Companies
Comelf Bistrita 9-Month Pretax Profit Quadruples To RON2M
Romanian mining machinery maker Comelf Bistrita (CMF.RO) on Wednesday reported a pretax profit of 2.1 million lei (around EUR450,000) for the first nine months of 2011, compared to some RON0...
Erste, BCR Lend EUR50M To Four Mechel Units In Romania
Erste Group Bank (EBS.RO) and its Romanian arm Banca Comerciala Romana, or BCR, are granting a EUR50 million loan to four companies owned by Russian steel giant Mechel in Romania, to refinan...
Businesspeople To Government: Keep Investments Going And Cut Spending On Police And Military
Lower spending on public sector employees and especially on those in the police and military, along with continued investments in upgrading the state apparatus should be priorities on the ag...
First Tourism Forecasts For 2012: Top Agencies Expect 5% Sales Hike
Four of the largest travel agencies on the Romanian market, Happy Tour, Perfect Tour, Aerotravel, and Paralela 45 expect 2012 not to be a very “comfortable” year and are drawing up cautious...
Businesspeople Teach Government How To Build 2012 Budget
The Government needs to cut the number of public sector employees, continue investments but not in the unprofitable state-owned companies, and ensure transparency of spending by putting peop...
Head Of Pepsico Romania: The Worst Of The Crisis Is Over
Levent Yuksel, the 46 year-old manager who has been running the PepsiCo business (beverages and chips) since spring, says from his point of view the worst of the Romanian crisis is over and...
Lafarge Agregate Betoane Posts RON12.1M Loss In Jan-Sep
Construction materials maker Lafarge Agregate Betoane (AGEM.RO) on Monday reported a loss of 12.1 million lei (EUR2.78 million) for the first nine months of the year, compared to RON11.2 mil...
Romania Lacks An Entrepreneurial Culture - MedLife President
Entrepreneurship means creating jobs, not dealing in real estate to boost profit, Monday said Mihail Marcu, chairman of the board at private healthcare operator MedLife.
La Fantana CEO Says Not A Big Fan Of Switching Targets Mid-year
Mihai Matyas, general manager of La Fantana, the largest local watercooler bottler, doesn’t expect significant changes on the local market in 2012 that could trigger the need to plan ahead m...