Companies
INS: Tourist Arrivals Up 22% On Year In July
Tourist arrivals in Romania rose 21.8% in July from the year-earlier month, while overnight accommodations were up 26.7% on the year, the statistics institute INS said Monday.
Government: Operation “CEO Wanted For EUR10B Business” Starts Monday
The Economy Ministry this Monday starts the selection of consultants who will manage a project involving companies with over EUR10 billion in turnover: private management for state-owned com...
Private Management In State-Owned Companies, The Second Revolution
Removing companies from political influence and making them efficient by putting experienced managers from the private sector in charge will be a shock for the economy as the Revolution of 1...
British Airways Sees Revenue Up 40% Driven By Flights To London And Transoceanic Trips
British Airways, which operates direct flights on the Bucharest-London route, boosted its domestic revenue by 40% in the first half of this year, amid rising sales of plane tickets to and fr...
Electrocarbon Posts 28% Drop In 1H Profit, To RON5.5M
Romanian industrial electrode maker Electrocarbon Slatina (ELNG.RO) on Thursday reported a net profit of 5.5 million lei (EUR1.3 million) for the first half of 2011, down 28% from RON7.7 mil...
KPMG: Romanian Companies See Wider Fraud Amid Crisis
The global economic crisis has brought about an increase in fraud for most Central and Eastern Europe states, including Romania, over the past two years, according to a survey by audit and c...
ArcelorMittal Iasi Invests $11M In New Cold Forming Line
Romanian steel pipe maker ArcelorMittal Tubular Products Iasi (TPRO.RO), a unit of UK-based steelmaker ArcelorMittal, invested $11 million in a new line of cold forming, the company said in...
GED Buys 30% In Continental Hotel Chain
Spanish-owned private equity firm GED, one of the most dynamic investors in the Romanian economy over the past two years, bought a 30% stake in the Continental hotel chain from Czech fund PP...
Economy Ministry: State-Run Companies To Invest RON16.7B By Yearend
The Romanian Economy Ministry on Wednesday announced that 18 companies it controls will complete investment worth a total 16.7 billion lei (EUR3.9 million) between July and December 2011, tw...