Companies
Somaco Grup Prefabricate Ups Share Capital BY EUR5.3M
Construction materials maker Somaco Grup Prefabricate, owned by Oresa Ventures, has increased its share capital by 22.89 million lei (EUR5.3 million), to RON61.83 million, through the conver...
Low-Cost Airline easyJet Leaves Romania
easyJet, the second-largest low-cost airline in Europe, with 44.8 million passengers carried on international destinations, is leaving Romania after operating flights to Milan and Madrid fro...
Romania Is In Dire Need Of Skilled Workers, But Churns Out University Graduates
The lack of vocational schools is a genuine disaster that can turn into the biggest catastrophe for the country, believe Romanian entrepreneurs, who say they need people qualified for produc...
World Bank: Romanian State Cos Receive Major Subsidies But Cause Massive Losses
One quarter of the 154 monitored Romanian state-owned enterprises have incurred losses of as much as hundreds of thousands of lei per employee, while only 14 companies have posted profit abo...
CFR SA Halves Nine-Month Loss To RON262.48M
Railway administrator CFR SA reduced its nine-month loss by 55.05%, to 262.48 million lei, from RON583.92 million, according to a news release issued Thursday.
World Bank: A Quarter Of Romania's State-Owned Cos Are Practically Bankrupt
A quarter of Romania's 760 state-owned enterprises, such as RADET, CFR or Oltchim, are unprofitable, with nonviable assets and de facto bankrupt, meaning almost 100,000 employees would be le...
Rosia Montana Gold Corporation Cuts Share Face Value To Cover Loss
Rosia Montana Gold Corporation (RMGC) on Wednesday said it will reduce its share capital by 252.7 million lei (EUR58.39 million), to RON359.8 million, from RON612.6 million, by diminishing t...
Listed Companies To Report 3Q Results Starting Thursday: What Do Analysts Expect?
Banca Transilvania bank (TLV.RO) on Thursday will open the season of financial reports for the third quarter, with all companies on the stock exchange set to publish their results by mid-Nov...
Farmers Invest In Silos To Stop Selling Grain Cheap Right After Harvest
The record agricultural year has encouraged Romanian farmers to invest in grain storage to avoid selling wheat or corn soon after harvesting it for one third of the prices charged in winter...