Companies
Electroputere Eyes Turnaround After 11 Bad Years
Romanian electric engine maker Electroputere Craiova (EPT.RO) estimates it will swing to profit in 2012, after eleven consecutive years of losses.
Alumil Rom Industry Eyes 16% Higher Profit In 2012
Alumil Rom Industry (ALU.RO), the Romanian unit of Greek aluminum processing group Alumil Mylonas, estimates its net profit will rise 16% to 3.97 million lei (EUR0.9 million) in 2012, the co...
Romania Continues To Borrow Money From Treasury For EU-Funded Projects
Romania’s Government will borrow 500 million lei (EUR114 million) from the state treasury to cover payments in the second quarter of the year for the EU-funded regional operational program “...
Russia’s Polyus Gold Sells Romanian Mining Assets For $20M
Russia's largest gold producer Polyus Gold on Friday said it has agreed to sell its gold mining assets in Romania for $20 million to a British Virgin Islands incorporated holding company aff...
Valhalla Joins Roman Copper In Bid To Purchase Romania’s Cupru Min
Canada’s mineral exploitation company Valhalla Resources announced its participation in a consortium with Roman Copper Corp. for the purchase of Romanian copper producer Cupru Min Abrud, aft...
Novotel Seeks To Boost Number Of Events Hosted, Build Three More Conference Rooms
French executive Stephane Barbazan, the new manager of four-star hotel Novotel on Calea Victoriei in downtown Bucharest says in his first interview with the media that one of the main avenue...
Agricover Is A Prospective Acquisition Target For Cargill And Ameropa
Agricover, the only major trader of agricultural raw materials not backed by a multinational, is on the list of acquisitions of giants Cargill and Ameropa, market sources say.
Roman Copper Corp Enlists Big Names In Battle Over Cupru Min
The winner of the Cupru Min privatization auction, Roman Copper Corp, has hired one of Romania’s top law firms, NNDKP, run by Ion Nestor, in a desperate attempt to resume talks about the tak...
RMGC Wins New Case Contesting 2010 Urbanism Certificate For Rosia Montana Mining Project
The Cluj Court has rejected an action filed by two non-governmental organizations requesting the cancellation of the urbanism certificate issued in 2010 for the gold mining project in Rosia...