Companies
Gica Popescu Hopes To Recoup Investment In Courtyard Marriott Hotel Within Ten Years From Opening
Former football player Gica Popescu says his “guarantee” that the Courtyard Marriott hotel project will go through is that his partner is Marriott.
Cemacon Expects To Return To Profit In 2012, On 65% Higher Turnover
Romanian brick maker Cemacon (CEON.RO) expects turnover to grow by 65% this year, from 27.3 million lei (EUR6.2 million) to RON45.1 million, and net profit of RON1.02 million, after losses o...
Teraplast Sees 17.6% Rise In 2012 Turnover, To RON246.3M
Romanian construction systems maker Teraplast (TRP.RO) estimates a 17.6% increase in turnover to 246.33 million lei (EUR56.3 million) in 2012, compared to a turnover of RON209.35 million in...
Mechel Targoviste Sees Narrower Loss This Year, At RON116M
Romanian steel processor Mechel Targoviste (COS.RO) expects a net loss of 116 million lei (EUR26.5 million) this year, 13% lower than RON133 million in 2011.
More SMEs Needed To Increase Role In Romania’s Economy
The increase in the number of small- and medium-sized enterprises (SMEs) is the only way to make this sector weigh more heavily on Romania's economy, Andreea Paul, representative of SMEs in...
Agricover Becomes Voestalpine’s Partner In Export Terminal
Agricover, one of the top five grain traders on the domestic market, bought 24% in Danube Grain Services from two individual shareholders. The other owner of the company is Austria’s Voestal...
IFC To Finance Agriculture, Infrastructure Projects In Romania In Next FY
The International Finance Corporation (IFC), the private lending arm of the World Bank, plans to finance agriculture and infrastructure projects in Romania worth over $30 million each in the...
EU Launches In-Depth Probe Into Preferential Tariffs At Hidrolectrica
The European Commission has opened five distinct in-depth investigations to assess whether the Romanian state-controlled hydropower producer Hidroelectrica S.A. purchased or sold electricity...
Agricover Credit Borrows EUR12.5M From IFC To Finance Farmers
Romanian Agricover Credit IFN, part of agribusiness group Agricover, Wednesday said it will borrow EUR12.5 million from World Bank’s private financing arm IFC for on-lending to qualified sma...