Companies
Octagon Contracting&Engineering 2011 Sales Down 13% To EUR12.5M
Romanian constructions firm Octagon Contracting & Engineering on Tuesday reported sales of EUR12.5 million for 2011, down 13% on the year, but the net profit increased by 23%, to EUR581,000.
CNADNR Asks Court Of Accounts To Look Into Road Upkeep Contracts
Romania’s national roads authority CNADNR on Tuesday said it asked the Court of Accounts to check the unfolding of all subsequent contracts concluded by the authority for the maintenance of...
Romania's Economy Loses Hundreds Of Millions Of Euros With Every Week Of Cold Weather
Half the economy is frozen as a result of tens of roads being blocked in southern Romania, and railway disruptions, Danube transport being halted, the slowdown of construction work and the r...
Asirom Plans To Sell 99.44% Stake In Private Pension Administrator Asirom-Concordia
Romanian insurer Asirom, member of Austria’s Vienna Insurance Group (VIG), plans to sell its 99.44% stake in private pension fund administrator Asirom-Concordia Pensii Facultative this year.
Law Firm Bostina & Asociatii Says 2011 Revenues Hit Record High
Bostina si Asociatii, one of Romania’s largest law firms, reported record revenues of over EUR25 million for 2011, from EUR15.7 million a year earlier, according to the company’s preliminary...
Romanian Laid Off Miners Stage Protest Calling For Severance Pay
Almost one hundred laid off workers in the mining sector protested Monday in front of the national coal company CNH Petrosani, disgruntled that they did not receive the third tranche of the...
Top Stock Exchange Rises Since The Beginning Of The Year
Nobody would have imagined at the beginning of the year that the BET index (of the 10 most liquid stocks) would rise 16% in a month and a half, and that the SIFs (regional investment funds)...
Export Growth Slows To A Halt In December
Romanian companies exported a record EUR45 billion in 2011, 20% more than the previous year. Yet shipments abroad showed signs of a slowdown in the last quarter.
Voestalpine Vae Apcarom Posts RON7.2M Net Profit In 2011
Romanian rolling stock maker Voestalpine Vae Apcarom Buzau (APC.RO) on Thursday reported a 25.1% in its net profit, to 7.2 million lei (EUR1.7 million) in 2011, from RON5.8 million in the pr...