Companies
US Ambassador To Romania Worried About Standstill In Privatizations
US Ambassador to Bucharest Mark Gitenstein Wednesday expressed concern over a seeming standstill in the Romanian privatization process, saying the government should resume their efforts to a...
Lufthansa To Provide Consultancy On Private Airport Construction In S Romania
A division of German airline Lufthansa will provide financial consultancy to Romanian Infra Group, indirectly owned by businessman Nelu Iordache, for the construction of a private airport in...
Deloitte: Romanian Firms Stay Prudent Amid Economic Uncertainty
Increasing revenues on existing markets and improving cash flow are the main priorities for Romanian chief financial officers (CFOs) over the next 12 months, as few of them are currently con...
Employees At ArcelorMittal Tubular Products Galati End 15-Day Strike, To Resume Work April 17
The 182 workers of Romanian steel pipes maker ArcelorMittal Tubular Products Galati ended the full-blown strike set off on March 29 after they signed the 2012 collective labor contract and w...
Eldorado Gold Sets 2015 Start Date For Romania Gold Mine
Canadian Eldorado Gold plans to mine four tons of gold per year in Romania, starting 2015, namely an output worth $160 million per year, calculated on the average price considered in the ree...
Cemacon Seeks Advisor For Negotiations With BCR
Romanian brick maker Cemacon (CEON.RO) could pay over EUR300,000 to a financial adviser in negotiations aimed at reducing the debt owed to lender BCR by some EUR10 million.
Romcarbon Plans 10% Buyback With RON6.6M Budget
Management at Romanian plastic tiles and profiles maker Romcarbon Buzau (ROCE.RO) Thursday announced a plan to buy back at most 10% of shares, in a bid to diminish the share capital, in an o...
Some 4,400 Romanian Firms Went Insolvent In 1Q, Down 13% On Year
The number of companies going insolvent in the first three months in Romania dropped by 13% to 4,414, from 5,082 in the same period of 2011, according to Trade Registry data.
Alumil Seeks Loans Of EUR8M For Investments, Working Capital
Romanian aluminum systems maker Alumil Rom Industry Bucuresti (ALU.RO) plans to apply for loans worth a total EUR8 million, including EUR5 million to finance investments and the rest for wor...