Companies
CFR Received 11 Offers For EUR532M Line Upgrade Contract
Romanian railway administrator CFR SA received 11 offers for the upgrade of a 66.2 km-long segment of the Brasov-Simeria line, between Atel (Sibiu county) and Coslariu (Alba county), worth a...
Intercontinental Bucuresti Holders Reject RON40M Share Capital Hike
The shareholders of Romanian hotel operator Compania Hoteliera Intercontinental Bucuresti (RCHI.RO) on Monday rejected a 40 million lei (EUR9.25 million) share capital increase proposed by T...
Entrepreneur Sees 113% Growth In Revenue From His Tourism Business
Romanian entrepreneur Claudiu Aron and his wife run the Alpin tourism complex in Poiana Brasov, a business that that has grown 113.7% in the last three years to 69.7 million lei (EUR16.1 mil...
Lufthansa's Winter Strategy: Bring Foreign Tourists To Romania
Lufthansa, one of the world's top ten airlines by number of passengers, has announced that Romania was the European market with the largest percentage increase in passenger traffic this year...
IKEA Supplier Sortilemn Posts RON92.6M Sales At Nine Months
Sortilemn, one of the main local suppliers for IKEA, concluded the first months of the year with sales of 92.6 million lei (EUR22 million), up 45% on the year.
Companies Participating In PPP Auctions Must Present Selected Subcontractors
The Romanian Government may ask private investors participating in public-private partnership (PPP) auctions to state in their bids the parts they plan to subcontract and the subcontractors...
EU Probes Hidroelectrica Over Preferential Tariffs, Almunia Says
The European Commission has launched an inquiry into several energy contracts signed by Romanian state-run hydropower producer Hidroelectrica and ArcelorMittal Galati and Alro Slatina (ALR.R...
Austrian Post Buys 26% In Romanian PostMaster For Undisclosed Amount
The Austrian Post, with EUR2.3 billion in turnover last year, has entered the Romanian market through the acquisition of 26% in PostMaster, preparing to gain business when the monopoly of st...
What Jucu Is Left With After Nokia’s Departure
Regardless of why Nokia is leaving Romania, the effects of its departure will be strongly felt both at macroeconomic level and especially at local level.