Companies
Bucharest’s Transport Authority Willing To Buy Energy At Prices Higher Than On Power Exchange
Bucharest’s public transport authority RATB wants to buy EUR9 million worth of electricity at a price of 368 lei (EUR83) per MWh, 60%-70% higher than that of energy sold on the Romanian powe...
Where Is The Leu Exchange Rate Going?
The leu depreciated on Friday to a historic low, only to fall to a fresh low of 4.437 per euro on Monday and Romanians with installments to pay in euros are looking fearfully at the rates di...
Over 5,620 Romanian Firms Went Insolvent In Jan-April, Down 20% On Year
The number of companies going insolvent in the first four months in Romania dropped by over 20% to 5,625 from 7,192 in the same period in 2011, according to Trade Registry data released Mond...
Insolvent Concefa Sibiu 1Q Turnover Down 82.1%, To RON2.16M
Romanian construction company Concefa Sibiu (COFI.RO), undergoing insolvency procedures, posted a turnover of 2.16 million lei (EUR490,000) in the first quarter, 82.1% lower on the year, and...
Comelf Bistrita 1Q Sales Up 12% To RON36.1M
Romanian industrial equipment maker Comelf Bistrita (CMF.RO) Monday said its turnover climbed 12% in the first quarter to 36.1 million lei (EUR8.2 million) from RON32.2 million in the same i...
Ponta: The 1.5% Economic Growth Not Sufficient, Romania Must Find Other Markets Than The EU
Prime Minister Victor Ponta is still hopeful that the official economic growth rate of 1.5% in 2012 will prove realistic and believes an optimal GDP growth rate in order for Romania to at le...
Ponta: Government Wants To Cut Social Security Contributions For Employers In 2013
Romania’s Government plans to reduce social security contributions by 5 percentage points for employers next year and keep the flat tax unchanged at 16% for companies, Prime Minister Victor...
Teraplast Switches To Loss In 1Q 2012
Romanian construction systems maker Teraplast (TRP.RO) reported turnover of 37.5 million lei (EUR8.47 million) in the first quarter, 1.4% lower on the year, and losses of RON2.9 million, fro...
Romcarbon Switches To RON1M Loss In 1Q '12
Romanian plastic profiles producer Romcarbon Buzau (ROCE.RO) Friday said it turned to a net loss of 1 million lei (EUR0.22 million) in the first three months, compared to a net profit of RON...