Companies
Bucharest Radisson Hotel Owner Borrows EUR71.5M From Raiffeisen Bank
Romanian hotel operator Bucuresti Turism (BUTU.RO), which owns Bucharest hotels Radisson Blu and Centre Ville, Tuesday said it will open credit worth EUR71.5 million at Raiffeisen Bank Inter...
Investment Banker Urges Romanian Entrepreneurs To Go West
Ioana Filipescu, managing director with Raiffeisen Investment Romania and one of the savviest M&A consultants, says that the Romanian entrepreneurs who weathered the crisis well should also...
Cord Buzau Hikes Capital To RON72M
Romanian metallic cord and wire manufacturer Cord Buzau (CORZ.RO) will increase its share capital by 32.7 million lei (EUR7.6 million) to over RON72 million, the company said in a statement...
Wave Of Last-Minute Holidays
Five planes took off on Wednesday to Antalya from Otopeni airport and others to Rhodes or Tenerife, all of them charter flights through which Romanian tourists are carried to holiday destina...
Renaissance Head: We Can Consider Petrom Offering Successful If It Makes Front Page News In FT
Stephen Jennings, who runs Renaissance Capital, Russia’s largest investment bank and the lead manager of the OMV Petrom (SNP.RO) offering, Saturday said that for him the success of the deal...
SIF Transilvania's Profit Surges In 1H, Other SIFs Report Lower Results
SIF Transilvania (SIF3.RO) ended the first half of this year with a profit of almost 90 million lei (EUR21 million), four times higher than in the same period a year ago, while the profits o...
Rosia Montana Cultural Foundation To Contest Archeological Discharge Certificate In Court
Romania’s Rosia Montana Cultural Foundation will contest in court the archeological discharge certificate issued by the local department of the Culture Ministry for part of the Carnic mounta...
Gigi Becali Wants EUR5 Million For Stake In Lafarge Arcom Gips
Businessman George Becali, owner of football club Steaua, wants EUR5 million for the stake he indirectly holds in gypsum producer Lafarge Arcom Gips.
Government Might Close "Social" Railway Lines If Earnings Below 50% Of Estimates
Romania's Government will consider closing railway lines used by subsidized passenger trains, if their revenue is lower than 50% of the forecast level.