Companies
Gabriel Popoviciu Turns Over His Businesses’ Management To Young Executives. Who Are They?
Gabriel Popoviciu, one of the most powerful and also lowest-profile businessmen in Bucharest, turned over the operational management to young executives. Most of them are Romanians and make...
EBRD Mulls RON33.2M Loan For Waterworks In NW Romania
The European Bank for Reconstruction and Development, or EBRD, could issue a loan worth 33.2 million lei (EUR7.8 million) to Romanian Apaserv Satu Mare for water and wastewater infrastructur...
Carpatcement Posts Single-Digit Increase In 2011 Sales
Carpatcement, the Romanian unit of German construction materials producer HeidelbergCement, posted a single-digit increase in sales last year, from EUR214 million in 2010.
Manager Shortlists For Romanian State Companies To Be Finalized By April 30, May 15
The shortlist of private managers for Romanian companies Hidroelectrica, Oltchim and Romarm will be completed by April 30, and the list for Electrica Furnizare will be done by May 15, after...
Bayfront Will Pool Investors To Finance Cupru Min Acquisition
Canadian Bayfront Capital Partners, sole shareholder of Roman Copper, will call on investors from Canada, Europe and the US to pay for the purchase of Romanian copper mining firm Cupru Min,...
Mystery Lingers Over Cupru Min Buyer. Government Says It Doesn’t Know Or Care Who Is Behind Roman Copper
For the past couple of days the Romanian business world has been asking who is behind a small Canadian company, with $4 million in turnover, which says it will pay EUR200 million for Cupru M...
Gabriel Zbarcea: Law Firms Can No Longer See Spectacular Growth In Absence Of Success Fees
Lawyer Gabriel Zbarcea, managing partner of Tuca Zbarcea & Asociatii, says there can no longer be any spectacular increase in the revenue of law firms once a certain level is reached, in the...
Agricover Posts 40% Hike In 2011 EBITDA, To RON44M
Romanian agribusiness group Agricover on Tuesday reported earnings before interest, taxes, depreciation and amortization (EBITDA) worth some 44 million lei (EUR10.4 million) for 2011, up 40%...
Mechel Resumes Smelting Production At Otelu Rosu Plant
Russian metals and mining group Mechel OAO resumed on March 24 smelting production at Ductil Steel Otelu Rosu plant in Romania, the company said Tuesday.