Companies
TMK-Artrom Slatina 1Q Net Profit Falls To RON16.4M
Romania’s TMK-Artrom Slatina (ART.RO), a unit of Russian steel pipe maker TMK, Friday said its net profit decreased to 16.4 million lei (EUR3.7 million) in the first quarter, from RON41 mill...
ArcelorMittal Galati To Restart Heavy Plate Mill After 3+ Years
ArcelorMittal Galati, a unit of the world’s largest steelmaker ArcelorMittal, Friday said its heavy plate mill No. 1 will resume production in the next weeks, after being idle for more than...
UCM Resita Loss Widens To RON12M In 1Q 2012
The revenues of Romanian engine manufacturer UCM Resita (UCM.RO) declined by 16% in the first quarter, from 37.7 million lei (EUR8.53 million) to RON31.5 million, while losses increased by o...
Government Should Focus On EU Funds, Reducing Tax Evasion, Reviving Economy – Association
Attracting structural funds, reducing tax evasion and measures for economic recovery, alongside public-private partnership, are the main issues that should be on the new Government's mind, s...
Richard Branson: For Success In Business, Follow Your Passion And Improve On Existing Services
Over 2,500 managers from local companies were present on Wednesday at a Bucharest conference held by British billionaire Richard Branson, founder of Virgin Group, an empire with 300 companie...
Romanian Privatization Calendar Sidetracked, Says IMF
The planned privatizations of state companies in Romania have been sidetracked following a series of unsuccessful auctions and the country should now focus on a shorter list of six enterpris...
Voestalpine Vae Apcarom 1Q Revenues Fell 40% To RON13M
Romanian rolling stock maker voestalpine Vae Apcarom Buzau (APC.RO), owned by Austria's voestalpine, reported Wednesday a 40% decrease in revenues in the first quarter of 2012, to 13 million...
Holcim Romania 1Q Cement And Clinker Sales Down 6.7% In Volume
Holcim Romania’s first quarter cement and clinker sales dropped 6.7% compared to the first quarter of last year, and prices decreased 1.6%, Swiss group Holcim, one of the world's leading sup...
Metrorex Launches Auction Announcement For New EUR1B Mainline
Bucharest subway operator Metrorex has launched an announcement for its intention to set up an auction to build Bucharest’s sixth mainline which will link the subway network to the Henri Coa...