Companies
Businesspeople Encouraged To Continue Investments, But Fear Grips Business World
The volatility of the global financial markets has contaminated people in the local business world. While academics call for more investments, businesspeople are afraid of more expensive len...
EU Warns Romanian Public-Private Partnership Law Still Breaches Community Norms
The European Commission has warned the Romanian Government that the public-private partnership law is still incompatible with EU norms and not sufficiently clear on certain procedures, such...
Fitch: Forex Lending Could Resume Upward Trend In Romania
Fitch Ratings Thursday warned Romania could see a new spike in foreign currency lending due to prolonged high inflation, which forces the central bank to keep interest rates above eurozone l...
Kronospan Stagnates, Hopes Second Half Will Be Better
Austrian group Kronospan, one of the largest companies on the wood processing market, posted similar sales in the first six months of this year against the similar period of last year.
Vrancart To Borrow EUR6M From UniCredit Tiriac Bank
Shareholders of Romanian paper and cellulose producer Vrancart Adjud (VNC.RO) Wednesday approved the contracting of a loan worth EUR6 million from UniCredit Tiriac Bank, for financing a prod...
CNH Debt To Budget Widens To RON4.6B In 1H
Romanian state-owned coal mining company CNH’s total debt to the government budget widened 13% to 4.67 billion lei (EUR1.1 billion) in the first half of 2011, the country’s fiscal authority...
Vae Apcarom 1H Net Profit Up 47.3% To RON2.8M
Romanian rolling stock maker Vae Apcarom Buzau (APC.RO), owned by Austria's Voestalpine, Wednesday reported net profit of 2.79 million lei (EUR0.6 million) in the first half, up 47.3% on the...
Posta Romana CEO: There Are No Funds For Modernization
A lot of things need to be changed at state-owned postal company Posta Romana, from the mentality of some employees who do not understand they work in a competitive environment, to work habi...
Romania Hires Salans As Legal Consultant For Romgaz Listing
Romania's Economy Ministry has selected international law firm Salans to provide consultancy services for the sale of a 15% stake in natural gas producer Romgaz Medias, the law firm said in...