Companies
FAN Courier 1H Sales Rise 11% To RON105M
Romanian delivery service company FAN Courier Tuesday reported total sales of 105.2 million lei (EUR24.8 million) in the first half, up 11% on the year.
Hilton Remains Copos’ Best Hotel, Despite Revenue Drop
Bucharest’s Athenee Palace Hilton five-star hotel, owned by businessman George Copos, ended the first half of this year with 3% lower revenue from last year, operating at an average occupanc...
Renewed Investor Interest To Show In Deals In 12 To 18 Months
Dragos Rosca, chief financial officer of investment company Gemisa Investments, says there has “undeniably” been a return in the interest of foreign investors for Romania, especially strateg...
Share Investment Funds Lose During Vacation What They Strove To Earn During The Year
Funds that invest in stocks have visibly reduced their yields, with Star Next fund registering the highest return at 8% for the first seven months of the year, amid fears over the sovereign...
Energy Companies Push For New Gas Price Hike In 4Q
Romanian utility companies Monday requested a new increase in natural gas tariffs for industrial consumers, just one month after the regulatory authority approved a 10% hike in prices.
Franks: Romania To Put 15 Companies Under Private Management
Romania and the International Monetary Fund have agreed on a list of 15 state-owned companies which will be run by private managers, IMF mission head Jeffrey Franks said Monday.
TMK Artrom Slatina Plans To Borrow EUR60M From Unicredit, BCR
Romanian steel pipe maker TMK Artrom Slatina (ART.RO), part of Russian steel group TMK, Friday said it plans to take out loans worth a total EUR60 million from UniCredit Tiriac Bank and Banc...
Romania Reconsiders Proprietatea Fund As Beneficiary Of $865M From Iraq’s Debt
The Romanian government decided to pull investment fund Fondul Proprietatea (FP.RO) from a list of 26 beneficiaries of $977 million from Iraq’s outstanding debt to the state, citing procedur...
Lafarge Posts 1.4% Drop In First Half Romania Sales
French cement producer Lafarge posted a 1.4% decline in first half sales on the Romanian market, according to the group's financial report published Thursday.