Companies
Bostina: I Want Us To Be A Really Big Firm, An Industry, Be Renault, Not Ferrari
Doru Bostina, managing partner of Bostina&Asociatii law firm, says that the firm he runs could reach over EUR25 million revenue this year, 65% of which generated by the office in Bucharest a...
State Companies Might Be Again Forced To Transfer 90% Of Profit To State Budget
The Romanian Government wants to force state companies and autonomous departments again to transfer 90% of their profit to the state budget, people close to the matter told MEDIAFAX Thursday...
ArcelorMittal To Hike Share Capital Of 2 Romanian Subsidiaries
ArcelorMittal Tubular Products Holding, the tubular products arm of the world’s largest steelmaker ArcelorMittal, will invest 370 million lei (EUR86 million) in the capital stock of its Roma...
Mecanica Ceahlau 2011 Net Profit Triples To RON7.3M
Romanian agricultural machinery producer Mecanica Ceahlau (MECF.RO) Friday said its net profit more than tripled to 7.27 million lei (EUR1.7 million) in 2011, fueled by higher sales, accordi...
Number Of Romanian Insolvencies Higher In November
The number of companies going insolvent in Romania in November increased by 15% on the month, to 2,062 from 1,783 in the previous month, according to trade registry data.
EU Fund Management Authorities Have 45 Days To Check Refund Requests
The Romanian Government decided Thursday European fund management authorities have 45 days to check EU fund reimbursement requests to be sent to the European Commission, people close to the...
Court Decision Voids Franklin Templeton Role As Proprietatea Fund Manager
The Bucharest court decided to cancel a shareholder decision from September 2010, which amended the statute of investment fund Fondul Proprietatea (FP.RO) and enabled the appointment of Frna...
EBRD Invests EUR7.8M In Water Infrastructure In NW Romania
The European Bank for Reconstruction and Development Thursday said it will extend a 30 million lei (some EUR7.8 million) loan to water utility company Aqubis SA to improve water services in...
Stock Market's 2011 Performance Disappointed Investors
The performance of the capital market disappointed investors who bought shares early this year expecting a rebound of the Romanian economy and an increase in the interest for the local marke...