBRD Invests EUR12.8M To Improve Water Services In Galati County
The European Bank for Reconstruction and Development on Thursday said it has extended a EUR55.5 million loan to water utility company APA Canal SA Galati to improve water services in Galati...
PayPoint Romania FY Revenues Up 15%, To GBP24.2M
British specialist payments company PayPoint Plc said Thursday revenues at its Romanian unit increased 15% in the fiscal year ended in March, to GBP24.27 million (EUR30 million), mainly due...
Government Bans Public Institutions From Buying Consultancy Services, Cuts Protocol Spending
Romania’s Government has banned public institutions and state-owned companies from buying consultancy and legal assistance services if they already have specialized employees and will force...
Businesspeople See Romanian Economy Deteriorate In Next Months - Survey
Businesspeople expect Romania’s economy will deteriorate in the next twelve months, impacted mainly by the lack of financing sources and investments, by corruption and delays in developing E...
South Korea’s Hyosung Plans $150M Tire And Airbag Plant In Romania
South Korea-based Hyosung Corporation plans to invest nearly $150 million in the construction of a tire and airbag factory in Romania, Romania’s Economy Ministry said Wednesday.
Stirom 1Q Profit Down 68.3% To RON1.65M
Romanian glass container producer Stirom Bucharest (STIB.RO) reported profit of 1.65 million lei (EUR380,000) in the first quarter of 2012, down 68.3% on the year, and sales of RON38.45 mill...
Glassware Maker Stirom Plans To Raise EUR10M On Stock Exchange
Romanian glass container producer Stirom Bucharest (STIB.RO) hopes to raise around EUR10 million via capital increases and a secondary public offering of stock on the Bucharest Stock Exchang...
AdePlast Sales Climbed 21% In Jan-April, To RON35M
Romanian building materials producer AdePlast said Tuesday its sales reached 35 million lei (EUR7.9 million) in the first four months of 2012, up over 21% compared with the similar interval...