Companies
EU Approves EUR771M Financing For Romanian Railway Upgrades
The European Commission has approved total financing of EUR771 million to Romania for the upgrade of two railway segments that will cost EUR944 million, and is expected to approve financing...
Salrom Posts Record EUR66.1M Sales In 2011
Romanian state-owned salt mining company Salrom posted 13.5% higher sales in 2011, at EUR66.1 million, the highest turnover ever seen by the company, Salrom said Monday in a news release.
Voestalpine VAE APCAROM Proposes Gross Dividend Of RON0.09
Romanian rolling stock maker voestalpine VAE APCAROM Buzau (APC.RO), part of Austrian group Voestalpine, plans to pay a gross dividend of 0.09 lei (EUR0.02) per share from 2011 earnings, dow...
Lawyer Sorin David: Romania Has A Chance Of Being Rediscovered Because Asia Is Losing Low-Cost Advantage
Lawyer Sorin David, managing partner of law firm D&B David si Baias, believes investors will start looking again more carefully at Eastern Europe as the labor costs in Asia continue to rise....
Bostina Si Asociatii Posts Record EUR33.4M Turnover For 2011
Bostina si Asociatii on Thursday said it posted a turnover of EUR33.4 million for 2011, a record among Romanian law firms, with one third of revenue coming from litigation and foreclosures.
ZRP Posts RON19.1M Turnover In 2011, Up 35% On Year
Romanian law firm Zamfirescu Racoti Predoiu (ZRP) on Thursday reported a turnover of 19.1 million lei (EUR4.5 million) for 2011, up 35% on the year.
ArcelorMittal Galati Seeks To Buy 3.15M MWh Of Energy At RON200/MWh
ArcelorMittal Galati, a unit of the world’s largest steelmaker ArcelorMittal, plans to buy 3.15 million megawatt hour of electricity on the Romanian power exchange OPCOM to sustain operation...
Romanian’s EU Fund Absorption Rate Up 0.75% In February To 6.3%
Romania’s structural and cohesion fund absorption rate increased by 0.75% in February to 6.30%, according to data published Wednesday by the Ministry for European Affairs.
IT&C Minister Frowns On Ministry’s Poor EU Fund Absorption Rate Of Only 9.3%
Romanian IT&C Minister Razvan Mustea on Wednesday said the ministry he runs has a poor absorption rate of European Union funds, of only 9.3%, and added he wants to back small and medium ente...