Companies
Privatization Money Will Be Wasted Unless Spent On Real Projects
Romania risks privatizing companies for nothing if the money goes to wage and pension payments. The government has to come up with real projects for spending the almost EUR240 million to be...
Behind The Largest Transactions Of The Past Year
Over 100 bankers, lawyers, consultants and businesspeople on Wednesday attended the launch of the sixth edition of the Top Transactions yearbook, organized by Ziarul Financiar, and the debat...
Somaco Grup Reports 31% Rise In ’11 Sales, To EUR21M
Romanian construction materials maker Somaco Grup Prefabricate, owned by Swedish Oresa Ventures, on Wednesday reported a 31% year-on-year rise in sales for 2011, to EUR21 million.
Artego Sees 2012 Net Profit Down Some 66%, To RON1.4M
Romanian rubber bands maker Artego Targu Jiu (ARTE.RO) expects a net profit of 1.4 million lei (EUR0.32 million) for 2012, compared to RON4.3 million in the previous year, the company said T...
PM Ungureanu Chooses 26 Consultants To Help Him Turn Economy Around
Prime Minister Mihai Razvan Ungureanu is to announce the make-up of the board of consultants this week that will advise him on the economic strategy the government should follow and the solu...
Online Entrepreneurs After Sale Of eJobs: More Deals Will Follow
The deal estimated at several million euros between eJobs, the largest local online recruitment service, and Swiss-owned media group Ringier, will be followed by other mergers and acquisitio...
Cupru Min Will Pay Current Mining Royalties Until Romania Changes Tax
The future owner of Romanian mining company Cupru Min Abrud will pay 4% royalties on the extraction of nonferrous ores and will not be exempt from paying higher royalties later through a spe...
Number Of Insolvencies Down 10% On Year In First Two Months
The number of Romanian companies going insolvent in the first two months of the year narrowed by 10% compared to the same interval of 2011, to 2.608, with firms in retail and construction ta...
Carpatcement: Wind Power Boom Helps Cement Market Up
The Romanian cement market rose by 5% in volume last year, and may go up by 2% or 3% in 2012 if major products are developed, estimates Florian Aldea, general manager of the Carpatcement gro...