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Banks-Insurance

Romania’s Top Four Insurers Are Worth Merely EUR630M

Astra, Allianz-Tiriac, Omniasig and Groupama – the top four insurers on the Romanian market – are worth about EUR630 million together, according to the "Top 100 most valuable companies in Ro...

Oana Gavrila · 18.12.2011 · 18:49 · 2 min
Romania Seeks Assessor For Posta Romana Ahead Of Privatization
Technology &Telecoms

Romania Seeks Assessor For Posta Romana Ahead Of Privatization

Romania's IT&C Ministry will launch a public tender December 22 to hire a professional assessment company for the evaluation of the state-run postal company Posta Romana in view of privatiza...

Florentina Dragu · 16.12.2011 · 18:00 · 1 min
Banks-Insurance

EBRD To Invest EUR6.8M In Romania’s First Recycling Park

The European Bank for Reconstruction and Development will invest EUR6.8 million in the Green Group recycling park in Romania, the first such park in the country, the bank said in a statement...

Florentina Dragu · 16.12.2011 · 17:59 · 1 min
Capital Market

Romcarbon Partners With Global Finance To Develop Recycling Activity At Three Firms

Romanian plastic systems maker Romcarbon Buzau (ROCE.RO) plans to draw capital for the development of activity at three firms where it holds stock in association with investment fund South E...

Andrei Cîrchelan · 16.12.2011 · 15:36 · 2 min
Companies

Romania Extends Bidding Deadline For Cupru Min Takeover

Romanian authorities extended by three months, until April 2012, the deadline by which companies can file bids to buy mining company Cupru Min, Economy Ministry official Claudiu Stafie said...

Andrei Cîrchelan · 16.12.2011 · 13:46 · 1 min
Companies

Constructor CON-A Sees 2012 Sales At EUR55M, Up 19% On Year

Romanian construction firm CON-A, owned by businessman Mircea Bulboaca, expects sales to reach EUR55 million by the end of 2011, up 19% on the year.

Andrei Cîrchelan · 16.12.2011 · 00:00 · 1 min
Companies

Sortilemn Gherla To End 2011 With EUR30M Turnover

Romanian IKEA supplier Sortilemn said it will conclude this year with a turnover of EUR30 million, up 36% from EUR22 million in 2010.

Andrei Cîrchelan · 16.12.2011 · 00:00 · 1 min
Companies

FM Logistic Romania Eyes 10% Rise In 2011 Sales, To EUR22M

Romanian logistics firm FM Logistic expects 10% higher sales in 2011, to EUR22 million, from EUR20 million in the previous year, company general manager Catalin Olteanu said Thursday.

Andrei Cîrchelan · 15.12.2011 · 15:00 · 1 min
Social/Politics

European Commission To Resume Payments To Romania Through Operational Program

The European Commission has decided to unfreeze EU funds going to Romania through the Regional Operational Program (POR), Regional Development and Tourism Minister Elena Udrea said Thursday.

Oana Gavrila · 15.12.2011 · 10:58 · 1 min